Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 675.296 - Practices regarding customers who are members of military Notwithstanding any other provision of law:
1. If a borrower is a member of the military, a licensee shall:(a) Honor the terms of any repayment plan between the licensee and borrower, including, without limitation, any repayment plan negotiated through military counselors or third-party credit counselors.(b) Honor any proclamation by a base commander that a certain branch location of the licensee is off-limits to members of the military and their spouses.2. If a borrower is a member of the military, a licensee shall not: (a) Garnish or threaten to garnish any wages or salary of the borrower or his or her spouse; or(b) Contact or threaten to contact the military chain of command of a borrower in an effort to collect the loan.3. If a borrower is a member of the military and is deployed to a combat or combat supporting position, a licensee shall not engage in any collection activity against the borrower or his or her spouse.4. As used in this section, "military" means the Armed Forces of the United States, a reserve component thereof or the National Guard.Added to NRS by 2007, 2858Added to NRS by 2007, 2858