A licensee who has been issued a license to operate a deferred deposit loan service pursuant to this chapter shall not allow a customer to extend, rollover, renew, refinance or consolidate any deferred deposit loan for a period longer than the period set forth in subsection 2 of NRS 604A.501.
NRS 604A.574
Limitations on extended term of loans
Known as the Payday Lender Best Practices Act
The act spans §§ 604–604 (176 sections).
(Added to NRS by 2015, 1145)—(Substituted in revision for part of NRS 604A.540)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.