Nev. Rev. Stat. § 666.410 — NV Code / Title 55 / Chapter 666 / Section 666.410
Establishment or acquisition of Nevada branch by out-of-state depository institution or out-of-state holding company
Status: in_force

1. An out-of-state depository institution without a branch in Nevada or an out-of-state holding company without a depository institution in Nevada may not establish a de novo branch in this State or acquire, through merger or otherwise, a branch of a depository institution in Nevada without acquiring the institution itself or its charter, except that, with the written approval of the Commissioner: (a) An out-of-state depository institution without a branch in Nevada may establish a branch office or acquire an existing branch in a county whose population is less than 100,000 without acquiring or merging with a Nevada depository institution or a Nevada holding company. Except as otherwise provided in subsection 2, an out-of-state depository institution that establishes or acquires a branch office pursuant to this paragraph continues to be considered an out-of-state depository institution without a branch in Nevada for the purposes of all other provisions of this chapter. (b) An out-of-state depository institution without a branch in Nevada which is owned or controlled by a holding company that is entitled to the exemption set forth in section 4(c)(i) of the Bank Holding Company Act of 1956, as amended, 12 U.S.C. § 1843(c)(i) , may acquire an existing branch in Nevada without acquiring or merging with a Nevada depository institution or a Nevada holding company.

2. An out-of-state depository institution that on or before April 1, 2007, has, pursuant to paragraph (a) of subsection 1, established or acquired, or been approved by the Commissioner to establish or acquire, a branch in a county whose population is less than 100,000, may establish or acquire a branch in a county whose population is 100,000 or more so long as the out-of-state depository institution continues to operate a branch in a county whose population is less than 100,000.

3. An out-of-state depository institution that establishes or acquires a branch office pursuant to this section may issue a credit card pursuant to the provisions of chapter 97A of NRS.
Nev. Rev. Stat. § 669.130 — NV Code / Title 55 / Chapter 669 / Section 669.130
Unlawful for retail trust company to commence business without authorization of Commissioner
Status: in_force

A retail trust company shall not transact business, except business that is incidental to its organization, until it is authorized by the Commissioner to commence the business of a trust company as provided in this chapter.
Nev. Rev. Stat. § 671.345 — NV Code / Title 55 / Chapter 671 / Section 671.345
Administration, interpretation and enforcement of chapter: Powers and duties of Commissioner; regulations
Status: in_force

1. To carry out the purposes of this chapter, the Commissioner may: (a) Enter into agreements or relationships with other governmental officials, federal and state regulatory agencies and regulatory associations in order to improve efficiencies and reduce regulatory burden by standardizing methods or procedures and sharing resources, records or related information obtained under this chapter; (b) Use, hire, contract or employ analytical systems, methods or software to examine or investigate any person subject to this chapter; (c) Accept from other state or federal governmental agencies or officials licensing, examination or investigation reports made by such agencies or officials; and (d) Accept audit reports made by an independent certified public accountant or other qualified third-party auditor for an applicant for a license or licensee and incorporate the audit report into any report of examination or investigation.

2. The Commissioner shall administer, interpret and enforce the provisions of this chapter and may adopt such regulations as the Commissioner deems appropriate for those purposes.
Nev. Rev. Stat. § 669.245 — NV Code / Title 55 / Chapter 669 / Section 669.245
Commissioner authorized to be signatory
Status: in_force

The Commissioner is authorized to be, on his or her own behalf and that of the Division of Financial Institutions, a signatory to the Nationwide Cooperative Agreement for Supervision and Examination of Multi-State Trust Institutions as adopted by the Conference of State Bank Supervisors and exercise his or her discretion in the supervision of multi-state trust institutions consistently with that agreement.
Nev. Rev. Stat. § 673.229 — NV Code / Title 55 / Chapter 673 / Section 673.229
Savings bank or trust company that assumes role of custodian for individual retirement account to provide notice to holder of account
Status: in_force

1. If a trust company or savings bank assumes the role of custodian for any individual retirement account within the meaning of section 408(a) of the Internal Revenue Code of 1986 , 26 U.S.C. § 408(a) , from: (a) An affiliate of the trust company or savings bank, as applicable; (b) Another trust company or savings bank; or (c) An affiliate of another trust company or savings bank, the trust company or savings bank, as applicable, which is assuming the role of custodian shall, in the manner required pursuant to the terms of the documentation of the individual retirement account and any requirements set forth in applicable federal law, provide each holder of the account with notice that the trust company or savings bank, as applicable, is assuming the role of custodian of the account.

