NAC604A.220. Prohibited acts: Acceptance of check as security for short-term loan or title loan.

Latest version.

A licensee who accepts a check as security for a short-term loan or title loan violates NRS 604A.435 even if:

1. The check is not negotiable; or

2. The licensee does not negotiate the check.

(Added to NAC by Comm’r of Financial Institutions by R150-05, eff. 12-29-2005)

                    
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