If the Nevada House passes Senate Bill 17, Nevada payday loan laws will soon be changing. Currently, Nevada is one of a handful of states that does not regulate payday loans. There are no limits on interest rates or the number of payday loans you can have out. All of this could soon change. Under Senate Bill 17, borrowers will have to wait 45 days between paying off one payday loan in Nevada and taking out the next. The state plans to create a database to track who is borrowing money and how often they are taking out those payday loans. Treasurer Dan Schwartz states he only wants to help protect borrowers and not affect payday loans in Nevada. It doesn't change the fact, however, that if the bill passes, borrowers may find it hard to borrow money when they desperately need it.