Nev. Admin. Code § 604A.Sec. 18 - NEW
1. A licensee who makes:
(a) A deferred deposit loan; or
(b) A high interest loan, shall comply with the requirements of subsection 2.
2. Except as otherwise provided in section 13 of this regulation, a licensee who makes a loan described in subsection 1 shall, in real time, enter into the database the following information:
(a) Whether the customer is a covered service member.
(b) Whether the customer is a dependent of a covered service member.
(c) The origination date of the loan.
(d) The term of the loan.
(e) The principal amount of the loan.
(f) The total finance charge associated with the loan.
(g) The fee charged for the loan.
(h) The due date of the loan.
(i) The annual percentage rate of the loan.
(j) The scheduled payment amount.
(k) The payment details as required by section 20.
(l) The type of loan product.
(m) The gross monthly income of the customer.
Notes
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