Category Archives: find me a payday loan

Supreme Court guidelines Nevada payday lenders can not sue borrowers on 2nd loans

Supreme Court guidelines Nevada payday lenders can not sue borrowers on 2nd loans

Nevada’s greatest court has ruled that payday loan providers can not sue borrowers whom just take down and default on additional loans used to spend the balance off on a preliminary high-interest loan.

The Nevada Supreme Court ruled in a 6-1 opinion in December that high interest lenders can’t file civil lawsuits against borrowers who take out a second loan to pay off a defaulted initial, high-interest loan in a reversal from a state District Court decision. Continue reading

Share