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Question: Does this fall under the usury law in NV?
ANS: NV is unusual in that it sets very high markers before it considers a loan
to be usurious. In NV a “High-interest loan” means a loan made to a customer pursuant to a loan agreement which, under its original terms, charges an annual percentage rate of more than 40 percent.
So, no the 15% interest is not usurious. You can read more about the law here:
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