FREQUENTLY ASKED
Answers for Nevada borrowers in Las Vegas, Henderson, Summerlin, Reno, Carson City and Lake Tahoe who are weighing a loan against a watch, jewelry or gold. For how state rules compare with California — where the loan is actually made — see the state lending-law guide. For specifics about your asset, email hi@luxuryassetloans.com.
In Nevada, pawnbrokers are licensed locally by the city or county where the shop operates. In Las Vegas that is City of Las Vegas business licensing, or Clark County business licensing for unincorporated areas such as the Strip corridor. State pawnbroker law then sets the record-keeping, police-reporting, interest and redemption rules those shops follow.
No. The loan is originated in California by a licensed California pawnbroker partner, so California law governs the agreement rather than Nevada’s pawnbroker rules. Anyone who prefers a loan made under Nevada rules should use a locally licensed Las Vegas or Reno shop.
The Vegas process page lays out a typical day.
Watches bought from Las Vegas resort boutiques and the secondary market, diamond and signed jewelry, and gold bullion and coins make up most of it. See the watches and gold pages for how each is valued.
Yes.
Ask the licensed lender what it reviews, and read the written terms before you sign.
The written agreement spells out the maturity date, whether you can renew, and how long you have to redeem under California law. If you cannot repay, talk to the lender before that date about renewal. Unredeemed items can be sold according to the agreement.
Ask the originating lender for its California license details at the appraisal. For a Nevada shop, the city or county business-licensing office that issued its license can confirm it.
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