Home > Payday Loans Nevada

Payday Loans Nevada

Nevada State – Payday Loans Information

Payday loans Nevada are made by payday loan stores, check cashers, and pawn shops. Some rent-to-own companies also make payday loans. Loans are also marketed via toll-free telephone numbers and over the Internet. All a consumer needs to get a payday loan is an open bank account in relatively good standing, a steady source of income, and identification. Lenders do not conduct a full credit check or ask questions to determine if a borrower can afford to repay the loan.

Legal Status: Legal

Loan Terms:

Maximum Loan Amount: 25% of expected gross monthly income

Loan Term: 35 days

Maximum Finance Rate and Fees: Not Specified (After default: interest rate must be equal to or less than the prime rate at the largest bank in the State of Nevada plus 10 %)

Finance Charge for 14-day $100 loan: No Limit

APR for 14-day $100 loan: No Limit

Debt Limits:

Maximum Number of Outstanding Loans at One Time: Not Specified

Rollovers Permitted: Yes, with proceeds of new loan. (Lenders cannot extend payment period beyond 60 days after expiration of initial loan period)

Cooling-off Period: N/A

Repayment Plan: N/A

Collection Limits:

Collection Fees: $25 dishonored check fee (max. two fees for insufficient funds; max. one fee for closed account); court costs; reasonable attorney’s fees; service of process costs

Criminal Action: Prohibited (Unless customer acted with criminal intent)

Call for Cash: +1 (855) 462-5019

State Regulator

Get matched with direct lender Apply Now!