604A.470 - Partial payment on loan. - Nevada Statutes

604A.470  Partial payment on loan.

      1.  A customer may make a partial payment on a loan, or any extension thereof, at any time without an additional charge or fee.

      2.  If a customer makes such a partial payment, the licensee shall give to the customer a receipt with the following information:

      (a) The name and address of the licensee;

      (b) The identification number assigned to the loan agreement or other information that identifies the loan;

      (c) The date of the payment;

      (d) The amount paid;

      (e) An itemization of interest, charges and fees;

      (f) The balance due on the loan; and

      (g) If more than one loan made by the licensee to the customer was outstanding at the time the payment was made, a statement indicating to which loan the payment was applied.

      (Added to NRS by 2005, 1694)