Nevada will grant temporary licensing exemptions for lenders to participate in PPP program

State Issues Covid-19 Nevada Licensing SBA

On April 9, the Nevada Financial Institutions Division announced a program to grant temporary exemptions to certain licensing requirements under Chapter 675 of the Nevada Installment Loan and Finance Act for approved Small Business Administration 7(a) lenders interested in participating in the Paycheck Protection for businesses impacted by Covid-19. The announcement included the exemption request form that must be submitted to the division by interested lenders.