Nevada Revised Statutes 690D.180 – Requiring purchase of waiver as condition of sale, lease or terms or approval of credit prohibited
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A creditor shall not require the purchase of a guaranteed asset protection waiver as a condition for the approval of credit, the terms of the credit or the terms of the sale or lease of a vehicle covered by the finance agreement.
Terms Used In Nevada Revised Statutes 690D.180
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC