NRS 675.060
Unlicensed dealing in loans prohibited

  • license required for each office or other place of business.

1.

No person may engage in the business of lending in this State without first having obtained a license from the Commissioner pursuant to this chapter for each office or other place of business at which the person engages in such business, except that if a person intends to engage in the business of lending in this State as a deferred deposit loan service, high-interest loan service or title loan service, as those terms are defined in chapter 604A of NRS, the person must obtain a license from the Commissioner pursuant to chapter 604A of NRS before the person may engage in any such business.

2.

For the purpose of this section, a person engages in the business of lending in this State if he or she:

(a)

Solicits loans in this State or makes loans to persons in this State, unless these are isolated, incidental or occasional transactions; or

(b)

Is located in this State and solicits loans outside of this State or makes loans to persons located outside of this State, unless these are isolated, incidental or occasional transactions.

Source: Section 675.060 — Unlicensed dealing in loans prohibited; license required for each office or other place of business., https://www.­leg.­state.­nv.­us/NRS/NRS-675.­html#NRS675Sec060.

Last Updated

Feb. 5, 2021

§ 675.060’s source at nv​.us