reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.508 - Payment of loan in full.

1. A customer may pay a title loan, or any extension thereof, in full at any time, without an additional charge or fee, before the date the customer’s final payment on the title loan, or any extension thereof, is due.
2. If a customer pays the title loan in full, including all interest, charges and fees negotiated and agreed to by the licensee and customer as permitted under this chapter, the licensee shall give to the customer:
(a) The title to the vehicle given by the customer to the licensee to initiate the title loan; and
(b) A receipt with the following information:
(1) The name and address of the licensee;
(2) The identification number assigned to the loan agreement or other information that identifies the title loan;
(3) The date of the payment;
(4) The amount paid;
(5) An itemization of interest, charges and fees;
(6) A statement that the title loan is paid in full; and
(7) If more than one loan made by the licensee to the customer was outstanding at the time the payment was made, a statement indicating to which loan the payment was applied.
(Added to NRS by 2005, 1693; A 2007, 938)—(Substituted in revision for part of NRS 604A.465)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5081 - Partial payment on loan.

1. A customer may make a partial payment on a title loan, or any extension thereof, at any time without an additional charge or fee.
2. If a customer makes such a partial payment, the licensee shall give to the customer a receipt with the following information:
(a) The name and address of the licensee;
(b) The identification number assigned to the loan agreement or other information that identifies the title loan;
(c) The date of the payment;
(d) The amount paid;
(e) An itemization of interest, charges and fees;
(f) The balance due on the title loan; and
(g) If more than one loan made by the licensee to the customer was outstanding at the time the payment was made, a statement indicating to which loan the payment was applied.
(Added to NRS by 2005, 1694)—(Substituted in revision for part of NRS 604A.470)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5085 - Limitations on amounts licensee may collect after default.

1. If a customer defaults on a title loan or on any extension or repayment plan relating to the title loan, whichever is later, the licensee may collect only the following amounts from the customer, less all payments made before and after default:
(a) The unpaid principal amount of the title loan.
(b) The unpaid interest, if any, accrued before the default at the annual percentage rate set forth in the disclosure statement required by the Truth in Lending Act and Regulation Z that is provided to the customer. If there is an extension, in writing and signed by the customer, relating to the title loan, the licensee may charge and collect interest pursuant to this paragraph for a period not to exceed 60 days after the expiration of the initial loan period.
(c) The interest accrued after the expiration of the initial loan period or after any extension or repayment plan that is allowed pursuant to this chapter, whichever is later, at an annual percentage rate not to exceed the prime rate at the largest bank in Nevada, as ascertained by the Commissioner, on January 1 or July 1, as the case may be, immediately preceding the expiration of the initial loan period, plus 10 percent. The licensee may charge and collect interest pursuant to this paragraph for a period not to exceed 90 days. After that period, the licensee shall not charge or collect any interest on the title loan.
(d) Any fees allowed pursuant to NRS 604A.5086 for a check that is not paid upon presentment or an electronic transfer of money that fails because the account of the customer contains insufficient funds or has been closed.
The sum of all amounts collected pursuant to paragraphs (b), (c) and (d) must not exceed the principal amount of the title loan.
2. Except for the interest and fees permitted pursuant to subsection 1 and any other charges expressly permitted pursuant to NRS 604A.5074 and 604A.5083, the licensee shall not charge any other amount to a customer who receives a title loan, including, without limitation, any amount or charge payable directly or indirectly by the customer and imposed directly or indirectly by the licensee as an incident to or as a condition of the extension of the period for the payment of the title loan or the extension of credit. Such prohibited amounts include, without limitation:
(a) Any interest, other than the interest charged pursuant to subsection 1, regardless of the name given to the interest; or
(b) Any origination fees, set-up fees, collection fees, transaction fees, negotiation fees, handling fees, processing fees, late fees, default fees or any other fees, regardless of the name given to the fee.
(Added to NRS by 2005, 1697; A 2007, 941; 2013, 1517)—(Substituted in revision for part of NRS 604A.485)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5086 - Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution.

