Need Help

When I filed my complaint with the Delaware banking the lady told me they were legal in Delaware but my contract had loopholes in it because they put that they didn't charge me a fee so re-read your contract. Your state laws should always prevail. Check into your state laws at the begining of this page and then file complaints accordingly!

Yes i live in Las Vegas...was wondering if they are legal in state of Nevada. But i will look into what you replied with.

You can get information from the Nevada Financial Institutions Division in order to know whether or not pdl companies are licensed to operate in your state. If you find that they are licensed, then you will have to pay both the principal and interest. Otherwise, you are required to pay only the principal amount. If you have already paid more than the principal amount to the illegal payday lenders, then ask them for the refund.

Hi,

You can find out whether payday loans are legal in Nevada from the Office of the Attorney General too. . Also you should check out whether Eastside Lenders themselves are registered in Nevada. At times all payday loan companies are not legal in all states. You just have to pay the principal amount of $200 if payday loans are illegal in Nevada or the company is unregistered. Otherwise, you have to pay the full interest amount.

Nevada payday loan laws...

Nevada Payday Loan Laws

State Legal Status
Lending of payday loan is considered legal in the State of Nevada.

Loan Specifications

• Maximun Amount of Loan - 25% of monthly gross income (expected)
  
• Term of Loan - Maximum 60 days
  
• Maximum Rate of Finance and Fees- Not Specified (After default: Rate of interest needs to be less than or equal to the prime rate of the largest bank of Nevada + 10%)
  
• Finance Charge on $100 loan for a 14 day period - No limit
  
• APR for $100 loan for a 14 day period - No limit
  

• Maximum Number of outstanding loans permitted at a time - Not specified
  
• Permissible number of Rollovers - Not specified (After the initial loan period expires, extension of the payment period beyond 60 days are not permitted)
  
• Repayment Plan - Yes
  

• Collection Fees Amount - $25 fees for dishonored check (for insufficient fund - maximum 2 fees; for closed account - 1 fee); Court costs; Fees of reasonable attorney; Servicing of process costs
  
• Criminal Action - Prohibited (until and unless borrower has acted with criminal intent)
  

• Regulator - Nevada Financial Institutions Division
  
• Address - 2785 E. Desert Inn Rd., Suite 180 Las Vegas NV 89121
  
• Phone - (702) 486-4120
  
• Fax - (702) 486-4563
  
• Regulatory Contact - Supervisory Examiner
  

PDL's may be legal but you must check if internet PDL's are legal and if they must be registered or licensed in your state. I live in Florida and PDL's are legal but they must be licensed in Florida to operate. I too had a loan with East side and they are not legal to operate in Florida, so the Florida Office of Financial is dealing with them. I received a call from Alliance also they were very rude, but when I told them about the complaint and gave them the case number they changed their tune quickly. I have not heard from them again.