Nev. Rev. Stat. § 97A.010
Definitions
As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 97A.020 to 97A.130, inclusive, have the meanings ascribed to them in those sections.
Nevada Revised Statutes Chapter 97A — Debt Evidenced by Credit Card
Nevada · statute · Nev. Rev. Stat. ch. 97A · 23 active provisions
Nev. Rev. Stat. § 97A.020
“Authorized user” defined
“Authorized user” means any person granted express, implied or apparent authority to use the credit card or credit card account of a cardholder. The term includes a secondary cardholder.
Nev. Rev. Stat. § 97A.030
“Beneficial use” defined
“Beneficial use” means any use made of the credit card or credit card account of a cardholder by a person other than the cardholder that results in a direct or indirect benefit to the cardholder or any member of the cardholder’s immediate family.
Nev. Rev. Stat. § 97A.040
“Cardholder” defined
“Cardholder” means a person: 1. Who establishes a credit card account; 2. Whose name appears on the credit card issued on that account; and 3. Who is liable for the payment of all charges incurred on that account.
Nev. Rev. Stat. § 97A.050
“Credit card” defined
“Credit card” means any instrument or device, whether known as a credit card, credit plate, or by any other name, issued with or without fee by an issuer for the use of the cardholder in obtaining money, property, goods, services or anything else of value on credit.
Nev. Rev. Stat. § 97A.060
“Credit card account” defined
“Credit card account” means an open line of credit offered by an issuer to a cardholder which is accessed by obtaining money, property, goods, services or anything of value by the use of a credit card.
Nev. Rev. Stat. § 97A.070
“False or fraudulent application” defined
“False or fraudulent application” means any written request for the issuance of a credit card, whether or not on a form prescribed by an issuer, that contains an intentional error or mistake regarding any material fact.
Nev. Rev. Stat. § 97A.080
“Financial institution” defined
“Financial institution” means: 1. A bank, commercial bank or banking corporation as defined in NRS 657.016; 2. A banking institution which is authorized to issue credit cards pursuant to federal or state law; 3. A banking subsidiary owned by a bank holding company pursuant to 12 U.S.C. § 1841, or by a savings and loan…
Nev. Rev. Stat. § 97A.090
“Interest” defined
1. “Interest,” however denominated or expressed, means the amount which is paid or payable for the privilege of purchasing goods or services with a credit card to be paid for in installments over a period that is longer than the grace period allowed by the issuer during which no payment is due. 2. The term includes: (a…
Nev. Rev. Stat. § 97A.100
“Issuer” defined
“Issuer” means a financial institution, or an authorized agent of a financial institution, that issues a credit card.
Nev. Rev. Stat. § 97A.110
“Joint account” defined
“Joint account” means a credit card account for which two or more persons agree in writing to be jointly and severally liable for all authorized charges incurred on the account.
Nev. Rev. Stat. § 97A.120
“Secondary cardholder” defined
“Secondary cardholder” means a person whose name appears on a credit card at the request of the cardholder for the purpose of authorizing that person to use the credit card account of the cardholder.
Nev. Rev. Stat. § 97A.130
“Service provider” defined
“Service provider” means any financial institution or organization retained by an issuer pursuant to a written agreement to provide services related to the administration of credit card accounts.
Nev. Rev. Stat. § 97A.140
Requirements for issuance of credit card; provision and change of terms and conditions for use of credit card; applicable state law
1. An issuer located in this State shall not issue a credit card to a cardholder unless the issuer first: (a) Provides the written notice required pursuant to NRS 97A.145 to the cardholder; and (b) Receives a written or oral request from the cardholder for the issuance of the credit card. 2. An issuer shall provide the…
Nev. Rev. Stat. § 97A.142
Verification of identity of person accepting firm offer of credit: When required; actions deemed to be verification of identity
1. If a solicitor makes a firm offer of credit for a credit card to a person by mail and receives an acceptance of that offer which has a substantially different address listed for the person than the address to which the solicitor sent the offer, the solicitor shall verify that the person accepting the offer is the sa…
Nev. Rev. Stat. § 97A.145
Issuer to provide cardholder with written notice concerning unlawful use of personal identifying information and credit information of cardholder; compliance with federal law deemed compliance with section
1. When issuing a credit card to a cardholder in this State, an issuer shall provide the cardholder with the written notice in the form prescribed by the Commissioner of Financial Institutions pursuant to this section. 2. The Commissioner of Financial Institutions shall adopt regulations prescribing the form of the wri…
Nev. Rev. Stat. § 97A.150
Liability for charges incurred on credit card account
1. A cardholder is personally liable for all charges incurred on his or her credit card account by: (a) The cardholder or an authorized user; and (b) Any other person if the charges result in a beneficial use to the cardholder. 2. An authorized user is jointly and severally liable for the actual charges the authorized…
Nev. Rev. Stat. § 97A.160
Records required in action to collect debt: Establishment of liability and amount; authentication; retention
1. Notwithstanding the provisions of chapter 52 of NRS, in any action brought to collect a debt owed to an issuer: (a) The issuer may establish that the cardholder is contractually liable for the debt owed by submitting the written application for a credit card account submitted to the issuer by the cardholder or evide…
Nev. Rev. Stat. § 97A.165
Contents of complaint; limitations
1. In an action brought to collect a credit card debt owed to a purchaser of credit card debt: (a) The complaint must include, without limitation: (1) The name of the issuer; (2) The last four digits of the account number originally assigned by the issuer; (3) All subsequent account numbers assigned to the credit card…
Nev. Rev. Stat. § 97A.170
Rights of issuer or service provider; action to determine liability for unauthorized negotiable instrument used to make payment
1. An issuer or service provider shall be deemed to be a payee with respect to any payment made on a credit card account of a cardholder by a check or other negotiable instrument. 2. Upon the posting of a payment on a credit card account of a cardholder by the issuer or service provider, an issuer has changed its posit…
Nev. Rev. Stat. § 97A.180
Transfer of information if issuer is subsidiary
1. If an issuer is a subsidiary directly or indirectly owned by a bank holding company as defined in 12 U.S.C. § 1841, a savings and loan holding company as defined in 12 U.S.C. § 1467a(a)(1)(D) or a holding company of any other financial institution, information relating to the credit card account of a cardholder may…
Nev. Rev. Stat. § 97A.200
Prohibited acts by issuer: Increase of interest rate based upon late payment to another creditor; universal default clauses; exception
1. An issuer shall not: (a) Increase the interest rate it charges a cardholder for the use of the card based upon the late payment by the cardholder to another issuer or a creditor of the cardholder that is not an affiliate or subsidiary of the issuer; or (b) Include a universal default clause in a contract or other ag…
Nev. Rev. Stat. § 97A.210
Prohibited acts by issuer: Prohibiting merchant from offering certain discounts
No issuer may, by contract or otherwise, prohibit a merchant from offering a discount to a customer to induce the customer to pay by cash, check or similar means rather than by use of a credit card or a credit card account for the purchase of goods or services.