Nevada § 604A.5026 - Extended payment plan: Customer eligibility; requirements; restrictions; default
Full text of Nevada Nevada Revised Statutes § 604A.5026 — Extended payment plan: Customer eligibility; requirements; restrictions; default, with citation guidance and answers to common questions.
§ 604A.5026. Extended payment plan: Customer eligibility; requirements; restrictions; default
1. A licensee who operates a deferred deposit loan service shall allow a customer
with an outstanding deferred deposit loan to enter into an extended payment plan if
the customer: (a) Has not entered into an extended payment plan for the deferred deposit loan during
the immediately preceding 12-month period; and (b) Requests an extended repayment plan before the time the deferred deposit loan
is due. 2. An extended payment plan entered into pursuant to subsection 1 must: (a) Be in writing and be signed by the licensee and customer; and (b) Provide a payment schedule of at least four payments over a period of at least
60 days. 3. An extended payment plan entered into pursuant to subsection 1 must not: (a) Increase or decrease the amount owed under the deferred deposit loan. (b) Include any interest or fees in addition to those charged under the terms of the
deferred deposit loan. 4. If a customer defaults under an extended payment plan entered into pursuant to
this section, the licensee may terminate the extended payment plan and accelerate
the requirement to pay the amount owed.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 604A.5026
What does Nevada Revised Statutes § 604A.5026 cover?
Section 604A.5026 ("Extended payment plan: Customer eligibility; requirements; restrictions; default") 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.5026?
A common citation format is "Nevada Revised Statutes § 604A.5026" (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.5026 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.