Nevada Payday Loan Laws ?
I have a question in regards to payday companies. Do they have to be filed as a business and what are the laws on electronic signature loans? I am having a problem with a pro-claimed business with a loan. I am not aware of Nevada laws on electronic signature loans.
Which I never signed or faxed, in fact I only electronically signed and noticed I was never approved at that time of the process. Later on about a month I get a phone call saying they gave me a loan and I owe them money. I did not check my other account as it was an older one which I was going to close.
Anyways, after speaking to them I noticed in my Spam folder they sent a letter stating: “In order to approve your loan, you need to sign and fax back the attached form. Please print out, sign, and fax the form back to the fax number found on your documents.”
After reading it, I said to myself I never signed (pen-paper) or faxed it. They pretty much sent the loan straight to my old account.
I called my bank and got a statement, so apparently the amount of 0.00 dollars was deposited in, however the next day it was taken out by some merchant. I called that merchant and it seems to be a pattern that when you sign up for the loan your signing up for more.
I did an entity search on the State of Nevada website and I could not find any information about this payday company.
Tagged with: electronic signature • entity search • fax number • money • nevada laws • nevada website • pen paper • phone call • signature loans • spam folder • state of nevada
Filed under: Fax Number Search
The Payday company will probably argue that you intended the loan for your old account.
The second link has a section: Low-Cost Legal Aid, which you might need to straighten this out.
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NRS 720.160 Use of digital signature.
1. Except as otherwise provided in this section, if each person who will be involved in the submission and acceptance of a record agrees to the use of a digital signature, the use of a message which:
(a) Represents the record; and
(b) Is transformed by a digital signature,
constitutes a sufficient signing of the record.
2. The provisions of this section do not apply with respect to:
(a) A record that is required to be signed in the presence of a third party; or
(b) A record with respect to which the requirement that the record must be signed is accompanied by an additional qualifying requirement.
(Added to NRS by 1999, 1954; A 2001, 2722)
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