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NRS 677.780

Loans may be made to any person; exceptions; property situated outside of State

Known as the Nevada Thrift Companies Act

The act spans §§ 677–677 (106 sections).

(Added to NRS by 1975, 1843; A 1985, 2209)

1. Except as provided in NRS 677.770 and 677.790, a licensee may make loans to any person, secured by real or personal property, without regard to the location or nature of the security.

2. Any loan made on property situated outside this state which is lawful under the laws of the state in which the property is situated may be collected or otherwise enforced in this state in accordance with its terms.

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