Usury

Parties may agree for the payment of any rate of interest on money due or to become due on any contract, for the compounding of interest if they choose, and for any other charges or fees. The parties shall specify this in writing. A creditor may not charge an annual percentage rate that is greater than the lesser of 36% or the maximum annual percentage rate authorized under any federal law or regulation with respect to the consumer credit extended to a covered service member or a dependent of a covered service member. Any contract or agreement in violation of this subsection is void and unenforceable. NRS 99.050

This statute has been interpreted as abolishing usury limits within Nevada. See In re Schwalb, 347 B.R. 726, 754 fn.34 (2006) (citing Consumers Distrib. Co. v. Hermann, 107 Nev. 387, 393, 812 P.2d 1274 (1991)).