This section of the Nevada Revised Statutes, specifically under the Uniform Commercial CodeOriginal Articles, governs the transfer of record or legal title. It defines a ’transfer statement’ as a record authenticated by a secured party that states the debtor’s default, the secured party’s exercise of postdefault remedies, the acquisition of the debtor’s rights by a transferee, and the relevant parties’ names and mailing addresses. A transfer statement entitles the transferee to the transfer of record of all rights of the debtor in the specified collateral.

This legal document, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, governs the acceptance of collateral in full or partial satisfaction of an obligation and the compulsory disposition of collateral. It outlines the conditions under which a secured party may accept collateral as satisfaction for the obligation it secures, including obtaining debtor consent and not receiving objections from certain parties. The document also specifies that if collateral is consumer goods, it should not be in the possession of the debtor when consent is given.

This legal document pertains to the acceptance of collateral in full or partial satisfaction of an obligation by a secured party. The document specifies that a secured party must send a proposal to certain individuals or entities before accepting collateral. These include persons who have notified the secured party of a claim on the collateral, other secured parties or lienholders who held a security interest in the collateral before the debtor’s consent, and secured parties who have a security interest in the collateral perfected by compliance with a statute, regulation, or treaty.

1.A secured partys acceptance of collateral in full or partial satisfaction of the obligation it secures: (a)Discharges the obligation to the extent consented to by the debtor; (b)Transfers to the secured party all of a debtors rights in the collateral; (c)Discharges the security interest or agricultural lien that is the subject of the debtors consent and any subordinate security interest or other subordinate lien; and (d)Terminates any other subordinate interest. 2.

1.A debtor, any secondary obligor or any other secured party or lienholder may redeem collateral. 2.To redeem collateral, a person must tender: (a)Fulfillment of all obligations secured by the collateral; and (b)The reasonable expenses and attorneys fees described in paragraph (a) of subsection 1 of NRS 104.9615 . 3.A redemption may occur at any time before a secured party: (a)Has collected collateral under NRS 104.9607 ; (b)Has disposed of collateral or entered into a contract for its disposition under NRS 104.

1.A debtor or secondary obligor may waive the right to notification of disposition of collateral under NRS 104.9611 only by an agreement to that effect entered into and authenticated after default. 2.Except in a consumer-goods transaction, a debtor or secondary obligor may waive the right to redeem collateral under NRS 104.9623 only by an agreement to that effect entered into and authenticated after default. (Added to NRS by 1999, 359)

This legal document pertains to the remedies available when a secured party fails to comply with the provisions of the article. It applies to secured parties, debtors, obligors, persons holding security interests or other liens on collateral, and consumer obligors. The document allows a court to order or restrain collection, enforcement, or disposition of collateral if a secured party is not proceeding in accordance with the article. It also establishes liability for damages caused by a failure to comply, which may include loss resulting from the debtor’s inability to obtain alternative financing.

This legal document, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, governs actions arising from transactions where the amount of a deficiency or surplus is in issue. It outlines the rules for secured parties to prove compliance with provisions related to collection, enforcement, disposition, or acceptance, unless their compliance is challenged by the debtor or a secondary obligor. If compliance is challenged, the secured party has the burden of establishing that the actions were conducted in accordance with the provisions.

This provision, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, addresses the determination of whether conduct in the collection, enforcement, disposition, or acceptance of collateral is commercially reasonable. It states that the fact that a greater amount could have been obtained by a different method or at a different time does not automatically preclude the secured party from establishing that the conduct was commercially reasonable. A disposition of collateral is considered commercially reasonable if it is made in the usual manner on a recognized market, at the current market price, or in conformity with reasonable commercial practices among dealers in the relevant type of property.

This legal document, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, governs the nonliability and limitation on liability of a secured party, as well as the liability of a secondary obligor. It outlines the circumstances under which a secured party is not liable to a person or other secured parties for failure to comply with the article, and how the secured party’s failure to comply does not affect the liability of the person for a deficiency.