Nev. Rev. Stat. § 604A.580

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 604A.580 - Required disclosures
1. A licensee who has been issued a license to operate a high-interest loan service pursuant to this chapter shall comply with the disclosure requirements of NRS 604A.405 and the Federal Truth in Lending Act. A loan agreement between such a licensee and a customer must fully disclose the terms of the transaction, including, without limitation, the amount of any fees charged for providing high-interest loan services represented in both a dollar amount and as an annual percentage rate.
2. A licensee described in subsection 1 shall prominently disclose in the loan agreement all fees charged for providing high-interest loan services to a customer before he or she enters into the transaction process.

NRS 604A.580

(Added to NRS by 2015, 1144)-(Substituted in revision for part of NRS 604A.520)
(Added to NRS by 2015, Ch. 241, § 4) - (Substituted in revision for part of NRS 604A.520)