Section 604A.Sec. 21 - NEWEach licensee shall enter into the database and maintain the status of each loan originated by that licensee, including, without limitation:
1. If the loan is in collection, whether being collected by the licensee or by a third party: (a) The date on which the loan entered into collection.(b) The payment history of the loan.2. If the loan is in default:(a) The date on which the loan entered into default.(b) The payment history of the loan.(c) And if the interest rate changed, the new rate and the date on which the rate changed.3. If the loan is in a grace period:(a) The date on which the loan entered into the grace period.(b) The payment history of the loan.4. If the loan is in a repayment plan:(a) The date on which the loan entered the repayment plan.(b) The payment history of the loan.5. If the loan is closed:(a) The date on which the loan closed.(b) The reason the loan was closed.6. If a vehicle which secured a loan was ordered to be repossessed: (a) The date on which the vehicle was ordered to be repossessed.(b) The date on which the repossession of the vehicle occurred.Nev. Admin. Code § 604A.Sec. 21
Added to NAC by Comm'r of Financial Institutions by R037-20A, eff. 12/29/2020