Title 52

NRS 604A.030 “Check-cashing service” defined. “Check-cashing service” means any person engaged in the business of cashing checks for a fee, service charge or other consideration. (Added to NRS by 2005, 1684)

NRS 604A.035 “Commissioner” defined. “Commissioner” means the Commissioner of Financial Institutions. (Added to NRS by 2005, 1684)

NRS 604A.036 “Consumer credit” defined. “Consumer credit” means a loan made to a natural person to finance the purchase of goods that directly satisfy human wants or to defray personal or family expenses, not including: 1. A residential mortgage; or 2. A loan procured in the cour…

NRS 604A.038 “Covered service member” defined. “Covered service member” means a member of the Armed Forces of the United States who is: 1. On active duty under a call or order to deploy with a military unit, or as an individual in support of a military operation, for a period of …

NRS 604A.040 “Customer” defined. “Customer” means any person who receives or attempts to receive check-cashing services, deferred deposit loan services, high-interest loan services or title loan services from another person. (Added to NRS by 2005, 1684; A 2007, 932)

NRS 604A.045 “Default” defined. 1. “Default” means the failure of a customer to: (a) Make a scheduled payment on a loan on or before the due date for the payment under the terms of a lawful loan agreement that complies with the provisions of NRS 604A.501, subsection 2 of NRS 604A…

NRS 604A.050 “Deferred deposit loan” defined. “Deferred deposit loan” means a transaction in which, pursuant to a loan agreement: 1. A customer tenders to another person: (a) A personal check drawn upon the account of the customer; or (b) Written authorization for an electronic t…

NRS 604A.055 “Deferred deposit loan service” defined. “Deferred deposit loan service” means any person engaged in the business of making deferred deposit loans for a fee, service charge or other consideration. (Added to NRS by 2005, 1684)

NRS 604A.057 “Dependent” defined. “Dependent” means: 1. The spouse of a covered service member; 2. A child of a covered service member who: (a) Is less than 21 years of age; (b) Is less than 23 years of age and is enrolled in a full-time course of study at an institution of highe…

NRS 604A.060 “Electronic transfer of money” defined. “Electronic transfer of money” means any transfer of money, other than a transaction initiated by a check or other similar instrument, that is initiated through an electronic terminal, telephone, computer or magnetic tape for t…

NRS 604A.065 “Extension” defined. 1. “Extension” means any extension or rollover of a loan beyond the date on which the loan is required to be paid in full under the original terms of the loan agreement, regardless of the name given to the extension or rollover. 2. The term does …

NRS 604A.070 “Grace period” defined. 1. “Grace period” means any period of deferment offered gratuitously by a licensee to a customer if the licensee complies with the provisions of NRS 604A.210. 2. The term does not include an extension of a loan that complies with the provision…

NRS 604A.0703 “High-interest loan” defined. 1. “High-interest loan” means a loan made to a customer pursuant to a loan agreement which, under its original terms, charges an annual percentage rate of more than 40 percent. 2. The term includes, without limitation, any single-paymen…

NRS 604A.0705 “High-interest loan service” defined. “High-interest loan service” means any person engaged in the business of providing high-interest loans for a fee, service charge or other consideration. (Added to NRS by 2007, 930)

NRS 604A.075 “Licensee” defined. “Licensee” means any person who has been issued one or more licenses to operate a check-cashing service, deferred deposit loan service, high-interest loan service or title loan service pursuant to the provisions of this chapter. (Added to NRS by 2…

NRS 604A.080 “Loan” defined. “Loan” means any deferred deposit loan, high-interest loan or title loan, or any extension or repayment plan relating to such a loan, made at any location or through any method, including, without limitation, at a kiosk, through the Internet, through …

NRS 604A.083 “Nationwide Multistate Licensing System and Registry” or “Registry” defined. “Nationwide Multistate Licensing System and Registry” or “Registry” means a multistate licensing system developed by the Conference of State Bank Supervisors and the American Association of …

NRS 604A.085 “Refund anticipation loan” defined. “Refund anticipation loan” means a loan offered or made to a taxpayer by a lender or through a facilitator based on the taxpayer’s anticipated federal income tax refund. (Added to NRS by 2005, 1685)

NRS 604A.090 “Regulation Z” defined. “Regulation Z” means the federal regulations, as amended, 12 C.F.R. Part 226, adopted pursuant to the Truth in Lending Act and commonly known as Regulation Z. (Added to NRS by 2005, 1685)

NRS 604A.105 “Title loan” defined. 1. “Title loan” means a loan made to a customer pursuant to a loan agreement which, under its original terms: (a) Charges an annual percentage rate of more than 35 percent; and (b) Requires the customer to secure the loan by either: (1) Giving p…

NRS 604A.110 “Title loan service” defined. “Title loan service” means any person engaged in the business of providing title loans for a fee, service charge or other consideration. (Added to NRS by 2005, 1686)

NRS 604A.115 “Title to a vehicle” or “title” defined. “Title to a vehicle” or “title” means a certificate of title or ownership issued pursuant to the laws of this State that identifies the legal owner of a vehicle or any similar document issued pursuant to the laws of another ju…

