{"data":{"id":"us-nv/nrs-604a.045","jurisdiction":"us-nv","citation":"NRS 604A.045","heading":"“Default” defined.","body":"1. “Default” means the failure of a customer to:\n(a) Make a scheduled payment on a loan on or before the due date for the payment under the terms of a lawful loan agreement that complies with the provisions of NRS 604A.501, subsection 2 of NRS 604A.5029, NRS 604A.5037, subsection 2 of NRS 604A.5057 or NRS 604A.5074, as applicable, and any grace period that complies with the provisions of NRS 604A.210; or\n(b) Pay a loan in full on or before the expiration of the loan period as set forth in a lawful loan agreement that complies with the provisions of NRS 604A.501, subsection 2 of NRS 604A.5029, NRS 604A.5037, subsection 2 of NRS 604A.5057 or NRS 604A.5074, as applicable, and any grace period that complies with the provisions of NRS 604A.210.\n2. A default occurs on the day immediately following the date of the customer’s failure to perform as described in subsection 1.","path":["TITLE 52 — TRADE REGULATIONS AND PRACTICES","CHAPTER 604A - DEFERRED DEPOSIT LOANS, HIGH-INTEREST LOANS, TITLE LOANS AND CHECK-CASHING SERVICES","GENERAL PROVISIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-604A.html#NRS604ASec045","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:43Z","sha256":"ad4a9d37c1e5f55096cde2bac431ba4de959d3520f0ba3bf3c2e08e414777997","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-604a.040","next":"us-nv/nrs-604a.050"},"notice":"GroundRules: Original legal text. Not legal advice."}