1. A licensee who operates a title loan service may collect a fee of not more than $25 if a check is not paid upon presentment or an electronic transfer of money fails because the account of the customer contains insufficient funds or has been closed.
2. If the account of the customer contains insufficient funds, the licensee may collect only two fees of $25 each, regardless of the number of times the check is presented for payment or the electronic transfer of money is attempted.
3. If the account of the customer has been closed, the licensee may collect only one fee of $25, regardless of the number of times the check is presented or the electronic transfer of money is attempted for payment.
4. A customer who receives or attempts to receive a title loan is not liable for damages pursuant to NRS 41.620 or to criminal prosecution for a violation of chapter 205 of NRS unless the customer acted with criminal intent.
(Added to NRS by 2005, 1698; A 2007, 942)—(Substituted in revision for part of NRS 604A.490)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5088 - Receipt required for each payment by customer; contents.

In addition to any other provision in this chapter, each time a customer who receives a title loan makes a payment to a licensee who operates a title loan service, the licensee shall give to the customer a receipt with the following information:
1. The name and address of the licensee;
2. The identification number assigned to the loan agreement or other information that identifies the title loan;
3. The date of the payment;
4. The amount paid;
5. The balance due on the title loan or, when the customer makes a final payment, a statement that the title loan is paid in full; and
6. If more than one loan made by the licensee to the customer was outstanding at the time the payment was made, a statement indicating to which loan the payment was applied.
(Added to NRS by 2005, 1698)—(Substituted in revision for part of NRS 604A.495)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5089 - Requirements regarding person acting as agent or assisting in making loan.

1. A person shall not act as an agent for or assist a licensee who operates a title loan service in the making of a title loan unless the licensee complies with all applicable federal and state laws, regulations and guidelines.
2. The provisions of this section do not apply to the agent or assistant to a state or federally chartered bank, thrift company, savings and loan association, savings bank or industrial loan company if the state or federally chartered bank, thrift company, savings and loan association, savings bank or industrial loan company:
(a) Initially advances the loan proceeds to the customer; and
(b) Does not sell, assign or transfer a preponderant economic interest in the title loan to the agent or assistant or an affiliate or subsidiary of the state or federally chartered bank, thrift company, savings and loan association, savings bank or industrial loan company, unless selling, assigning or transferring a preponderant economic interest is expressly permitted by the primary regulator of the state or federally chartered bank, thrift company, savings and loan association, savings bank or industrial loan company.
3. If a licensee who operates a title loan service acts as an agent for or assists a state or federally chartered bank, thrift company, savings and loan association, savings bank or industrial loan company in the making of a title loan and the licensee can show that the standards set forth in subsection 2 are satisfied, the licensee must comply with all other provisions in this chapter to the extent they are not preempted by other state or federal law.
(Added to NRS by 2005, 1698)—(Substituted in revision for part of NRS 604A.500)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.590 - Required disclosures.

1. A licensee who has been issued a license to operate a title loan service pursuant to this chapter shall comply with the disclosure requirements of NRS 604A.405 and the Federal Truth in Lending Act. A loan agreement between such a licensee and a customer must fully disclose the terms of the transaction, including, without limitation, the amount of any fees charged for providing title loan services represented in both a dollar amount and as an annual percentage rate.
2. A licensee described in subsection 1 shall prominently disclose in the loan agreement all fees charged for providing title loan services to a customer before he or she enters into the transaction process.
(Added to NRS by 2015, 1144)—(Substituted in revision for part of NRS 604A.520)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.591 - Prohibited fees.

A licensee who has been issued a license to operate a title loan service pursuant to this chapter shall not charge a fee for providing title loan services that is prohibited by an applicable law or regulation of this State or federal law or regulation.
(Added to NRS by 2015, 1144)—(Substituted in revision for part of NRS 604A.525)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.592 - Prohibited advertisements.

A licensee who has been issued a license to operate a title loan service pursuant to this chapter shall comply with the provisions of subsection 6 of NRS 604A.5072 prohibiting advertisements that are false, misleading or deceptive with regard to the rates, terms or conditions for title loans.
(Added to NRS by 2015, 1144)—(Substituted in revision for part of NRS 604A.530)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.593 - Required notices.

