Collections
Nevada Revised Statutes

Chapter 604A

Nev. Rev. Stat. ch. 604A

Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services

604A.010Definitions 604A.015“Automated loan machine” defined 604A.020Cashing” defined 604A.025“Check” defined 604A.030“Check-cashing service” defined 604A.035Commissioner” defined 604A.036“Consumer credit” defined 604A.038“Covered service member” defined 604A.040Customer” defined 604A.045“Default” defined 604A.050“Deferred deposit loan” defined 604A.055“Deferred deposit loan service” defined 604A.057“Dependent” defined 604A.060“Electronic transfer of money” defined 604A.065“Extension” defined 604A.070“Grace period” defined 604A.0703“High-interest loan” defined 604A.0705“High-interest loan service” defined 604A.075“Licensee” defined 604A.080“Loan” defined 604A.083“Nationwide Multistate Licensing System and Registry” or “Registry” defined 604A.085“Refund anticipation loan” defined 604A.090“Regulation Z” defined 604A.105“Title loan” defined 604A.110“Title loan service” defined 604A.115“Title to a vehicle” or “title” defined 604A.120“Truth in Lending Act” defined 604A.125“Vehicle” defined 604A.150Additional terms defined under federal law; calculation of amount financed, annual percentage rate and finance charge 604A.200Application of chapter to persons who seek to evade its provisions 604A.210Chapter does not prohibit licensee from offering customer grace period; restrictions 604A.220Uniformity of application and construction; resolution of conflicts 604A.230Effect of amendment or repeal of chapter on preexisting lawful contracts 604A.240Collection of loans made outside State 604A.250Exemptions from chapter 604A.250Exemptions from chapter 604A.260Applicability of provisions of chapter governing enforcement or collection of obligations originated under chapter 604A.300Regulations 604A.303Commissioner required to implement and maintain database of certain information related to deferred deposit loans, title loans and high-interest loans; fee; confidentiality; regulations 604A.305Authority to inform public of certain information relating to licensees offering services through Internet website 604A.310Certain relationships between officers and employees of Division of Financial Institutions and licensees prohibited; duty to terminate prohibited relationships 604A.315Commissioner required to investigate alleged violations of chapter 604A.400Operation of check-cashing service, deferred deposit loan service, high-interest loan service or title loan service without license prohibited; operation of deferred deposit loan service or high-interest loan service through automated loan machine prohibited; criminal penalties 604A.405Required notices and disclosures; regulations 604A.409Duties of licensee to safeguard customer information 604A.501Limitations on original term 604A.5011Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan 604A.5012Written loan agreement required; contents 604A.5014Requirements for collection of defaulted loan; civil action to collect debt; venue 604A.5015Practices regarding customers who are members of military 604A.5016Provision of information and materials concerning public assistance and services 604A.5017Limitation regarding amount of loan 604A.5018Prohibited acts by licensee regarding multiple loans to same customer 604A.502Prohibited acts by licensee: Accepting collateral or other types of security; failing to make certain disclosures; taking incomplete instruments; requiring the purchase of insurance or other goods or services; failing to comply with payment plan; charging fee to cash certain checks 604A.5021Prohibited acts by licensee: Improper lending and collection practices; deceptive trade practices; false, misleading and deceptive advertising; reinitiating certain transactions; using agent, affiliate or subsidiary to avoid requirements or prohibitions of chapter 604A.5023Rescission of loan by customer 604A.5024Payment of loan in full 604A.5025Partial payment on loan 604A.5026Extended payment plan: Customer eligibility; requirements; restrictions; default 604A.5027Repayment plan 604A.5029Limitations on using proceeds of new deferred deposit loan or high-interest loan to pay balance of outstanding deferred deposit loan; exceptions 604A.503Limitations on amounts licensee may collect after default 604A.5031Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution 604A.5033Receipt required for each payment by customer; contents 604A.5034Requirements regarding person acting as agent or assisting in making loan 604A.5035Determination of whether loan is high-interest loan 604A.5037Limitations on original term 604A.5038Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan 604A.504Written loan agreement required; contents 604A.5041Requirements for collection of defaulted loan; civil action to collect debt; venue 604A.5042Provision of information and materials concerning public assistance and services 604A.5043Practices regarding customers who are members of military 604A.5045Limitation regarding amount of loan 604A.5046Prohibited acts by licensee regarding multiple loans to same customer 604A.5048Prohibited acts by licensee: Accepting collateral or other types of security; failing to make certain disclosures; taking incomplete instruments; requiring the purchase of insurance or other goods or services; failing to comply with payment plan; charging fee to cash certain checks 604A.5049Prohibited acts by licensee: Improper lending and collection practices; deceptive trade practices; false, misleading and deceptive advertising; reinitiating certain transactions; using agent, affiliate or subsidiary to avoid requirements or prohibitions of chapter 604A.505Rescission of loan by customer 604A.5052Payment of loan in full 604A.5053Partial payment on loan 604A.5055Repayment plan 604A.5057Limitations on using proceeds of new deferred deposit loan or high-interest loan to pay balance of outstanding high-interest loan; exceptions 604A.5058Limitations on amounts licensee may collect after default 604A.506Limitations on fees licensees may charge after default on installment payments 604A.5061Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution 604A.5063Receipt required for each payment by customer; contents 604A.5064Requirements regarding