reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.080 - "Financial institution" defined.

"Financial institution" means:
1. A bank, commercial bank or banking corporation as defined in NRS 657.016;
2. A banking institution which is authorized to issue credit cards pursuant to federal or state law;
3. A banking subsidiary owned by a bank holding company pursuant to 12 U.S.C. § 1841, or by a savings and loan holding company pursuant to 12 U.S.C. § 1467a(a)(1)(D); and
4. Any other federally regulated banking institution.
(Added to NRS by 1995, 2598)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.090 - "Interest" defined.

1. "Interest," however denominated or expressed, means the amount which is paid or payable for the privilege of purchasing goods or services with a credit card to be paid for in installments over a period that is longer than the grace period allowed by the issuer during which no payment is due.
2. The term includes:
(a) Annual membership fees;
(b) Charges for the delinquent payment of an installment;
(c) Charges for a check or other negotiable instrument that is submitted for the payment of an installment and is drawn on an account with insufficient money to pay the installment;
(d) Charges for the extension of credit in excess of the limit prescribed by the issuer; and
(e) Any other charge or fee to which the issuer and cardholder agree.
3. The term does not include premiums paid for insurance, attorney’s fees, court costs or fees required to file any civil action.
(Added to NRS by 1995, 2598)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.120 - "Secondary cardholder" defined.

"Secondary cardholder" means a person whose name appears on a credit card at the request of the cardholder for the purpose of authorizing that person to use the credit card account of the cardholder.
(Added to NRS by 1995, 2598)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.140 - Requirements for issuance of credit card; provision and change of terms and conditions for use of credit card; applicable state law.

1. An issuer located in this State shall not issue a credit card to a cardholder unless the issuer first:
(a) Provides the written notice required pursuant to NRS 97A.145 to the cardholder; and
(b) Receives a written or oral request from the cardholder for the issuance of the credit card.
2. An issuer shall provide the cardholder with the terms and conditions that govern the use of the credit card, in writing, before or at the time of the receipt of the credit card. A cardholder shall be deemed to have accepted the written terms and conditions provided by the issuer upon subsequent actual use of the credit card.
3. The rate of interest charged, and any other fees or charges imposed for the use of the credit card, must be in an amount agreed upon by the issuer and cardholder.
4. An issuer may unilaterally change any term or condition for the use of a credit card without prior written notice to the cardholder unless the change will adversely affect or increase the costs to the cardholder for the use of the credit card. If the change will increase such costs, the issuer shall provide to the cardholder:
(a) An identifiable notice of the change at least 30 days before the change becomes effective; and
(b) An opportunity to avoid the change, including, without limitation, by voluntarily closing the credit card account after providing notice to the issuer. If the cardholder closes the credit card account and the issuer provides any information about the account to a credit reporting agency, the issuer must notify the agency that the cardholder voluntarily closed the credit card account.
5. Unless otherwise stated as a term or condition, the law of this State governs all transactions relating to the use of a credit card if an issuer, or the service provider of an issuer, is located in this State.
(Added to NRS by 1995, 2598; A 2005, 2502; 2007, 655)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.142 - Verification of identity of person accepting firm offer of credit: When required; actions deemed to be verification of identity.

1. If a solicitor makes a firm offer of credit for a credit card to a person by mail and receives an acceptance of that offer which has a substantially different address listed for the person than the address to which the solicitor sent the offer, the solicitor shall verify that the person accepting the offer is the same person to whom the offer was made before sending the person the credit card.
2. A solicitor shall be deemed to have verified the address of a person pursuant to subsection 1 if the solicitor:
(a) Telephones the person at a telephone number appearing in a publicly available directory or database as the telephone number of the person to whom the solicitation was made and the person acknowledges his or her acceptance of the solicitation;
(b) Receives from the person accepting the offer of credit proof of identity in the form of an identification document, including, without limitation, a driver’s license, passport, permanent resident card or tribal identification card which confirms that the person accepting the solicitation is the person to whom the solicitation was made; or
(c) Uses any other commercially reasonable means to confirm that the person accepting the solicitation is the person to whom the solicitation was made, including, without limitation, any means adopted in federal regulations.
3. For the purposes of this section:
(a) "Firm offer of credit" has the meaning ascribed to it in 15 U.S.C. § 1681a(l).
(b) "Permanent resident card" means a Permanent Resident Card issued by the United States Citizenship and Immigration Services of the Department of Homeland Security.
(c) "Solicitor" means a person who makes a firm offer of credit for a credit card by mail solicitation, but does not include an issuer or other creditor when that issuer or creditor relies on an independent third party to provide the solicitation services.
(d) "Tribal identification card" means an identification card issued by a tribal government which satisfies the requirements of subsection 3 of NRS 232.006.
(Added to NRS by 2007, 47; A 2017, 88, 1620, 2269)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.145 - Issuer to provide cardholder with written notice concerning unlawful use of personal identifying information and credit information of cardholder; compliance with federal law deemed compliance with section.

