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nevada payday laws??/

Date: Wed, 04/30/2008 - 17:44

Submitted by anonymous
on Wed, 04/30/2008 - 17:44

Posts: 202330 Credits: [Donate]

Total Replies: 2


This member has posted in http://www.debtconsolidationcare.com/paydayloan/nevada-information.html

Please reply to the above mentioned url - Jason


Here ya go, good luck with the paper!

Nevada State Information

Legal Status: Legal

Citation:
Nev. Rev. Stat. 604A.010 et seq.

Loan Terms:
Maximum Loan Amount: 25% of expected gross monthly income
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified (After default: interest rate must be equal to or less than the prime rate at the largest bank in the State of Nevada plus 10 %)
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Not Specified (Lenders cannot extend payment period beyond 60 days after expiration of initial loan period)
Cooling-off Period:
Repayment Plan: Yes

Collection Limits:
Collection Fees: $25 dishonored check fee (max. two fees for insufficient funds; max. one fee for closed account) Court Costs; Reasonable Attorney's Fees; Service of process costs
Criminal Action: Prohibited (Unless customer acted with criminal intent)

Where to Complain, Get Information:
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
Regulator Website

Licensee Database


lrhall41

Submitted by Shazzers on Wed, 04/30/2008 - 19:04

( Posts: 17344 | Credits: )