10-30-2009, 02:27 PM
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Nevada and rollovers
So from what I understand, rollovers in Nevada cannot exceed 60 days past the original loan date. So what does that mean for places whom I suspect are illegal and rollover and over for months? Also, if payday loans are legal in Nevada and I used an internet company that I can't find a license for, are they illegal?
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10-30-2009, 04:14 PM
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Nevada requires Internet lenders to be licensed by your state, so yeah, if you can't find a license, then they are lending to your state residents illegally. Keep in mind that some payday lenders use dba names, so their license could be under a different name.
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