New Bill Would Limit Interest Rates on Nevada Payday Loans New Bill Would Limit Interest Rates on Nevada Payday Loans OppLoansNews BriefsSubprime LoansPayday LoansNew Bill Would Limit Interest Rates on Nevada Payday Loans New Bill Would Limit Interest Rates on Nevada Payday LoansInside Subprime: Feb 15, 2019By Lindsay FrankelA recommendation that would top financing costs on savage payday advances in Nevada drew nearer to turning out to be law this week. Get together Bill 118, supported by Assemblywoman Heidi Swank, D-Las Vegas, would keep payday banks from charging in excess of 36 percent premium every year on present moment loans.Should the bill pass, Nevada would follow in the strides of different states with comparative cutoff points, including Colorado, which put a 36 percent rate top on payday advances by means of a November polling form activity. The bill's arrangements are likewise like those of the Military Lending Act, which cutoff points financing costs on little dollar advances to 36 percent for administration members.