1. When issuing a credit card to a cardholder in this State, an issuer shall provide the cardholder with the written notice in the form prescribed by the Commissioner of Financial Institutions pursuant to this section.
2. The Commissioner of Financial Institutions shall adopt regulations prescribing the form of the written notice required pursuant to this section. The regulations must provide that the written notice must:
(a) Include, without limitation, the following information:
(1) The policies and procedures adopted by the issuer to protect the personal identifying information and credit information of the cardholder from any unlawful use by another person; and
(2) The legal rights and responsibilities of the cardholder if another person unlawfully uses the personal identifying information and credit information of the cardholder; and
(b) Be printed in a separate box created by bold lines that includes:
(1) A heading indicating the general subject matter of the notice that is printed in at least 12-point type; and
(2) The text of the notice that is printed in at least 10-point type.
3. An issuer that is subject to and complies with the privacy and security provisions of the Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801 et seq., shall be deemed to be in compliance with the notification requirements of this section.
4. As used in this section:
(a) "Credit information" means any information that is related to credit and derived from a consumer credit report, found on a consumer credit report or provided on an application for a credit card.
(b) "Personal identifying information" has the meaning ascribed to it in NRS 205.4617.
(Added to NRS by 2005, 2502)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.150 - Liability for charges incurred on credit card account.

1. A cardholder is personally liable for all charges incurred on his or her credit card account by:
(a) The cardholder or an authorized user; and
(b) Any other person if the charges result in a beneficial use to the cardholder.
2. An authorized user is jointly and severally liable for the actual charges the authorized user incurs on the credit card account of the cardholder.
3. Any person, other than the cardholder or an authorized user, is liable for all charges the person incurs on the credit card account of the cardholder, except for the amount for which the cardholder is liable pursuant to 15 U.S.C. § 1643.
4. Any person who causes an issuer to open a credit card account based on a false or fraudulent application is liable to the issuer for all charges incurred on the account, without regard to whether the charges were authorized by the person responsible for opening the account.
(Added to NRS by 1995, 2599)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.160 - Records required in action to collect debt: Establishment of liability and amount; authentication; retention.

1. Notwithstanding the provisions of chapter 52 of NRS, in any action brought to collect a debt owed to an issuer:
(a) The issuer may establish that the cardholder is contractually liable for the debt owed by submitting the written application for a credit card account submitted to the issuer by the cardholder or evidence that the cardholder incurred charges on the account and made payments thereon.
(b) The amount owed may be established by photocopies of:
(1) The periodic billing statements provided by the issuer; or
(2) Information stored by the issuer on a computer, microfilm, microfiche or optical disc which indicate the amount of the debt owed.
2. The content of such records must be authenticated:
(a) Pursuant to the procedures set forth in NRS 52.450 to 52.480, inclusive; or
(b) By the submission of a written affidavit sufficient to establish:
(1) The affiant as the custodian of the written records offered as evidence;
(2) That the written records offered as evidence were made in the ordinary course of the issuer’s business; and
(3) That the written records are true and correct copies of the records retained by the issuer.
3. The liability of a person other than the cardholder for the amount of any debt owed to an issuer may be established by evidence indicating that the person caused the charge to be incurred on the credit card account.
4. An issuer shall retain any record necessary to establish the existence and amount of any debt owed to the issuer for at least 24 months after the record is first published, issued or filed.
(Added to NRS by 1995, 2599)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.165 - Contents of complaint; limitations.

1. In an action brought to collect a credit card debt owed to a purchaser of credit card debt:
(a) The complaint must include, without limitation:
(1) The name of the issuer;
(2) The last four digits of the account number originally assigned by the issuer;
(3) All subsequent account numbers assigned to the credit card debt by all assignees of the credit card debt; and
(4) The date of the default on the credit card debt.
(b) No judgment in favor of the purchaser of credit card debt, including, without limitation, a default judgment, may be entered unless:
(1) The complaint includes the information required by paragraph (a) of subsection 1; and
(2) The purchaser of credit card debt has satisfied the standards of proof set forth in subsections 1 and 2 of NRS 97A.160.
2. As used in this section, "purchaser of credit card debt" means a person, other than a financial institution, that purchases any outstanding credit card debt.
(Added to NRS by 2009, 481)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.170 - Rights of issuer or service provider; action to determine liability for unauthorized negotiable instrument used to make payment.

