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Usury Laws in Nevada

In Nevada, parties may agree in writing to any rate of interest, and when no rate is agreed in writing the rate is the prime rate at Nevada's largest bank plus 2%.

Last checked . General information, not legal advice.

Nevada at a glance

Maximum agreed rate
No cap (any rate agreed in writing)
A 36% APR cap applies to consumer credit for covered service members and their dependents.
Legal rate (no rate agreed)
Prime rate plus 2 points
Uses the prime rate at the largest bank in Nevada on January 1 or July 1, adjusted every six months.

Sources

Last checked

The rules in Nevada

What is the maximum interest rate on a private loan in Nevada?

Maximum agreed rate in Nevada: No cap (any rate agreed in writing). A 36% APR cap applies to consumer credit for covered service members and their dependents.

What interest rate applies in Nevada when no rate was agreed?

Legal rate (no rate agreed) in Nevada: Prime rate plus 2 points. Uses the prime rate at the largest bank in Nevada on January 1 or July 1, adjusted every six months.

Where do the Nevada usury laws come from?

The rules above come from Nev. Rev. Stat. 99.040 and Nev. Rev. Stat. 99.050. Each source is linked on this page. We last checked them in October 2026.

What this means in practice

Put the interest rate in writing. Many usury statutes set one limit for written agreements and a different, often lower, rate when nothing was agreed in writing. A signed promissory note or loan agreement that states the rate, the payment schedule and what happens on late payment avoids most disputes.

Count every charge, not only the stated rate. Courts may treat fees, points, required extras or a discount taken from the amount lent as interest when deciding whether a loan is usurious. A loan with a modest rate and large fees can still cross the limit.

Check who the lender is and what the loan is for. Usury limits often do not apply, or apply differently, to banks, licensed consumer lenders, credit card issuers, larger loans and loans to businesses or corporations. A rule written for loans between individuals may not cover your situation, so read the statute and its exceptions.

General information, not legal advice. Laws change, and cities can add their own rules, so check the current statute before you rely on it.