Nevada § 97B.160 - Award of attorney’s fees when plaintiff is prevailing party in action to collect consumer debt

§ 97B.160. Award of attorney’s fees when plaintiff is prevailing party in action to collect consumer debt

1. If the plaintiff is the prevailing party in any action to collect a consumer debt,

the plaintiff is entitled to collect attorney's fees only if the consumer form contract

or other document evidencing the indebtedness sets forth an obligation of the consumer

to pay such attorney's fees and subject to the following conditions: (a) If a consumer form contract or other document evidencing indebtedness provides

for attorney's fees in some specific percentage, such provision and obligation is

valid and enforceable for an amount not to exceed 15 percent of the amount of the

debt, excluding attorney's fees and collection costs. (b) If a consumer form contract or other document evidencing indebtedness provides

for the payment of reasonable attorney's fees by the debtor, without specifying any

specific percentage, such provision must be construed to mean the lesser of 15 percent

of the amount of the debt, excluding attorney's fees and collection costs, or the

amount of attorney's fees calculated by a reasonable rate for such cases multiplied

by the amount of time reasonably expended to obtain the judgment. 2. The documentation setting forth a party's obligation to pay attorney's fees must

be provided to the court before a court may enforce those provisions.