Nev. Admin. Code § 584.5971 - Loans to wholesale customers by distributors
1. Except as otherwise provided in subsection 2, a distributor shall not make or renew a loan of money to a current or prospective wholesale customer or in any way assist such a customer to obtain a loan of money.
2. A distributor may make or renew a loan of money to a prospective wholesale customer or a member of a cooperative grocery which is a current wholesale customer if:
(a) The distributor advises the Commission that he or she wishes to make or renew the loan;
(b) The loan is appropriately secured and requires payment of the prevailing market rate of interest;
(c) The loan is not contingent upon the purchase of dairy products; and
(d) The Commission approves the loan
3. As used in this section, "wholesale customer" means any customer of a distributor other than a retail customer.
Notes
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