person acting as agent or assisting in making loan 604A.5065Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan 604A.5067Written loan agreement required; contents 604A.5068Requirements for collection of defaulted loan; civil action to collect debt; venue 604A.507Practices regarding customers who are members of military 604A.50705Provision of information and materials concerning public assistance and services 604A.5071Prohibited acts by licensee: Accepting certain collateral or other types of security; failing to make certain disclosures; taking incomplete instruments; requiring the purchase of insurance or other goods or services; failing to comply with payment plan; charging fee to cash certain checks 604A.5072Prohibited acts by licensee: Improper lending and collection practices; deceptive trade practices; false, misleading and deceptive advertising; reinitiating certain transactions; using agent, affiliate or subsidiary to avoid requirements or prohibitions of chapter 604A.5074Restrictions on duration of loan and periods of extension 604A.5076Prohibited acts by licensee regarding amount of loan, ownership of vehicle and customer’s ability to repay loan 604A.5078Applicability of Uniform Commercial Code; repossession of vehicle; civil action 604A.5079Rescission of loan by customer 604A.508Payment of loan in full 604A.5081Partial payment on loan 604A.5083Repayment plan 604A.5085Limitations on amounts licensee may collect after default 604A.5086Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution 604A.5088Receipt required for each payment by customer; contents 604A.5089Requirements regarding person acting as agent or assisting in making loan 604A.509Practices regarding customers who are members of military 604A.5092Prohibited acts by licensee: Improper practices; deceptive trade practices; using agent, affiliate or subsidiary to avoid requirements or prohibitions of chapter 604A.5094Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution 604A.510Short title 604A.515Applicability 604A.570Required disclosures 604A.571Prohibited fees 604A.572Prohibited advertisements 604A.573Required notices 604A.574Limitations on extended term of loans 604A.575Rescission of loan by customer 604A.576Collection of past due accounts; prohibited acts 604A.577Reporting violations of chapter 604A.578Certain licensees required to offer repayment plan 604A.579Licensee offering services through Internet website required to comply with applicable laws 604A.580Required disclosures 604A.581Prohibited fees 604A.582Prohibited advertisements 604A.583Required notices 604A.584Limitations on extended term of loans 604A.585Rescission of loan by customer 604A.586Collection of past due accounts; prohibited acts 604A.587Reporting violations of chapter 604A.588Certain licensees required to offer repayment plan 604A.589Licensee offering services through Internet website required to comply with applicable laws 604A.590Required disclosures 604A.591Prohibited fees 604A.592Prohibited advertisements 604A.593Required notices 604A.594Rescission of loan by customer 604A.595Collection of past due accounts; prohibited acts 604A.596Reporting violations of chapter 604A.597Certain licensees required to offer repayment plan 604A.598Licensee offering services through Internet website required to comply with applicable laws 604A.5983Prohibited annual percentage rates 604A.5985Required disclosures 604A.5987Prohibited terms of consumer credit to covered service member 604A.600Application for license 604A.605Additional materials to be submitted with application; grounds for denial of license 604A.610Surety bond 604A.615Deposit of securities in lieu of surety bond 604A.620Application for license for office or other place of business located outside State 604A.625Investigation of applicant; notice; hearing; order 604A.630Procedure upon denial of license 604A.635Issuance of license; display of license; issuance of additional licenses for branch locations; contents of license; license not transferable or assignable 604A.640Expiration, renewal and reinstatement of license; fees 604A.645Change of control of licensee: Notice; application to Commissioner 604A.650Licensee must conduct business in accordance with license; approval of business name; prohibition against using misleading or confusing business name or printed forms 604A.655Restrictions on location where licensee may conduct business; requirements to conduct business at same location as mortgage company or pawnbroker 604A.660Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice 604A.665Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not affect authority of Commissioner regarding licensing 604A.670Submission and processing of fingerprints 604A.675Commissioner to report information to Registry; confidentiality of information provided; Commissioner authorized to enter into certain agreements and arrangements 604A.680Additional materials to be submitted to Registry 604A.685Licensee required to register and maintain unique identifier; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry 604A.700Required books and records 604A.710Investigation of businesses; examination of books and records by Commissioner 604A.720Authority of Commissioner to require attendance of witnesses and production of books and records 604A.730Annual examinations by Commissioner; exceptions 604A.740Fees for regulatory activities; penalties for failure to pay fees 604A.750Annual report by licensee; composite reports; Commissioner may require additional reports 604A.760Fees for failure to submit reports 604A.800Temporary suspension of license: Conditions; notice; hearing; terms of suspension 604A.810Order to desist and refrain; action to enjoin violation; appointment of receiver 604A.820Procedure for taking disciplinary action; authorized disciplinary action; grounds 604A.830Additional grounds for disciplinary action 604A.840Surrender of license by licensee; effect of surrender 604A.850Preexisting contracts unaffected by revocation, suspension, expiration or surrender of license 604A.900Remedies for certain willful violations 604A.910Administrative fines for unlicensed activity 604A.920Other remedies for unlicensed activity 604A.930Civil action 604A.940Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction