Chapter does not prohibit licensee from offering customer grace period; restrictions.
Nev. Rev. Stat. § 604A.210
in effect1. The provisions of this chapter do not prohibit a licensee from offering a customer a grace period on the repayment of a loan or an extension of a loan, except that the licensee shall not grant a grace period for the purpose of artificially increasing the amount which a customer would otherwise qualify to borrow.
2. Except in compliance with the provisions of NRS 604A.501 , subsection 2 of NRS 604A.5029 , NRS 604A.5037 , subsection 2 of NRS 604A.5057 or NRS 604A.5074 , where they apply, a licensee shall not:
(a) Condition the granting of the grace period on the customer making any new loan agreement or adding any addendum or term to an existing loan agreement; or
(b) Charge the customer interest at a rate in excess of that described in the existing loan agreement.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-604A.htmlFetched: 10/4/2026