Nevadans for the Common Good Pushes for Payday loan database and accountability

The bill requires the Division of Financial Institutions to contract with a vendor to create the database, which includes:

• Information from individuals with loans outstanding from more than one lender
• Any outstanding loan taken in the 30 days preceding another loan 
• Any case where a borrower has taken three or more loans from a single lender within a six month period  Story here.

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