2014 Nevada Revised Statutes
Chapter 353C - Collection of Debts Owed to State Agency
NRS 353C.133 - Agreement with debtor to accept payment of portion of debt in full satisfaction of debt.
Notwithstanding any specific statute to the contrary, the State Controller may enter into an agreement with a debtor to accept the payment of a portion of the debt in full satisfaction of the debt, including any penalty and interest, if:
1. The State Controller determines that accepting the agreed upon amount is likely to generate more net revenue for the State than continuing efforts to collect the full amount of the debt; and
2. The agency to which the debt is owed approves.
(Added to NRS by 2009, 1175)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
