{"data":{"id":"us-nv/nrs-100.137","jurisdiction":"us-nv","citation":"NRS 100.137","heading":"Enforceability of default by lessee.","body":"Default on the part of the lessee in a consumer vehicle lease is only enforceable to the extent that:\n1. The lessee fails to make a payment as required by the lease agreement, but in no case less than 30 days after the date required by the lease agreement; or\n2. The prospect of payment, performance or realization of collateral is significantly impaired. The burden of establishing the prospect of significant impairment is on the lessor.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 100 - SPECIAL RELATIONS OF DEBTOR AND CREDITOR; SURETYSHIP","LEASING OF VEHICLES","Consumer Vehicle Leases"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-100.html#NRS100Sec137","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"a401f88ba5d711dfa834dd8e18b981675da2342aeeafaae1475a64e55f3b6e26","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-100.135","next":"us-nv/nrs-100.139"},"notice":"GroundRules: Original legal text. Not legal advice."}