Nevada § 604A.5089 - Requirements regarding person acting as agent or assisting in making loan
Full text of Nevada Nevada Revised Statutes § 604A.5089 — Requirements regarding person acting as agent or assisting in making loan, with citation guidance and answers to common questions.
§ 604A.5089. Requirements regarding person acting as agent or assisting in making loan
1. A person shall not act as an agent for or assist a licensee who operates a title
loan service in the making of a title loan unless the licensee complies with all applicable
federal and state laws, regulations and guidelines. 2. The provisions of this section do not apply to the agent or assistant to a state
or federally chartered bank, thrift company, savings and loan association, savings
bank or industrial loan company if the state or federally chartered bank, thrift company,
savings and loan association, savings bank or industrial loan company: (a) Initially advances the loan proceeds to the customer; and (b) Does not sell, assign or transfer a preponderant economic interest in the title
loan to the agent or assistant or an affiliate or subsidiary of the state or federally
chartered bank, thrift company, savings and loan association, savings bank or industrial
loan company, unless selling, assigning or transferring a preponderant economic interest
is expressly permitted by the primary regulator of the state or federally chartered
bank, thrift company, savings and loan association, savings bank or industrial loan
company. 3. If a licensee who operates a title loan service acts as an agent for or assists
a state or federally chartered bank, thrift company, savings and loan association,
savings bank or industrial loan company in the making of a title loan and the licensee
can show that the standards set forth in subsection 2 are satisfied, the licensee
must comply with all other provisions in this chapter to the extent they are not preempted
by other state or federal law.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 604A.5089
What does Nevada Revised Statutes § 604A.5089 cover?
Section 604A.5089 ("Requirements regarding person acting as agent or assisting in making 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.5089?
A common citation format is "Nevada Revised Statutes § 604A.5089" (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.5089 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.