NRS 604A.120 “Truth in Lending Act” defined. “Truth in Lending Act” means the federal Truth in Lending Act, as amended, 15 U.S.C. §§ 1601 et seq. (Added to NRS by 2005, 1686)

NRS 604A.125 “Vehicle” defined. 1. “Vehicle” means any vehicle, whether or not self-propelled, that is designed or intended for land transportation if the legal owner of the vehicle is required to have a title. 2. The term includes, without limitation: (a) Passenger vehicles; (b)…

NRS 604A.150 Additional terms defined under federal law; calculation of amount financed, annual percentage rate and finance charge. 1. As used in this chapter, unless the context otherwise requires, the following terms have the meanings ascribed to them in the Truth in Lending Ac…

NRS 604A.200 Application of chapter to persons who seek to evade its provisions. The provisions of this chapter apply to any person who seeks to evade its application by any device, subterfuge or pretense, including, without limitation: 1. Calling a loan by any other name; 2. Usi…

NRS 604A.210 Chapter does not prohibit licensee from offering customer grace period; restrictions. 1. The provisions of this chapter do not prohibit a licensee from offering a customer a grace period on the repayment of a loan or an extension of a loan, except that the licensee s…

NRS 604A.220 Uniformity of application and construction; resolution of conflicts. 1. The provisions of this chapter must be interpreted so as to effectuate their general purpose to provide for, to the extent practicable, uniform regulation of the loans and transactions that are s…

NRS 604A.230 Effect of amendment or repeal of chapter on preexisting lawful contracts. This chapter or any part thereof may be modified, amended or repealed by the Legislature so as to effect a cancellation or alteration of any license or right of a licensee under this chapter, p…

NRS 604A.240 Collection of loans made outside State. Any loan lawfully made outside this State as permitted by the laws of the state in which the loan was made may be collected or otherwise enforced in this State in accordance with its terms. (Added to NRS by 2005, 1687)

NRS 604A.250 Exemptions from chapter. [Effective through December 31, 2029.] The provisions of this chapter do not apply to: 1. Except as otherwise provided in NRS 604A.200, a person doing business pursuant to the authority of any law of this State or of the United States relatin…

NRS 604A.260 Applicability of provisions of chapter governing enforcement or collection of obligations originated under chapter. All provisions of this chapter governing enforcement or collection of an obligation originated under this chapter apply to: 1. Any purchaser or assigne…

NRS 604A.300 Regulations. 1. The Commissioner may establish by regulation the fees that a licensee who provides check-cashing services may impose for cashing checks. 2. The Commissioner shall adopt: (a) Regulations to administer, carry out and enforce the provisions of NRS 604A.5…

NRS 604A.303 Commissioner required to implement and maintain database of certain information related to deferred deposit loans, title loans and high-interest loans; fee; confidentiality; regulations. 1. The Commissioner shall, by contract with a vendor or service provider or othe…

NRS 604A.305 Authority to inform public of certain information relating to licensees offering services through Internet website. 1. To the extent of available funding, the Department of Business and Industry and the Bureau of Consumer Protection in the Office of the Attorney Gene…

NRS 604A.310 Certain relationships between officers and employees of Division of Financial Institutions and licensees prohibited; duty to terminate prohibited relationships. 1. Except as otherwise provided in subsection 3, an officer or employee of the Division of Financial Insti…

NRS 604A.315 Commissioner required to investigate alleged violations of chapter. If the Commissioner receives information from a registered agent pursuant to NRS 77.410 which indicates that a person may be violating the provisions of this chapter, the Commissioner shall investiga…

NRS 604A.400 Operation of check-cashing service, deferred deposit loan service, high-interest loan service or title loan service without license prohibited; operation of deferred deposit loan service or high-interest loan service through automated loan machine prohibited; crimina…

NRS 604A.405 Required notices and disclosures; regulations. 1. A licensee shall post in a conspicuous place in every location at which the licensee conducts business under his or her license: (a) A notice that states the fees the licensee charges for providing check-cashing servi…

NRS 604A.409 Duties of licensee to safeguard customer information. 1. A licensee shall comply with the requirements set forth in 16 C.F.R. Part 314. 2. In addition to complying with the requirements set forth in 16 C.F.R. Part 314, a licensee shall: (a) Maintain the information s…

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 …

NRS 604A.5011 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 deferred deposit loan service shall not make a deferred deposit loan pursuant to this chapt…

NRS 604A.5012 Written loan agreement required; contents. 1. Before making a deferred deposit loan to a customer, a licensee who operates a deferred deposit loan service shall provide to the customer a written loan agreement which may be kept by the customer and which must be writ…

NRS 604A.5014 Requirements for collection of defaulted loan; civil action to collect debt; venue. 1. If a customer defaults on a deferred deposit loan, the licensee who operates a deferred deposit loan service may collect the debt owed to the licensee only in a professional, fair…

NRS 604A.5015 Practices regarding customers who are members of military. Notwithstanding any other provision of law: 1. If a customer who receives or attempts to receive deferred deposit loan services is a member of the military, a licensee who operates a deferred deposit loan se…

NRS 604A.5016 Provision of information and materials concerning public assistance and services. A person who operates a deferred deposit loan service may, in consultation with the Department of Human Services, distribute in a location at which the person conducts business under h…