Title 52

NRS 604A.5023 Rescission of loan by customer. 1. A customer may rescind a deferred deposit loan on or before the close of business on the next day of business at the location where the deferred deposit loan was initiated. To rescind the deferred deposit loan, the customer must de…

NRS 604A.5024 Payment of loan in full. 1. A customer may pay a deferred deposit loan, or any extension thereof, in full at any time, without an additional charge or fee, before the date the customer’s final payment on the deferred deposit loan, or any extension thereof, is due. 2…

NRS 604A.5025 Partial payment on loan. 1. A customer may make a partial payment on a deferred deposit loan, or any extension thereof, at any time without an additional charge or fee. 2. If a customer makes such a partial payment, the licensee shall give to the customer a receipt …

NRS 604A.5026 Extended payment plan: Customer eligibility; requirements; restrictions; default. 1. A licensee who operates a deferred deposit loan service shall allow a customer with an outstanding deferred deposit loan to enter into an extended payment plan if the customer: (a) …

NRS 604A.5027 Repayment plan. 1. Before a licensee who operates a deferred deposit loan service attempts to collect the outstanding balance on a deferred deposit loan in default by commencing any civil action or process of alternative dispute resolution, the licensee shall offer …

NRS 604A.5029 Limitations on using proceeds of new deferred deposit loan or high-interest loan to pay balance of outstanding deferred deposit loan; exceptions. 1. Except as otherwise provided in subsection 2, if a customer agrees in writing to establish or extend the period for t…

NRS 604A.503 Limitations on amounts licensee may collect after default. 1. If a customer defaults on a deferred deposit loan or on any extension or repayment plan relating to the deferred deposit loan, whichever is later, the licensee may collect only the following amounts from t…

NRS 604A.5031 Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution. 1. A licensee who operates a deferred deposit loan service may collect a fee of not more …

NRS 604A.5033 Receipt required for each payment by customer; contents. In addition to any other provision in this chapter, each time a customer who receives a deferred deposit loan makes a payment to a licensee who operates a deferred deposit loan service, the licensee shall give…

NRS 604A.5034 Requirements regarding person acting as agent or assisting in making loan. 1. A person shall not act as an agent for or assist a licensee who operates a deferred deposit loan service in the making of a deferred deposit loan unless the licensee complies with all appl…

NRS 604A.5035 Determination of whether loan is high-interest loan. 1. Except as otherwise provided in this section, for the purposes of determining whether a loan is a high-interest loan, when determining whether a lender is charging an annual percentage rate of more than 40 perc…

NRS 604A.5037 Limitations on original term. 1. Except as otherwise provided in this chapter, the original term of a high-interest loan must not exceed 35 days. 2. The original term of a high-interest loan may be up to 90 days if: (a) The loan provides for payments in installments…

NRS 604A.5038 Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan. 1. A licensee who operates a high-interest loan service shall not make a high-interest loan pursuant to this chapter unl…

NRS 604A.504 Written loan agreement required; contents. 1. Before making a high-interest loan to a customer, a licensee who operates a high-interest loan service shall provide to the customer a written loan agreement which may be kept by the customer and which must be written in:…

NRS 604A.5041 Requirements for collection of defaulted loan; civil action to collect debt; venue. 1. If a customer defaults on a high-interest loan, the licensee who operates a high-interest loan service may collect the debt owed to the licensee only in a professional, fair and l…

NRS 604A.5042 Provision of information and materials concerning public assistance and services. A person who operates a high-interest loan service may, in consultation with the Department of Human Services, distribute in a location at which the person conducts business under his …

NRS 604A.5043 Practices regarding customers who are members of military. Notwithstanding any other provision of law: 1. If a customer who receives or attempts to receive high-interest loan services is a member of the military, a licensee who operates a high-interest loan service …

NRS 604A.5045 Limitation regarding amount of loan. 1. A licensee who operates a high-interest loan service shall not make a high-interest loan which, under the terms of the loan agreement and in combination with any other outstanding loan of the customer, requires any monthly pay…

NRS 604A.5046 Prohibited acts by licensee regarding multiple loans to same customer. 1. A licensee who operates a high-interest loan service shall not make more than one deferred deposit loan, single-advance, single-payment loan or high-interest loan to the same customer at one t…

NRS 604A.5048 Prohibited acts by licensee: Accepting collateral or other types of security; failing to make certain disclosures; taking incomplete instruments; requiring the purchase of insurance or other goods or services; failing to comply with payment plan; charging fee to cas…

NRS 604A.5049 Prohibited acts by licensee: Improper lending and collection practices; deceptive trade practices; false, misleading and deceptive advertising; reinitiating certain transactions; using agent, affiliate or subsidiary to avoid requirements or prohibitions of chapter. …

NRS 604A.505 Rescission of loan by customer. 1. A customer may rescind a high-interest loan on or before the close of business on the next day of business at the location where the high-interest loan was initiated. To rescind the high-interest loan, the customer must deliver to t…

NRS 604A.5052 Payment of loan in full. 1. A customer may pay a high-interest loan, or any extension thereof, in full at any time, without an additional charge or fee, before the date the customer’s final payment on the high-interest loan, or any extension thereof, is due. 2. If a…

