Nev. Rev. Stat. § 604A.501

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 604A.501 - Limitations on original term
1. Except as otherwise provided in this chapter, the original term of a deferred deposit loan must not exceed 35 days.
2. Notwithstanding the provisions of NRS 604A.5029, a licensee who operates a deferred deposit loan service shall not agree to establish or extend the period for the repayment, renewal, refinancing or consolidation of an outstanding deferred deposit loan for a period that exceeds 90 days after the date of origination of the loan.

NRS 604A.501

(Added to NRS by 2007, 931; A 2017, 1440)-(Substituted in revision for part of NRS 604A.408)
(Added to NRS by 2007, 931; A 2017, 1440) - (Substituted in revision for part of NRS 604A.408 )