Nevada Revised Statutes
Chapter 690D - Guaranteed Asset Protection Waivers
NRS 690D.100 - Applicability of provisions to certain transactions involving vehicles for commercial use.


1. The provisions of subsection 2 of NRS 690D.170, subsection 2 of NRS 690D.190 and NRS 690D.230 do not apply to a guaranteed asset protection waiver offered for sale or sold in connection with a lease or retail installment transaction to a buyer or lessor who purchases or leases the vehicle solely or primarily for commercial use or resale.
2. As used in this section, "retail installment transaction" has the meaning ascribed to it in NRS 97.115.
(Added to NRS by 2015, 2636)

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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.