“Default” defined — Nevada Code § 604A.045
Nevada Code § 604A.045 — “Default” defined. Reproduced from the official Nevada Revised Statutes, with a citation summary, verification link, and related provisions.
§ 604A.045. “Default” defined
1. “ Default ” means the failure of a customer to: (a) Make a scheduled payment on a loan on or before the due date for the payment under
the terms of a lawful loan agreement that complies with the provisions of NRS 604A.501, subsection 2 of NRS 604A.5029 , NRS 604A.5037, subsection 2 of NRS 604A.5057 or NRS 604A.5074 , as applicable, and any grace period that complies with the provisions of NRS 604A.210 ; or (b) Pay a loan in full on or before the expiration of the loan period as set forth
in a lawful loan agreement that complies with the provisions of NRS 604A.501, subsection 2 of NRS 604A.5029 , NRS 604A.5037, subsection 2 of NRS 604A.5057 or NRS 604A.5074 , as applicable, and any grace period that complies with the provisions of NRS 604A.210 . 2. A default occurs on the day immediately following the date of the customer's failure
to perform as described in subsection 1.
Source: official Nevada text · Last verified 2026-08-27
At a glance
- Citation: Nevada Revised Statutes § 604A.045
- Jurisdiction: Nevada
- Code: Nevada Revised Statutes
- Subject: “Default” defined
- Text: transcribed from the official source (verify below)
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It addresses "“Default” defined". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
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