1. An issuer or service provider shall be deemed to be a payee with respect to any payment made on a credit card account of a cardholder by a check or other negotiable instrument.
2. Upon the posting of a payment on a credit card account of a cardholder by the issuer or service provider, an issuer has changed its position in reliance thereon if the payment was made by check or other negotiable instrument.
3. A payment made on a credit card account of a cardholder by a check or other negotiable instrument is received by the issuer in good faith if the issuer did not have actual knowledge that the check or other negotiable instrument was forged, altered or unauthorized when it was posted to the account.
4. An action or proceeding brought to determine liability for an allegedly forged, altered or unauthorized check or other negotiable instrument used to make a payment on a credit card account of a cardholder must be determined pursuant to the provisions of chapters 104 to 104C, inclusive, of NRS.
(Added to NRS by 1995, 2600)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.180 - Transfer of information if issuer is subsidiary.

1. If an issuer is a subsidiary directly or indirectly owned by a bank holding company as defined in 12 U.S.C. § 1841, a savings and loan holding company as defined in 12 U.S.C. § 1467a(a)(1)(D) or a holding company of any other financial institution, information relating to the credit card account of a cardholder may be transferred to and used by other subsidiaries owned by the same bank holding company, savings and loan holding company or holding company of any other financial institution. For the purposes of this subsection, any bank holding company, savings and loan holding company or holding company of any other financial institution shall be deemed the owner of a subsidiary if it or a subsidiary corporation owns 80 percent or more of the stock of a subsidiary or 80 percent or more of the stock of the corporation that owns a subsidiary.
2. An issuer may transfer information relating to the credit card account of a cardholder to any person, other than a secondary cardholder, whose name appears on the face of the credit card of the cardholder.
(Added to NRS by 1995, 2600)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.200 - Prohibited acts by issuer: Increase of interest rate based upon late payment to another creditor; universal default clauses; exception.

1. An issuer shall not:
(a) Increase the interest rate it charges a cardholder for the use of the card based upon the late payment by the cardholder to another issuer or a creditor of the cardholder that is not an affiliate or subsidiary of the issuer; or
(b) Include a universal default clause in a contract or other agreement relating to a credit card account.
2. Notwithstanding the provisions of subsection 1, an issuer may increase the interest rate it charges a cardholder for the use of the card based on a change in the credit rating of the cardholder.
3. As used in this section:
(a) "Affiliate or subsidiary of the issuer" means an affiliate or subsidiary that conducts business under a name that is:
(1) The same as the name of the issuer; or
(2) Sufficiently similar to the name of the issuer that a cardholder could reasonably believe that the cardholder is conducting business with the issuer.
(b) "Universal default clause" means a clause or provision that allows an issuer to increase the interest rate it charges a cardholder for the use of the card based upon the late payment by the cardholder to another issuer or a creditor of the cardholder that is not an affiliate or subsidiary of the issuer.
(Added to NRS by 2007, 404, 655)
2023 Nevada Revised Statutes › Chapter 97A - Debt Evidenced by Credit Card › NRS 97A.210 - Prohibited acts by issuer: Prohibiting merchant from offering certain discounts.

No issuer may, by contract or otherwise, prohibit a merchant from offering a discount to a customer to induce the customer to pay by cash, check or similar means rather than by use of a credit card or a credit card account for the purchase of goods or services.
(Added to NRS by 2007, 404, 655)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.020 - Purpose of chapter; construction.

1. The purpose of this chapter is to protect consumers.
2. This chapter must be construed as a consumer protections statute for all purposes.
3. This chapter must be liberally construed to effectuate its purpose.
(Added to NRS by 2019, 2307)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.060 - "Consumer debt" defined.

"Consumer debt" means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services which are the subject of the transaction are primarily for personal, family or household purposes, whether or not such obligation has been reduced to judgment.
(Added to NRS by 2019, 2308)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.070 - "Consumer form contract" defined.

1. "Consumer form contract" means a retail charge agreement or a retail installment contract involving a retail installment transaction in writing between a retail seller and a consumer buyer, or a lease in writing between a lessor and a consumer lessee, involving the sale or lease of goods or services, including, without limitation, credit or financial services, primarily for personal, family or household purposes and which has either been drafted by the business or by a third party for use with more than one consumer, unless a second consumer is the spouse of the first consumer.
2. As used in this section:
(a) "Buyer" has the meaning ascribed to it in NRS 97.085.
(b) "Goods" has the meaning ascribed to it in NRS 97.035.
(c) "Retail charge agreement" has the meaning ascribed to it in NRS 97.095.
(d) "Retail installment contract" has the meaning ascribed to it in NRS 97.105.
(e) "Retail installment transaction" has the meaning ascribed to it in NRS 97.115.
(f) "Retail seller" has the meaning ascribed to it in NRS 97.125.
(g) "Services" has the meaning ascribed to it in NRS 97.135.
(Added to NRS by 2019, 2308)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.080 - Prohibition against use of consumer form contract; application of chapter to persons who seek to evade its provisions.

