Late Fees on Invoices in Nevada
What Nevada contractors and small businesses need to know about charging late fees, interest rates, prompt payment laws, and mechanics lien deadlines.
Max Interest Rate
Prime rate + 2% (variable); no specific usury cap for commercial
Small Claims Limit
$10,000
Small Claims Court (Justice Court)
Mechanics Lien Deadline
90 days from completion for GCs; 90 days from last furnishing for subs
Nevada Prompt Payment Act
Nevada Prompt Payment Act, NRS § 338.515 et seq.
Nevada requires public bodies to pay within 30 days of an approved application. Private construction follows NRS Chapter 108 for mechanics lien enforcement.
Late fee rules for Nevada invoices
Nevada has no usury cap on commercial contracts, giving businesses flexibility to set late fee terms. Fees must still be reasonable to be enforceable.
Nevada has no general usury statute. The default interest rate on judgments is the prime rate at the largest bank in Nevada plus 2%. Commercial contracts can specify any rate.
Important disclaimer
This page provides general information about Nevada late fee rules. It is not legal advice. Laws change, and your specific situation may have unique factors. For disputes involving significant amounts, consult a licensed attorney in Nevada.
Demand letters and mechanics liens in Nevada
Nevada does not require a demand letter, but a 15-day Notice of Intent to Lien must be served before recording the lien.
Mechanics lien deadline: 90 days from completion for GCs; 90 days from last furnishing for subs. A Notice of Lien must be recorded with the county recorder.
Sample late fee clause for Nevada invoices
“Payment is due within the terms specified above. A late fee of 1.5% per month (Prime rate + 2% (variable); no specific usury cap for commercial maximum per Nevada law) will be applied to all balances remaining unpaid after the due date. Pursuant to Nevada Revised Statutes § 108.221 et seq. (Mechanics' Liens), the undersigned reserves all rights to pursue collection including but not limited to mechanics lien filing, small claims action (up to $10,000 in Small Claims Court (Justice Court)), and referral to collections.”
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Start Free TrialFrequently asked questions — Nevada
What is the maximum late fee I can charge on an invoice in Nevada?▾
In Nevada, Nevada has no general usury statute. The default interest rate on judgments is the prime rate at the largest bank in Nevada plus 2%. Commercial contracts can specify any rate. Always disclose late fee terms in your contract or invoice before work begins.
Does Nevada have a prompt payment act?▾
Yes. Nevada requires public bodies to pay within 30 days of an approved application. Private construction follows NRS Chapter 108 for mechanics lien enforcement.
What is the small claims court limit in Nevada?▾
The small claims court limit in Nevada is $10,000. Claims are filed in Small Claims Court (Justice Court). You generally do not need an attorney for small claims.
How long do I have to file a mechanics lien in Nevada?▾
In Nevada, 90 days from completion for GCs; 90 days from last furnishing for subs. A Notice of Lien must be recorded with the county recorder.
Do I need to send a demand letter before filing a lien in Nevada?▾
Nevada does not require a demand letter, but a 15-day Notice of Intent to Lien must be served before recording the lien.