{"data":{"id":"us-nv/nrs-597.050","jurisdiction":"us-nv","citation":"NRS 597.050","heading":"Lease agreement: Disclosures required upon renegotiation but not upon extension; when deemed to be renegotiated.","body":"1. The disclosures required by NRS 597.030:\n(a) Must be made if a lease agreement with an option to purchase is renegotiated.\n(b) Are not required to be made if such an agreement is extended.\n2. For the purposes of this section, a lease agreement with an option to purchase:\n(a) Is renegotiated if it is replaced by a new agreement entered into by the same customer and lessor.\n(b) Has not been renegotiated if:\n(1) The leased property is exchanged or added to or individual items are returned and the average payment is not changed by more than 25 percent;\n(2) One or more of the periodic payments or portions of a periodic payment are deferred or extended;\n(3) Any additional fees charged are reduced; or\n(4) It is the subject of a judicial proceeding.","path":["TITLE 52 — TRADE REGULATIONS AND PRACTICES","CHAPTER 597 - MISCELLANEOUS TRADE REGULATIONS AND PROHIBITED ACTS","LEASE OF PERSONAL PROPERTY WITH OPTION TO PURCHASE"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-597.html#NRS597Sec050","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:43Z","sha256":"03b1367698e8ab5324cf765089d4e0c81cf11d15178ca0abf98d3b5e31b3faae","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-597.040","next":"us-nv/nrs-597.060"},"notice":"GroundRules: Original legal text. Not legal advice."}