A licensee who has been issued a license to operate a title loan service pursuant to this chapter shall place the following notices on marketing materials and television, print, radio and Internet advertising when space or time reasonably permits:
1. Title loans should be used for short-term financial needs only and not as a long-term financial solution; and
2. Customers with credit difficulties should seek credit counseling before entering into any title loan transaction.
(Added to NRS by 2015, 1144)—(Substituted in revision for part of NRS 604A.535)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.594 - Rescission of loan by customer.

A licensee who has been issued a license to operate a title loan service pursuant to this chapter shall provide each customer with the ability to rescind any title loan in accordance with the provisions of NRS 604A.5079.
(Added to NRS by 2015, 1145)—(Substituted in revision for part of NRS 604A.545)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.595 - Collection of past due accounts; prohibited acts.

A licensee who has been issued a license to operate a title loan service pursuant to this chapter must collect past due accounts in a professional, fair and lawful manner in accordance with the provisions of NRS 604A.5072 and applicable provisions of the Federal Fair Debt Collection Practices Act, 15 U.S.C. § 1692 et seq., as amended. Such a licensee shall not use unlawful threats, intimidation or harassment to collect unpaid accounts.
(Added to NRS by 2015, 1145)—(Substituted in revision for part of NRS 604A.550)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.596 - Reporting violations of chapter.

A licensee who has been issued a license to operate a title loan service pursuant to this chapter shall report to the Commissioner any person the licensee knows, or reasonably should know, is in violation of the provisions of this chapter within 30 days after the date the licensee knows, or reasonably should know, of the violation.
(Added to NRS by 2015, 1145)—(Substituted in revision for part of NRS 604A.555)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.597 - Certain licensees required to offer repayment plan.

A licensee who has been issued a license to operate a title loan service pursuant to this chapter shall provide to any customer who is unable to repay a title loan in accordance with the loan agreement between the licensee and the customer the opportunity to enter into a repayment plan pursuant to NRS 604A.5083. Such a licensee shall disclose the availability of such a repayment plan to any customer who is unable to repay a title loan.
(Added to NRS by 2015, 1145)—(Substituted in revision for part of NRS 604A.560)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.598 - Licensee offering services through Internet website required to comply with applicable laws.

A licensee that offers title loan services through an Internet website must be licensed in each state, as applicable, where any of its customers reside and shall comply with any state or federal law or regulation applicable to such jurisdiction.
(Added to NRS by 2015, 1145)—(Substituted in revision for part of NRS 604A.565)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.509 - Practices regarding customers who are members of military.

Notwithstanding any other provision of law:
1. If a customer who receives or attempts to receive check-cashing services is a member of the military, a licensee who operates a check-cashing service shall:
(a) Honor the terms of any repayment plan between the licensee and customer, including, without limitation, any repayment plan negotiated through military counselors or third-party credit counselors.
(b) Honor any proclamation by a base commander that a certain branch location of the licensee is off-limits to members of the military and their spouses.
2. If a customer who receives or attempts to receive check-cashing services is a member of the military, a licensee who operates a check-cashing service shall not garnish or threaten to garnish any wages or salary of the customer or the customer’s spouse.
3. If a customer who receives or attempts to receive check-cashing services is a member of the military and is deployed to a combat or combat supporting position, a licensee who operates a check-cashing service shall not engage in any collection activity against the customer or the customer’s spouse.
4. As used in this section, "military" means the Armed Forces of the United States, a reserve component thereof or the National Guard.
(Added to NRS by 2005, 1690; A 2007, 935, 2847)—(Substituted in revision for part of NRS 604A.420)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5092 - Prohibited acts by licensee: Improper practices; deceptive trade practices; using agent, affiliate or subsidiary to avoid requirements or prohibitions of chapter.

A licensee who operates a check-cashing service shall not:
1. Take any confession of judgment or any power of attorney running to the licensee or to any third person to confess judgment or to appear for the customer in a judicial proceeding.
2. Include in any written agreement:
(a) A promise by the customer to hold the licensee harmless;
(b) A confession of judgment by the customer;
(c) An assignment or order for the payment of wages or other compensation due the customer; or
(d) A waiver of any provision of this chapter. The provisions of this paragraph do not apply to the extent preempted by federal law.
3. Engage in any deceptive trade practice, as defined in chapter 598 of NRS, including, without limitation, making a false representation.
4. Reinitiate an electronic debit transaction that has been returned by a customer’s bank except in accordance with the rules prescribed by the National Automated Clearing House Association or its successor organization.
5. Use or attempt to use any agent, affiliate or subsidiary to avoid the requirements or prohibitions of this chapter.
(Added to NRS by 2005, 1691; A 2017, 1441)—(Substituted in revision for part of NRS 604A.440)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5094 - Limitations on fees licensee may collect for check not paid upon presentment or failure of electronic transfer of money; standards for civil liability and criminal prosecution.

