Default defined.
Nev. Rev. Stat. § 604A.045
in effect1. Default means the failure of a customer to:
(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
(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 .
2. A default occurs on the day immediately following the date of the customers failure to perform as described in subsection 1.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-604A.htmlFetched: 10/4/2026