Nevada Revised Statutes 690D.055 – ‘Guaranteed asset protection waiver’ defined
Current as of: 2023 | Check for updates
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‘Guaranteed asset protection waiver’ means a contract pursuant to which a creditor, in exchange for separately stated consideration, agrees to waive part or all of the amount due to the creditor pursuant to a finance agreement in the event of a total physical damage loss or unrecovered theft of a vehicle covered by the finance agreement.
Terms Used In Nevada Revised Statutes 690D.055
- Contract: A legal written agreement that becomes binding when signed.