Nevada § 604A.0703 - “High-interest loan” defined
Full text of Nevada Nevada Revised Statutes § 604A.0703 — “High-interest loan” defined, with citation guidance and answers to common questions.
§ 604A.0703. “High-interest loan” defined
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: (a) A deferred deposit loan; (b) A refund anticipation loan; or (c) A title loan.
Frequently Asked Questions About Nevada § 604A.0703
What does Nevada Revised Statutes § 604A.0703 cover?
Section 604A.0703 ("“High-interest loan” defined") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 604A.0703?
A common citation format is "Nevada Revised Statutes § 604A.0703" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 604A.0703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.