Nevada § 604A.5053 - Partial payment on loan
Full text of Nevada Nevada Revised Statutes § 604A.5053 — Partial payment on loan, with citation guidance and answers to common questions.
§ 604A.5053. Partial payment on loan
1. A customer may make a partial payment on a high-interest loan, or any extension
thereof, at any time without an additional charge or fee. 2. If a customer makes such a partial payment, the licensee shall give to the customer
a receipt with the following information: (a) The name and address of the licensee; (b) The identification number assigned to the loan agreement or other information
that identifies the high-interest loan; (c) The date of the payment; (d) The amount paid; (e) An itemization of interest, charges and fees; (f) The balance due on the high-interest loan; and (g) If more than one loan made by the licensee to the customer was outstanding at
the time the payment was made, a statement indicating to which loan the payment was
applied.
Frequently Asked Questions About Nevada § 604A.5053
What does Nevada Revised Statutes § 604A.5053 cover?
Section 604A.5053 ("Partial payment on loan") 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.5053?
A common citation format is "Nevada Revised Statutes § 604A.5053" (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.5053 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.