Can I Get a Cash Advance on My Lawsuit in Nevada?

By Michael Shemtoub, trial attorney, Beverly Law. Updated November 2026.

What NRS Chapter 604C covers

Nevada passed this law in 2019 as Senate Bill 432, and the Financial Institutions Division’s SB 432 guidance applies it to transactions issued after October 1, 2019. It protects a “consumer”: a natural person who resides or is domiciled in Nevada and has a pending “bona fide civil claim or cause of action” (NRS 604C.060, 604C.150). It covers nonrecourse fundings of $500,000 or less, in which you assign a contingent right to part of a future recovery (604C.100).

A transaction that follows the chapter is not treated as a loan, and the chapter controls over conflicting statutes (604C.220). The same section puts the company’s lien behind only your attorney’s lien under NRS 18.015 and a Medicare lien tied to the claim; other liens keep their usual order, as our page on funding and medical liens explains.

Licensing and the 40% ceiling

Doing consumer litigation funding business in Nevada without a license is a misdemeanor, and the rule reaches companies that solicit or make transactions in the state (604C.320). Licensees file a surety bond of up to $50,000 (604C.540), keep $50,000 in assets per office (604C.390), file contract forms with the Commissioner before use (604C.300), and since 2025 must follow the federal Safeguards Rule for customer data (604C.410).

Section 604C.310 requires amounts owed to be set in advance for intervals of time, limits charges to “a rate of 40 percent annually,” and bars any amount figured as a percentage of your recovery. A one-time document preparation fee of up to $500 per claim is allowed on top (604C.110, 604C.040).

Example only: on a hypothetical $10,000 advance, one year of charges at the 40% ceiling is $4,000, and a $500 document fee could be added, for up to $14,500 owed after a year. Over a longer case the balance follows the contract’s schedule. Your contract terms decide what you owe, and they can be lower than the cap.

What the contract must show

Under NRS 604C.350 and 604C.360, the contract is in plain language, fully completed before you sign, initialed on every page and governed by Nevada law. The front page lists:

• the funded amount and each one-time charge, itemized
• the maximum total you could owe
• the amount due at the end of each 180-day period from the funding date

A boxed notice in capital letters says you repay only from the claim’s proceeds, with no personal liability if there are none, unless you materially breached the contract, committed fraud or gave knowingly false information. Above your signature you acknowledge that your lawyer gave no tax, benefits or financial advice. You also sign a separate disclosure stating the full cost in bold (604C.370), and multiple contracts with one company must show the cumulative amount due.

Cancelling, and your lawyer’s role

You may cancel without penalty within 5 business days after the funding date by returning the uncashed check or the full amount in person, or by mailing a cancellation notice with it by insured, certified or registered mail (604C.350).

Your lawyer must sign an acknowledgment confirming, among other points, that the charges were disclosed, that the fee is contingent under a written agreement, that proceeds will pass through the lawyer’s trust account or a settlement fund, and that no referral fee was or will be paid. Without it the contract is void, though it survives if you later change lawyers. See does my lawyer have to sign a funding contract.

What a Nevada funder may not do

NRS 604C.300 bars a funder from:

• paying or accepting referral fees with lawyers, medical providers, chiropractors, naprapaths or physical therapists
• intentionally advertising materially false or misleading information
• steering you to a particular lawyer or provider, except a bar referral service
• funding you while another company’s advance is unpaid, unless that company is paid first or both agree in writing to less
• receiving any right to decide how your claim is conducted or settled
• paying court costs, filing fees or attorney’s fees from the funding

Your lawyer and any referring lawyer may not hold a financial interest in the funder. More on the control ban is on can a funding company control my case.

Penalties and how to complain

A willful overcharge or other willful violation generally voids the contract (an unintentional, good-faith computation error corrected within 60 days is excepted), and the company may not collect principal, interest or charges (604C.800). The Commissioner can order restitution and civil penalties of up to $5,000 per violation, or $10,000 for breaking a final order (604C.810), suspend or revoke a license (604C.830), and fine unlicensed activity up to $50,000 (604C.840). The Attorney General’s powers remain (604C.850).

Anyone who believes the chapter was violated, including you or your lawyer, may file a complaint with the Commissioner giving your name, address and a concise statement of the facts with dates, places and people, certified as true as far as you know (604C.820). The Division takes complaints through its online form, at 702-486-4120, and at 3300 W. Sahara Ave., Suite 250, Las Vegas, NV 89102 (FID complaints page).

Nevada lawyers and your filing deadline

Nevada RPC 1.8(e) lets a lawyer advance court costs and litigation expenses, with repayment that may depend on the outcome. Modest gifts and humanitarian aid are allowed only for indigent clients served pro bono, through nonprofit or law school programs, or by public defenders and appointed criminal counsel, with no repayment. A contingency-fee injury lawyer cannot cover your living costs; see can my lawyer give me money before settlement.

An advance does not pause your deadline. Nevada generally allows 2 years to sue for injury or death caused by another’s wrongful act or neglect (NRS 11.190(4)(e)), with exceptions elsewhere in the statutes.

What to ask before you sign

• Under what name is your company licensed by the Nevada Commissioner of Financial Institutions?
• What annual rate does the contract charge, and is it 40% or less?
• What will I owe at each 180-day mark, and what is the most I could owe?
• Has my lawyer reviewed the contract and signed the acknowledgment?
• Is there an earlier advance that would have to be paid off first?

Compare prices on how much pre-settlement funding costs, other states on the state law table, and the basics in the lawsuit cash advance guide.

Common questions

Related pages

Cash advance on a lawsuit · Laws by state · Injury law FAQs

Important: This page is general information, not legal or medical advice, and reading it does not create an attorney-client relationship. Every case is different; talk to a lawyer about yours. Texas cases are handled by the firm’s Texas-licensed attorneys, Joyce Ondich and John Efstathiou. Last reviewed: November 7, 2026.