Nevada § 100.137 Enforceability of default by lessee

Nevada Statutes

§ 100.137 — Enforceability of default by lessee

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 100 Special· Consumer Vehicle Leases

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.

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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.

Nevada § 100.137 (Enforceability of default by lessee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.