Nevada Becomes First State to Enact Earned Wage Access Law

Nevada recently became the first state to enact an earned wage access (EWA) law. It defines terms, requires EWA providers to be licensed in the state, and sets requirements for EWA services. It states that EWA services, provided by a licensee in compliance with the law, are not considered a loan [S.B. 290, L. 2023].

Effective Dates

Most provisions of the law will take effect on July 1, 2024. The law became effective June 13, 2023, for the purpose of adopting regulations and performing other administrative tasks necessary to implement the legislation.

A person who was engaged in the business of providing EWA services as of January 1, 2023, is allowed to continue to do so without obtaining a license until December 31, 2024, if the person submits an application for a license before January 1, 2024.

More States May Follow

Several other states are considering EWA bills, including: California, Georgia, Kansas, Mississippi, Missouri, New York, North Carolina, Texas, Vermont, and Virginia.

PayrollOrg Spport

PayrollOrg’s Government Relations Task Force (GRTF) celebrated the historic win. The GRTF spent the past two years working with key Nevada legislators, writing letters, and testifying to pass the bill and gain the governor's signature.

Interested in more state and local payroll coverage? PayrollOrg’s PayState Update eNewsletter is perfect for you.

Lia Coniglio, Esq., is Managing Editor of PayState Update and Senior Manager of State Payroll Information Resources for PayrollOrg.