Nevada Revised Statutes 97.075 – ‘Rate’ defined
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‘Rate’ means the percentage which, when multiplied times the unpaid balance for each month or other installment period, yields the amount of the finance charge for that month or period.
Terms Used In Nevada Revised Statutes 97.075
- Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC