NRS 604A.501: Limitations on original term.
Where this section sits in the code
- TITLE 52 — TRADE REGULATIONS AND PRACTICES
- CHAPTER 604A - DEFERRED DEPOSIT LOANS, HIGH-INTEREST LOANS, TITLE LOANS AND CHECK-CASHING SERVICES
- REGULATION OF BUSINESS PRACTICES
- Deferred Deposit Loan Services
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.
Collected 2026-09-03T05:51:43Z. Source file · JSON