By Michael Kind, Esq., Guest Blogger With over two times as many payday loan stores than there are casinos, you’ll find a payday loan storefront at almost every major intersection in Las Vegas. The payday loan industry in Nevada is about a half a billion dollars a year. This post provides a general overview of… Continue reading Nevada’s Payday Loan Laws
By Michael Kind, Esq., Guest Blogger A quick guide on how to get a free copy of your consumer report. AnnualCreditReport.com is a website maintained by the three biggest credit reporting agencies– Equifax, Experian, and TransUnion. The site was created in order to comply with their obligations under the Fair and Accurate Credit Transactions Act (FACTA) to provide… Continue reading How to Get a Free Copy of Your Credit Reports (Once a Year)
By Michael Kind, Esq., Guest Blogger Many people are scared of debt collectors. And for good reason: debt collectors are often accused of using unfair and deceptive tactics. These tactics may include making improper threats or harassing people who allegedly owe money. Kind Law 8860 S. Maryland Parkway, Suite 106, Las Vegas, Nevada 89123 (702)… Continue reading Can I Sue Under the Fair Debt Collection Practices Act?
Generally Nevada has no limit on the rate of interest to which parties may agree so long as the agreement reflects an arms-length transaction. Further, Nevada allows compound interest on loans. Pawnbrokers and Short Term Loans Although Nevada does not have a general limitation on interest rates, certain transactions and business are subject to interest rate… Continue reading Usury Laws in Nevada
UNFAIR TRADE PRACTICES In Nevada, the elements for a claim of deceptive trade practices are found in the following statutes: NRS 598.0915 “Deceptive trade practice” defined. A person engages in a “deceptive trade practice” if, in the course of his or her business or occupation, he or she: 1. Knowingly passes off goods or services for sale or lease… Continue reading Deceptive Trade Practices Statutes
“NOTICE!” YOU HAVE BEEN SUED.” These are words none of us ever wants to see. However, lawsuits are almost an inevitable cost of conducting business in today’s environment. A recent statistic suggests that over 120,000 Nevada businesses were sued last year alone in Nevada Courts. An old, but unfortunately true adage to keep in mind:… Continue reading What Should You do if You Have Been Sued?
For the first time in years, my wife did not participate in the after Thanksgiving “Black Friday” sales. Instead, she went on a family paintball outing. That didn’t stop her from spending several thousand dollars that day, or from opening accounts at Kohls, Target, JC Penny’s, or from applying for a new credit card. Well,… Continue reading Six Tips to Avoid Identity Theft
What is a Deficiency Judgment? Most homes in Nevada have loans against them for an amount greater than the actual market value of the home. If a homeowner owes $200,000 and the property is sold at foreclosure for $100,000, there is a $100,000 deficiency owed by the borrower. Nevada laws generally provide that the lender… Continue reading No More Deficiency Judgments in Nevada