NRS 104.9201
General effectiveness of security agreement.

1.

Except as otherwise provided in the Uniform Commercial Code, a security agreement is effective according to its terms between the parties, against purchasers of the collateral, and against creditors.

2.

A transaction subject to this article is subject to any applicable rule of law which establishes a different rule for consumers and to chapters 97 and 97A of NRS.

3.

In case of conflict between this article and a rule of law, statute or regulation described in subsection 2, the rule of law, statute or regulation controls. Failure to comply with a statute or regulation described in subsection 2 has only the effect the statute or regulation specifies.

4.

This article does not:

(a)

Validate any rate, charge, agreement, or practice that violates a rule of law, statute or regulation described in subsection 2; or

(b)

Extend the application of the rule of law, statute or regulation to a transaction not otherwise subject to it.

Source: Section 104.9201 — General effectiveness of security agreement., https://www.­leg.­state.­nv.­us/NRS/NRS-104.­html#NRS104Sec9201.

Last Updated

Feb. 5, 2021

§ 104.9201’s source at nv​.us