“Unpaid principal balance” means the net amount of money, credit, goods or things in action received by the borrower at the time of entering into the transaction and the decreasing balances thereof after application of each payment made on the obligation.
NRS 677.140
“Unpaid principal balance” defined
Known as the Nevada Thrift Companies Act
The act spans §§ 677–677 (106 sections).
(Added to NRS by 1975, 1830)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.