Supreme Court guidelines Nevada payday loan providers can not sue borrowers on 2nd loans
Nevada’s greatest court has ruled that payday lenders can’t sue borrowers whom just simply simply take out and default on additional loans utilized 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.
Advocates […]