Nevada Reaffirmation Retraction of Lump Sum Request is a legal document signed by a borrower to reaffirm or retract their agreement to repay a lump sum of money. This document is commonly used when an individual has entered into a loan agreement with a lender and has agreed to repay the loan in a single lump sum payment. The Nevada Reaffirmation Retraction of Lump Sum Request allows the borrower to either reaffirm their commitment to make the lump sum payment or retract their agreement and choose another repayment option. There are two types of Nevada Reaffirmation Retraction of Lump Sum Request: voluntary and involuntary. A voluntary request is made by the borrower when they choose to retract their agreement and opt for another repayment option. An involuntary request is made by the lender when the borrower fails to make the scheduled lump sum payment and the lender requires a reaffirmation of the agreement.