Nevada Payday Loan Laws and Protections
A consumer guide to Nevada's income-based limit, 35-day term, cost disclosures, rescission right, and payment plans.
How Deferred-Deposit Loans Work in Nevada
In Nevada, payday loans are governed by Chapter 604A of the Nevada Revised Statutes as deferred deposit loans. All providers are required to hold a license by the Nevada Financial Institutions Division, even when they provide services to Nevada clients via the internet.
The term of a Nevada deferred deposit loan can be a maximum of 35 days. The licensee is required to determine if the customer has the ability to pay the loan back. To do this, the licensee must analyze the customer's income, occupational status, credit history, and the amount that will be owed after the loan is completed, as well as any and all other financial standing information.
Loan Amount and Cost Rules
Nevada does not impose a particular dollar limit for a deferred deposit loan. Instead, a loan cannot, when combined with the customer's other outstanding covered loans, exceed 25% of the customer's expected gross monthly income. The licensee is required to use the statewide database and the supporting income for this limit.
There are no stated numeric limits on the starting APR in Nevada. Check the written terms for dollar finance charge, APR, total payments and payment schedule, every fee, and account debit. An average statewide APR does not represent the actual cost of your contract.
Rescission and Partial Payments
A customer can rescind a transaction by the end of the next business day at the business location where the loan was initiated. The customer is required to return the proceeds or the original check, and the rescission fee cannot be charged by the licensee. The licensee is required to provide a paid-in-full receipt and to void the payment instrument.
The customer can make a full or partial payment on the loan at any time prior to the final due date and without an added cost. Each partial payment must come with a receipt which lists the payment, an account of the fees, and the new balance.
Payment Plans Before and After Default
An eligible customer can request an extended payment plan once per year before the due date. The plan must be written and stipulate four or more payments and a payment period of a minimum of 60 days. The plan cannot include any fees or interest in excess of the original loan.
Following a customer account default, a licensee is required to propose a repayment plan before initiating a civil lawsuit or pursuing another form of dispute resolution. This proposed repayment plan must remain available for a minimum of thirty (30) days after a default has occurred. Unless shortened by customer agreement, plans must be for a minimum of ninety (90) days after a payment default, and the first payment may not exceed twenty (20) percent of the amount due.
Default Interest and Returned-Payment Fees
Beyond the original term, extension, or repayment plan, post-default interest is restricted to the prime rate established by the Commissioner, plus 10 percentage points, and can only be collected for a period of 90 days. Other statutory restrictions also limit the amount of charges collected after default.
To returned checks or failed electronic transfers, resulting from having a closed account or insufficient funds, there is a limit of $25. There is a maximum of two insufficient funds fees, and a closed account fees, regardless of how many attempts the provider makes to complete the payment.
Before Borrowing in Nevada
Check the provider's license before disclosing personal data. Retain the agreement and receipts. Repayments should allow funds for essentials. Scams involve the request of a payment of an initial loan charge using a gift card, wire, or a form of digital currency.
Nevada Payday Loan Laws & Regulations
The Financial Institutions Division does the licensing for deferred deposit loan services. Since Chapter 604A pertains to other products as well, the following summary is confined to deferred deposit loans.
| Regulation | Nevada Rule |
|---|---|
| Governing law | Chapter 604A of the Nevada Statutes |
| Regulator | Nevada Financial Institutions Division |
| Maximum original term | Initial term duration: maximum of 35 days |
| Loan-amount limit | Total covered loans: maximum of 25% of anticipated gross monthly earnings |
| Initial APR cap | Starting APR: Chapter 604A doesn't specify a numeric cap; comprehensive cost disclosure needed |
| Ability to repay | Ability-to-repay assessment: mandatory prior to granting the loan |
| Rescission | To be completed by end of business the following day; no charge for rescission |
| Partial prepayment | Partial repayment in advance: allowed at any time with no fee |
| Pre-default extended plan | Should be requested prior to the payment due date; must consist of at least four installments over a minimum of 60 days; no additional interest or fees apply |
| Post-default plan | Must be made available before a lawsuit; a minimum of 90 days after default |
| Post-default interest | Commissioner's prime rate plus 10% (not a rate of 10%); for a maximum duration of 90 days |
Review Chapter 604A of the NRS. The Nevada Financial Institutions Division Licensing page allows for provider checks and regulatory information.
On September 7, 2026, links to the regulator and law were examined. The law and guiding principles of the regulator may be subject to change.