2. As used in this section, “trust company” has the meaning ascribed to it in NRS 669.070 .
Nev. Rev. Stat. § 662.305 — NV Code / Title 55 / Chapter 662 / Section 662.305
Emergency closure: Effect of closing
Status: in_force

1. Any day on which a bank, or any one or more of its offices, is closed during all or any part of its normal banking hours pursuant to the authorization granted under NRS 662.265 to 662.305 , inclusive, shall be, with respect to such bank or, if not all of its offices are closed, then with respect to any office or offices which are closed, a legal holiday for all purposes with respect to any banking business of any character. No liability or loss of rights of any kind on the part of any bank, or director, officer or employee thereof, shall accrue or result by virtue of any such closing.

2. NRS 662.265 to 662.305 , inclusive, are in addition to, and not in substitution for or limitation of, any other law of this state or of the United States, authorizing the closing of a bank or excusing the delay of a bank in the performance of its duties and obligations because of emergencies or conditions beyond the bank's control, or otherwise.
Nev. Rev. Stat. § 673.214 — NV Code / Title 55 / Chapter 673 / Section 673.214
Election of officers
Status: in_force

The board of directors of a savings bank shall elect the officers named in the bylaws of the savings bank, which officers shall serve at the pleasure of the board of directors.
Nev. Rev. Stat. § 671.099 — NV Code / Title 55 / Chapter 671 / Section 671.099
Licensee required to register and maintain unique identifier with Nationwide Multistate Licensing System and Registry; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry
Status: in_force

1. Each licensee shall register with and maintain a valid unique identifier with the Registry.

2. The Commissioner may issue a license through the Registry.

3. To the extent that the Commissioner has delegated to the Registry any of his or her duties with respect to the issuance and renewal of licenses as authorized by the provisions of this chapter, any reference to the Commissioner in this chapter shall be deemed to be a reference to the Registry.

4. As used in this section, “ unique identifier ” means a number or other identifier assigned by the protocols established by the Registry.
Nev. Rev. Stat. § 671.0065 — NV Code / Title 55 / Chapter 671 / Section 671.0065
“Closed loop stored value” defined
Status: in_force

“ Closed loop stored value ” means stored value that is redeemable by the issuer only for goods or services provided by the issuer, its affiliate or a franchisee of the issuer or its affiliate, except to the extent required by applicable law to be redeemable in cash for its cash value.
Nev. Rev. Stat. § 658.015 — NV Code / Title 55 / Chapter 658 / Section 658.015
Administration of provisions of certain chapters
Status: in_force

The Commissioner and the Division of Financial Institutions shall administer the provisions of chapters 657 to 671, inclusive, of NRS, subject to administrative supervision by the Director of the Department of Business and Industry.
Nev. Rev. Stat. § 677.673 — NV Code / Title 55 / Chapter 677 / Section 677.673
Definitions
Status: in_force

As used in NRS 677.673 to 677.707 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 677.677 to 677.697 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 666.390 — NV Code / Title 55 / Chapter 666 / Section 666.390
Authority and conditions for depository institution to act as agent for affiliated depository institution
Status: in_force

1. A depository institution may, at its main office or at any branch, act as an agent of any other depository institution that is a subsidiary of the same holding company in conducting the activities authorized by this section. This section applies whether or not the affiliated depository institutions have the same home state.

2. A depository institution acting as an agent for an affiliated depository institution may: (a) Receive deposits; (b) Renew time deposits; (c) Close loans; (d) Service loans; and (e) Receive payments on loans and other obligations.

3. A depository institution may not do any of the following as an agent on behalf of an affiliated depository institution: (a) Open or originate deposit, savings or share accounts; (b) Evaluate or approve loans; (c) Disburse money loaned; or (d) Conduct any activity as an agent that it is prohibited from conducting as a principal under any applicable law.

4. A depository institution acting as a principal may not have an affiliated depository institution act as its agent in conducting any activity that: (a) The principal depository institution is prohibited from conducting; or (b) The agent depository institution would be prohibited from conducting as a principal.

5. An agency between affiliates under this section must be consistent with safe and sound practices and shall comply with all applicable laws.

6. A depository institution acting as an agent shall not be deemed a branch of the affiliate solely because of activities conducted under this section.

7. A depository institution that proposes to enter into an agreement for an agency under this section shall file with the Commissioner, at least 30 days before the effective date of the agreement: (a) A notice of intention to enter into an agreement for an agency with a depository institution; (b) A description of the services proposed to be performed under the agreement; and (c) A copy of the agreement.
Nev. Rev. Stat. § 669.225 — NV Code / Title 55 / Chapter 669 / Section 669.225
Investments: Trust company may invest in securities and provide services to investment trust or investment company; retail trust company may deposit money held in trust with affiliate
Status: in_force

1. In addition to the powers of investment granted to the trust company by the instrument creating the relationship of fiduciary or agent, a trust company which is acting as a fiduciary or agent may, in its discretion or at the direction of another person who is authorized to direct the investment of money held by the trust company as a fiduciary or agent, invest in the securities of an investment trust or investment company if: (a) The investment trust or investment company is an investment company for the purposes of the Investment Company Act of 1940, as amended, 15 U.S.C. §§ 80a-1 et seq. ; (b) The portfolio of the investment trust or investment company consists substantially of investments which are not prohibited by the instrument creating the fiduciary or agency relationship; and (c) The relationship of the investment company to the trust company is disclosed to any person who is currently receiving statements for the account, by a prospectus, a statement of account or otherwise.

