Nevada Revised Statutes
Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services
NRS 604A.5045 - Limitation regarding amount of loan.


1. A licensee who operates a high-interest loan service shall not make a high-interest loan which, under the terms of the loan agreement and in combination with any other outstanding loan of the customer, requires any monthly payment that exceeds 25 percent of the expected gross monthly income of the customer.
2. A licensee who operates a high-interest loan service is not in violation of the provisions of this section if:
(a) The customer presents evidence of his or her gross monthly income to the licensee and represents to the licensee in writing that the monthly payment required under the terms of the loan agreement for the high-interest loan does not exceed 25 percent of the customer’s expected gross monthly income; and
(b) The licensee has utilized the database established pursuant to NRS 604A.303 to ensure that the terms of the high-interest loan, in combination with any other outstanding loan of the customer, do not require any monthly payment that exceeds 25 percent of the customer’s expected gross monthly income when the loan is made.
(Added to NRS by 2005, 1690; A 2007, 936; 2019, 944)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services

NRS 604A.010 - Definitions.

NRS 604A.015 - "Automated loan machine" defined.

NRS 604A.020 - Cashing" defined.

NRS 604A.025 - "Check" defined.

NRS 604A.030 - "Check-cashing service" defined.

NRS 604A.035 - Commissioner" defined.

NRS 604A.036 - "Consumer credit" defined.

NRS 604A.038 - "Covered service member" defined.

NRS 604A.040 - Customer" defined.

NRS 604A.045 - "Default" defined.

NRS 604A.050 - "Deferred deposit loan" defined.

NRS 604A.055 - "Deferred deposit loan service" defined.

NRS 604A.057 - "Dependent" defined.

NRS 604A.060 - "Electronic transfer of money" defined.

NRS 604A.065 - "Extension" defined.

NRS 604A.070 - "Grace period" defined.

NRS 604A.0703 - "High-interest loan" defined.

NRS 604A.0705 - "High-interest loan service" defined.

NRS 604A.075 - "Licensee" defined.

NRS 604A.080 - "Loan" defined.

NRS 604A.083 - "Nationwide Multistate Licensing System and Registry" or "Registry" defined. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the N...

NRS 604A.085 - "Refund anticipation loan" defined.

NRS 604A.090 - "Regulation Z" defined.

NRS 604A.105 - "Title loan" defined.

NRS 604A.110 - "Title loan service" defined.

NRS 604A.115 - "Title to a vehicle" or "title" defined.

NRS 604A.120 - "Truth in Lending Act" defined.

NRS 604A.125 - "Vehicle" defined.

NRS 604A.150 - Additional terms defined under federal law; calculation of amount financed, annual percentage rate and finance charge.

NRS 604A.200 - Application of chapter to persons who seek to evade its provisions.

NRS 604A.210 - Chapter does not prohibit licensee from offering customer grace period; restrictions.

NRS 604A.220 - Uniformity of application and construction; resolution of conflicts.

NRS 604A.230 - Effect of amendment or repeal of chapter on preexisting lawful contracts.

NRS 604A.240 - Collection of loans made outside State.

NRS 604A.250 - Exemptions from chapter.

NRS 604A.260 - Applicability of provisions of chapter governing enforcement or collection of obligations originated under chapter.

NRS 604A.300 - Regulations.

NRS 604A.303 - Commissioner required to implement and maintain database of certain information related to deferred deposit loans, title loans and high-interest loans; fee; confidentiality; regulations.

NRS 604A.305 - Authority to inform public of certain information relating to licensees offering services through Internet website.

NRS 604A.310 - Certain relationships between officers and employees of Division of Financial Institutions and licensees prohibited; duty to terminate prohibited relationships.

NRS 604A.315 - Commissioner required to investigate alleged violations of chapter.

NRS 604A.400 - Operation 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...

NRS 604A.405 - Required notices and disclosures; regulations.

NRS 604A.501 - Limitations on original term.

NRS 604A.5011 - Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan.

NRS 604A.5012 - Written loan agreement required; contents.

NRS 604A.5014 - Requirements for collection of defaulted loan; civil action to collect debt; venue.

NRS 604A.5015 - Practices regarding customers who are members of military.

NRS 604A.5016 - Provision of information and materials concerning public assistance and services.

NRS 604A.5017 - Limitation regarding amount of loan.

NRS 604A.5018 - Prohibited acts by licensee regarding multiple loans to same customer.

