Nevada Revised Statutes (NRS) § 604A.5074(1) regulates title loans and limits the duration of the original term to 30 days. NRS § 604A.5074(3) extends the permissible duration up to 210 days if the title loan meets the requirements outlined in the subsection. A specific requirement delineated in the subsection is that 210-day title loans cannot be subject to any extension. NRS § 604A.065 defines extensions. Here, the Nevada Supreme Court held that the extension prohibition on the 210-day title loans includes refinances based on the plain language of NRS § 604A.065.
Furthermore, NRS § 604A.5076(1) limits a title loan amount to the “fair market value” (FMV) of a secured vehicle. The Nevada Supreme Court held that the FMV limitation only refers to the principal amount of the loan and does not include interest and other costs and fees.
Rusk, Brandon, "State, Dep’t of Bus and Indus. v. Titlemax of Nev., Inc., 137 Nev. Adv. Op. 55 (Sep. 23, 2021)." (2021). Nevada Supreme Court Summaries. 1444.