In the state of Nevada payday lending is considered legal.
Legal status of payday lending in Nevada is indicated in the Stat. 604A.010 et seq. In this document there are also all the regulations concerning lending businesses.
Notwithstanding the fact that at large Nevada state laws are very soft when it comes to payday lending, still, there are some regulations.
NSF fee is set at $25 for the first two checks by the state law. In case a borrower does not make any repayments and moreover refuses to do so, a lender is allowed to hold civil liable against a borrower.
Criminal actions, however, should be taken only in case it is proved that a borrower has never meant to repay a loan. One thing that should be avoided in Nevada is defaulting on a loan. As it has been aforementioned, interest rates rise high to the skies in this case. Surely enough, the state takes measures to protect borrowers from harassment and threats of lenders and there is certain laws containing the regarding regulations. Still, it is better to repay in due time and be well aware of the laws in the field.
More information about Payday Loans in Nevada: http://www.fid.state.nv.us/