What a title loan costs — before Nevada’s rules
A title loan is usually a single-payment loan due in 15–30 days at around 25% per month — roughly 300% APR — secured by your vehicle. The defining risk is not the rate but the collateral: miss a payment and the lender can repossess the car, and research finds about one in five borrowers eventually loses the vehicle. Where a state caps rates low, single-payment title lending is not offered and a loan above the cap is generally void.
The law in Nevada
- Rate cap
- No cap on interest/APR; effective APRs commonly exceed 200%. Loan principal may not exceed the vehicle's fair market value and payments are subject to an ability-to-repay analysis.
- Key law
- Nevada Revised Statutes Chapter 604A; NRS 604A.105 defines a 'title loan'; NRS 604A.5074 governs loan duration.
- Enforcement
- Regulated by the Nevada Financial Institutions Division. On default the lender's sole remedy is repossession and sale of the vehicle; it generally cannot pursue the borrower for a deficiency.
Nevada sets no interest-rate cap on title loans under NRS Chapter 604A, though the loan amount may not exceed the vehicle's fair market value.
What it means for a Nevada borrower
Nevada is one of the most permissive states for car title loans, with no rate ceiling, so APRs can be extremely high. If you cannot repay, the lender can repossess and sell your car but usually cannot come after you for the remaining balance.
Before you borrow in Nevada
- Check whether the lender is licensed in Nevada — many high-cost online lenders are not.
- Revoke ACH authorization in writing to stop automatic withdrawals from your account.
- File a complaint with the Nevada attorney general and the CFPB.
- Ask whether the balance is even collectable under Nevada law before you pay a collector.
Cheaper first — try these before a title loan in Nevada
Title Loans and tribal lenders in Nevada
Many online lenders that market title loans to Nevada residents are tribal lenders arguing their sovereignty places them outside state rate caps — a separate legal question this site tracks in depth. For which tribal brands lend to Nevada residents and how state law applies to them, see the Nevada tribal-lending page.
Tribal loans in Nevada →Frequently asked questions
Are title loans legal in Nevada?
In Nevada, single-payment auto title loans are legal and enforceable, commonly around 300% APR, with the car as collateral. The speed is real; so is the repossession risk. Check the total cost and never pledge the car you rely on to get to work.
What is the maximum title loan rate in Nevada?
No cap on interest/APR; effective APRs commonly exceed 200%. Loan principal may not exceed the vehicle's fair market value and payments are subject to an ability-to-repay analysis.
What can I do about a title loan I already have in Nevada?
Nevada allows this lending, so the loan is generally enforceable — but you can still revoke ACH authorization in writing, avoid taking a second loan to cover the first, and file a complaint with the Nevada attorney general or the CFPB if the lender breaks the rules.