Nevada Statutes
§ 97.304 — Enforceability of default on part of buyer
Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 97 Retail· CONTRACTS FOR SALE OF VEHICLES
Notwithstanding the provisions of any contract to the contrary, default on the part of the buyer is only enforceable to the extent that:
1.The buyer fails to make a payment as required by the 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 seller.
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Related
In re Henderson
492 B.R. 537 (D. Nevada, 2013)
Legislative History
(Added to NRS by 2011, 1029 )
Nearby Sections
15
§ 97.015
Definitions§ 97.017
“Amount financed” defined§ 97.025
“Cash sale price” defined§ 97.026
“Credit” defined§ 97.031
“Finance charge” defined§ 97.035
“Goods” defined§ 97.055
“Official fees” defined§ 97.075
“Rate” defined§ 97.135
“Services” defined§ 97.145
“Total of payments” defined