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Nevada Revised Statutes Title 57. Insurance § 690D.210. Required records; length of retention; manner of storage

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

1. A creditor or the designee of a creditor shall maintain records of the transactions governed by this chapter. The records must include, without limitation:

(a) A copy of each type of guaranteed asset protection waiver that the creditor sells or offers for sale;

(b) The name and address of each borrower who possesses a guaranteed asset protection waiver under which the creditor has a duty to perform, to the extent that the creditor knows the name and address of each borrower; and

(c) The date and a description of each claim made by a borrower under a guaranteed asset protection waiver.

2. A creditor or the designee of a creditor shall retain all records relating to a guaranteed asset protection waiver for at least 1 year after the contract has expired.

3. The records required to be maintained pursuant to this section may be stored on a computer disc or other storage device for a computer from which the records may be readily printed.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 690D.210. Required records; length of retention; manner of storage - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-690d-210/

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