Nevada § 97A.200 - Prohibited acts by issuer: Increase of interest rate based upon late payment to another creditor; universal default clauses; exception
Full text of Nevada Nevada Revised Statutes § 97A.200 — Prohibited acts by issuer: Increase of interest rate based upon late payment to another creditor; universal default clauses; exception, with citation guidance and answers to common questions.
§ 97A.200. Prohibited acts by issuer: Increase of interest rate based upon late payment to another creditor; universal default clauses; exception
1. An issuer shall not: (a) Increase the interest rate it charges a cardholder for the use of the card based
upon the late payment by the cardholder to another issuer or a creditor of the cardholder
that is not an affiliate or subsidiary of the issuer; or (b) Include a universal default clause in a contract or other agreement relating to
a credit card account. 2. Notwithstanding the provisions of subsection 1, an issuer may increase the interest
rate it charges a cardholder for the use of the card based on a change in the credit
rating of the cardholder. 3. As used in this section: (a) “ Affiliate or subsidiary of the issuer ” means an affiliate or subsidiary that conducts business under a name that is: (1) The same as the name of the issuer; or (2) Sufficiently similar to the name of the issuer that a cardholder could reasonably
believe that the cardholder is conducting business with the issuer. (b) “ Universal default clause ” means a clause or provision that allows an issuer to increase the interest rate
it charges a cardholder for the use of the card based upon the late payment by the
cardholder to another issuer or a creditor of the cardholder that is not an affiliate
or subsidiary of the issuer.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 97A.200
What does Nevada Revised Statutes § 97A.200 cover?
Section 97A.200 ("Prohibited acts by issuer: Increase of interest rate based upon late payment to another creditor; universal default clauses; exception") 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 § 97A.200?
A common citation format is "Nevada Revised Statutes § 97A.200" (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 § 97A.200 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.