1. A business, including, without limitation, any officer, agent, employee or representative, shall not individually or in cooperation with another, solicit the execution of, receive or rely upon a consumer form contract, including, without limitation, reliance upon the consumer form contract as a basis of a suit or claim, unless the business has complied with the provisions of this chapter.
2. The provisions of this chapter apply to any person who seeks to evade its application by any device, subterfuge or pretense.
(Added to NRS by 2019, 2308)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.090 - Exemptions from chapter.

The provisions of this chapter do not apply to:
1. A person doing business pursuant to the authority of any law of this State or of the United States relating to banks, national banking associations, savings banks, trust companies, savings and loan associations, credit unions, mortgage brokers, mortgage bankers, thrift companies or insurance companies, including, without limitation, any affiliate or subsidiary of such a person regardless of whether the affiliate or subsidiary is a bank.
2. Any business:
(a) Whose principal purpose or activity is lending money on real property which is secured by a mortgage;
(b) Approved by the Federal National Mortgage Association as a seller or servicer; and
(c) Approved by the United States Department of Housing and Urban Development and the Department of Veterans Affairs.
3. A person who provides money for investment in loans secured by a lien on real property, on his or her own account.
4. A seller of real property who offers credit secured by a mortgage of the property sold.
5. A person who exclusively extends credit to any person who is not a resident of this State for any business, commercial or agricultural purpose that is located outside this State.
6. A person while performing any act authorized pursuant to chapter 604A of NRS.
7. A motor vehicle manufacturer or distributor, or an affiliate or captive financial entity of a motor vehicle manufacturer or distributor.
(Added to NRS by 2019, 2308)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.100 - Consumer form contracts: Enforceability of choice of law and forum selection provisions.

If a consumer form contract is signed by the consumer or otherwise formed while the consumer resides in this State with a person operating within this State:
1. A choice of law provision in a consumer form contract which provides that the consumer form contract is to be governed or interpreted pursuant to the laws of another state is void. Enforcement and interpretation of such a contract must be governed by the laws of this State if enforcement of the consumer form contract is sought in a court of this State.
2. A forum selection provision in a consumer form contract which provides that any claims or actions related to the consumer form contract must be litigated in a forum outside this State is void.
(Added to NRS by 2019, 2309)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.110 - Consumer form contracts: Requirement for signature of consumer.

1. Any consumer form contract involving a loan, extension of credit, deposit account or other financial services must be signed by the consumer in writing or electronically in full compliance with Section 101(c) of the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001(c).
2. Any change of terms to a consumer form contract must be agreed to by the consumer by affirmative consent, signed in writing or electronically in full compliance with Section 101(c) of the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7001(c).
(Added to NRS by 2019, 2309)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.120 - Consumer form contracts: Prohibition on the inclusion of certain provisions.

A consumer form contract must not contain:
1. A provision that the consumer will hold the other party harmless, or that otherwise relieves the other party of liability, for any harm or damage caused to the consumer arising from the consumer form contract.
2. A confession of judgment clause.
3. A waiver of the right to a jury trial, unless the consumer agrees to an alternative dispute resolution such as binding arbitration, in any action brought by or against the consumer.
4. Any assignment of or order for payment of wages or other compensation for services.
5. A provision in which the consumer agrees not to assert any claim or defense arising out of the consumer form contract or to seek any remedies pursuant to any consumer protection law.
6. A waiver of any provision of this chapter or any other consumer protection statute. Any such waiver shall be deemed null, void and of no effect.
7. A provision requiring or having the practical effect of requiring that any aspect of a resolution of a dispute between the parties to the agreement be kept confidential. This subsection does not affect the right of the parties to agree that certain specified information is a trade secret or otherwise confidential or to later agree, after the dispute arises, to keep a resolution confidential.
(Added to NRS by 2019, 2309)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.130 - Consumer form contracts: Provisions that violate chapter void; enforceability of other provisions.

A provision in a consumer form contract that violates this chapter shall be void and unenforceable. A court may refuse to enforce other provisions of the consumer form contract as equity may require.
(Added to NRS by 2019, 2310)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.140 - Consumer form contracts: Void if entered into with unlicensed person required to be licensed.

