Nev. Rev. Stat. § 676A.320 — NV Code / Title 55 / Chapter 676A / Section 676A.320
Application for registration: Additional contents
Status: in_force

An application for registration must be signed under oath and include:

1. The applicant's name, principal business address and telephone number and all other business addresses in this State, electronic mail addresses and Internet website addresses;

2. All names under which the applicant conducts business;

3. The address of each location in this State at which the applicant will provide debt-management services or a statement that the applicant will have no such location;

4. The name and home address of each officer and director of the applicant and each person that owns at least 10 percent of the applicant;

5. Identification of every jurisdiction in which, during the 5 years immediately preceding the application: (a) The applicant or any of its officers or directors have been licensed or registered to provide debt-management services; or (b) Individuals have resided when they received debt-management services from the applicant;

6. A statement describing, to the extent it is known or should be known by the applicant, any material civil or criminal judgment or litigation and any material administrative or enforcement action by a governmental agency in any jurisdiction against the applicant, any of its officers, directors, owners or agents or any person who is authorized to have access to the trust account required by NRS 676A.570 ;

7. The applicant's financial statements for each of the 2 years immediately preceding the application or, if it has not been in operation for the 2 years preceding the application, for the period of its existence, which must be audited by an accountant licensed to conduct audits if the applicant is claiming nonprofit or tax-exempt status or if the applicant's business practices involve holding, accessing or directing the funds of an individual;

8. Evidence of accreditation by an independent accrediting organization approved by the Commissioner;

9. Evidence that, within 12 months after initial employment, each of the applicant's counselors becomes certified as a certified counselor or certified debt specialist;

10. A description of the three most commonly used educational programs that the applicant provides or intends to provide to individuals who reside in this State and a copy of any materials used or to be used in those programs;

11. A description of the applicant's financial analysis and initial budget plan, including, without limitation, any form or electronic model used to evaluate the financial condition of individuals;

12. A copy of each form of agreement that the applicant will use with individuals who reside in this State;

13. The schedule of fees and charges that the applicant will use with individuals who reside in this State;

14. The names and addresses of all employers of each director during the 10 years immediately preceding the application;

15. A description of any ownership interest of at least 10 percent by a director, owner or employee of the applicant in: (a) Any affiliate of the applicant; or (b) Any entity that provides products or services to the applicant or any individual relating to the applicant's debt-management services;

16. If the applicant is exempt from taxation, a statement of the amount of compensation of the applicant's five most highly compensated employees for each of the 3 years immediately preceding the application or, if it has not been in operation for the 3 years preceding the application, for the period of its existence;

17. The identity of each director who is an affiliate, as defined in subsection 1 of NRS 676A.030 or paragraph (a), (b), (d), (e), (f) or (g) of subsection 2 of NRS 676A.030 , of the applicant; and

18. Any other information that the Commissioner reasonably requires to perform the Commissioner's duties under NRS 676A.350 .
Nev. Rev. Stat. § 673.810 — NV Code / Title 55 / Chapter 673 / Section 673.810
Making false statement concerning financial condition of savings bank
Status: in_force

Any person who knowingly makes, utters, circulates or transmits to another, or others, any statement untrue in fact, derogatory to the financial condition of any such savings bank doing business in this state, with intent to injure the savings bank, or who counsels, aids, procures or induces another to originate, make, utter, transmit or circulate any such statement or rumor, with like intent, is guilty of a misdemeanor.
Nev. Rev. Stat. § 669.270 — NV Code / Title 55 / Chapter 669 / Section 669.270
Regulations of Commissioner
Status: in_force

The Commissioner may adopt such regulations as may be necessary to carry out the purposes and provisions of this chapter.
Nev. Rev. Stat. § 676A.780 — NV Code / Title 55 / Chapter 676A / Section 676A.780
Statute of limitations for certain actions
Status: in_force

1. An action or proceeding brought pursuant to subsection 1, 2 or 3 of NRS 676A.740 must be commenced within 4 years after the conduct that is the basis of the Commissioner's complaint.

2. An action brought pursuant to NRS 676A.760 must be commenced within 2 years after the latest of: (a) The individual's last transmission of money to a provider; (b) The individual's last transmission of money to a creditor at the direction of the provider; (c) The provider's last disbursement to a creditor of the individual; (d) The provider's last accounting to the individual pursuant to subsection 1 of NRS 676A.630 ; (e) The date on which the individual discovered or reasonably should have discovered the facts giving rise to the individual's claim; or (f) Termination of actions or proceedings by the Commissioner with respect to a violation of the chapter.

3. The period prescribed in paragraph (e) of subsection 2 is tolled during any period during which the provider or, if different, the defendant has materially and willfully misrepresented information required by this chapter to be disclosed to the individual, if the information so misrepresented is material to the establishment of the liability of the defendant under this chapter.
Nev. Rev. Stat. § 669.275 — NV Code / Title 55 / Chapter 669 / Section 669.275
Commissioner authorized to require audited financial statement; submission of list of stockholders or members
Status: in_force

1. The Commissioner may require a licensee to provide an audited financial statement prepared by an independent certified public accountant licensed to do business in this State.

2. On the fourth Monday in January of each year, each licensee shall submit to the Commissioner a list of stockholders required to be maintained pursuant to paragraph (c) of subsection 1 of NRS 78.105 or the list of members required to be maintained pursuant to paragraph (a) of subsection 1 of NRS 86.241 , verified by the president or a manager, as appropriate.

3. The list of members required to be maintained pursuant to paragraph (a) of subsection 1 of NRS 86.241 must include the percentage of each member's interest in the company, in addition to the requirements set forth in that section.

4. Except as otherwise provided in NRS 239.0115 , any document submitted pursuant to this section is confidential. This subsection does not limit the examination of any document by the Department of Taxation if necessary to carry out the provisions of chapter 363C of NRS .
Nev. Rev. Stat. § 676A.175 — NV Code / Title 55 / Chapter 676A / Section 676A.175
“Nationwide Multistate Licensing System and Registry” or “Registry” defined
Status: in_force

“ Nationwide Multistate Licensing System and Registry ” or “ Registry ” has the meaning ascribed to it in NRS 604A.083 .
Nev. Rev. Stat. § 675.330 — NV Code / Title 55 / Chapter 675 / Section 675.330
Payment in money, credit, goods or things in action, as consideration for sale, assignment, or order of compensation, deemed loan of money; transaction subject to provisions of chapter
Status: in_force

The payment of money, credit, goods or things in action, as consideration for any sale, assignment or order for the payment of wages, salary, commissions or other compensation for services earned or to be earned, shall, for the purposes of regulation under this chapter, be deemed a loan of money secured by the sale, assignment or order. The amount by which the compensation so sold, assigned or ordered paid exceeds the amount of the consideration actually paid shall, for the purposes of regulation under this chapter, be deemed interest or charges on the loan from the date of the payment to the date the compensation is payable. Such a transaction is subject to the provisions of this chapter.
Nev. Rev. Stat. § 671.375 — NV Code / Title 55 / Chapter 671 / Section 671.375
Examination of licensee or authorized delegate by Commissioner; authorized actions to administer and enforce chapter; authorized actions to conduct examination; provision of records required; use of multistate standards and procedures; fees
Status: in_force

1. The Commissioner shall, as often as the Commissioner determines to be necessary, examine the financial accounts of each licensee and any other documents relevant to the conduct of the licensee's business and may conduct other examinations of a licensee or authorized delegate that the Commissioner determines to be necessary. The Commissioner may take any action authorized by the provisions of this chapter or the regulations adopted pursuant thereto as reasonably necessary or appropriate to administer and enforce the provisions of this chapter, the regulations adopted pursuant thereto and other applicable law, including, without limitation, the Bank Secrecy Act and the USA Patriot Act.

2. For the purpose of an examination conducted pursuant to subsection 1, the Commissioner may: (a) Enter upon any of the business premises of a licensee or the licensee's authorized delegates and obtain access to the relevant documents. (b) Conduct such an examination on-site or off-site as the Commissioner may reasonably require. (c) Conduct such an examination in conjunction with an examination conducted by a representative of another agency of this State, an agency of another state or an agency of the federal government. (d) Accept the examination report of another agency of this State, an agency of another state or an agency of the federal government. Upon acceptance by the Commissioner, such an examination report shall be considered an official report of the Commissioner. (e) Summon and examine under oath a key individual or employee of a licensee or authorized delegate and require the key individual or employee to produce records regarding any matter related to the condition and business of the licensee or authorized delegate.

3. The Commissioner is entitled to full access to all records the Commissioner reasonably requires to conduct a complete examination. A licensee or authorized delegate shall provide all such records at the location and in the format specified by the Commissioner. Any person who obstructs or denies the Commissioner entry onto the business premises of a licensee or authorized delegate or access to the relevant documents of a licensee or authorized delegate commits a violation of this chapter.

4. The Commissioner may use multistate record production standards and examination procedures if the Commissioner determines that such standards will reasonably achieve the requirements of this section.

5. For each examination of a licensee or an authorized delegate of the licensee, the Commissioner shall charge and collect from the licensee a fee for conducting the examination and in preparing and typing the report at the rate established and, if applicable, adjusted pursuant to NRS 658.101 .
Nev. Rev. Stat. § 676A.720 — NV Code / Title 55 / Chapter 676A / Section 676A.720
Provider liable for conduct of person to whom it delegates duties
Status: in_force

If a provider delegates any of its duties or obligations under an agreement or this chapter to another person, including, without limitation, an independent contractor, the provider is liable for conduct of the person which, if done by the provider, would violate the agreement or this chapter.
Nev. Rev. Stat. § 658.105 — NV Code / Title 55 / Chapter 658 / Section 658.105
Powers of Commissioner
Status: in_force

In addition to the other powers conferred upon the Commissioner by chapters 657 to 671, inclusive, of NRS, the Commissioner:

1. Is charged with the enforcement of the provisions of chapters 657 to 671, inclusive, of NRS, subject to administrative supervision by the Director of the Department of Business and Industry;

2. May make and publish regulations for the governing of banks doing business under the provisions of chapters 657 to 671, inclusive, of NRS; and

3. May require banks to furnish an audited financial statement prepared by an independent certified public accountant licensed to do business in Nevada.
Nev. Rev. Stat. § 677.510 — NV Code / Title 55 / Chapter 677 / Section 677.510
Revocation or suspension of license: Grounds; notice; hearing; order
Status: in_force

1. If the Commissioner has reason to believe that grounds for revocation or suspension of a license exist, he or she shall give 20 days' written notice to the licensee stating the contemplated action and, in general, the grounds therefor and set a date for a hearing.

2. At the conclusion of a hearing, the Commissioner shall: (a) Enter a written order either dismissing the charges, or revoking the license, or suspending the license for a period of not more than 60 days, which period must include any prior temporary suspension. A copy of the order must be sent by registered or certified mail to the licensee. (b) Impose upon the licensee an administrative fine of not more than $10,000 for each violation by the licensee of any provision of this chapter or any lawful regulation adopted pursuant thereto. (c) If a fine is imposed pursuant to this section, enter such order as is necessary to recover the costs of the proceeding, including his or her investigative costs and attorney's fees.

3. The grounds for revocation or suspension of a license are that: (a) The licensee has failed to pay the annual license fee; (b) The licensee, either knowingly or without any exercise of due care to prevent it, has violated any provision of this chapter, or any lawful regulation adopted pursuant thereto; (c) The licensee has failed to pay a tax as required pursuant to the provisions of chapter 363A or 363C of NRS ; (d) Any fact or condition exists which would have justified the Commissioner in denying the licensee's original application for a license hereunder; or (e) The applicant failed to open an office for the conduct of the business authorized under this chapter within 120 days after the date the license was issued, or has failed to remain open for the conduct of the business for a period of 120 days without good cause therefor.

4. Any revocation or suspension applies only to the license granted to a person for the particular office for which grounds for revocation or suspension exist.

