Applicability of statutory provisions to certain transactions involving vehicles for commercial use.

  1. Law
  2. Nevada Revised Statutes
  3. Guaranteed Asset Protection Waivers
  4. Applicability of statutory 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.

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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