NRS 604A.5053 Partial payment on loan. 1. A customer may make a partial payment on a high-interest loan, or any extension thereof, at any time without an additional charge or fee. 2. If a customer makes such a partial payment, the licensee shall give to the customer a receipt wit…

NRS 604A.5055 Repayment plan. 1. Before a licensee who operates a high-interest loan service attempts to collect the outstanding balance on a high-interest loan in default by commencing any civil action or process of alternative dispute resolution, the licensee shall offer the cu…

NRS 604A.5057 Limitations on using proceeds of new deferred deposit loan or high-interest loan to pay balance of outstanding high-interest loan; exceptions. 1. Except as otherwise provided in subsection 2, if a customer agrees in writing to establish or extend the period for the …

NRS 604A.5058 Limitations on amounts licensee may collect after default. 1. If a customer defaults on a high-interest loan or on any extension or repayment plan relating to the high-interest loan, whichever is later, the licensee may collect only the following amounts from the cu…

NRS 604A.506 Limitations on fees licensees may charge after default on installment payments. In addition to the amounts authorized to be collected pursuant to NRS 604A.5058, a licensee who makes a high-interest loan in accordance with the provisions of subsection 2 of NRS 604A.50…

NRS 604A.5061 Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution. 1. A licensee who operates a high-interest loan service may collect a fee of not more tha…

NRS 604A.5063 Receipt required for each payment by customer; contents. In addition to any other provision in this chapter, each time a customer who receives a high-interest loan makes a payment to a licensee who operates a high-interest loan service, the licensee shall give to th…

NRS 604A.5064 Requirements regarding person acting as agent or assisting in making loan. 1. A person shall not act as an agent for or assist a licensee who operates a high-interest loan service in the making of a high-interest loan unless the licensee complies with all applicable…

NRS 604A.5065 Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan. 1. A licensee who operates a title loan service shall not make a title loan pursuant to this chapter unless the licensee…

NRS 604A.5067 Written loan agreement required; contents. 1. Before making a title loan to a customer, a licensee who operates a title loan service shall provide to the customer a written loan agreement which may be kept by the customer and which must be written in: (a) English, i…

NRS 604A.5068 Requirements for collection of defaulted loan; civil action to collect debt; venue. 1. If a customer defaults on a title loan, the licensee who operates a title loan service may collect the debt owed to the licensee only in a professional, fair and lawful manner. Wh…

NRS 604A.507 Practices regarding customers who are members of military. Notwithstanding any other provision of law: 1. If a customer who receives or attempts to receive title loan services is a member of the military, a licensee who operates a title loan service shall: (a) Honor …

NRS 604A.50705 Provision of information and materials concerning public assistance and services. A person who operates a title loan service may, in consultation with the Department of Human Services, distribute in a location at which the person conducts business under his or her …

NRS 604A.5071 Prohibited acts by licensee: Accepting certain collateral or other types of security; failing to make certain disclosures; taking incomplete instruments; requiring the purchase of insurance or other goods or services; failing to comply with payment plan; charging fe…

NRS 604A.5072 Prohibited acts by licensee: Improper lending and collection practices; deceptive trade practices; false, misleading and deceptive advertising; reinitiating certain transactions; using agent, affiliate or subsidiary to avoid requirements or prohibitions of chapter. …

NRS 604A.5074 Restrictions on duration of loan and periods of extension. Notwithstanding any other provision of this chapter to the contrary: 1. The original term of a title loan must not exceed 30 days. 2. The title loan may be extended for not more than six additional periods o…

NRS 604A.5076 Prohibited acts by licensee regarding amount of loan, ownership of vehicle and customer’s ability to repay loan. A licensee who makes title loans shall not: 1. Make a title loan that exceeds the fair market value of the vehicle securing the title loan. 2. Make a tit…

NRS 604A.5078 Applicability of Uniform Commercial Code; repossession of vehicle; civil action. 1. Except where in conflict with the provisions of this section, the provisions of chapters 104 to 104C, inclusive, of NRS apply to any title loan between a licensee who operates a titl…

NRS 604A.5079 Rescission of loan by customer. 1. A customer may rescind a title loan on or before the close of business on the next day of business at the location where the title loan was initiated. To rescind the title loan, the customer must deliver to the licensee: (a) A sum …

NRS 604A.508 Payment of loan in full. 1. A customer may pay a title loan, or any extension thereof, in full at any time, without an additional charge or fee, before the date the customer’s final payment on the title loan, or any extension thereof, is due. 2. If a customer pays th…

NRS 604A.5081 Partial payment on loan. 1. A customer may make a partial payment on a title loan, or any extension thereof, at any time without an additional charge or fee. 2. If a customer makes such a partial payment, the licensee shall give to the customer a receipt with the fo…

NRS 604A.5083 Repayment plan. 1. Before a licensee who operates a title loan service attempts to collect the outstanding balance on a title loan in default by commencing any civil action or process of alternative dispute resolution or repossessing a vehicle, the licensee shall of…

NRS 604A.5085 Limitations on amounts licensee may collect after default. 1. If a customer defaults on a title loan or on any extension or repayment plan relating to the title loan, whichever is later, the licensee may collect only the following amounts from the customer, less all…