5. An order suspending or revoking a license becomes effective 5 days after being entered unless the order specifies otherwise or a stay is granted.
Nev. Rev. Stat. § 670B.260 — NV Code / Title 55 / Chapter 670B / Section 670B.260
Commissioner authorized to take action to participate in Nationwide Multistate Licensing System and Registry; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding licensing
Status: in_force

1. The Commissioner may, in furtherance of his or her duties with respect to the issuance and renewal of licenses, participate in the Nationwide Multistate Licensing System and Registry. The Commissioner may take any action with respect to participation in the Registry that the Commissioner deems necessary to carry out his or her duties, including, without limitation: (a) Facilitating and participating in the establishment and implementation of the Registry; (b) Establishing relationships or contracts with the Registry or other entities designated by the Registry; (c) Authorizing the Registry to collect and maintain records of applicants for licenses and licensees; (d) Authorizing the Registry to, on behalf of the Commissioner, collect and process any fees associated with licensure, examinations, fines, assessments and any other similar fees; (e) Requiring an applicant for a licensee to use the Registry to: (1) Apply for the issuance or renewal of a license; (2) Amend or surrender a license; (3) Submit any reports or the results of any examination that the Commissioner may require; (4) Pay any applicable fees; and (5) Engage in any other activity that the Commissioner may require; and (f) Authorizing the Registry to, on behalf of the Commissioner, collect fingerprints in order to receive or conduct a background check on the criminal history of an applicant for a license or a licensee.

2. An applicant for a license or a licensee shall, in addition to any other fees associated with the license, pay all applicable charges to use the Registry, including, without limitation, any processing charges established by the administrator of the Registry.

3. The Commissioner may adopt any regulations the Commissioner determines to be necessary or appropriate to carry out the provisions of this section. Such regulations may, without limitation, establish additional procedures and requirements for participation in the Registry.

4. The provisions of this section shall not be construed to replace or affect the authority of the Commissioner to grant, deny, suspend, terminate, revoke or refuse to renew a license.
Nev. Rev. Stat. § 676A.100 — NV Code / Title 55 / Chapter 676A / Section 676A.100
“Concessions” defined
Status: in_force

“ Concessions ” means assent to repayment of a debt on terms more favorable to an individual than the terms of the contract between the individual and a creditor.
Nev. Rev. Stat. § 658.155 — NV Code / Title 55 / Chapter 658 / Section 658.155
Penalty: Neglect of duty under certain chapters; false or injurious statement concerning bank; malfeasance or corruption in office
Status: in_force

Any member of the State Board of Finance, the Commissioner or any member of the Commissioner’s staff, who willfully neglects to perform any duty required by chapters 657 to 671, inclusive, of NRS, or who knowingly makes any false statement concerning any bank, or any injurious statement concerning any bank, except in the exercise of his or her duty, or who is guilty of malfeasance or corruption in office, is guilty of a category D felony and shall be punished as provided in NRS 193.130 .
Nev. Rev. Stat. § 660.195 — NV Code / Title 55 / Chapter 660 / Section 660.195
Operator to adopt procedure for evaluating safety of location of automated teller before installation; exception
Status: in_force

1. The operator of an automated teller shall adopt a procedure for evaluating the safety of its location before it is installed. The procedure must include the consideration of: (a) The extent to which the lighting for the automated teller complies with the standards required by NRS 660.205 ; (b) The presence of landscaping, vegetation or other obstructions in the area of the automated teller, the area of access and the defined parking area; and (c) The incidence of crimes of violence in the immediate neighborhood of the automated teller, both those included in the records of the local law enforcement agency and any others of which the operator has knowledge.

2. NRS 660.115 to 660.235 , inclusive, do not impose a duty to relocate or modify an automated teller installed before October 1, 1991.
Nev. Rev. Stat. § 676A.030 — NV Code / Title 55 / Chapter 676A / Section 676A.030
“Affiliate” defined
Status: in_force

“ Affiliate ” means:

1. With respect to an individual: (a) The spouse of the individual; (b) A sibling of the individual or the spouse of a sibling; (c) An individual or the spouse of an individual who is a lineal ancestor or lineal descendant of the individual or the individual's spouse; (d) An aunt, uncle, great aunt, great uncle, first cousin, niece, nephew, grandniece or grandnephew, whether related by the whole or the half blood or adoption, or the spouse of any of them; or (e) Any other individual occupying the residence of the individual; and

