SB 437
Enacts provisions relating to Internet consumer lenders. (BDR 55-951)
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill modifies Nevada’s regulations for internet consumer lenders. It allows internet consumer lenders to apply for a Nevada license for an office outside the state, even without an existing in-state license, provided they meet certain requirements. The bill also mandates that contracts between these lenders and Nevada residents must be governed by Nevada law and require dispute resolution within the state. Furthermore, it exempts internet consumer lenders from restrictions on operating their business alongside other businesses, and requires specific information to be included in license applications.
Sponsors
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Primary sponsor
Senate Committee on Commerce and Labor
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