Nev. Rev. Stat. § 604A.5053

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 604A.5053 - Partial payment on loan
1. A customer may make a partial payment on a high-interest loan, or any extension thereof, at any time without an additional charge or fee.
2. If a customer makes such a partial payment, the licensee shall give to the customer a receipt with the following information:
(a) The name and address of the licensee;
(b) The identification number assigned to the loan agreement or other information that identifies the high-interest loan;
(c) The date of the payment;
(d) The amount paid;
(e) An itemization of interest, charges and fees;
(f) The balance due on the high-interest loan; and
(g) If more than one loan made by the licensee to the customer was outstanding at the time the payment was made, a statement indicating to which loan the payment was applied.

NRS 604A.5053

(Added to NRS by 2005, 1694)-(Substituted in revision for part of NRS 604A.470)
(Added to NRS by 2005, Ch. 414, § 41) - (Substituted in revision for part of NRS 604A.470)