Enacts provisions relating to Internet consumer lenders. (BDR 55-951)

SB 437 establishes new requirements for Internet consumer lenders (those providing loans exclusively online) who serve Nevada residents. It mandates that loan contracts must follow Nevada law and require dispute resolution (like lawsuits or arbitration) to occur within Nevada, making any conflicting terms unenforceable. The bill also allows these lenders to obtain a Nevada license for out-of-state operations without needing an in-state license and exempts them from rules restricting lending in the same location as other businesses. These changes directly affect online lenders operating in Nevada and Nevada residents who take out such loans.