Application of chapter to persons who seek to evade its provisions.

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The provisions of this chapter apply to any person who seeks to evade its application by any device, subterfuge or pretense, including, without limitation:

1. Calling a loan by any other name;

2. Using any agents, affiliates or subsidiaries in an attempt to avoid the application of the provisions of this chapter; or

3. Having any affiliation or other business arrangement with an entity that is exempt from the provisions of this chapter pursuant to subsection 1 of NRS 604A.250, the effect of which is to evade the provisions of this chapter, including, without limitation, making a loan while purporting to be the agent of such an exempt entity where the purported agent holds, acquires or maintains a preponderant economic interest in the revenues generated by the loan.

(Added to NRS by 2005, 1686; A 2007, 932)


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