Nevada § 604A.5053 Partial payment on loan

Nevada Statutes

§ 604A.5053 — Partial payment on loan

Nevada § 604A.5053

Title 52TRADE REGULATIONS AND PRACTICES

Ch. 604ADeferred

High-Interest Loan Services

This text of Nevada § 604A.5053 (Partial payment on loan) 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.

Bluebook

Nev. Rev. Stat. § 604A.5053 (2026).

Text

1. A customer may make a partial payment on a high-interest loan, or any extension thereof, at any time without an additional charge or fee. 2. If a customer makes such a partial payment, the licensee shall give to the customer a receipt with the following information:

(a)The name and address of the licensee;

(b)The identification number assigned to the loan agreement or other information that identifies the high-interest loan;

(c)The date of the payment;

(d)The amount paid;

(e)An itemization of interest, charges and fees;

(f)The balance due on the high-interest loan; and

(g)If more than one loan made by the licensee to the customer was outstanding at the time the payment was made, a statement indicating to which loan the payment was applied.

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1. A customer may make a partial payment on a high-interest loan, or any extension thereof, at any time without an additional charge or fee.
2. If a customer makes such a partial payment, the licensee shall give to the customer a receipt with the following information:
(a) The name and address of the licensee;
(b) The identification number assigned to the loan agreement or other information that identifies the high-interest loan;
(c) The date of the payment;
(d) The amount paid;
(e) An itemization of interest, charges and fees;
(f) The balance due on the high-interest loan; and
(g) If more than one loan made by the licensee to the customer was outstanding at the time the payment was made, a statement indicating to which loan the payment was applied.