2. With respect to an entity: (a) A person that directly or indirectly controls, is controlled by or is under common control with the entity; (b) An officer of, or an individual performing similar functions with respect to, the entity; (c) A director of, or an individual performing similar functions with respect to, the entity; (d) Subject to adjustment of the dollar amount pursuant to subsection 6 of NRS 676A.730 , a person that receives or received more than $25,000 from the entity in either the current year or the preceding year or a person that owns more than 10 percent of, or an individual who is employed by or is a director of, a person that receives or received more than $25,000 from the entity in either the current year or the preceding year; (e) An officer or director of, or an individual performing similar functions with respect to, a person described in paragraph (a); (f) The spouse of, or an individual occupying the residence of, an individual described in paragraphs (a) to (e), inclusive; or (g) An individual who has the relationship specified in paragraph (d) of subsection 1 to an individual or the spouse of an individual described in paragraphs (a) to (e), inclusive.
Nev. Rev. Stat. § 671.405 — NV Code / Title 55 / Chapter 671 / Section 671.405
Duty of Commissioner to report certain information and material to Nationwide Multistate Licensing System and Registry; confidentiality of information or material provided; authority of Commissioner to enter into certain agreements and arrangements
Status: in_force

1. Subject to any limitations or restrictions contained in federal or state law governing the privacy or confidentiality of records, the Commissioner shall report regularly any violations of applicable laws committed by applicants for licenses or licensees, enforcement actions and other relevant information to the Registry.

2. The requirements under any federal or state law, including, without limitation, rules of a federal or state court, regarding the privacy and confidentiality of any information or material provided to the Registry and any privilege arising under federal or state law with respect to such information or material, continue to apply to such information or material after it has been disclosed to the Registry. Such information and material may be shared with federal and state regulatory officials with oversight authority over licensees without the loss of privilege or the loss of confidentiality protections provided by federal or state law.

3. The Commissioner may enter into agreements or sharing arrangements with other governmental agencies, the Conference of State Bank Supervisors, the State Regulatory Registry, LLC, or other associations representing governmental agencies.
Nev. Rev. Stat. § 669.150 — NV Code / Title 55 / Chapter 669 / Section 669.150
Application for license: Contents; fees; regulations; withdrawal of application
Status: in_force

1. An applicant must file an application for a license to transact trust company business with the Commissioner on forms prescribed by the Commissioner, which must contain or be accompanied by such information as the Commissioner requires.

2. A nonrefundable fee of not more than $2,000 must accompany the application. The applicant must also pay such reasonable additional expenses incurred in the process of investigation as the Commissioner deems necessary. In addition, a fee of not less than $200 or more than $500, prorated on the basis of the licensing year as provided by the Commissioner, must be paid at the time of making the application.

3. Except as otherwise provided in NRS 669.092 , a trust company may maintain offices in this and other states. For every branch location of a trust company organized under the laws of this State, and every branch location in this State of a trust company organized under the laws of another state and authorized to do business in this State, a request for approval and, if applicable, licensing must be filed with the Commissioner on such forms as the Commissioner prescribes. A nonrefundable fee of not more than $500 must accompany each request. In addition, a fee of not more than $200, prorated on the basis of the licensing year as provided by the Commissioner, must be paid at the time of making the request.

4. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account for Financial Institutions created by NRS 232.545 .

5. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 12 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if an applicant otherwise withdraws an application, the Commissioner may not issue a license to the applicant unless the applicant submits a new application and pays any required fees.
Nev. Rev. Stat. § 666.015 — NV Code / Title 55 / Chapter 666 / Section 666.015
Nevada depository institution: Merger or consolidation with or transfer of assets and liabilities to similar institution, out-of-state depository institution or out-of-state holding company; regulations
Status: in_force

1. With the approval of the Commissioner, a Nevada depository institution may merge or consolidate with, or transfer its assets and liabilities to, another Nevada depository institution, an out-of-state depository institution or an out-of-state holding company.

2. An application filed with the Commissioner for approval of the merger, consolidation or transfer must be on a form prescribed by the Commissioner and must include: (a) A nonrefundable fee of not more than $6,000 for the application. The depository institution must also pay such additional expenses incurred in the process of investigation as the Commissioner deems necessary. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account created by NRS 232.545 . (b) Certified copies of the resolutions adopted by the directors and stockholders or the managers and members of the depository institution or the stockholders of the holding company regarding the merger, consolidation or transfer. The minutes of the proceedings conducted by the stockholders or members of each depository institution or the stockholders of each holding company and the resolutions adopted by them, if any, must set forth that holders of at least a majority of the stock or members' interests voted in the affirmative on the proposition of merger, consolidation or transfer. The resolutions must also contain or have attached thereto a complete copy of the plan of merger. (c) Information which the Commissioner requires to make the findings specified in subsection 7.

