Section 675.035 - Applicability of chapter The provisions of this chapter apply to any person who:
1. Makes installment loans that are not subject to regulation pursuant to chapter 604A of NRS;2. Is an affiliate, subsidiary or holding company of a bank, national banking association, savings bank, trust company, savings and loan association, credit union, mortgage company, mortgage servicer as that term is defined in NRS 645F.063, thrift company or insurance company; and3. Seeks to evade its application by any device, subterfuge or pretense, including, without limitation:(a) Calling a loan by any other name;(b) Using any agents, affiliates or subsidiaries in an attempt to avoid the application of the provisions of this chapter; or(c) Having any affiliation or other business arrangement with an entity that is exempt from the provisions of this chapter pursuant to subsection 1 of NRS 675.040, the effect of which is to evade the provisions of this chapter, including, without limitation, making a loan while purporting to be the agent of such an exempt entity where the purported agent holds, acquires or maintains a material economic interest in the revenues generated by the loan.Added to NRS by 2007, 945; A 2007, 1967; 2013, 1250; 2015, 2812; 2017, 3103Amended by 2017, Ch. 486,§105, eff. 1/1/2020.Amended by 2015, Ch. 477,§100, eff. 1/1/2016.Amended by 2013, Ch. 276,§4, eff. 5/29/2013.Added to NRS by 2007, 945; A 2007, 1967