{"data":{"id":"us-nv/nrs-104.9513","jurisdiction":"us-nv","citation":"NRS 104.9513","heading":"Termination statement.","body":"1. A secured party shall cause the secured party of record for a financing statement to file a termination statement for the financing statement if the financing statement covers consumer goods and:\n(a) There is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation or otherwise give value; or\n(b) The debtor did not authorize the filing of the initial financing statement.\n2. To comply with subsection 1, a secured party shall cause the secured party of record to file the termination statement:\n(a) Within 1 month after there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation or otherwise give value; or\n(b) If earlier, within 20 days after the secured party receives a signed demand from a debtor.\n3. In cases not governed by subsection 1, within 20 days after a secured party receives a signed demand from a debtor, the secured party shall cause the secured party of record for a financing statement to send to the debtor a termination statement for the financing statement or file the termination statement in the filing office if:\n(a) Except in the case of a financing statement covering accounts or chattel paper that has been sold or goods that are the subject of a consignment, there is no obligation secured by the collateral covered by the financing statement and no commitment to make an advance, incur an obligation or otherwise give value;\n(b) The financing statement covers accounts or chattel paper that has been sold but as to which the account debtor or other person obligated has discharged its obligation;\n(c) The financing statement covers goods that were the subject of a consignment to the debtor but are not in the debtor’s possession; or\n(d) The debtor did not authorize the filing of the initial financing statement.\n4. Except as otherwise provided in NRS 104.9510, upon the filing of a termination statement with the filing office:\n(a) The financing statement to which the termination statement relates ceases to be effective.\n(b) For the purposes of subsection 7 of NRS 104.9519, subsection 1 of NRS 104.9522 and subsection 3 of NRS 104.9523, a financing statement that indicates that the debtor is a transmitting utility causes the effectiveness of the financing statement to lapse.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","SECURED TRANSACTIONS","Filing"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec9513","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"c56ea7e2ba3982f2def459f5b788f91c748418a4fbfff61817fa95bdd5a6360a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.9512","next":"us-nv/nrs-104.9514"},"notice":"GroundRules: Original legal text. Not legal advice."}