Nevada Code § 598.9735

When financial institution deemed in compliance with translation requirement for certain mandatory disclosures
Open in Lexace · Ask the AI about this section
1. Except as otherwise provided in
subsection 4 of NRS 598.9733 and NRS 598.9737 , if a financial institution
is required pursuant to Regulation M or Regulation Z to provide a disclosure to
a person in addition to any contract or agreement described in NRS 598.9733 , the financial institution
shall be deemed to be in compliance with NRS
598.9733 if:
(a) The disclosure required pursuant to
Regulation M or Regulation Z is translated into the same language that the
contract or agreement was translated pursuant to NRS 598.9733 ; and
(b) The translated disclosure is provided to the
person who is a party to the contract or agreement and to any other person who
may sign the contract or agreement before the execution of the contract or
agreement.
2. As used in this section:
(a) Consumer Leasing Act means the federal
Consumer Leasing Act, as amended, 15 U.S.C. 1667 et seq.
(b) Regulation M means the federal regulations,
as amended, 12 C.F.R. Part 1013, adopted pursuant to the Consumer Leasing Act
and commonly known as Regulation M.
(c) Regulation Z means the federal regulations,
as amended, 12 C.F.R. Part 226, adopted pursuant to the Truth in Lending Act
and commonly known as Regulation Z.
(d) Truth in Lending Act means the federal
Truth in Lending Act, as amended, 15 U.S.C. 1601 et seq.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.