Any consumer form contract entered into by a consumer with a person who is required to be licensed pursuant to any provision of NRS or NAC in order to enter into the consumer transaction, but is not so licensed, is void. Neither the obligee nor any assignee of the obligation may collect, receive or retain any principal, finance charge or other fees in connection with the transaction.
(Added to NRS by 2019, 2310)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.150 - Award of interest; prohibition against compounding interest; limitation on prejudgment interest; limitation on postjudgment interest.

If the plaintiff is the prevailing party in any action to collect a consumer debt:
1. And a rate of interest is stated in the consumer form contract, interest may be awarded by the court only as set forth in this section.
2. Interest under the consumer form contract, prejudgment interest and postjudgment interest awarded by the court must not be compounded.
3. Any prejudgment interest the court awards the plaintiff must be limited to the lesser of:
(a) The accrued interest at the rate stated in the consumer form contract to the day the action to collect the debt is filed; or
(b) One hundred eighty days of interest at the rate stated in the consumer form contract.
4. Any postjudgment interest the court awards the plaintiff must be limited to the lesser of:
(a) The rate of interest in the consumer form contract; or
(b) A rate equal to the prime rate at the largest bank in Nevada as ascertained by the Commissioner of Financial Institutions on January 1 or July 1, as the case may be, immediately preceding the date of judgment, plus 2 percent. The rate must remain fixed at that rate until the judgment is satisfied.
(Added to NRS by 2019, 2310)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.160 - Award of attorney’s fees when plaintiff is prevailing party in action to collect consumer debt.

1. If the plaintiff is the prevailing party in any action to collect a consumer debt, the plaintiff is entitled to collect attorney’s fees only if the consumer form contract or other document evidencing the indebtedness sets forth an obligation of the consumer to pay such attorney’s fees and subject to the following conditions:
(a) If a consumer form contract or other document evidencing indebtedness provides for attorney’s fees in some specific percentage, such provision and obligation is valid and enforceable for an amount not to exceed 15 percent of the amount of the debt, excluding attorney’s fees and collection costs.
(b) If a consumer form contract or other document evidencing indebtedness provides for the payment of reasonable attorney’s fees by the debtor, without specifying any specific percentage, such provision must be construed to mean the lesser of 15 percent of the amount of the debt, excluding attorney’s fees and collection costs, or the amount of attorney’s fees calculated by a reasonable rate for such cases multiplied by the amount of time reasonably expended to obtain the judgment.
2. The documentation setting forth a party’s obligation to pay attorney’s fees must be provided to the court before a court may enforce those provisions.
(Added to NRS by 2019, 2310)
2023 Nevada Revised Statutes › Chapter 97B - Consumer Protection From Predatory Interest › NRS 97B.170 - Award of attorney’s fees when debtor is prevailing party in action to collect consumer debt.

If the debtor is the prevailing party in any action to collect a consumer debt, the debtor is entitled to an award of reasonable attorney’s fees. The amount of the debt that the creditor sought may not be a factor in determining the reasonableness of the award.
(Added to NRS by 2019, 2311)
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.010 - Dollar, cent and mill to be money of account.

The money of account of this state shall be the dollar, cent and mill. All the accounts in the public offices, other public accounts, and all proceedings in courts, shall be kept and had in conformity with this section.
[1:34:1861; B § 29; BH § 4900; C § 2742; RL § 2497; NCL § 4320]
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.020 - Suits on accounts, notes or bonds expressed in other money of account: Reduction to dollars or parts of dollars.

Nothing contained in NRS 99.010 shall vitiate or affect any account, charge or entry originally made, or any note, bond or other instrument, expressed in any other money of account, but the same shall be reduced to dollars, or parts of dollars, as directed in NRS 99.010, in any suit thereupon.
[2:34:1861; B § 30; BH § 4901; C § 2743; RL § 2498; NCL § 4321]
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.030 - Obligations, judgments or executions payable in legal money.

After February 15, 1893, all official bonds and undertakings, and all obligations of debt, judgments or executions stated in terms of dollars and to be paid in money shall be payable in legal money authorized by the Congress of the United States.
[1:16:1893; A 1895, 13; C § 2738; RL § 2501; NCL § 4324]
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.040 - Interest rate when not fixed by express contract for certain types of transactions.

