Nevada § 604A.700 - Required books and records
Full text of Nevada Nevada Revised Statutes § 604A.700 — Required books and records, with citation guidance and answers to common questions.
§ 604A.700. Required books and records
1. Each licensee shall keep and use in his or her business such books and accounting
records as are in accord with generally accepted accounting practices. 2. Each licensee shall maintain a separate written or electronic record or ledger
card for the account of each customer and shall set forth separately the amount of
cash advance and the total amount of interest and charges, but such a record may set
forth precomputed declining balances based on the scheduled payments, without a separation
of principal and charges. 3. Each licensee shall preserve all such books and accounting records for at least
2 years after making the final entry therein. 4. Each licensee who operates outside this State an office or other place of business
that is licensed pursuant to provisions of this chapter shall: (a) Make available at a location within this State the books, accounts, papers, records
and files of the office or place of business located outside this State to the Commissioner
or a representative of the Commissioner; or (b) Pay the reasonable expenses for travel, meals and lodging of the Commissioner
or a representative of the Commissioner incurred during any investigation or examination
made at the office or place of business located outside this State. The licensee must be allowed to choose between the provisions of paragraph (a) or
(b) in complying with this subsection. 5. As used in this section, “ amount of cash advance ” means the amount of cash or its equivalent actually received by a customer or paid
out at the customer’s direction or in his or her behalf.
Frequently Asked Questions About Nevada § 604A.700
What does Nevada Revised Statutes § 604A.700 cover?
Section 604A.700 ("Required books and records") 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.700?
A common citation format is "Nevada Revised Statutes § 604A.700" (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.700 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.