State Codes and Statutes

Statutes > Nevada > Title-52 > Chapter-604a > Regulation-of-business-practices > 604a-420

604A.420  Practices regarding customers who are members of military.  Notwithstanding any other provision of law:

      1.  If a customer is a member of the military, a licensee shall:

      (a) Honor the terms of any repayment plan between the licensee and customer, including, without limitation, any repayment plan negotiated through military counselors or third-party credit counselors.

      (b) Honor any proclamation by a base commander that a certain branch location of the licensee is off-limits to members of the military and their spouses.

      2.  If a customer is a member of the military, a licensee shall not:

      (a) Garnish or threaten to garnish any wages or salary of the customer or the customer’s spouse; or

      (b) Contact or threaten to contact the military chain of command of a customer in an effort to collect the loan.

      3.  If a customer is a member of the military and is deployed to a combat or combat supporting position, a licensee shall not engage in any collection activity against the customer or the customer’s spouse.

      4.  As used in this section, “military” means the Armed Forces of the United States, a reserve component thereof or the National Guard.

      (Added to NRS by 2005, 1690; A 2007, 935, 2847)

     

State Codes and Statutes

Statutes > Nevada > Title-52 > Chapter-604a > Regulation-of-business-practices > 604a-420

604A.420  Practices regarding customers who are members of military.  Notwithstanding any other provision of law:

      1.  If a customer is a member of the military, a licensee shall:

      (a) Honor the terms of any repayment plan between the licensee and customer, including, without limitation, any repayment plan negotiated through military counselors or third-party credit counselors.

      (b) Honor any proclamation by a base commander that a certain branch location of the licensee is off-limits to members of the military and their spouses.

      2.  If a customer is a member of the military, a licensee shall not:

      (a) Garnish or threaten to garnish any wages or salary of the customer or the customer’s spouse; or

      (b) Contact or threaten to contact the military chain of command of a customer in an effort to collect the loan.

      3.  If a customer is a member of the military and is deployed to a combat or combat supporting position, a licensee shall not engage in any collection activity against the customer or the customer’s spouse.

      4.  As used in this section, “military” means the Armed Forces of the United States, a reserve component thereof or the National Guard.

      (Added to NRS by 2005, 1690; A 2007, 935, 2847)

     


State Codes and Statutes

State Codes and Statutes

Statutes > Nevada > Title-52 > Chapter-604a > Regulation-of-business-practices > 604a-420

604A.420  Practices regarding customers who are members of military.  Notwithstanding any other provision of law:

      1.  If a customer is a member of the military, a licensee shall:

      (a) Honor the terms of any repayment plan between the licensee and customer, including, without limitation, any repayment plan negotiated through military counselors or third-party credit counselors.

      (b) Honor any proclamation by a base commander that a certain branch location of the licensee is off-limits to members of the military and their spouses.

      2.  If a customer is a member of the military, a licensee shall not:

      (a) Garnish or threaten to garnish any wages or salary of the customer or the customer’s spouse; or

      (b) Contact or threaten to contact the military chain of command of a customer in an effort to collect the loan.

      3.  If a customer is a member of the military and is deployed to a combat or combat supporting position, a licensee shall not engage in any collection activity against the customer or the customer’s spouse.

      4.  As used in this section, “military” means the Armed Forces of the United States, a reserve component thereof or the National Guard.

      (Added to NRS by 2005, 1690; A 2007, 935, 2847)