1. When there is no express contract in writing fixing a different rate of interest, interest must be allowed at a rate equal to the prime rate at the largest bank in Nevada, as ascertained by the Commissioner of Financial Institutions, on January 1 or July 1, as the case may be, immediately preceding the date of the transaction, plus 2 percent, upon all money from the time it becomes due, in the following cases:
(a) Upon contracts, express or implied, other than book accounts.
(b) Upon the settlement of book or store accounts from the day on which the balance is ascertained.
(c) Upon money received to the use and benefit of another and detained without his or her consent.
(d) Upon wages or salary, if it is unpaid when due, after demand therefor has been made.
The rate must be adjusted accordingly on each January 1 and July 1 thereafter until the judgment is satisfied.
2. The provisions of this section do not apply to money owed pursuant to chapter 624 of NRS which is governed by the provisions of NRS 624.630.
3. As used in this section, "book account" means a detailed statement which:
(a) Constitutes the principal record of one or more transactions between a debtor and a creditor arising out of a contract or some fiduciary relationship;
(b) Shows the debits and credits in connection with that contract or fiduciary relationship and shows against whom and in favor of whom entries are made;
(c) Is entered in the regular course of business as conducted by such creditor or fiduciary; and
(d) Is kept in a reasonably permanent form and manner:
(1) In a bound book;
(2) On a sheet or sheets fastened in a book or to backing but detachable therefrom;
(3) On a card or cards of a permanent character; or
(4) In any other reasonably permanent form and manner.
[4:34:1861; A 1887, 82; 1917, 351; 1919 RL § 2499; NCL § 4322]—(NRS A 1979, 830; 1981, 1859; 1983, 426; 1987, 558, 940; 2001, 1625; 2005, 1735, 1856)
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.055 - Prepayment of loans.

When any loan is prepaid, the amount of interest earned must be computed by applying the agreed rate to the unpaid balance for each period. Any greater amount of interest which may have been precomputed and included in the balance due must be allowed as a credit on any amount due or refunded. This section does not preclude the imposition of any:
1. Penalty for prepayment; or
2. Single charge for making the loan,
to which the parties agree when the loan is made.
(Added to NRS by 1983, 976)
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.060 - Definitions relating to public securities.

1. As applied to bonds or other securities issued by this state or any political subdivision or municipal or public corporation of this state, "effective interest rate" means the interest rate based on the actual price paid to the public entity, calculated to maturity of the obligation according to standard tables of bond values.
2. When used in a limitation of the rate of interest upon such bonds or other securities, the "Index of Twenty Bonds" and the "Index of Revenue Bonds" refer to these indexes for municipal bonds as most recently published in the daily or weekly version of The Bond Buyer, at One State Street Plaza in New York City.
(Added to NRS by 1969, 1285; A 1983, 570; 1985, 1077; 1989, 587)
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.065 - Public securities: Compound interest authorized; repayment.

1. Bonds or other securities issued by this state or any of its political subdivisions may provide for the payment of compound interest. The amount of the compound interest must be treated as interest and not as an addition to the principal of the bond or other security.
2. If interest is compounded on some or all of an issue of securities, repayment of the securities:
(a) Must commence no later than the 15th year after issue; and
(b) If in installments, must be made no less often than annually.
(Added to NRS by 1985, 1076; A 1989, 147; 2011, 3327)
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.067 - Public securities: Interest rate for securities issued on or before June 30, 2011.

Notwithstanding any provision of law to the contrary, in calculating the rate of interest on any bonds or other securities that are issued by this State or any political subdivision or municipal or public corporation of this State on or before June 30, 2011, for the purposes of any limitations on the rate of interest provided by specific statute, and for the purposes of all other statutory requirements or calculations based on the rate or amount of interest on such bonds or securities, any credit expected to be paid to or for the benefit of the issuer of the bonds or other securities under 26 U.S.C. § 6431, as amended, must be treated as a reduction in the amount of interest paid, as of the date or dates on which the credit is expected to be received. Such amount must be used to pay the interest on the bonds or other securities for which it is received or to reimburse the issuer of the bonds or other securities for that payment. If a credit that is expected to be paid under 26 U.S.C. § 6431, as amended, is not paid, the issuer of the bonds or other securities may pay the interest that is expected to be paid from the sources pledged or otherwise available to pay the principal of and interest on the bonds or other securities.
(Added to NRS by 2009, 2656)
2023 Nevada Revised Statutes › Chapter 99 - Money of Account and Interest; Legal Investments › NRS 99.070 - Obligations of United States Postal Service and Federal National Mortgage Association.

Notwithstanding any other provision of law, obligations issued by the United States Postal Service or the Federal National Mortgage Association, whether or not the payment of principal and interest thereon is guaranteed by the Government of the United States, may be purchased by:
1. Insurance companies, insurance associations and all other persons carrying on an insurance business;
2. Executors, administrators, guardians, committees, conservators, liquidators, rehabilitators, receivers, trust companies and trustees, and all other persons occupying a similar fiduciary position;
3. Banks, bankers and savings banks;
4. Savings and loan associations, investment companies and other financial institutions;
5. Credit unions, cemetery associations, mutual benevolent and benefit associations;
6. The State and any municipality, county, school district or other local government unit or political subdivision;
7. All other public officers, boards, commissions, bodies and agencies of the State and its political subdivisions and agencies; and
8. Any other natural person, firm, group, corporation, association, institution and fund.
(Added to NRS by 1971, 267; A 1985, 355)
2023 Nevada Revised Statutes › Chapter 100 - Special Relations of Debtor and Creditor; Suretyship › NRS 100.010 - Assignment for creditors.

