NRS 97.304
Enforceability of default on part of buyer.

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.
REMEDIES, ENFORCEMENT AND PENALTIES

Source: Section 97.304 — Enforceability of default on part of buyer., https://www.­leg.­state.­nv.­us/NRS/NRS-097.­html#NRS097Sec304 (accessed May 26, 2025).

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.

May 26, 2025

§ 97.304. Enforceability of default on part of buyer.'s source at nv​.us