NV state reference
Nevada lending rules
Nevada has 19 Census places covered on Personalloaned, with a combined estimated population of 1,844,864. Personal-loan terms in Nevada are set by licensed lenders under state law; the sourced rules below apply to every borrower in the state.
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- Usury cap No cap on agreed rates (NRS 99.050); absent a written contract, legal rate = prime rate + 2% (NRS 99.040)
- Payday lending Legal; deferred deposit loan services must be licensed under NRS 604A
- State regulator Nevada Financial Institutions Division (FID), Department of Business and Industry
Sourced rules
Key rules for borrowers in Nevada
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | No cap on agreed rates (NRS 99.050); absent a written contract, legal rate = prime rate + 2% (NRS 99.040) Source says: "parties may agree for the payment of any rate of interest on money due or to become due on any contract" |
Nevada Legislature (Nevada Revised Statutes) as of 2026-09-16 |
| Payday lending status | Legal; deferred deposit loan services must be licensed under NRS 604A Source says: "shall not operate a check-cashing service, deferred deposit loan service, high-interest loan service or title loan service unless the person is licensed with the Commissioner" |
Nevada Legislature (Nevada Revised Statutes) as of 2026-09-16 |
| Small-loan / installment lender licensing | Installment loan business requires a license from the Commissioner (NRS 675.060) Source says: "No person may engage in the business of lending in this State without first having obtained a license from the Commissioner pursuant to this chapter" |
Nevada Legislature (Nevada Revised Statutes) as of 2026-09-16 |
| State lending regulator | Nevada Financial Institutions Division (FID), Department of Business and Industry Source says: "Protects Nevada consumers and strengthens our state's economy by licensing, examining, and supervising banks, credit unions, money transmitters, and related financial services." |
Nevada Financial Institutions Division (Department of Business and Industry) as of 2026-09-16 |
| Legal rate when no written contract (NRS 99.040) | Prime rate at the largest Nevada bank + 2% (prime rate 6.75% as of July 1, 2026) Source says: "interest must be allowed at a rate equal to the prime rate at the largest bank in Nevada ... plus 2 percent" |
Nevada Financial Institutions Division (Department of Business and Industry) as of 2026-09-16 |
Cities in Nevada
We cover 19 Census places in Nevada. The count and the combined population figures are summed from the US Census Bureau's Vintage 2023 subcounty population estimates (retrieved 2026-09-17).
Common questions