{"data":{"id":"us-nv/nrs-604a.505","jurisdiction":"us-nv","citation":"NRS 604A.505","heading":"Rescission of loan by customer.","body":"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 the licensee:\n(a) A sum of money equal to the face value of the high-interest loan, less any fee charged to the customer to initiate the high-interest loan; or\n(b) The original check, if any, which the licensee gave to the customer pursuant to the high-interest loan. Upon receipt of the original check, the licensee shall refund any fee charged to the customer to initiate the high-interest loan.\n2. If a customer rescinds a high-interest loan pursuant to this section, the licensee:\n(a) Shall not charge the customer any fee for rescinding the high-interest loan; and\n(b) Upon receipt of the sum of money or check pursuant to subsection 1, shall give to the customer a receipt showing the account paid in full and a copy of the promissory note given to initiate the high-interest loan which must be stamped “void” or the receipt stamped “paid in full.”","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","High-Interest Loan Services"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-604A.html#NRS604ASec505","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:43Z","sha256":"e610270c72f940e6dc0463cfb03cb27c8647c080c64a6b7a015fb89537ece9f9","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-604a.5049","next":"us-nv/nrs-604a.5052"},"notice":"GroundRules: Original legal text. Not legal advice."}