Nevada § 604A.5076 - Prohibited acts by licensee regarding amount of loan, ownership of vehicle and customer's ability to repay loan
Full text of Nevada Nevada Revised Statutes § 604A.5076 — Prohibited acts by licensee regarding amount of loan, ownership of vehicle and customer's ability to repay loan, with citation guidance and answers to common questions.
§ 604A.5076. Prohibited acts by licensee regarding amount of loan, ownership of vehicle and customer's ability to repay loan
A licensee who makes title loans shall not: 1. Make a title loan that exceeds the fair market value of the vehicle securing the
title loan. 2. Make a title loan to a customer secured by a vehicle which is not legally owned
by the customer. 3. Make a title loan without determining that the customer has the ability to repay
the title loan, as required by NRS 604A.5065 . In complying with this subsection, the licensee shall not consider the income of
any person who is not a legal owner of the vehicle securing the title loan but may
consider a customer's community property and the income of any other customers who
consent to the loan pursuant to subsection 5 and enter into a loan agreement with
the licensee. 4. Make a title loan without requiring the customer to sign an affidavit which states
that: (a) The customer has provided the licensee with true and correct information concerning
the customer's income, obligations, employment and ownership of the vehicle; and (b) The customer has the ability to repay the title loan. 5. Make a title loan secured by a vehicle with multiple legal owners without the consent
of each owner.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 604A.5076
What does Nevada Revised Statutes § 604A.5076 cover?
Section 604A.5076 ("Prohibited acts by licensee regarding amount of loan, ownership of vehicle and customer's ability to repay 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.5076?
A common citation format is "Nevada Revised Statutes § 604A.5076" (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.5076 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.