Nevada § 99.055 - Prepayment of loans
Full text of Nevada Nevada Revised Statutes § 99.055 — Prepayment of loans, with citation guidance and answers to common questions.
§ 99.055. Prepayment of loans
When any loan is prepaid, the amount of interest earned must be computed by applying
the agreed rate to the unpaid balance for each period. Any greater amount of interest which may have been precomputed and included in the
balance due must be allowed as a credit on any amount due or refunded. This section does not preclude the imposition of any: 1. Penalty for prepayment; or 2. Single charge for making the loan, to which the parties agree when the loan is made.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 99.055
What does Nevada Revised Statutes § 99.055 cover?
Section 99.055 ("Prepayment of loans") 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 § 99.055?
A common citation format is "Nevada Revised Statutes § 99.055" (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 § 99.055 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.