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NRS 604A.036

“Consumer credit” defined

Known as the Payday Lender Best Practices Act

The act spans §§ 604–604 (176 sections).

(Added to NRS by 2019, 940)

“Consumer credit” means a loan made to a natural person to finance the purchase of goods that directly satisfy human wants or to defray personal or family expenses, not including:

1. A residential mortgage; or

2. A loan procured in the course of purchasing a car or other personal property, when that loan is offered for the express purpose of financing the purchase and is secured by the car or personal property procured.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.