NRS 604A.502 - Prohibited 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 pa...

NRS 604A.5021 - Prohibited 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 requireme...

NRS 604A.5023 - Rescission of loan by customer.

NRS 604A.5024 - Payment of loan in full.

NRS 604A.5025 - Partial payment on loan.

NRS 604A.5026 - Extended payment plan: Customer eligibility; requirements; restrictions; default.

NRS 604A.5027 - Repayment plan.

NRS 604A.5029 - Limitations on using proceeds of new deferred deposit loan or high-interest loan to pay balance of outstanding deferred deposit loan; exceptions.

NRS 604A.503 - Limitations on amounts licensee may collect after default.

NRS 604A.5031 - Limitations 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.

NRS 604A.5033 - Receipt required for each payment by customer; contents.

NRS 604A.5034 - Requirements regarding person acting as agent or assisting in making loan.

NRS 604A.570 - Required disclosures.

NRS 604A.571 - Prohibited fees.

NRS 604A.572 - Prohibited advertisements.

NRS 604A.573 - Required notices.

NRS 604A.574 - Limitations on extended term of loans.

NRS 604A.575 - Rescission of loan by customer.

NRS 604A.576 - Collection of past due accounts; prohibited acts.

NRS 604A.577 - Reporting violations of chapter.

NRS 604A.578 - Certain licensees required to offer repayment plan.

NRS 604A.579 - Licensee offering services through Internet website required to comply with applicable laws.

NRS 604A.5035 - Determination of whether loan is high-interest loan.

NRS 604A.5037 - Limitations on original term.

NRS 604A.5038 - Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan.

NRS 604A.504 - Written loan agreement required; contents.

NRS 604A.5041 - Requirements for collection of defaulted loan; civil action to collect debt; venue.

NRS 604A.5042 - Provision of information and materials concerning public assistance and services.

NRS 604A.5043 - Practices regarding customers who are members of military.

NRS 604A.5045 - Limitation regarding amount of loan.

NRS 604A.5046 - Prohibited acts by licensee regarding multiple loans to same customer.

NRS 604A.5048 - Prohibited 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 p...

NRS 604A.5049 - Prohibited 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 requireme...

NRS 604A.505 - Rescission of loan by customer.

NRS 604A.5052 - Payment of loan in full.

NRS 604A.5053 - Partial payment on loan.

NRS 604A.5055 - Repayment plan.

NRS 604A.5057 - Limitations on using proceeds of new deferred deposit loan or high-interest loan to pay balance of outstanding high-interest loan; exceptions.

NRS 604A.5058 - Limitations on amounts licensee may collect after default.

NRS 604A.506 - Limitations on fees licensees may charge after default on installment payments.

NRS 604A.5061 - Limitations 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.

NRS 604A.5063 - Receipt required for each payment by customer; contents.

NRS 604A.5064 - Requirements regarding person acting as agent or assisting in making loan.

NRS 604A.580 - Required disclosures.

NRS 604A.581 - Prohibited fees.

NRS 604A.582 - Prohibited advertisements.

NRS 604A.583 - Required notices.

NRS 604A.584 - Limitations on extended term of loans.

NRS 604A.585 - Rescission of loan by customer.

NRS 604A.586 - Collection of past due accounts; prohibited acts.

NRS 604A.587 - Reporting violations of chapter.

NRS 604A.588 - Certain licensees required to offer repayment plan.

NRS 604A.589 - Licensee offering services through Internet website required to comply with applicable laws.

NRS 604A.5065 - Licensee required to make determination of ability of customer to repay loan and compliance of loan with certain requirements before making loan.

NRS 604A.5067 - Written loan agreement required; contents.

NRS 604A.5068 - Requirements for collection of defaulted loan; civil action to collect debt; venue.

NRS 604A.507 - Practices regarding customers who are members of military.

NRS 604A.50705 - Provision of information and materials concerning public assistance and services.

NRS 604A.5071 - Prohibited 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 compl...

NRS 604A.5072 - Prohibited 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 requireme...

NRS 604A.5074 - Restrictions on duration of loan and periods of extension.

NRS 604A.5076 - Prohibited acts by licensee regarding amount of loan, ownership of vehicle and customer’s ability to repay loan.

NRS 604A.5078 - Applicability of Uniform Commercial Code; repossession of vehicle; civil action.

NRS 604A.5079 - Rescission of loan by customer.

NRS 604A.508 - Payment of loan in full.

