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Current as of January 01, 2021 | Updated by FindLaw Staff
A facilitator of a refund anticipation loan shall not:
1. Misrepresent a material factor or condition of a refund anticipation loan;
2. Fail to process the application for a refund anticipation loan promptly after the customer applies for the loan;
3. Engage in any dishonest, fraudulent, unfair, unconscionable or unethical practice or conduct in connection with a refund anticipation loan;
4. Arrange for a lender to take a security interest in any property of the customer, other than the proceeds of the customer's tax refund and the account into which that tax refund is deposited, to secure payment of the loan; or
5. Offer a refund anticipation loan to a customer in an amount that, when added to the refund anticipation loan fees and any other fees or charges related to the loan or the preparation of the tax return, exceeds the amount of the customer's anticipated tax refund.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 52. Trade Regulations and Practices § 604B.220. Prohibited practices by facilitator - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-52-trade-regulations-and-practices/nv-rev-st-604b-220/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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