Section 604A.5037 - Limitations on original term1. Except as otherwise provided in this chapter, the original term of a high-interest loan must not exceed 35 days.2. The original term of a high-interest loan may be up to 90 days if: (a) The loan provides for payments in installments;(b) The payments are calculated to ratably and fully amortize the entire amount of principal and interest payable on the loan;(c) The loan is not subject to any extension;(d) The loan does not require a balloon payment of any kind; and(e) The loan is not a deferred deposit loan.3. Notwithstanding the provisions of NRS 604A.5057, a licensee who operates a high-interest loan service shall not agree to establish or extend the period for the repayment, renewal, refinancing or consolidation of an outstanding high-interest loan for a period that exceeds 90 days after the date of origination of the loan.(Added to NRS by 2007, 931; A 2017, 1440)-(Substituted in revision for part of NRS 604A.408)(Added to NRS by 2007, Ch. 265, § 5; A 2017, Ch. 274, § 5.5) - (Substituted in revision for part of NRS 604A.408)