Title 8

NRS 97A.165 Contents of complaint; limitations. 1. In an action brought to collect a credit card debt owed to a purchaser of credit card debt: (a) The complaint must include, without limitation: (1) The name of the issuer; (2) The last four digits of the account number originally…

NRS 97A.170 Rights of issuer or service provider; action to determine liability for unauthorized negotiable instrument used to make payment. 1. An issuer or service provider shall be deemed to be a payee with respect to any payment made on a credit card account of a cardholder by…

NRS 97A.180 Transfer of information if issuer is subsidiary. 1. If an issuer is a subsidiary directly or indirectly owned by a bank holding company as defined in 12 U.S.C. § 1841, a savings and loan holding company as defined in 12 U.S.C. § 1467a(a)(1)(D) or a holding company of …

NRS 97A.200 Prohibited acts by issuer: Increase of interest rate based upon late payment to another creditor; universal default clauses; exception. 1. An issuer shall not: (a) Increase the interest rate it charges a cardholder for the use of the card based upon the late payment b…

NRS 97A.210 Prohibited acts by issuer: Prohibiting merchant from offering certain discounts. No issuer may, by contract or otherwise, prohibit a merchant from offering a discount to a customer to induce the customer to pay by cash, check or similar means rather than by use of a c…

NRS 97B.010 Short title. This chapter may be cited as the Consumer Protection From the Accrual of Predatory Interest After Default Act. (Added to NRS by 2019, 2307)

NRS 97B.020 Purpose of chapter; construction. 1. The purpose of this chapter is to protect consumers. 2. This chapter must be construed as a consumer protections statute for all purposes. 3. This chapter must be liberally construed to effectuate its purpose. (Added to NRS by 2019…

NRS 97B.030 Definitions. As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 97B.040 to 97B.070, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2019, 2307)

NRS 97B.040 “Business” defined. “Business” means a proprietorship, corporation, partnership, association, trust, unincorporated organization or other enterprise doing business in this State. (Added to NRS by 2019, 2308)

NRS 97B.050 “Consumer” defined. “Consumer” means a natural person. (Added to NRS by 2019, 2308)

NRS 97B.060 “Consumer debt” defined. “Consumer debt” means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services which are the subject of the transaction are primarily for personal, family …

NRS 97B.070 “Consumer form contract” defined. 1. “Consumer form contract” means a retail charge agreement or a retail installment contract involving a retail installment transaction in writing between a retail seller and a consumer buyer, or a lease in writing between a lessor an…

NRS 97B.080 Prohibition against use of consumer form contract; application of chapter to persons who seek to evade its provisions. 1. A business, including, without limitation, any officer, agent, employee or representative, shall not individually or in cooperation with another, …

NRS 97B.090 Exemptions from chapter. The provisions of this chapter do not apply to: 1. A person doing business pursuant to the authority of any law of this State or of the United States relating to banks, national banking associations, savings banks, trust companies, savings and…

NRS 97B.100 Consumer form contracts: Enforceability of choice of law and forum selection provisions. If a consumer form contract is signed by the consumer or otherwise formed while the consumer resides in this State with a person operating within this State: 1. A choice of law pr…

NRS 97B.110 Consumer form contracts: Requirement for signature of consumer. 1. Any consumer form contract involving a loan, extension of credit, deposit account or other financial services must be signed by the consumer in writing or electronically in full compliance with Section…

NRS 97B.120 Consumer form contracts: Prohibition on the inclusion of certain provisions. A consumer form contract must not contain: 1. A provision that the consumer will hold the other party harmless, or that otherwise relieves the other party of liability, for any harm or damage…

NRS 97B.130 Consumer form contracts: Provisions that violate chapter void; enforceability of other provisions. A provision in a consumer form contract that violates this chapter shall be void and unenforceable. A court may refuse to enforce other provisions of the consumer form c…

NRS 97B.140 Consumer form contracts: Void if entered into with unlicensed person required to be licensed. Any consumer form contract entered into by a consumer with a person who is required to be licensed pursuant to any provision of NRS or NAC in order to enter into the consumer…

NRS 97B.150 Award of interest; prohibition against compounding interest; limitation on prejudgment interest; limitation on postjudgment interest. If the plaintiff is the prevailing party in any action to collect a consumer debt: 1. And a rate of interest is stated in the consumer…

NRS 97B.160 Award of attorney’s fees when plaintiff is prevailing party in action to collect consumer debt. 1. If the plaintiff is the prevailing party in any action to collect a consumer debt, the plaintiff is entitled to collect attorney’s fees only if the consumer form contrac…

NRS 97B.170 Award of attorney’s fees when debtor is prevailing party in action to collect consumer debt. If the debtor is the prevailing party in any action to collect a consumer debt, the debtor is entitled to an award of reasonable attorney’s fees. The amount of the debt that t…

NRS 99.010 Dollar, cent and mill to be money of account. The money of account of this state shall be the dollar, cent and mill. All the accounts in the public offices, other public accounts, and all proceedings in courts, shall be kept and had in conformity with this section. [1:…

NRS 99.020 Suits on accounts, notes or bonds expressed in other money of account: Reduction to dollars or parts of dollars. Nothing contained in NRS 99.010 shall vitiate or affect any account, charge or entry originally made, or any note, bond or other instrument, expressed in an…

