NRS 482.109
“Security interest” defined.

“Security interest” means an interest in a vehicle, including a mobile home whether or not permanently attached to the land, reserved or created by agreement, which secures payment or performance of an obligation. “Security interest” includes the interest of a lessor under a lease intended as security. Whether a lease is intended as security is to be determined by the facts of each case, but:

1.

The inclusion of an option to purchase does not of itself make the lease one intended for security; and

2.

An agreement that upon compliance with the terms of the lease the lessee shall become or has the option to become the owner of the vehicle for no additional consideration does make the lease one intended for security.

Source: Section 482.109 — “Security interest” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-482.­html#NRS482Sec109.

482.010
Definitions. 482.011
“Based” defined. 482.012
“Border state employee” defined. 482.013
“Bus” defined. 482.014
“Calendar year” defined. 482.016
“Converter dolly” defined. 482.018
“Cowl assembly” defined. 482.020
“Dealer” and “vehicle dealer” defined. 482.023
“Declared gross weight” defined. 482.028
“Distributor” defined 482.029
“Electric personal assistive mobility device” defined. 482.030
“Essential parts” defined. 482.035
“Farm tractor” defined. 482.036
“Farm vehicle” defined. 482.037
“Fiscal year” defined. 482.040
“Foreign vehicle” defined. 482.043
“Franchise” defined. 482.044
“Golf cart” defined. 482.045
“Highway” defined. 482.050
“Identification” and “permanent identifying” defined. 482.053
“Lease,” “long-term lessee,” “long-term lessor,” “short-term lessee” and “short-term lessor” defined. 482.055
“Lienholder” defined. 482.060
“Manufacturer” defined. 482.065
“Metal tires” defined. 482.066
“Mini motor home” defined. 482.067
“Mobile home” defined. 482.069
“Moped” defined. 482.070
“Motorcycle” defined. 482.071
“Motor home” defined. 482.073
“Motortruck” defined. 482.075
“Motor vehicle” defined. 482.076
“New vehicle” defined. 482.078
“New vehicle dealer” defined. 482.080
“Nonresident” defined. 482.084
“Out-of-state student” defined. 482.085
“Owner” defined. 482.087
“Passenger car” defined. 482.091
“Passenger compartment” defined. 482.095
“Pneumatic tires” defined. 482.096
“Purchase price” defined. 482.097
“Rebuilder” defined. 482.098
“Rebuilt vehicle” defined. 482.100
“Reconstructed vehicle” defined. 482.101
“Recreational vehicle” defined. 482.102
“Registered owner” defined. 482.103
“Resident” defined. 482.0105
“Assembly” defined. 482.106
“Roof assembly” defined. 482.107
“Salesperson” defined. 482.109
“Security interest” defined. 482.110
“Semitrailer” defined. 482.113
“Slide-in camper” defined. 482.115
“Solid rubber tires” defined. 482.120
“Specially constructed vehicle” defined. 482.123
“Special mobile equipment” defined. 482.124
“Substitute number plate” defined. 482.125
“Trailer” defined. 482.0125
“Branch” defined. 482.0127
“Broker” defined. 482.127
“Travel trailer” defined. 482.129
“Trimobile” defined. 482.130
“Truck-tractor” defined. 482.132
“Used vehicle” defined. 482.133
“Used vehicle dealer” defined. 482.134
“Utility trailer” defined. 482.135
“Vehicle” defined. 482.137
“Vehicle transporter” defined. 482.0145
“Charitable organization” defined. 482.0151
“Chassis-mount camper” defined. 482.0153
“Combined gross vehicle weight rating” defined. 482.0154
“Complete front inner structure for a unibody” defined. 482.0157
“Conventional frame” defined. 482.0285
“Duplicate number plate” defined. 482.0287
“Electric bicycle” defined. 482.0295
“Electric scooter” defined. 482.0385
“Floor pan assembly” defined. 482.0435
“Full trailer” defined. 482.0445
“Gross vehicle weight rating” defined. 482.0515
“Kit trailer” defined. 482.0555
“Local authority” defined. 482.0962
“Qualifying service-connected disability” defined. 482.0965
“Rear clip assembly” defined. 482.1005
“Recreational park trailer” defined. 482.1015
“Registered dealer” defined. 482.1025
“Replacement number plate” defined. 482.1115
“Service vehicle” and “work vehicle” defined. 482.1295
“Truck cab assembly” defined. 482.1345
“Van conversion” defined.
Last Updated

Jun. 24, 2021

§ 482.109’s source at nv​.us