NRS675.035. 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 broker, mortgage banker, thrift company or insurance company; and

      3.  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)