Prohibited acts by issuer: Increase of interest rate based upon late payment to another creditor; universal default clauses; exception.
Nev. Rev. Stat. § 97A.200
in effect1. An issuer shall not:
(a) Increase the interest rate it charges a cardholder for the use of the card based upon the late payment by the cardholder to another issuer or a creditor of the cardholder that is not an affiliate or subsidiary of the issuer; or
(b) Include a universal default clause in a contract or other agreement relating to a credit card account.
2. Notwithstanding the provisions of subsection 1, an issuer may increase the interest rate it charges a cardholder for the use of the card based on a change in the credit rating of the cardholder.
3. As used in this section:
(a) Affiliate or subsidiary of the issuer means an affiliate or subsidiary that conducts business under a name that is:
(1) The same as the name of the issuer; or
(2) Sufficiently similar to the name of the issuer that a cardholder could reasonably believe that the cardholder is conducting business with the issuer.
(b) Universal default clause means a clause or provision that allows an issuer to increase the interest rate it charges a cardholder for the use of the card based upon the late payment by the cardholder to another issuer or a creditor of the cardholder that is not an affiliate or subsidiary of the issuer.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-097A.htmlFetched: 10/4/2026