THEIR STATE OF NEVADA DIVISION OF COMPANY AND BUSINESS FINANCE INSTITUTIONS DIVISION v. DOLLAR LOAN CENTER LLC DOMESTIC LIMITED LIABILITY BUSINESS

THEIR STATE OF NEVADA DIVISION OF COMPANY AND BUSINESS FINANCE INSTITUTIONS DIVISION v. DOLLAR LOAN CENTER LLC DOMESTIC LIMITED LIABILITY BUSINESS

Following the district court figured NRS 604A.480(2) “contains no prohibition of any sort against a licensee, but they are just the conditions precedent that must definitely be satisfied for a licensee become exempt from” NRS 604A.480(1)’s requirements, FID filed this appeal.

The events in this appeal disagree as to whether: (1) NRS 604A.480(2)(f) pubs a licensee providing you with that loan under NRS 604A.480(2) from bringing just about any enforcement action on that refinanced loan if the debtor defaults; or (2) the supply operates as an ailment precedent to creating a refinancing loan under that statute, and so, will not bar a subsequent action to enforce the refinanced loan. We have been presented with the narrow question of whether a licensee can sue to collect from the data data recovery of a loan under NRS 604A.480(2) designed for the goal of refinancing previous loans.

This court product reviews concerns of statutory construction de novo. Pub. Emps.’ Ret. Sys. of Nev. v. Reno Newspapers, Inc., 129 Nev. 833, 836, 313 P.3d 221, 223 (2013). “[S]tatutes having a purpose that is protective be liberally construed to be able to effectuate the huge benefits designed to be acquired.” Cote H. v. Eighth Judicial Dist. Court, 124 Nev. 36, 40, 175 P.3d 906, 908 (2008) (interior quote markings omitted). Continue reading “THEIR STATE OF NEVADA DIVISION OF COMPANY AND BUSINESS FINANCE INSTITUTIONS DIVISION v. DOLLAR LOAN CENTER LLC DOMESTIC LIMITED LIABILITY BUSINESS”