1. A licensee who operates a check-cashing service may collect a fee of not more than $25 if a check is not paid upon presentment or an electronic transfer of money fails because the account of the customer contains insufficient funds or has been closed.
2. If the account of the customer contains insufficient funds, the licensee may collect only two fees of $25 each, regardless of the number of times the check is presented for payment or the electronic transfer of money is attempted.
3. If the account of the customer has been closed, the licensee may collect only one fee of $25, regardless of the number of times the check is presented or the electronic transfer of money is attempted for payment.
4. A customer who receives or attempts to receive check-cashing services is not liable for damages pursuant to NRS 41.620 or to criminal prosecution for a violation of chapter 205 of NRS unless the customer acted with criminal intent.
(Added to NRS by 2005, 1698; A 2007, 942)—(Substituted in revision for part of NRS 604A.490)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.510 - Short title.

The provisions of NRS 604A.510 to 604A.598, inclusive, may be cited as the Payday Lender Best Practices Act.
(Added to NRS by 2015, 1144)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.515 - Applicability.

1. In addition to the requirements of any other provision of this chapter, or any applicable law or regulation of this State or federal law or regulation, a licensee who has been issued one or more licenses to operate a deferred deposit loan service, high-interest loan service or title loan service pursuant to this chapter shall comply with the provisions of NRS 604A.510 to 604A.598, inclusive.
2. The provisions of NRS 604A.510 to 604A.598, inclusive, do not apply to the operation of a check-cashing service licensed pursuant to this chapter.
(Added to NRS by 2015, 1144)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5983 - Prohibited annual percentage rates.

A licensee who makes a loan that constitutes consumer credit to a covered service member or his or her dependent shall not charge the covered service member or dependent an annual percentage rate with respect to the loan except as:
1. Agreed to under the terms of the written loan agreement entered into pursuant to NRS 604A.5012, 604A.504 or 604A.5067, as applicable;
2. Authorized by applicable state and federal law; and
3. Not specifically prohibited by NRS 99.050, 604A.5985 and 604A.5987.
(Added to NRS by 2019, 941)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5985 - Required disclosures.

1. Before making a loan that constitutes consumer credit to a covered service member or a dependent of a covered service member, a licensee shall provide the following information to the covered service member or the dependent of a covered service member, as applicable, both orally and in writing:
(a) A statement of the annual percentage rate of interest applicable to the loan;
(b) Any disclosures required by the provisions of the Truth in Lending Act and any regulations adopted pursuant thereto; and
(c) A clear description of the payment obligations of the covered service member or dependent, as applicable.
2. A licensee shall present the disclosures required by subsection 1 in accordance with the provisions of Regulation Z.
(Added to NRS by 2019, 941)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.5987 - Prohibited terms of consumer credit to covered service member.

A licensee shall not make a loan that constitutes consumer credit to a covered service member or a dependent of a covered service member with respect to which:
1. The licensee extends, rolls over, renews, repays, refinances or consolidates any consumer credit extended to the customer by the same licensee with the proceeds of the other consumer credit extended to the same covered service member or dependent;
2. The customer is required to waive the customer’s right to legal recourse under any otherwise applicable provision of state or federal law, including, without limitation, any provision of the Servicemembers Civil Relief Act, 50 U.S.C. §§ 3901 et seq.;
3. The licensee imposes onerous legal notice provisions in the case of a dispute or demands unreasonable notice from the customer as a condition for legal action;
4. The licensee uses a check or other method of access to a deposit, savings or other financial account maintained by the customer, or the title of a vehicle as security for the obligation;
5. The licensee requires as a condition for the extension of consumer credit that the customer establish an allotment to repay an obligation; or
6. The customer is prohibited from prepaying the loan or is charged a penalty or fee for prepaying all or part of the loan.
(Added to NRS by 2019, 942)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.600 - Application for license.

