NRS 42.325 – “Transfer order” defined.
“Transfer order” means an order approving a transfer in accordance with NRS 42.385. (Added to NRS 2021, 1722)
NRS 43.010 – Short title.
This chapter shall be known as the Judicial Confirmation Law. (Added to NRS by 1969, 134)
NRS 42.330 – “Transferee” defined.
“Transferee” means a party acquiring or proposing to acquire structured settlement payment rights through a transfer. (Added to NRS by 2021, 1722)
NRS 43.020 – Legislative declaration.
The Legislature of the State of Nevada determines, finds and declares in connection with this chapter: 1. An early judicial examination into and determination of the validity of any power, instrument, act or project of any municipality promotes the health, comfort, safety, convenience and welfare of the people of this state. 2. The provision in […]
NRS 42.335 – “Unit” defined.
“Unit” means the Consumer Affairs Unit of the Department of Business and Industry. (Added to NRS by 2021, 1720)
NRS 42.340 – Requirement to register as structured settlement purchase company; application; certification of surety bond, letter of credit or cash bond that meets certain requirements.
1. A person shall not act as a transferee, attempt to acquire structured settlement payment rights through a transfer from a payee who resides in this State or file a structured settlement transfer proceeding in this State unless the person is registered with the Unit to do business in this State as a structured settlement […]
NRS 42.345 – Statement concerning obligation for child support required for issuance or renewal of registration as structured settlement purchase company. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
1. In addition to any other requirements set forth in NRS 42.200 to 42.400, inclusive, a natural person who applies for the issuance or renewal of a registration as a structured settlement purchase company shall: (a) Include the social security number of the applicant in the application submitted to the Unit. (b) Submit to the […]
NRS 42.350 – Suspension of registration as structured settlement purchase company; reinstatement of registration. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
1. If the Unit receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is registered as a structured settlement purchase company, the Unit shall deem the registration issued to that person to […]
NRS 42.355 – Notice of judgment against structured settlement purchase company; contents of notice.
Not later than 10 days after a judgment is obtained against a structured settlement purchase company by a payee, the structured settlement purchase company shall file a notice with the Unit and, if applicable, the surety which issued the surety bond used by the structured settlement purchase company to satisfy the requirements of NRS 42.340. […]
NRS 42.360 – Surety bond: Liability of surety not affected by certain acts; notice required before cancellation or modification; automatic expiration of registration for cancellation or noncomplying modification; modification or cancellation does not affect liability incurred previously.
1. The liability of the surety which issued a surety bond used by a structured settlement purchase company to satisfy the requirements of NRS 42.340 must not be affected by any: (a) Breach of contract, breach of warranty, failure to pay a premium or other act or omission of the structured settlement purchase company; or […]