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Nevada Revised Statutes Title 55. Banks and Related Organizations § 675.3695. Information required to be provided by licensee

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Before making a loan under this chapter that constitutes consumer credit to a covered service member or a dependent of a covered service member, a licensee shall provide the following information to the covered service member or the dependent of a covered service member, as applicable, both orally and in writing:

(a) A statement of the annual percentage rate applicable to the loan;

(b) Any disclosures required by the provisions of the Truth in Lending Act and any regulations adopted pursuant thereto; and

(c) A clear description of the payment obligations of the covered service member or dependent, as applicable.

2. A licensee shall present the disclosures required by subsection 1 in accordance with the provisions of Regulation Z.

3. As used in this section:

(a) “Regulation Z” has the meaning ascribed to it in NRS 604A.090.

(b) “Truth in Lending Act” has the meaning ascribed to it in NRS 604A.120.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 675.3695. Information required to be provided by licensee - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-675-3695/

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