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

3/23/2019

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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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