Costs and Terms of a Typical Installment Loan in the State of Nevada
NOTICE OF FEES CHARGED FOR INSTALLMENT LOAN SERVICE
The following is a representative example for the Finance Charges for a $2,100 installment loan with OppLoans. This example is based on the assumption that the loan will be repaid as scheduled.
|Amount Financed||Finance Charge||Total of Payment||APR|
*Regulated by the State of Nevada Financial Institutions Division. The Annual Percentage Rate (“APR”) is the cost of your loan expressed at a yearly rate. The above APR is based upon an example loan with a payment schedule of 19 bi-weekly payments of $187.42 and a final payment of $187.42. Please note, the aforementioned finance charge is the total amount of interest that would be paid if the loan is kept out for the full term. Loans may be repaid without penalty. Loan approval and loan terms are based on the lender’s underwriting standards.
NOTICE OF RIGHT TO CONTACT THE STATE OF NEVADA FINANCIAL INSTITUTIONS DIVISION REGARDING CONCERNS OR COMPLAINTS
You may contact the State of Nevada Financial Institutions Division regarding concerns or complaints about the service provider with whom you are dealing with by writing or calling:
State of Nevada Dept. of Business & Industry
Financial Institutions Division
3300 W. Sahara Ave., Suite 250
Las Vegas, Nevada 89102
Toll Free: (866) 858-8951
Phone: (702) 486-2750
Fax: (702) 486-4563
OppLoans is an online high-interest loan provider regulated by the Nevada Financial Institutions Division and is licensed to do business with Nevada residents as a high-interest lender from the OppLoans offices located in Illinois and Nevada.
To file a complaint with Nevada Financial Institutions Division: http://fid.nv.gov/uploadedFiles/fidnvgov/content/Home/FID%20Generic%20Complaint%2003%2027%202017.pdf