NRS 624.630
Accrual of interest on money due

  • rate of interest.
, 624.610, 624.620, 624.624, 624.626 or 624.628 accrues interest from the time it becomes due at a rate equal to the higher of:

1.

The rate agreed upon in the agreement between the parties; or

2.

The rate equal to the prime rate at the largest bank in this State, as determined by the Commissioner of Financial Institutions on January 1 or July 1, as the case may be, immediately preceding:

(a)

The time at which the agreement was signed; or

(b)

If the agreement was oral, the time at which the terms of the agreement were agreed to by the parties,
Ê plus 4 percent until the date of payment.
PROHIBITED ACTS; PENALTIES; ENFORCEMENT

Source: Section 624.630 — Accrual of interest on money due; rate of interest., https://www.­leg.­state.­nv.­us/NRS/NRS-624.­html#NRS624Sec630.

Last Updated

Feb. 5, 2021

§ 624.630’s source at nv​.us