Nevada Spousal Credit Sharing May Conflict With Federal Law

Law360 (September 11, 2019, 4:24 PM EDT) -- In just a few weeks, lenders may face a challenging circumstance in evaluating applications for credit from some Nevada borrowers. Can lenders comply with a new Nevada law that allows applicants with no credit history to use their spouse’s credit history without violating the Equal Credit Opportunity Act and Regulation B, federal laws that generally prohibit consideration of marital status in evaluating creditworthiness?

And, in addition, in some circumstances, could compliance trigger violations of the Fair Credit Reporting Act which requires a permissible purpose to pull a credit report? There are strong arguments that the Nevada law is preempted, making this...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS