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Nev. Rev. Stat. § 97.304

Enforceability of default on part of buyer

Nevada · Nevada Revised Statutes Chapter 97 — Retail Installment Sales of Goods and Services · Status: effective

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Nev. Rev. Stat. § 97.304, Enforceability of default on part of buyer, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2078892
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Notwithstanding the provisions of any contract to the contrary, default on the part of the buyer is only enforceable to the extent that: 1. The buyer fails to make a payment as required by the agreement; or 2. The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the seller.