Nev. Rev. Stat. » NRS: CHAPTER 624 - CONTRACTORS
Nevada Revised Statutes

Nev. Rev. Stat. § 624.630 (2026)

Accrual of interest on money due; rate of interest

✓ current as of July 2026
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NRS 624.630  Accrual of interest on money due; rate of interest.  Any money which is payable to a prime contractor, higher-tiered contractor or lower-tiered subcontractor pursuant to NRS 624.609, 624.610, 624.620, 624.624, 624.626 or 624.628 accrues interest from the time it becomes due at a rate equal to the higher of:

      1.  The rate agreed upon in the agreement between the parties; or

      2.  The rate equal to the prime rate at the largest bank in this State, as determined by the Commissioner of Financial Institutions on January 1 or July 1, as the case may be, immediately preceding:

      (a) The time at which the agreement was signed; or

      (b) If the agreement was oral, the time at which the terms of the agreement were agreed to by the parties,

Ê plus 4 percent until the date of payment.

      (Added to NRS by 1987, 557; A 2005, 1734)

PROHIBITED ACTS; PENALTIES; ENFORCEMENT

     

Notes of Decisions
Cited in 3 cases, 2006–2019 · leading case: State Drywall, Inc. v. Rhodes Design & Dev., 127 P.3d 1082 (Nev. 2006).
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State Drywall, Inc. v. Rhodes Design & Dev., 127 P.3d 1082 (Nev. 2006). · cites it 4× “040(1) does not apply to money owed “[b]y a contractor to his subcontractor pursuant to NRS 624.630.” Rhodes contends that because it was a general contractor and State Drywall was a subcontractor, subsection (2)(b) precludes the calculation of prejudgment interest under NRS 99.”
Tutor Perini Bldg. Corp. v. Show Canada Indus. US, Inc. (Nev. 2019). “Prejudgment interest First, Tutor Perini argues that the district court erred in awarding prejudgment interest to Show Canada pursuant to NRS 624.630 in the amount of $601,960.18.”
Tutor Perini Bldg. Corp. v. Show Canada Indus. US, Inc. (Nev. 2019). “Prejudgment interest First, Tutor Perini argues that the district court erred in awarding prejudgment interest to Show Canada pursuant to NRS 624.630 in the amount of $601,960.18.”
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