1. An application for a license pursuant to the provisions of this chapter must be made in writing, under oath and on a form prescribed by the Commissioner. The application must include:
(a) If the applicant is a natural person, the name and address of the applicant.
(b) If the applicant is a business entity, the name and address of each:
(1) Partner;
(2) Officer;
(3) Director;
(4) Manager or member who acts in a managerial capacity; and
(5) Registered agent,
of the business entity.
(c) Such other information, as the Commissioner determines necessary, concerning the financial responsibility, background, experience and activities of the applicant and its:
(1) Partners;
(2) Officers;
(3) Directors; and
(4) Managers or members who act in a managerial capacity.
(d) The address of each location at which the applicant proposes to do business under the license, including, without limitation, each location where the applicant will operate at a kiosk, through the Internet, through any telephone, facsimile machine or other telecommunication device or through any other machine, network, system, device or means, except that the applicant shall not propose to do business through any automated loan machine prohibited by NRS 604A.400.
(e) If the applicant is or intends to be licensed to provide more than one type of service pursuant to the provisions of this chapter, a statement of that intent and which services the applicant provides or intends to provide.
2. Each application for a license must be accompanied by:
(a) A nonrefundable application fee;
(b) Such additional expenses incurred in the process of investigation as the Commissioner deems necessary; and
(c) A fee of not less than $100 or more than $500, prorated on the basis of the licensing year.
All money received by the Commissioner pursuant to this subsection must be placed in the Investigative Account for Financial Institutions created by NRS 232.545.
3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
4. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 6 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if an applicant otherwise withdraws an application, the Commissioner may not issue a license to the applicant unless the applicant submits a new application and pays any required fees.
(Added to NRS by 2005, 1699)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.605 - Additional materials to be submitted with application; grounds for denial of license.

1. In addition to any other requirements set forth in this chapter, each applicant must submit proof satisfactory to the Commissioner that the applicant:
(a) Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business for which the applicant seeks to be licensed in a manner which protects the interests of the general public.
(b) Has not made a false statement of material fact on the application for the license.
(c) Has not committed any of the acts specified in subsection 2.
(d) Has not had a license issued pursuant to this chapter suspended or revoked within the 10 years immediately preceding the date of the application.
(e) Has not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude.
(f) If the applicant is a natural person:
(1) Is at least 21 years of age; and
(2) Is a citizen of the United States or lawfully entitled to remain and work in the United States.
2. In addition to any other lawful reasons, the Commissioner may refuse to issue a license to an applicant if the applicant:
(a) Has committed or participated in any act which, if committed or done by a holder of a license, would be grounds for the suspension or revocation of the license.
(b) Has previously been refused a license pursuant to this chapter or has had such a license suspended or revoked.
(c) Has participated in any act which was a basis for the refusal or revocation of a license pursuant to this chapter.
(d) Has falsified any of the information submitted to the Commissioner in support of the application for the license.
(Added to NRS by 2005, 1702; A 2005, 22nd Special Session, 99; 2021, 2049)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.610 - Surety bond.

1. Except as otherwise provided in NRS 604A.615, each application for a license pursuant to the provisions of this chapter must be accompanied by a surety bond payable to the State of Nevada in the amount of $50,000 plus an additional $5,000 for each branch location at which the applicant proposes to do business under the license. Thereafter, each licensee shall maintain the surety bond so that the amount of the surety bond is $50,000 plus an additional $5,000 for each branch location at which the licensee does business under the license. The surety bond required by this section is for the use and benefit of any customer receiving the services of the licensee at any location at which the licensee does business under the license.
2. Each bond must be in a form satisfactory to the Commissioner, issued by a bonding company authorized to do business in this State and must secure the faithful performance of the obligations of the licensee respecting the provision of the services.
3. A licensee shall, within 10 days after the commencement of any action or notice of entry of any judgment against the licensee by any creditor or claimant arising out of business regulated by this chapter give notice thereof to the Commissioner by certified mail with details sufficient to identify the action or judgment. The surety shall, within 10 days after it pays any claim or judgment to a creditor or claimant, give notice thereof to the Commissioner by certified mail with details sufficient to identify the creditor or claimant and the claim or judgment so paid.
4. Whenever the principal sum of any bond is reduced by recoveries or payments thereon, the licensee shall furnish:
(a) A new or additional bond so that the total or aggregate principal sum of the bonds equals the sum required pursuant to subsection 1; or
(b) An endorsement, duly executed by the surety, reinstating the bond to the required principal sum.
5. The liability of the surety on a bond to a creditor or claimant is not affected by any misrepresentation, breach of warranty, failure to pay a premium or other act or omission of the licensee, or by any insolvency or bankruptcy of the licensee.
6. The liability of the surety continues as to all transactions entered into in good faith by the creditors and claimants with the agents of the licensee within 30 days after:
(a) The death of the licensee or the dissolution or liquidation of his or her business; or
(b) The termination of the bond,
whichever event occurs first.
7. A licensee or his or her surety shall not cancel or alter a bond except after notice to the Commissioner by certified mail. The cancellation or alteration is not effective until 10 days after receipt of the notice by the Commissioner. A cancellation or alteration does not affect any liability incurred or accrued on the bond before the expiration of the 30-day period designated in subsection 6.
(Added to NRS by 2005, 1700; A 2005, 22nd Special Session, 97)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.615 - Deposit of securities in lieu of surety bond.

1. In lieu of any surety bond, or any portion of the principal sum thereof as required pursuant to the provisions of this chapter, a licensee may deposit with the State Treasurer or with any bank, credit union or trust company authorized to do business in this State as the licensee may select, with the approval of the Commissioner:
(a) Interest-bearing stocks;
(b) Bills, bonds, notes, debentures or other obligations of the United States or any agency or instrumentality thereof, or guaranteed by the United States; or
(c) Any obligation of this State or any city, county, town, township, school district or other instrumentality of this State or guaranteed by this State,
in an aggregate amount, based upon principal amount or market value, whichever is lower, of not less than the amount of any required surety bond or portion thereof.
2. The securities must be held to secure the same obligation as would any surety bond, but the depositor may receive any interest or dividends and, with the approval of the Commissioner, substitute other suitable securities for those deposited.
(Added to NRS by 2005, 1700; A 2005, 22nd Special Session, 98)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.620 - Application for license for office or other place of business located outside State.

1. A person may apply for a license for an office or other place of business located outside this State from which the applicant will conduct business in this State if the applicant or a subsidiary or affiliate of the applicant has a license issued pursuant to this chapter for an office or other place of business located in this State and if the applicant submits with the application for a license a statement signed by the applicant which states that the applicant agrees to:
(a) Make available at a location within this State the books, accounts, papers, records and files of the office or place of business located outside this State to the Commissioner or a representative of the Commissioner; or
(b) Pay the reasonable expenses for travel, meals and lodging of the Commissioner or a representative of the Commissioner incurred during any investigation or examination made at the office or place of business located outside this State.
The person must be allowed to choose between the provisions of paragraph (a) or (b) in complying with the provisions of this subsection.
2. This section applies, without limitation, to any office or other place of business located outside this State from which the applicant will conduct business in this State at a kiosk, through the Internet, through any telephone, facsimile machine or other telecommunication device or through any other machine, network, system, device or means, except that the applicant shall not conduct business in this State through any automated loan machine prohibited by NRS 604A.400.
(Added to NRS by 2005, 1701)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.625 - Investigation of applicant; notice; hearing; order.

1. Upon the filing of the application and the payment of the fees required pursuant to NRS 604A.600, the Commissioner shall investigate the facts concerning the application and the requirements provided for in NRS 604A.605 and 604A.635.
2. The Commissioner may hold a hearing on the application at a time not less than 30 days after the date the application was filed or not more than 60 days after that date. The hearing must be held in the Office of the Commissioner or such other place as the Commissioner may designate. Notice in writing of the hearing must be sent to the applicant and to any licensee to which a notice of the application has been given and to such other persons as the Commissioner may see fit, at least 10 days before the date set for the hearing.
3. The Commissioner shall make his or her order granting or denying the application within 10 days after the date of the closing of the hearing, unless the period is extended by written agreement between the applicant and the Commissioner.
(Added to NRS by 2005, 1701)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.630 - Procedure upon denial of license.

If the Commissioner finds that any applicant does not possess the requirements specified in this chapter, he or she shall:
1. Enter an order denying the application and notify the applicant of the denial.
2. Within 10 days after the entry of such an order, file his or her findings and a summary of the evidence supporting those findings and deliver a copy thereof to the applicant.
(Added to NRS by 2005, 1702)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.635 - Issuance of license; display of license; issuance of additional licenses for branch locations; contents of license; license not transferable or assignable.

1. The Commissioner shall enter an order granting an application if he or she finds that:
(a) The financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief that the business will be operated lawfully, honestly, fairly and efficiently; and
(b) The applicant has satisfied the requirements set forth in NRS 604A.605.
2. If the Commissioner grants an application, the Commissioner shall:
(a) File his or her findings of fact together with the transcript of any hearing held pursuant to the provisions of this chapter; and
(b) Issue to the licensee a license in such form and size as is prescribed by the Commissioner for each location at which the licensee proposes to do business.
3. Each licensee shall prominently display his or her license at the location where he or she does business. The Commissioner may issue additional licenses to the same licensee for each branch location at which the licensee is authorized to operate under the license, including, without limitation, each branch location where the licensee is authorized to operate at a kiosk, through the Internet, through any telephone, facsimile machine or other telecommunication device or through any other machine, network, system, device or means, except that the Commissioner shall not issue any license that would authorize the licensee to operate through any automated loan machine prohibited by NRS 604A.400. Nothing in this subsection requires a license for any place of business devoted to accounting, recordkeeping or administrative purposes only.
4. Each license must:
(a) State the address at which the business is to be conducted; and
(b) State fully:
(1) The name and address of the licensee;
(2) If the licensee is a copartnership or association, the names of its members; and
(3) If the licensee is a corporation, the date and place of its incorporation.
5. A license is not transferable or assignable.
(Added to NRS by 2005, 1702)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.640 - Expiration, renewal and reinstatement of license; fees.

1. A license issued pursuant to the provisions of this chapter expires annually on December 31, unless it is renewed. To renew a license, a licensee must submit to the Commissioner on or after November 1 and on or before December 31 of each year:
(a) An application for renewal;
(b) A renewal fee of not more than $500; and
(c) An additional fee of not more than $100 for each branch location at which the licensee is authorized to operate under the license.
2. If a licensee fails to submit any item required pursuant to subsection 1 to the Commissioner on or after November 1 and on or before December 31 of any year, the license is cancelled as of December 31 of that year and the licensee is not licensed pursuant to the provisions of this chapter. The Commissioner may reinstate a cancelled license if the licensee submits to the Commissioner on or before February 28 of the following year:
(a) An application for renewal;
(b) The fees required pursuant to subsection 1; and
(c) A fee for reinstatement.
3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
(Added to NRS by 2005, 1703; A 2005, 22nd Special Session, 100; 2021, 2049)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.645 - Change of control of licensee: Notice; application to Commissioner.

1. A licensee shall immediately notify the Commissioner of any change of control of the licensee.
2. A person who acquires stock, partnership or member interests resulting in a change of control of the licensee shall apply to the Commissioner for approval of the transfer. The application must contain information which shows that the requirements for obtaining a license pursuant to the provisions of this chapter will be satisfied after the change of control. If the Commissioner determines that those requirements will not be satisfied, he or she may deny the application and forbid the applicant from participating in the business of the licensee.
3. As used in this section, "change of control" means:
(a) A transfer of voting stock, partnership or member interests which results in giving a person, directly or indirectly, the power to direct the management and policy of a licensee; or
(b) A transfer of at least 25 percent of the outstanding voting stock, partnership or member interests of the licensee.
(Added to NRS by 2005, 1703)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.650 - Licensee must conduct business in accordance with license; approval of business name; prohibition against using misleading or confusing business name or printed forms.

1. A licensee shall not conduct the business of making loans under any name, at any place or by any method, including, without limitation, at a kiosk, through the Internet, through any telephone, facsimile machine or other telecommunication device or through any other machine, network, system, device or means, except as permitted in the license or branch license issued to the licensee.
2. A licensee must obtain the approval of the Commissioner before using or changing a business name.
3. A licensee shall not:
(a) Use any business name which is identical or similar to a business name used by another licensee under this chapter or which may mislead or confuse the public.
(b) Use any printed forms which may mislead or confuse the public.
(Added to NRS by 2005, 1703)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.655 - Restrictions on location where licensee may conduct business; requirements to conduct business at same location as mortgage company or pawnbroker.

1. Except as otherwise provided in this section, a licensee may not conduct the business of making loans within any office, suite, room or place of business in which any other lending business is solicited or engaged in, except an insurance agency or notary public, or in association or conjunction with any other business, unless authority to do so is given by the Commissioner.
2. A licensee may conduct the business of making loans in the same office or place of business as a mortgage company if:
(a) The licensee and the mortgage company:
(1) Maintain separate accounts, books and records;
(2) Are subsidiaries of the same parent corporation; and
(3) Maintain separate licenses; and
(b) The mortgage company is licensed by this State pursuant to chapter 645B of NRS and does not receive money to acquire or repay loans or maintain trust accounts as provided by NRS 645B.175.
3. If a pawnbroker is licensed to operate a check-cashing service, deferred deposit loan service, high-interest loan service or title loan service, the pawnbroker may operate that service at the same office or place of business from which he or she conducts business as a pawnbroker pursuant to chapter 646 of NRS.
(Added to NRS by 2005, 1704; A 2007, 942; 2017, 3101)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.660 - Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice.

1. A licensee who wishes to change the address of an office or other place of business for which he or she has a license pursuant to the provisions of this chapter must, at least 10 days before changing the address, give written notice of the proposed change to the Commissioner.
2. Upon receipt of the proposed change of address pursuant to subsection 1, the Commissioner shall provide written approval of the change and the date of the approval.
3. If a licensee fails to provide notice as required pursuant to subsection 1, the Commissioner may impose a fine in an amount not to exceed $500.
4. This section applies, without limitation, to any office or other place of business at which the licensee intends to operate a kiosk, through the Internet, through any telephone, facsimile machine or other telecommunication device or through any other machine, network, system, device or means, except that the licensee shall not operate any automated loan machine prohibited by NRS 604A.400.
(Added to NRS by 2005, 1704)
2023 Nevada Revised Statutes › Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services › NRS 604A.665 - Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not affect authority of Commissioner regarding licensing.

1. The Commissioner may, in furtherance of his or her duties with respect to the issuance and renewal of licenses pursuant to this chapter, participate in the Nationwide Multistate Licensing System and Registry. The Commissioner may take any action with respect to participation in the Registry that the Commissioner deems necessary to carry out his or her duties, including, without limitation:
(a) Facilitating and participating in the establishment and implementation of the Registry;
(b) Establishing relationships or contracts with the Registry or other entities designated by the Registry;
(c) Authorizing the Registry to collect and maintain records of applicants for and holders of licenses;
(d) Authorizing the Registry to, on behalf of the Commissioner, collect and process any fees associated with licensure, examinations, fines, assessments and any other similar fees;
(e) Requiring an applicant for a license or a licensee to use the Registry to:
(1) Apply for the issuance or renewal of a license;
(2) Amend or surrender a license;
(3) Submit any reports or the results of any examination that the Commissioner may require;
(4) Pay any applicable fees; and
(5) Engage in any other activity that the Commissioner may require; and
(f) Authorizing the Registry to, on behalf of the Commissioner, collect fingerprints in order to receive or conduct a background check on the criminal history of an applicant for a license or a licensee.
2. An applicant for a license or a licensee shall, in addition to any other fees associated with the license, pay all applicable charges to use the Registry, including, without limitation, any processing charges established by the administrator of the Registry.
3. The Commissioner may adopt any regulations the Commissioner determines to be necessary or appropriate to carry out this section. Such regulations may, without limitation, establish additional procedures and requirements for participation in the Registry.
4. The provisions of this section shall not be construed to replace or affect the authority of the Commissioner to grant, deny, suspend, terminate, revoke or refuse to renew a license.
(Added to NRS by 2021, 2046)