Nevada Revised Statutes 675.020 – Definitions. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing System and …
.] As used in this chapter, unless the context otherwise requires:
Terms Used In Nevada Revised Statutes 675.020
- Amount of cash advance: means the amount of cash or its equivalent actually received by a borrower or paid out at his or her direction or on his or her behalf. See Nevada Revised Statutes 675.020
- Commissioner: means the Commissioner of Financial Institutions. See Nevada Revised Statutes 675.020
- License: means a license, issued under the authority of this chapter, to make loans in accordance with the provisions of this chapter, at a single place of business. See Nevada Revised Statutes 675.020
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. ’Amount of cash advance’ means the amount of cash or its equivalent actually received by a borrower or paid out at his or her direction or on his or her behalf.
2. ’Amount of loan obligation‘ means the amount of cash advance plus the aggregate of charges added thereto pursuant to authority of this chapter.
3. ’Commissioner’ means the Commissioner of Financial Institutions.
4. ’Community’ means a contiguous area of the same economic unit or metropolitan area as determined by the Commissioner, and may include all or part of a city or several towns or cities.
5. ’Consumer credit’ has the meaning ascribed to it in NRS 604A.036.
6. ’Covered service member’ has the meaning ascribed to it in NRS 604A.038.
7. ’Dependent’ has the meaning ascribed to it in NRS 604A.057.
8. ’Internet business lender’ means a person who makes business loans exclusively through the Internet.
9. ’License’ means a license, issued under the authority of this chapter, to make loans in accordance with the provisions of this chapter, at a single place of business.
10. ’Licensee’ means a person to whom one or more licenses have been issued.