This chapter or any part thereof may be modified, amended or repealed by the Legislature so as to effect a cancellation or alteration of any license or right of a licensee under this chapter, provided that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful loan agreement between any licensee and any customer.
NRS 604A.230
Effect of amendment or repeal of chapter on preexisting lawful contracts
Known as the Payday Lender Best Practices Act
The act spans §§ 604–604 (176 sections).
(Added to NRS by 2005, 1687)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.