NRS 97.105
“Retail installment contract” and “contract” defined.

1.

“Retail installment contract” or “contract” means a contract, other than a retail charge agreement or an instrument reflecting a sale made pursuant thereto, entered into or performed in this state for a retail installment transaction.

2.

The term includes a security agreement and a bailment contract or lease if the bailee or lessee contracts to pay as compensation for their use a sum substantially equivalent to or in excess of the value of the goods and if it is agreed that the bailee or lessee is bound to become or, without giving further substantial value, has the option of becoming the owner of the goods upon full compliance with the provisions of the bailment or lease.

3.

The term does not include a bailment or lease of a vehicle where the lessee becomes or may become the owner of the vehicle by payment to the lessor of an amount which is substantially equal to the residual value or the unamortized capitalized cost, if the payment is not nominal.

Source: Section 97.105 — “Retail installment contract” and “contract” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-097.­html#NRS097Sec105.

97.015
Definitions. 97.017
“Amount financed” defined. 97.025
“Cash sale price” defined. 97.026
“Credit” defined. 97.031
“Finance charge” defined. 97.035
“Goods” defined. 97.055
“Official fees” defined. 97.075
“Rate” defined. 97.085
“Retail buyer” and “buyer” defined. 97.095
“Retail charge agreement” defined. 97.105
“Retail installment contract” and “contract” defined. 97.115
“Retail installment transaction” defined. 97.125
“Retail seller” and “seller” defined. 97.135
“Services” defined. 97.145
“Total of payments” defined. 97.165
Contract contained in single document 97.175
Seller to provide certain creditor disclosures to buyer. 97.185
Contents of contract. 97.195
Amount of finance charge and any other fee, expense or charge. 97.205
Contracts negotiated and entered into by mail or telephone based on seller’s catalog or printed solicitation 97.215
Blank spaces in contracts. 97.225
Prepayment of unpaid total of payments 97.235
Consolidated contracts 97.245
Retail charge agreements: Finance charge 97.253
Rights of retail seller 97.265
Insurance. 97.275
Invalidity of provisions of contract or agreement 97.285
Provisions of chapter governing retail installment transactions exclusive. 97.297
“Vehicle” defined. 97.299
Forms for contracts and applications for credit: Adoption of regulations prescribing forms 97.301
Forms for contracts and application for credit: When use is mandatory. 97.304
Enforceability of default on part of buyer. 97.305
Violation bar to recovery. 97.315
Injunction to prevent violation. 97.325
Assurance of discontinuance. 97.335
Civil penalties.
Last Updated

Jun. 24, 2021

§ 97.105’s source at nv​.us