Section 604A.Sec. 20 - NEW1. Except as otherwise provided in section 13 of this regulation, for each payment made on a loan, the licensee shall, in real time, enter into the database the following information, without limitation:(a) The scheduled payment amount.(b) The due date of the payment.(c) The actual payment amount.(d) The date on which the payment was made.(e) The allocation of the total payment, including, without limitation, the dollar amount applied to the principal and the dollar amount applied to interest and fees.(f) The amount and date of the payment received from a customer when the loan is paid in full.2. If a customer fails to make a payment as scheduled, the licensee shall enter into the database the following information:(a) The new interest rate, if applicable.(b) Whether a repayment plan was offered.(c) Whether the customer entered into a repayment plan.(d) The duration of the grace period, if any.3. If a customer enters into a loan agreement which requires installment payments, the licensee must enter into the database the information required pursuant to subsection 1 for each installment payment.Nev. Admin. Code § 604A.Sec. 20
Added to NAC by Comm'r of Financial Institutions by R037-20A, eff. 12/29/2020