675.020 - Definitions. - Nevada Statutes

675.020  Definitions.  As used in this chapter, unless the context otherwise requires:

      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.  “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.

      6.  “Licensee” means a person to whom one or more licenses have been issued.

      (Added to NRS by 1959, 226; A 1977, 193; 1983, 1805; 1985, 537; 1987, 1987)