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Nevada Revised Statutes Title 55. Banks and Related Organizations § 676A.130. “Debt-management plan” defined

Current as of January 01, 2025 | Updated by Findlaw Staff

“Debt-management plan” means a plan which contemplates that:

1. Regular, periodic payments will be made to a provider by or on behalf of an individual to whom debt-management services are being provided; and

2. The individual's creditors will reduce financing charges or fees for late payment, default or delinquency.

The term does not include a plan which contemplates that creditors of the individual will settle debts for less than the principal amount of the debt.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 676A.130. “Debt-management plan” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-676a-130/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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