Quick answer
Reno, NV residents can get loans from licensed lenders regulated by the Nevada Financial Institutions Division (Department of Business and Industry). Payday loans are legal. Call (800) 236-7761 or use the form to see which lenders will work with you today.
Loan options for Reno residents
Nevada law determines what loans are available, what they cost, and who can lend. Here is how each product stands under current Nevada law:
| Loan type | Status in NV | Key limits |
|---|---|---|
| Payday / cash advance | Legal | No per-$100 fee cap or APR cap for deferred deposit loans stated in NRS Chapter |
| Cash advance | Legal | Licensed lenders |
| Title loans | Restricted | No additional origination, set-up, collection, transaction, negotiation, handlin |
| Installment loans | Restricted | Loans charging more than 40% APR are 'high-interest loans' regulated under NRS C |
| Bad credit loans | Legal | Licensed lenders |
| Debt consolidation | Restricted | Special limits apply |
| Refinance | Restricted | Special limits apply |
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Nevada loan rules at a glance
All loan products in Reno follow Nevada law. Licensed lenders are regulated by the Nevada Financial Institutions Division (Department of Business and Industry). Here are the key provisions for the most common loan types:
Nevada loan rules at a glance
- Payday max amount
- No fixed dollar cap; a deferred deposit loan, combined with other outstanding loans of the customer, may not exceed 25 percent of the customer's expected gross monthly income (NRS 604A.5017)
- Payday term
- Original term must not exceed 35 days (NRS 604A.501)
- Payday cost cap
- No per-$100 fee cap or APR cap for deferred deposit loans stated in NRS Chapter 604A as reviewed; see notes
- Title loan term
- Original term must not exceed 30 days; up to six 30-day extensions permitted (NRS 604A.5074); amortizing installment title loans may run up to 210 days
- Title loan rate
- No additional origination, set-up, collection, transaction, negotiation, handling, processing, late or default fees may
- Payday licensing
- Deferred deposit loan service license from the Financial Institutions Division under NRS Chapter 604A
- Governing statutes
- Chapter 604A, Chapter TOC, NRS 604A.0703, NRS 604A.303
Regulator: Nevada Financial Institutions Division (Department of Business and Industry) · Phone: (702) 486-4120 · Statutes: Chapter 604A, Chapter TOC, NRS 604A.0703, NRS 604A.303 · Last verified: 2026-10-08
Cheaper options in Reno
Before you take a high-cost loan, check these local alternatives:
- County, area code(s), nearby cities for Reno (Census / FCC / state sources)
- Nevada product statuses restated concisely with regulator link (city inherits state law; never invent city-level law)
- Reno-specific local alternatives: credit unions offering PALs, municipal/state utility hardship programs, Reno 211 entry
- Nearby-city internal links