Nevada Revised Statutes 604A.230 – Effect of amendment or repeal of chapter on preexisting lawful contracts
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This chapter or any part thereof may be modified, amended or repealed by the Legislature so as to effect a cancellation or alteration of any license or right of a licensee under this chapter, provided that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful loan agreement between any licensee and any customer.
Terms Used In Nevada Revised Statutes 604A.230
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.