NRS 99.030 Obligations, judgments or executions payable in legal money. After February 15, 1893, all official bonds and undertakings, and all obligations of debt, judgments or executions stated in terms of dollars and to be paid in money shall be payable in legal money authorized…

NRS 99.040 Interest rate when not fixed by express contract for certain types of transactions. 1. When there is no express contract in writing fixing a different rate of interest, interest must be allowed at a rate equal to the prime rate at the largest bank in Nevada, as ascerta…

NRS 99.050 Agreed interest rates; compounding; charges or fees; maximum annual percentage rate for certain consumer credit extended to certain members of military or dependents. 1. Except as otherwise provided in subsection 2, parties may agree for the payment of any rate of inte…

NRS 99.055 Prepayment of loans. When any loan is prepaid, the amount of interest earned must be computed by applying the agreed rate to the unpaid balance for each period. Any greater amount of interest which may have been precomputed and included in the balance due must be allow…

NRS 99.060 Definitions relating to public securities. 1. As applied to bonds or other securities issued by this state or any political subdivision or municipal or public corporation of this state, “effective interest rate” means the interest rate based on the actual price paid to…

NRS 99.065 Public securities: Compound interest authorized; repayment. 1. Bonds or other securities issued by this state or any of its political subdivisions may provide for the payment of compound interest. The amount of the compound interest must be treated as interest and not …

NRS 99.067 Public securities: Interest rate for securities issued on or before June 30, 2011. Notwithstanding any provision of law to the contrary, in calculating the rate of interest on any bonds or other securities that are issued by this State or any political subdivision or m…

NRS 99.070 Obligations of United States Postal Service and Federal National Mortgage Association. Notwithstanding any other provision of law, obligations issued by the United States Postal Service or the Federal National Mortgage Association, whether or not the payment of princip…

NRS 100.010 Assignment for creditors. 1. Subject to the provisions of subsection 2, in all assignments of property, whether real or personal, which shall hereafter be made by any person or chartered company or corporation, or by any person or persons, owning or leasing real or pe…

NRS 100.020 Levy of attachment or execution: Written notice; service; payment of claim; disputed claims; hearing; costs and pro rata payments. 1. In all cases of execution, attachment and writs of a similar nature against the property of any person or persons, chartered company o…

NRS 100.030 NRS 100.010 and 100.020 not to affect prior liens. Nothing contained in NRS 100.010 and 100.020 shall be construed to affect any homestead claims, mortgage or lien of any description, created and existing before the claim of such laborer accrued. [Part 1911 CPA § 552;…

NRS 100.040 Requiring resort to different funds. Where a creditor is entitled to resort to each of several funds for the satisfaction of his or her claim, and another person has an interest in, or is entitled as a creditor to resort to some, but not all, of them, the latter may r…

NRS 100.050 Order of resort to different funds. Where one has a lien upon several things, and other persons have subordinate liens upon, or interests in, some but not all of the same things, the person having the prior lien, if he or she can do so without risk of loss to himself …

NRS 100.060 Agreements between principals and sureties for joint control of assets. It is lawful for any party of whom a bond, undertaking or other obligation is required, to agree with the party’s surety or sureties for the deposit of any money and assets for which the party and…

NRS 100.065 Deposits authorized in lieu of cash payment or surety bond for protection of State; surety bond must be issued by authorized insurer; exceptions. 1. Except as otherwise provided in subsections 4 and 5, in lieu of any cash payment or surety bond required as protection …

NRS 100.075 Creditor’s rights transferable without consent of debtor. Any creditor may, without the consent of the debtor, transfer all or any part of his or her rights against the debtor to any third party. The assignee is entitled by virtue of an assignment or transfer to sue i…

NRS 100.085 Deposits in names of two or more persons; fact that account held in joint tenancy does not preclude person named on account from committing or being prosecuted for exploitation. 1. When a deposit has been made in the name of the depositor and one or more other persons…

NRS 100.091 Impound account required under loan secured by real property: Contributions; payment of obligations; annual analysis; statements; increase in contributions; disposition of excess money; civil penalty; applicability. 1. For each loan requiring the deposit of money to a…

NRS 100.095 Definitions. As used in NRS 100.095 to 100.180, inclusive: 1. “Closed-end vehicle lease” means a vehicle lease, other than an open-end vehicle lease, commonly referred to as a walk-away lease, in which the lessee is not responsible for the residual value of the leased…

NRS 100.105 Disclosures required before lease consummated. 1. Before a commercial vehicle lease is consummated, the lessor must give the lessee a dated written statement on which the lessor and lessee are identified and the following information with respect to the lease is set o…

NRS 100.115 Liability of lessor for failure to disclose. 1. Except as otherwise provided in this section, any lessor under a commercial vehicle lease who fails to comply with the requirements of NRS 100.105 with respect to any lessee is liable to the lessee for the sum of: (a) An…

NRS 100.125 Reasonableness of estimated residual value of vehicle. 1. Where the commercial vehicle lease contains an amount identified as the lessee’s liability upon expiration of the lease based on the estimated residual value of the vehicle, the estimated residual value must be…