Nevada § 353C.133 Agreement with debtor to accept payment of portion of debt in full satisfaction of debt

Nevada Statutes

§ 353C.133 — Agreement with debtor to accept payment of portion of debt in full satisfaction of debt

Nevada § 353C.133

Title 31PUBLIC FINANCIAL ADMINISTRATION

Ch. 353CCollection

This text of Nevada § 353C.133 (Agreement with debtor to accept payment of portion of debt in full satisfaction of debt) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 353C.133 (2026).

Text

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.

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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.