Two different claims. The first means a person traced every figure on this page to the regulator, the statute or a court — each one cited inline, click any marker to open the source. The second is automated: our monitor confirms daily that those sources still resolve and still contain the text we cite them for. Only a person moves the first. Only the monitor moves the second.
No usury law and no rate cap — confirmed by the Nevada Supreme Court. The only limit is that the loan, including interest and fees, may not exceed a quarter of your monthly income.
Correction — the Nevada Supreme Court settles this
We previously flagged a conflict: at least one published guide lists Nevada with a 36% cap. It is wrong, and the Supreme Court of Nevada states the position plainly — Nevada does not have a usury law, so there is no statutory cap on interest rates.Nevada · Supreme CourtNevada Supreme Court, State Dept. of Business and Industry, Financial Institutions Division v. Check City Partnership — Nevada does not have a usury law, so there is no statutory cap on interest rates; however, NRS 604A.425 limits the amount of a deferred deposit loan to 25 percent of the borrower's expected gross monthly income
The only limit on size is NRS 604A.425: a deferred deposit loan may not exceed 25% of the borrower’s expected gross monthly income.
That question went to the Supreme Court. A lender argued the cap applied only to the amount borrowed. The Court held that NRS 604A.425 unambiguously includes both principal and any interest or fees charged, and reversed the ruling in the lender’s favour.
So the test is the total you will owe against a quarter of your monthly income — not the cash you receive. If a lender has calculated it the other way, the loan is too large.
A repayment plan before they can sue you. Before commencing legal action on a defaulted loan, a lender must offer a repayment plan by written agreement no later than 15 days after the default.
Your language, not theirs. Loan terms must be presented in the language in which the transaction was conducted. If you did the deal in Spanish, the agreement must be in Spanish.
A statewide database. SB 201 (2019) required the Commissioner to build and maintain a database of deferred deposit, high-interest and title loans, so lenders must check your cumulative borrowing against the 25% limit.Nevada · RegulatorNevada Financial Institutions Division proposed regulation implementing SB 201 (2019) — requiring the Commissioner to develop, implement and maintain a database storing information relating to deferred deposit loans, title loans and high-interest loans made to customers in this State
Under NRS 604A.555, a licensee who knows or reasonably should know that another person is violating the chapter must report them to the Commissioner within 30 days.Nevada · StatuteNRS 604A.555 — a licensee shall report to the Commissioner any person the licensee knows, or reasonably should know, is in violation of the provisions of this chapter within 30 days
An unusual provision, and a useful one to cite if a licensed lender has been referring you to an unlicensed one.
Failure to keep documentation proving compliance with the 25% limit is itself presumed to be a violation.Nevada · RegulationNAC 604A.180 — a licensee who fails to provide the Commissioner with the documentation required by this section is presumed to have violated NRS 604A.425
You can revoke authorisation and instruct your bank to stop the payment, whatever your agreement says.
What Regulation E says about automatic payments →
A payday loan is a consumer debt. If it goes unpaid, two Nevada rules decide what a lender can do next: how long it has to sue you, and how much of your pay a court can order taken.
Being sued over an old payday loan? A collector can still file, but the time limit is a defence you can raise — and you cannot be jailed for the debt. What can and cannot happen if you don’t pay →