3. When a completed application has been filed, the Commissioner shall conduct an investigation of each depository institution to determine: (a) Whether the interests of the depositors, creditors and stockholders or members of each depository institution are protected. (b) That the merger, consolidation or transfer is in the public interest. (c) That the merger, consolidation or transfer is made for legitimate purposes. (d) Whether each depository institution has a good record of compliance with the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905 , inclusive.

4. The Commissioner's approval or rejection of the merger, consolidation or transfer must be based upon the Commissioner’s investigation. The expense of the investigation must be paid by the depository institutions.

5. Notice of the merger, consolidation or transfer must be published once each week for 4 consecutive weeks, before or after the merger, consolidation or transfer is effective at the discretion of the Commissioner, in a newspaper published in a city, town or county in which each of the depository institutions is located, and a certified copy of the notice must be filed with the Commissioner.

6. The Commissioner shall issue a written decision within 60 days after receiving a completed application. The Commissioner may approve the application subject to any terms and conditions which the Commissioner considers necessary to protect the public interest.

7. The Commissioner shall disapprove an application if the Commissioner finds that: (a) The proposed transaction would be detrimental to the safety and soundness of the applicant, to any institution which is a party to the transaction or to a subsidiary or affiliate of any such institution; (b) The applicant or its executive officers, directors, managers, principal stockholders or members have not established a record of sound performance, efficient management, financial responsibility and integrity so that it would be against the interest of the depositors, other customers, creditors, stockholders or members of an institution, or the general public to authorize the proposed transaction; (c) The financial condition of the applicant or any other institution which is a participant in the proposed transactions might jeopardize the financial stability of the applicant or other institution, or prejudice the interests of depositors or other customers of the applicant or other institutions; (d) The consummation of the proposed transaction will tend to lessen competition substantially, unless the Commissioner finds that the anticompetitive effects of the proposed transaction are clearly outweighed by the benefit of accommodating the convenience and needs of the relevant market to be served; or (e) The applicant has not established a record of meeting the needs for credit of the communities which it or its subsidiary depository institution serves.

8. If a merger, consolidation or transfer is approved pursuant to this section, the property and liabilities of the constituent depository institutions must be treated in the manner prescribed in NRS 92A.250 .

9. A Nevada depository institution authorized pursuant to this section to merge or consolidate with, or transfer its assets and liabilities to, an out-of-state depository institution or an out-of-state holding company shall comply with the laws of all states in which it is authorized to operate.

10. The Commissioner shall adopt regulations establishing the amount of the application fee required pursuant to this section.
Nev. Rev. Stat. § 673.840 — NV Code / Title 55 / Chapter 673 / Section 673.840
Sale or offer to sell securities without license or for failure to pay fee or penalty
Status: in_force

Any person doing business in this state, as described in NRS 673.070 , who:

1. Sells or offers for sale within this state any securities of any company, savings bank or corporation which has not received the license provided for in NRS 673.080 and 673.250 ; or

2. Fails to pay a fee or penalty as provided in NRS 673.430 ,

is guilty of a misdemeanor for each such violation.
Nev. Rev. Stat. § 658.115 — NV Code / Title 55 / Chapter 658 / Section 658.115
Summary orders of Commissioner
Status: in_force

1. The Commissioner shall make summary orders in writing as provided in subsections 2 to 5, inclusive.

2. If a bank, a member of its board of directors or any manager, officer, employee, member or stockholder violates the articles of incorporation or organization of the bank or any law related to banking, or, in the opinion of the Commissioner, is conducting its business in an unauthorized or unsafe manner, the Commissioner shall forthwith issue an order, in writing, directing the discontinuance of the unauthorized or unsafe practices.

3. If it appears to the Commissioner that the stockholders' or members' equity of any bank has been reduced below the requirements of law, or that the articles of incorporation of the bank have been unlawfully amended to reduce the authorized stock of the bank in violation of NRS 661.035 , the Commissioner shall forthwith issue an order directing the bank to make good the deficiency forthwith or within a time specified in the order.

