Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE52 TRADE REGULATIONS AND PRACTICES |
CHAPTER604A. Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services |
REGULATION OF BUSINESS PRACTICES |
NRS604A.420. Practices regarding customers who are members of military.
- Notwithstanding any other provision of law:
1. If a customer is a member of the military, a licensee shall:
(a) Honor the terms of any repayment plan between the licensee and customer, including, without limitation, any repayment plan negotiated through military counselors or third-party credit counselors.
(b) Honor any proclamation by a base commander that a certain branch location of the licensee is off-limits to members of the military and their spouses.
2. If a customer is a member of the military, a licensee shall not:
(a) Garnish or threaten to garnish any wages or salary of the customer or the customer’s spouse; or
(b) Contact or threaten to contact the military chain of command of a customer in an effort to collect the loan.
3. If a customer is a member of the military and is deployed to a combat or combat supporting position, a licensee shall not engage in any collection activity against the customer or the customer’s spouse.
4. As used in this section, “military” means the Armed Forces of the United States, a reserve component thereof or the National Guard.
(Added to NRS by 2005, 1690; A 2007, 935, 2847)