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 industryвЂ™s activities.
CARSON CITY вЂ” 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 industryвЂ™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.
вЂњItвЂ™s a great step that is firstвЂќ said Assemblywoman Heidi Swank, D-Las Las Vegas, that is sponsoring the bill with Assembly Speaker Jason Frierson, D-Las Las Vegas.