676.040 - “Debt adjustment” defined. [Effective through June 30, 2010.]
676.040 “Debt adjustment” defined. [Effective through June 30, 2010.] “Debt adjustment” means the making of a contract or the performance thereunder, under whatever name, whereby a person, firm, company or corporation undertakes, for a consideration, the scheduled receipt of a debtor’s moneys or evidences thereof for the purpose of distribution among certain specified creditors in payment or partial payment of the debtor’s obligations.
(Added to NRS by 1973, 1490; R 2009, 2001, effective July 1, 2010)