Nevada and rollovers
Date: Fri, 10/30/2009 - 14:27
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?
Nevada requires Internet lenders to be licensed by your state, s
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.