1. Subject to the provisions of subsection 2, in all assignments of property, whether real or personal, which shall hereafter be made by any person or chartered company or corporation, or by any person or persons, owning or leasing real or personal property, to trustees or assignees on account of inability at the time of the assignment to pay his, her or their debts, the wages of the miners, mechanics, salespersons, servants, clerks or laborers, employed by such person or persons, chartered company or corporation shall be held and deemed preferred claims, and paid by such trustees or assignees before any other creditor or creditors of the assignor, including the State as a creditor for amounts due under the provisions of chapter 372 of NRS.
2. The claims of each miner, mechanic, salesperson, servant, clerk or laborer thus preferred, shall not exceed in value $600, and the services shall have been rendered or labor performed within 90 days next preceding the assignment.
[1911 CPA § 551; A 1953, 48]—(NRS A 1960, 153)
2023 Nevada Revised Statutes › Chapter 100 - Special Relations of Debtor and Creditor; Suretyship › NRS 100.030 - NRS 100.010 and 100.020 not to affect prior liens.

Nothing contained in NRS 100.010 and 100.020 shall be construed to affect any homestead claims, mortgage or lien of any description, created and existing before the claim of such laborer accrued.
[Part 1911 CPA § 552; RL § 5494; NCL § 9041]
2023 Nevada Revised Statutes › Chapter 100 - Special Relations of Debtor and Creditor; Suretyship › NRS 100.040 - Requiring resort to different funds.

Where a creditor is entitled to resort to each of several funds for the satisfaction of his or her claim, and another person has an interest in, or is entitled as a creditor to resort to some, but not all, of them, the latter may require the former to seek satisfaction from those funds to which the latter has no such claim, so far as it can be done without impairing the right of the former to complete satisfaction, and without doing injustice to third persons.
[1:32:1923; NCL § 4080]
2023 Nevada Revised Statutes › Chapter 100 - Special Relations of Debtor and Creditor; Suretyship › NRS 100.050 - Order of resort to different funds.

Where one has a lien upon several things, and other persons have subordinate liens upon, or interests in, some but not all of the same things, the person having the prior lien, if he or she can do so without risk of loss to himself or herself, or of injustice to other persons, must resort to the property in the following order, on the demand of any party interested:
1. To the things upon which he or she has an exclusive lien;
2. To the things which are subject to the fewest subordinate liens;
3. In like manner inversely to the number of subordinate liens upon the same thing; and
4. When several things are within one of the foregoing classes, and subject to the same number of liens, resort must be had:
(a) To the things which have not been transferred since the prior lien was created;
(b) To the things which have been so transferred without a valuable consideration; and
(c) To the things which have been so transferred for a valuable consideration in the inverse order of the transfer.
[2:32:1923; NCL § 4081]
2023 Nevada Revised Statutes › Chapter 100 - Special Relations of Debtor and Creditor; Suretyship › NRS 100.060 - Agreements between principals and sureties for joint control of assets.

It is lawful for any party of whom a bond, undertaking or other obligation is required, to agree with the party’s surety or sureties for the deposit of any money and assets for which the party and the party’s surety or sureties are or may be held responsible, with a bank, credit union, savings bank, safe-deposit or trust company, authorized by law to do business as such, or with another depository approved by the court or a judge thereof, if the deposit is otherwise proper, for the safekeeping thereof, and in such manner as to prevent the withdrawal of the money or assets or any part thereof, without the written consent of the surety or sureties, or an order of court or a judge thereof, made on such notice to the surety or sureties as the court or judge may direct; but the agreement does not in any manner release from or change the liability of the principal or sureties as established by the terms of the bond.
[1:236:1949; 1943 NCL § 7633.01]—(NRS A 1999, 1456)
2023 Nevada Revised Statutes › Chapter 100 - Special Relations of Debtor and Creditor; Suretyship › NRS 100.065 - Deposits authorized in lieu of cash payment or surety bond for protection of State; surety bond must be issued by authorized insurer; exceptions.

