Supreme Court guidelines Nevada payday loan providers can not sue borrowers on second loans

Nevada’s greatest court has ruled that payday lenders can’t sue borrowers whom just just take down and default on additional loans utilized to spend from the stability on a short 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. Leer más