Nevada payday and installment loans

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Sub: #1 Nevada payday and installment loans
Replied on 06-26-2011, 02:43 AM
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I hope some of you find this useful as I looked high and low for this info.

State of Nevada Department of Business and Industry financial institutions division Says and I quote.

That no business that is not licensed in the state of Nevada shall cease and desist from operating and/or engaging in deferred deposit loan service or other lending activity defined in NRS chapters 604A and 675 within the state of Nevada from ANY location in which it does not possess a license, including but not limited to the South Dakota,

It IS FURTHER ORDERED that all loan contracts made after the date of this order (March 12th 2010) from respondent's to any Nevada resident are void and respondent shall IMMEDIATELY remit to each and every customer ALL principal, interest and charges received from such contracts and cease and desist from and and all collection efforts based upon those contracts.


I am going to take this to the bank on Monday and use it to get them to reverse all of the ach debits from all of these "so-called" payday lenders.

Sub: #2
Replied on 06-26-2011, 07:41 PM
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Thank you for sharing this information in the forums! I'm sure it'll help a lot of people dealing with Nevada payday loans.




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