Nev. Rev. Stat. § 100.137

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 100.137 - Enforceability of default by lessee

Default on the part of the lessee in a consumer vehicle lease is only enforceable to the extent that:

1. The lessee fails to make a payment as required by the lease agreement, but in no case less than 30 days after the date required by the lease agreement; or

2. The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the lessor.

NRS 100.137

Added to NRS by 2021, 1426

Added by 2021, Ch. 271,§1.5, eff. 10/1/2021.