Nevada § 691C.210 “Open-end credit” defined

Nevada Statutes

§ 691C.210 — “Open-end credit” defined

Nevada § 691C.210

Title 57INSURANCE

Ch. 691CCredit

This text of Nevada § 691C.210 (“Open-end credit” 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.

Bluebook

Nev. Rev. Stat. § 691C.210 (2026).

Text

“Open-end credit” means credit extended by a creditor under an agreement in which:

1.The creditor reasonably contemplates repeated transactions;

2.The creditor periodically imposes a finance charge on any outstanding unpaid balance; and

3.The amount of credit that may be extended to the debtor during the term of the agreement up to any limit set by the creditor is generally made available to the extent that any outstanding balance is repaid.

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“Open-end credit” means credit extended by a creditor under an agreement in which:
1. The creditor reasonably contemplates repeated transactions;
2. The creditor periodically imposes a finance charge on any outstanding unpaid balance; and
3. The amount of credit that may be extended to the debtor during the term of the agreement up to any limit set by the creditor is generally made available to the extent that any outstanding balance is repaid.