{"data":{"id":"us-nv/nrs-42.375","jurisdiction":"us-nv","citation":"NRS 42.375","heading":"Applicant for approval of transfer of structured settlement payment rights required to provide evidence of registration; transfer order signed by court constitutes qualified order under federal law if transferee is registered.","body":"1. At the time an application is made under NRS 42.200 to 42.400, inclusive, for the approval of a transfer of structured settlement payment rights, the application of the transferee must include evidence that the transferee is registered to do business in this State as a structured settlement purchase company.\n2. Except as otherwise provided in this subsection, a transfer order signed by a district court of competent jurisdiction pursuant to NRS 42.200 to 42.400, inclusive, constitutes a qualified order under 26 U.S.C. § 5891. If a transferee to which the transfer order applies is not registered as a structured settlement purchase company pursuant to NRS 42.200 to 42.400, inclusive, at the time the transfer order is signed, the transfer order does not constitute a qualified order under 26 U.S.C. § 5891.","path":["TITLE 3 — REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS","CHAPTER 42 - DAMAGES","STRUCTURED SETTLEMENT PROTECTION ACT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-042.html#NRS042Sec375","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:30Z","sha256":"b4e27d7790c289fd2d3f508b5bde3da2d2db43e8a9bc429fd614138f014192c6","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-42.370","next":"us-nv/nrs-42.380"},"notice":"GroundRules: Original legal text. Not legal advice."}