Nevada Revised Statutes 104.9209 – Duties of secured party if account debtor has been notified of assignment
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2. Within 10 days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under subsection 1 of NRS 104.9406 or subsection 2 of NRS 104B.12106 of an assignment to the secured party as assignee a signed record that releases the account debtor from any further obligation to the secured party.
Terms Used In Nevada Revised Statutes 104.9209
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
3. This section does not apply to an assignment constituting the sale of an account, chattel paper or payment intangible.