Section 604A.Sec. 19 - NEWExcept as otherwise provided in section 13 of this regulation, a licensee who makes a title loan shall, in real time, enter into the database the following information:
1. Verification that the customer is the legal owner of the vehicle which secures the loan.2. Whether the customer is a covered service member.3. Whether the customer is a dependent of a covered service member.4. The origination date of the loan.6. The principal amount of the loan.7. The total finance charge associated with the loan.8. The fee charged for the loan.9. The due date of the loan.10. The annual percentage rate of the loan.11. The scheduled payment amount.12. The payment details as required by section 20.13. The year, make, model and vehicle identification number of the vehicle which secures the loan.14. The fair market value of the vehicle as valued by a third-party vendor.15. If applicable: (a) The name of the legal co-owner of the vehicle; and(b) The consent of the legal co-owner of the vehicle for the vehicle to serve as security for the loan.Nev. Admin. Code § 604A.Sec. 19
Added to NAC by Comm'r of Financial Institutions by R037-20A, eff. 12/29/2020