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2021 Nevada Revised Statutes
Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services
NRS 604A.501 - Limitations on original term.
Universal Citation: NV Rev Stat § 604A.501 (2021)
1. Except as otherwise provided in this chapter, the original term of a deferred deposit loan must not exceed 35 days.
2. Notwithstanding the provisions of NRS 604A.5029, a licensee who operates a deferred deposit loan service shall not agree to establish or extend the period for the repayment, renewal, refinancing or consolidation of an outstanding deferred deposit loan for a period that exceeds 90 days after the date of origination of the loan.
(Added to NRS by 2007, 931; A 2017, 1440) — (Substituted in revision for part of NRS 604A.408)
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