Nevada League Shields CUs in 81st State Legislative Session

Nevada state capitol building

This past Monday evening, the Nevada State Legislature finally adjourned its 81st session — and in typical fashion, there were many bills voted on in the late hours of the night leading into early Tuesday morning.

The 81st session was not an easy one for credit unions as the Nevada Credit Union League faced numerous proposals that would have harmed the credit union movement. Fortunately, the League was able to have favorable outcomes on a vast majority of these bills.

Early-session victories included dissuading the author and sponsor of moving Assembly Bill 152 forward, which would have created a state Fair Debt Collections Practices Act in Nevada that would have applied to credit unions.

Another victory was ensuring that Senate Bill 283, a commercial real estate version of Property Assessed Clean Energy (PACE), was not expanded into residential PACE and that lender consent remained in the statute.

As the session progressed, the League shifted its focus to Senate Bill 57, which would have allowed a county to collect fines made on a property in the same manner as property taxes. This super-priority lien status would have been particularly harmful since some of these fines could reach as high as $90,000.

"After months of hard lobbying, we were successful in not having the bill heard on the Assembly Floor," said Robert Wilson, vice president of state government affairs for the League. "A big thank you goes out to the Government Relations Committee that directed and guided the efforts of the League. And thank you to all who provided timely and essential feedback."

With this session wrapped up, the League will be turning its attention to congressional redistricting — so stay tuned!

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