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.487. Limitations on fees licensees may charge after default on installment payments.
Latest version.
- In addition to the amounts authorized to be collected pursuant to NRS 604A.485, a licensee who makes a high-interest loan in accordance with the provisions of subsection 2 of NRS 604A.480 may charge a fee of not more than $15, payable on a one-time basis, for any installment payment that remains unpaid 10 days or more after the date of default.
(Added to NRS by 2013, 1516)