Nevada Revised Statutes
Chapter 690D - Guaranteed Asset Protection Waivers
NRS 690D.095 - Applicability of chapter and title 57 of NRS; certificate of authority not required to issue, sell, offer for sale or administer waiver.


1. Except as otherwise provided in this chapter, the marketing, issuance, sale, offering for sale, making, proposing to make and administration of guaranteed asset protection waivers are not subject to the provisions of title 57 of NRS, except, when applicable, the provisions of NRS 679B.020 to 679B.125, inclusive, 679B.130, 679B.136, 679B.140, 679B.159 to 679B.180, inclusive, 679B.187 to 679B.220, inclusive, and 679B.310 to 679B.370, inclusive.
2. A creditor, an administrator or any other person is not required to obtain a certificate of authority from the Commissioner pursuant to chapter 680A of NRS to issue, sell, offer for sale or administer guaranteed asset protection waivers.
3. The provisions of this chapter do not apply to a debt cancellation contract or debt suspension agreement offered in accordance with 12 C.F.R. Part 37 or 721 or to a policy of insurance.
(Added to NRS by 2015, 2636)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 690D - Guaranteed Asset Protection Waivers

NRS 690D.010 - Definitions.

NRS 690D.020 - "Administrator" defined.

NRS 690D.025 - "Benefits" defined.

NRS 690D.030 - "Borrower" defined.

NRS 690D.035 - "Creditor" defined.

NRS 690D.040 - "Dealer" defined.

NRS 690D.045 - "Finance agreement" defined.

NRS 690D.050 - "Free-look period" defined.

NRS 690D.055 - "Guaranteed asset protection waiver" defined.

NRS 690D.060 - "Lease" defined.

NRS 690D.065 - "Long-term lessee" defined.

NRS 690D.070 - "Long-term lessor" defined.

NRS 690D.075 - "Vehicle" defined.

NRS 690D.095 - Applicability of chapter and title 57 of NRS; certificate of authority not required to issue, sell, offer for sale or administer waiver.

NRS 690D.100 - Applicability of provisions to certain transactions involving vehicles for commercial use.

NRS 690D.150 - Restrictions on business name of creditor; exception.

NRS 690D.160 - Dealer required to carry policy of contractual liability insurance; other creditors authorized to purchase such policy; requirements of policy; cancellation or termination.

NRS 690D.170 - Creditor authorized to offer waiver to certain borrowers; manner of payment; cost of waiver required to be listed separately; waiver becomes part of finance agreement and remains such if assigned, sold or transferred.

NRS 690D.180 - Requiring purchase of waiver as condition of sale, lease or terms or approval of credit prohibited.

NRS 690D.190 - Required written disclosures.

NRS 690D.200 - Free-look period required; cancellation and refund during or after free-look period; manner and limitations on time for request of refund; creditor authorized to apply refund to balance owed on finance agreement.

NRS 690D.210 - Required records; length of retention; manner of storage.

NRS 690D.220 - Inspection of records by Commissioner.

NRS 690D.230 - Authority of Commissioner to issue cease and desist order; notice and hearing; fines.