NRS 604A.5081 - Partial payment on loan.

NRS 604A.5083 - Repayment plan.

NRS 604A.5085 - Limitations on amounts licensee may collect after default.

NRS 604A.5086 - Limitations 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.

NRS 604A.5088 - Receipt required for each payment by customer; contents.

NRS 604A.5089 - Requirements regarding person acting as agent or assisting in making loan.

NRS 604A.590 - Required disclosures.

NRS 604A.591 - Prohibited fees.

NRS 604A.592 - Prohibited advertisements.

NRS 604A.593 - Required notices.

NRS 604A.594 - Rescission of loan by customer.

NRS 604A.595 - Collection of past due accounts; prohibited acts.

NRS 604A.596 - Reporting violations of chapter.

NRS 604A.597 - Certain licensees required to offer repayment plan.

NRS 604A.598 - Licensee offering services through Internet website required to comply with applicable laws.

NRS 604A.509 - Practices regarding customers who are members of military.

NRS 604A.5092 - Prohibited acts by licensee: Improper practices; deceptive trade practices; using agent, affiliate or subsidiary to avoid requirements or prohibitions of chapter.

NRS 604A.5094 - Limitations 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.

NRS 604A.510 - Short title.

NRS 604A.515 - Applicability.

NRS 604A.5983 - Prohibited annual percentage rates.

NRS 604A.5985 - Required disclosures.

NRS 604A.5987 - Prohibited terms of consumer credit to covered service member.

NRS 604A.600 - Application for license.

NRS 604A.605 - Additional materials to be submitted with application; grounds for denial of license. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Burea...

NRS 604A.610 - Surety bond.

NRS 604A.615 - Deposit of securities in lieu of surety bond.

NRS 604A.620 - Application for license for office or other place of business located outside State.

NRS 604A.625 - Investigation of applicant; notice; hearing; order.

NRS 604A.630 - Procedure upon denial of license.

NRS 604A.635 - Issuance of license; display of license; issuance of additional licenses for branch locations; contents of license; license not transferable or assignable.

NRS 604A.640 - Expiration, renewal and reinstatement of license; fees. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multista...

NRS 604A.645 - Change of control of licensee: Notice; application to Commissioner.

NRS 604A.650 - Licensee must conduct business in accordance with license; approval of business name; prohibition against using misleading or confusing business name or printed forms.

NRS 604A.655 - Restrictions on location where licensee may conduct business; requirements to conduct business at same location as mortgage company or pawnbroker.

NRS 604A.660 - Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice.

NRS 604A.665 - Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not affect authority of Commissioner regarding licensing. [Effective on the date on which the Commissioner of Financial Inst...

NRS 604A.670 - Submission and processing of fingerprints. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing Sys...

NRS 604A.675 - Commissioner to report information to Registry; confidentiality of information provided; Commissioner authorized to enter into certain agreements and arrangements. [Effective on the date on which the Commissioner of Financial Instituti...

NRS 604A.680 - Additional materials to be submitted to Registry. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licens...

NRS 604A.685 - Licensee required to register and maintain unique identifier; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry. [Effective on the date on which the Commissioner of Fina...

NRS 604A.700 - Required books and records.

NRS 604A.710 - Investigation of businesses; examination of books and records by Commissioner.

NRS 604A.720 - Authority of Commissioner to require attendance of witnesses and production of books and records.

NRS 604A.730 - Annual examinations by Commissioner; exceptions.

NRS 604A.740 - Fees for regulatory activities; penalties for failure to pay fees.

NRS 604A.750 - Annual report by licensee; composite reports. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensi...

NRS 604A.760 - Fees for failure to submit reports.

NRS 604A.800 - Temporary suspension of license: Conditions; notice; hearing; terms of suspension.

NRS 604A.810 - Order to desist and refrain; action to enjoin violation; appointment of receiver.

NRS 604A.820 - Procedure for taking disciplinary action; authorized disciplinary action; grounds.

NRS 604A.830 - Additional grounds for disciplinary action.

NRS 604A.840 - Surrender of license by licensee; effect of surrender.

NRS 604A.850 - Preexisting contracts unaffected by revocation, suspension, expiration or surrender of license.

NRS 604A.900 - Remedies for certain willful violations.

NRS 604A.910 - Administrative fines for unlicensed activity.

NRS 604A.920 - Other remedies for unlicensed activity.

NRS 604A.930 - Civil action.

NRS 604A.940 - Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction.