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2019 Nevada Revised Statutes
Chapter 676A - Uniform Debt-Management Services Act
NRS 676A.130 - “Debt-management plan” defined.
Universal Citation: NV Rev Stat § 676A.130 (2019)
“Debt-management plan” means a plan which contemplates that:
1. Regular, periodic payments will be made to a provider by or on behalf of an individual to whom debt-management services are being provided; and
2. The individual’s creditors will reduce financing charges or fees for late payment, default or delinquency.
The term does not include a plan which contemplates that creditors of the individual will settle debts for less than the principal amount of the debt.
(Added to NRS by 2009, 1971)
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