{"data":{"id":"us-nv/nrs-604a.5026","jurisdiction":"us-nv","citation":"NRS 604A.5026","heading":"Extended payment plan: Customer eligibility; requirements; restrictions; default.","body":"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:\n(a) Has not entered into an extended payment plan for the deferred deposit loan during the immediately preceding 12-month period; and\n(b) Requests an extended repayment plan before the time the deferred deposit loan is due.\n2. An extended payment plan entered into pursuant to subsection 1 must:\n(a) Be in writing and be signed by the licensee and customer; and\n(b) Provide a payment schedule of at least four payments over a period of at least 60 days.\n3. An extended payment plan entered into pursuant to subsection 1 must not:\n(a) Increase or decrease the amount owed under the deferred deposit loan.\n(b) Include any interest or fees in addition to those charged under the terms of the deferred deposit loan.\n4. If a customer defaults under an extended payment plan entered into pursuant to this section, the licensee may terminate the extended payment plan and accelerate the requirement to pay the amount owed.","path":["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"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-604A.html#NRS604ASec5026","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:43Z","sha256":"c6543fa10b6b8d75641ac6d1ca61e4e69e26d463c78c38a18672d9dc995d2c53","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-604a.5025","next":"us-nv/nrs-604a.5027"},"notice":"GroundRules: Original legal text. Not legal advice."}