Nevada lawmakers wish to produce cash advance database

Nevada lawmakers wish to produce cash advance database

Assembly Bill 515 would develop a database that is confidential of, high-interest and title loans done in Nevada. The theory is always to produce information, minus the names of men and women getting loans, that will better assist the state get a feeling of the industry’s activities.

CARSON CITY — Nevada officials want an easy method to trace and know how the loan that is payday works within the state.

Assembly Bill 515 would create a private database of payday, high-interest and title loans carried out in Nevada. The theory would be to produce information, with no names of individuals getting loans, that will better assist the state get a feeling of the industry’s tasks.

The balance was heard in the Assembly Government Affairs Committee which took no action on the bill monday. It really is exempt from due dates and a crisis demand through the presenter.

“It’s a great step that is first” said Assemblywoman Heidi Swank, D-Las Las Vegas, that is sponsoring the bill with Assembly Speaker Jason Frierson, D-Las Las Vegas.

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