Nevada Administrative Code
Chapter 604A - Deferred Deposit Loans, Short-Term Loans, Title Loans and Check-Cashing Services
GENERAL PROVISIONS
Section 604A.Sec. 16 - NEW
Universal Citation: NV Admin Code 604A.Sec. 16
Current through February 27, 2024
1. A licensee shall not charge or collect from a customer a fee:
(a) If a loan is not
approved.
(b) If a loan is
voided.
(c) If a loan is
rescinded.
(d) In an amount which
exceeds the actual cost of the fee charged to the licensee by the service
provider.
2. The fee must be itemized on the loan agreement, regardless of whether the fee is required to be included in the finance charge under the Truth in Lending Act, as amended, 15 U.S.C. §§ 1601 et. seq., and Regulation Z, 12 C.F.R. Part 226.
Added to NAC by Comm'r of Financial Institutions by R037-20A, eff. 12/29/2020
NRS 604A.303
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