Nevada Revised Statutes 690D.100 – Applicability of provisions to certain transactions involving vehicles for commercial use
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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.
Terms Used In Nevada Revised Statutes 690D.100
- 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
2. As used in this section, ‘retail installment transaction’ has the meaning ascribed to it in NRS 97.115.