Nev. Rev. Stat. § 604A.036

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 604A.036 - "Consumer credit" defined

"Consumer credit" means a loan made to a natural person to finance the purchase of goods that directly satisfy human wants or to defray personal or family expenses, not including:

1. A residential mortgage; or

2. A loan procured in the course of purchasing a car or other personal property, when that loan is offered for the express purpose of financing the purchase and is secured by the car or personal property procured.

NRS 604A.036

Added to NRS by 2019, 940

Added by 2019, Ch. 177,§2, eff. 10/1/2019.