A licensee who has been issued a license to operate a title loan service pursuant to this chapter shall provide to any customer who is unable to repay a title loan in accordance with the loan agreement between the licensee and the customer the opportunity to enter into a repayment plan pursuant to NRS 604A.5083. Such a licensee shall disclose the availability of such a repayment plan to any customer who is unable to repay a title loan.
NRS 604A.597
Certain licensees required to offer repayment plan
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.560)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.