Nevada § 604A.045 - “Default” defined
Full text of Nevada Nevada Revised Statutes § 604A.045 — “Default” defined, with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Nevada § 604A.045
What does Nevada Revised Statutes § 604A.045 cover?
Section 604A.045 ("“Default” defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 604A.045?
A common citation format is "Nevada Revised Statutes § 604A.045" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 604A.045 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.