1. Except as otherwise provided in subsections 4 and 5, in lieu of any cash payment or surety bond required as protection for the State of Nevada, the person required to provide the cash payment or surety bond may deposit with the State Treasurer, unless a different custodian is named by specific statute:
(a) Bonds of the United States or of the State of Nevada of an actual market value of not less than the amount of the required cash payment or surety bond;
(b) A letter of credit from a bank, savings bank, credit union or savings and loan association situated in Nevada, which meets the requirements set for that purpose by the State Treasurer; or
(c) A savings certificate, certificate of deposit or investment certificate of a bank, savings bank, credit union or savings and loan association situated in Nevada, which must indicate an account of an amount not less than the amount of the required cash payment or surety bond and, except as otherwise provided by specific statute, that the amount is not available for withdrawal except by direct order of the State Treasurer.
2. Whenever a savings certificate, certificate of deposit or investment certificate is deposited as provided in this section, interest earned on the certificate accrues to the account of the depositor.
3. If a surety bond is provided as protection for the State of Nevada, the bond must be issued by an insurer who is authorized or otherwise allowed under title 57 of NRS to issue such a bond pursuant to title 57 of NRS.
4. The Department of Motor Vehicles shall not accept bonds of the United States or of the State of Nevada in lieu of any cash payment or surety bond required to be deposited with the Department of Motor Vehicles as protection for the State of Nevada.
5. The Department of Taxation shall not accept bonds, savings certificates, certificates of deposit or investment certificates in lieu of the surety bond required to be deposited with the Department of Taxation pursuant to NRS 370.589.
(Added to NRS by 1967, 853; A 1989, 1072; 1993, 2403; 1999, 1456; 2019, 67, 641)
2023 Nevada Revised Statutes › Chapter 100 - Special Relations of Debtor and Creditor; Suretyship › NRS 100.075 - Creditor’s rights transferable without consent of debtor.

Any creditor may, without the consent of the debtor, transfer all or any part of his or her rights against the debtor to any third party. The assignee is entitled by virtue of an assignment or transfer to sue in his or her own name as a real party in interest. This section does not preclude a contract between the parties prohibiting the assignment or transfer of the creditor’s rights against the debtor to a third party.
(Added to NRS by 1975, 1343)
2023 Nevada Revised Statutes › Chapter 100 - Special Relations of Debtor and Creditor; Suretyship › NRS 100.085 - Deposits in names of two or more persons; fact that account held in joint tenancy does not preclude person named on account from committing or being prosecuted for exploitation.

1. When a deposit has been made in the name of the depositor and one or more other persons, and in a form intended to be paid or delivered to any one of them, or the survivor or survivors of them, the deposit is the property of the persons as joint tenants. If an account is intended to be held in joint tenancy, the account or proceeds from the account are owned by the persons named, and may be paid or delivered to any of them during the lifetime of all, or to the survivor or survivors of them after the death of less than all of the tenants, or the last of them to survive, and payment or delivery is a valid and sufficient release and discharge of the depository.
2. The making of a deposit in the form of a joint tenancy vests title to the deposit in the survivor or survivors.
3. When a deposit has been made in the name of the depositor and one or more other persons, and in a form to be paid or delivered to the survivor or survivors of them, but one or more of the other persons is not authorized to withdraw from the deposit during the life of the depositor or depositors, the person or persons so restricted have no present interest in the deposit, but upon the death of the last depositor entitled to withdraw, the deposit is presumed to belong to the survivor or survivors. Unless written notice of a claim against the deposit has been given by a survivor or a third person before payment or delivery, payment or delivery to a survivor is a valid and sufficient release and discharge of the depository.
4. For the purposes of this section, unless a depositor specifically provides otherwise, the use by the depositor of any of the following words or terms in designating the ownership of an account indicates the intent of the depositor that the account be held in joint tenancy:
(a) Joint;
(b) Joint account;
(c) Jointly held;
(d) Joint tenants;
(e) Joint tenancy; or
(f) Joint tenants with right of survivorship.
5. As set forth in NRS 200.50957, the mere fact that an account of an older person or a vulnerable person is held in joint tenancy pursuant to this section does not, in and of itself, convey to all persons named on the account legal ownership of the account and the deposits and proceeds of the account in a manner that would preclude such a person from committing or being prosecuted for exploitation involving the control or conversion of any deposits or proceeds of the account if the facts and circumstances demonstrate that exploitation has occurred, regardless of whether the intent to commit exploitation arose before, during or after the creation of the account.
6. As used in this section:
(a) "Exploitation" has the meaning ascribed to it in NRS 200.5092.
(b) "Older person" has the meaning ascribed to it in NRS 200.5092.
(c) "Vulnerable person" has the meaning ascribed to in NRS 200.5092.
(Added to NRS by 1977, 805; A 1995, 1054; 2023, 1405)