Nevada (NV) Lawsuit Loans

Updated on 2/29/2024

This article helps plaintiffs and attorneys alike learn more about lawsuit loans and alternatives in Nevada. Below you will find the following information:

Lawsuit loan companies serving Nevada

Below you will find a list of companies that provide funding in Nevada. We highlight lawsuit loan companies we recommend, as well as local and regional funding companies where applicable.

Recommended lawsuit loan companies funding Nevada residents

We recommend the following companies for plaintiffs residing in Nevada.

Our pick for low rate lawsuit loans

USClaims offers some of the lowest, non-compounding rates in the industry. Many companies claim to offer “the lowest rates in the industry” – we recommend comparing them against an offer from USClaims to see for yourself.

View USClaims’ profile

Lawsuit loan companies located in Nevada

Compare Lawsuit Loans does not currently cover any local lawsuit lending companies in Nevada. Local funding companies interested in being included on this page may contact us at [email protected].

Regional pre-settlement funding companies that serve Nevada residents

  • Nova Legal Funding – Nova Legal Funding is a direct funder and broker of lawsuit loans based in Los Angeles. They claim to have provided more than $70 million of pre-settlement funding to plaintiffs.

Other pre-settlement lawsuit loan companies serving Nevada residents

  • Cherokee Funding – Georgia-based Cherokee Funding provides pre-settlement and post-settlement plaintiff and attorney funding. They claim to fund almost all types of legal cases, so long as there is solid liability, damages, and a defendant with the ability to pay.
  • Oasis Financial – Oasis Financial is one of the largest pre-settlement lawsuit loan companies in the United States. Oasis Financial has provided funding to more than 250,000 plaintiffs since 2003.
  • Preferred Capital Funding – Preferred Capital Funding claims to be the first pre-settlement funding provider in the US. They receive most of their business directly from referring attorneys.

Lawsuit funding laws, regulation, and relevant ethics opinions in Nevada

Nevada state law regulates consumer lawsuit loans (consumer litigation funding). The state requires registration and enforces a maximum interest rate of 40% for lawsuit loans to Nevada residents. The state bar prohibits lawyers from lending to their clients, but does not give an opinion on lawsuit loans from a third-party.

Laws regarding lawsuit loans in Nevada

Nevada’s statute – Chapter 604C – Consumer Litigation Funding – regulates pre-settlement lawsuit loans in the state. The statute requires a maximum interest rate of 40% annually and a maximum one-time fee structure of $500 per advance. The statute requires prominent disclosure of funding terms and conditions.
Source: Chapter 604C – Consumer Litigation Funding

Legal funding case law in Nevada

In Schwartz v Eliades the Supreme Court of Nevada stated “to maintain the suit of another is now, and always has been, held to be unlawful, unless the person maintaining has some interest in the subject of the suit.” However, statutory law now allows for lawsuit loans as seen above.
Source: Schwartz v. Eliades

Can a lawyer lend money to a client in Nevada?

In relation to a pending litigation, Nevada attorneys cannot help clients with living expenses. However, they can advance court expenses to the end of the case or, if the client is indigent, cover the court related fees entirely.
Source: Nevada Rules of Professional Conduct 1.8(e)

Lawsuit loan alternatives in Nevada

Lawsuit loans are expensive. Plaintiffs in Nevada should exhaust all other options before seeking legal funding. Check out the local resources below for some ideas: