Limitations on original term.

NRS 604A.501 Limitations on original term. 1. Except as otherwise provided in this chapter, the original term of a deferred deposit loan must not exceed 35 days. 2. Notwithstanding the provisions of NRS 604A.5029, a licensee who operates a deferred deposit loan service shall not agree to establish or extend the period for the repayment, renewal, refinancing or consolidation of an outstanding deferred deposit loan for a period that exceeds 90 days after the date of origination of the loan. (Added to NRS by 2007, 931; A 2017, 1440)—(Substituted in revision for part of NRS 604A.408)