Nevada Administrative Code
Chapter 584 - Dairy Products and Substitutes
STABILIZATION AND MARKETING PLAN
Unfair Practices
Section 584.5971 - Loans to wholesale customers by distributors
Universal Citation: NV Admin Code 584.5971
Current through December 12, 2024
1. Except as otherwise provided in subsection 2, a distributor shall not make or renew a loan of money to a current or prospective wholesale customer or in any way assist such a customer to obtain a loan of money.
2. A distributor may make or renew a loan of money to a prospective wholesale customer or a member of a cooperative grocery which is a current wholesale customer if:
(a) The distributor advises the Commission that he or she wishes to make or renew the loan;
(b) The loan is appropriately secured and requires payment of the prevailing market rate of interest;
(c) The loan is not contingent upon the purchase of dairy products; and
(d) The Commission approves the loan
3. As used in this section, "wholesale customer" means any customer of a distributor other than a retail customer.
Dairy Comm'n, Stabiliza. & Mktg. Plan - ENMA Art. V § A, eff. 9-15-79-NAC A 8-26-96; A by R023-16A, eff. 9/9/2016
NRS 584.067, 584.547, 584.585
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