Requiring purchase of waiver as condition of sale, lease or terms or approval of credit prohibited.

  1. Law
  2. Nevada Revised Statutes
  3. Guaranteed Asset Protection Waivers
  4. Requiring purchase of waiver as condition of sale, lease or terms or approval of credit prohibited.

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A creditor shall not require the purchase of a guaranteed asset protection waiver as a condition for the approval of credit, the terms of the credit or the terms of the sale or lease of a vehicle covered by the finance agreement.

(Added to NRS by 2015, 2637)


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