2. A retail trust company or an affiliate of the retail trust company that provides services to the investment trust or investment company, including, without limitation, acting as an adviser, custodian, transfer agent, registrar, sponsor, distributor or shareholder serving agent manager, may receive reasonable compensation for the services. The manner in which the compensation is calculated must be disclosed to any person who is currently receiving statements for the account by a prospectus, a statement of account or otherwise.

3. A retail trust company may deposit money held by the retail trust company as a fiduciary or agent that is awaiting investment or distribution as provided in the governing instrument for the account in an affiliated bank. To the extent that the money invested in an affiliated bank is not insured by the Federal Deposit Insurance Corporation, the retail trust company shall set aside collateral as security, under the control of appropriate fiduciary officers and employees, with a market value that at all times equals or exceeds the amount of the uninsured fiduciary money.

4. Notwithstanding subsections 1, 2 and 3, a retail trust company authorized to exercise trust powers in this State which is acting as a fiduciary shall not purchase for the fiduciary estate any fixed income or equity security issued by the retail trust company or an affiliate thereof other than an investment company, unless: (a) The retail trust company is expressly authorized to do so by the terms of the instrument creating the trust, a court order, the written consent of the grantor of the trust or the written consent of every adult beneficiary of the trust who, at the time the notice is provided, receives, or is entitled to receive, income under the trust or who would be entitled to receive a distribution of principal if the trust were terminated; or (b) The security is fairly priced and otherwise complies with the prudent investor standards of NRS 164.700 to 164.775 , inclusive, and the terms of the instrument, judgment, decree, or other document establishing the fiduciary relationship.
Nev. Rev. Stat. § 669A.120 — NV Code / Title 55 / Chapter 669A / Section 669A.120
Exchange of license as trust company for license as family trust company
Status: in_force

A trust company licensed pursuant to the provisions of chapter 669 of NRS may exchange its license granted pursuant to that chapter for a license under this chapter, thereby becoming a licensed family trust company, upon providing the Commissioner with satisfactory evidence that at or before the effective date of its license under this chapter, the trust company will:

1. Satisfy the definition of a family trust company; and

2. Comply with the requirements of NRS 669A.140 .
Nev. Rev. Stat. § 670B.650 — NV Code / Title 55 / Chapter 670B / Section 670B.650
Powers of Commission related to conducting examinations and investigations, sharing resources, documents, records, information and evidence and standardizing methods and procedures
Status: in_force

To carry out the purposes of this chapter, the Commissioner may:

1. Retain attorneys, accountants or other professionals and specialists as examiners, auditors or investigators to conduct or assist in the conduct of examinations or investigations;

2. Enter into agreements or relationships with other governmental officials or regulatory associations to improve efficiency and reduce any regulatory burden by sharing resources, standardizing or making uniform any applicable methods or procedures and sharing documents, records, information or evidence obtained pursuant to this chapter;

3. Use, hire, contract or employ publicly or privately available analytical systems, methods or software to examine or investigate a student loan servicer or other person under examination or investigation;

4. Accept and rely on examination or investigation reports made by other governmental officials, within or outside this State; and

5. Accept audit reports made by an independent certified public accountant for a student loan servicer or other person under examination or investigation in the course of that part of the examination covering the same general subject matter as the audit and may incorporate the audit report in any report of examination, report of investigation or other writing of the Commissioner.
Nev. Rev. Stat. § 672.260 — NV Code / Title 55 / Chapter 672 / Section 672.260
Duties of Commissioner; regulations
Status: in_force

The Commissioner shall:

1. Adopt a regulation establishing the minimum surety bond required of credit unions in relation to the amount of property under their control.

2. Adopt a regulation that sets forth the records a credit union must keep and prescribes the period for which those records must be retained.

3. Maintain the original application of every credit union in a permanent file.

4. Maintain for at least 6 years, every report filed by a credit union with the Division of Financial Institutions.

5. Except as otherwise provided in NRS 672.800 and 672.810 , deposit all fees, charges for expenses, assessments and other money which is collected pursuant to the provisions of this chapter or any regulation adopted pursuant thereto in the State Treasury pursuant to the provisions of NRS 658.091 .

6. Prepare copies of articles of incorporation and bylaws consistent with the provisions of this chapter which may be used by persons interested in organizing a credit union.