Nev. Rev. Stat. § 604A.5985

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 604A.5985 - Required disclosures
1. Before making a loan that constitutes consumer credit to a covered service member or a dependent of a covered service member, a licensee shall provide the following information to the covered service member or the dependent of a covered service member, as applicable, both orally and in writing:
(a) A statement of the annual percentage rate of interest applicable to the loan;
(b) Any disclosures required by the provisions of the Truth in Lending Act and any regulations adopted pursuant thereto; and
(c) A clear description of the payment obligations of the covered service member or dependent, as applicable.
2. A licensee shall present the disclosures required by subsection 1 in accordance with the provisions of Regulation Z.

NRS 604A.5985

Added to NRS by 2019, 941
Added by 2019, Ch. 177,§6, eff. 10/1/2019.