§ 604A.0703 — “High-interest loan” defined
This text of Nevada § 604A.0703 (“High-interest loan” defined) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
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1. “High-interest loan” means a loan made to a customer pursuant to a loan agreement which, under its original terms, charges an annual percentage rate of more than 40 percent. 2. The term includes, without limitation, any single-payment loan, installment loan, open-ended loan or contract for the lease of an animal for a purpose other than a business, commercial or agricultural purpose which, under the original terms of the loan or contract, charges an annual percentage rate of more than 40 percent. 3. The term does not include:
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Nevada § 604A.0703, Counsel Stack Legal Research, https://law.counselstack.com/statute/nv/604A.0703.