Nevada § 676A.150 “Debt settlement services” defined

Nevada Statutes

§ 676A.150 — “Debt settlement services” defined

Nevada § 676A.150

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 676AUniform

GENERAL PROVISIONS

This text of Nevada § 676A.150 (“Debt settlement services” defined) 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. § 676A.150 (2026).

Text

“Debt settlement services” means debt-management services which contemplate that: 1. Regular, periodic payments will be made by or on behalf of the individual to whom the services are being provided; 2. The individual will accumulate such payments in a bank account which is insured by the Federal Deposit Insurance Corporation, owned by the individual and not controlled by the provider; and 3. The individual will use the accumulated amount of the payments made pursuant to subsection 1 to make payments to:

(a)The provider for any fees charged by the provider pursuant to NRS 676A.580 ; and

(b)Creditors in order to settle the debts of the individual for less than the principal amount of the debt.

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“Debt settlement services” means debt-management services which contemplate that:
1. Regular, periodic payments will be made by or on behalf of the individual to whom the services are being provided;
2. The individual will accumulate such payments in a bank account which is insured by the Federal Deposit Insurance Corporation, owned by the individual and not controlled by the provider; and
3. The individual will use the accumulated amount of the payments made pursuant to subsection 1 to make payments to:
(a) The provider for any fees charged by the provider pursuant to NRS 676A.580 ; and
(b) Creditors in order to settle the debts of the individual for less than the principal amount of the debt.