Receipt required for each payment by customer; contents.

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In addition to any other provision in this chapter, each time a customer who receives a title loan makes a payment to a licensee who operates a title loan service, the licensee shall give to the customer a receipt with the following information:

1. The name and address of the licensee;

2. The identification number assigned to the loan agreement or other information that identifies the title loan;

3. The date of the payment;

4. The amount paid;

5. The balance due on the title loan or, when the customer makes a final payment, a statement that the title loan is paid in full; and

6. If more than one loan made by the licensee to the customer was outstanding at the time the payment was made, a statement indicating to which loan the payment was applied.

(Added to NRS by 2005, 1698) — (Substituted in revision for part of NRS 604A.495)


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