4. If it appears to the Commissioner that the total reserves or reserves on hand of any bank are below the amount required by law to be maintained, or that a bank is not keeping its reserves on hand as required by chapters 657 to 671, inclusive, of NRS, the Commissioner shall forthwith issue an order directing the bank to make good its reserves forthwith, or within the time specified within the order, or that it keep its reserves on hand as required by this title.

5. If it appears to the Commissioner that any bank to which chapters 657 to 671, inclusive, of NRS are applicable does not keep its books or accounts in such a manner as to enable the Commissioner readily to ascertain its true condition, the Commissioner shall issue an order requiring the bank, or the officers or managers thereof, or any of them, to open and keep its books or accounts as he or she may, in the Commissioner’s discretion, determine and prescribe for the purpose of keeping accurate and convenient records of the transactions and accounts of the bank.
Nev. Rev. Stat. § 662.285 — NV Code / Title 55 / Chapter 662 / Section 662.285
Emergency closure: Powers of bank's officers
Status: in_force

1. Whenever the officers of a bank are of the opinion that an emergency exists, or that there is a reasonable probability that an emergency may develop, which affects or may affect one or more or all of a bank's offices, they shall have the authority in the reasonable and proper exercise of their discretion not to open any one or more or all of such offices during the continuation of such emergency, even if the Commissioner has not issued and does not issue a proclamation of emergency.

2. The office or offices so closed must remain closed until such time as the officers determine that the emergency has ended, and for such further time thereafter as may reasonably be required to reopen; but such office or offices must not remain closed for more than 48 consecutive hours, excluding other legal holidays, without requesting the approval of the Commissioner.

3. The officers of a bank may close any one or more or all of the bank's offices on any day or days designated, by proclamation of the President of the United States or the Governor of this state, as a day or days of mourning, rejoicing or other special observance.
Nev. Rev. Stat. § 675.060 — NV Code / Title 55 / Chapter 675 / Section 675.060
Unlicensed dealing in loans prohibited; license required for each office or other place of business; exceptions
Status: in_force

No person may engage in the business of lending in this State without first having obtained a license from the Commissioner pursuant to this chapter for each office or other place of business at which the person engages in such business, except that:

1. If a person intends to engage in the business of lending in this State as a deferred deposit loan service, high-interest loan service or title loan service, as those terms are defined in chapter 604A of NRS , the person must obtain a license from the Commissioner pursuant to chapter 604A of NRS before the person may engage in any such business.

2. An employee of a licensee may engage in the business of lending in this State at a remote location in accordance with NRS 675.2965 to 675.299 , inclusive.
Nev. Rev. Stat. § 672.400 — NV Code / Title 55 / Chapter 672 / Section 672.400
Credit committee; loan officer
Status: in_force

1. The board may appoint a: (a) Credit committee consisting of an odd number of members of the credit union, but not less than three members; or (b) Loan officer.

2. If a credit committee is appointed by the board, it shall hold such meetings as the business of the credit union may require but it shall meet at least once a month to consider applications for loans. A loan may not be made unless it is approved by a majority of the members of the committee who are present at the meeting at which the application is considered.

3. The credit committee may appoint a loan officer from among its members and delegate to him or her the power to approve loans. Only one member of the credit committee may be appointed as loan officer or assistant loan officer.

4. If a loan is not approved by a loan officer, the application for the loan must be reviewed by the credit committee or the board of directors, whomever appointed the loan officer. All the members of the credit committee or the board present at the review must approve the application before the loan may be made.

5. For purposes of internal control, a loan officer may not disburse funds of the credit union for any loan which has been approved by him or her in his or her capacity as loan officer.
Nev. Rev. Stat. § 673.750 — NV Code / Title 55 / Chapter 673 / Section 673.750
Powers and privileges same as domestic savings bank; conditions
Status: in_force

Every federal savings bank incorporated under the provisions of the Home Owners' Loan Act of 1933, 12 U.S.C. §§ 1461 to 1468 , inclusive, as amended or supplemented, having its principal place of business in the State of Nevada, and the holders of shares or share accounts issued by the federal savings bank, respectively, have all the rights, powers and privileges, and are entitled to the same exemptions and immunities granted, respectively, to savings banks organized under the laws of this State and to the holders of deposit accounts, investment certificates or guaranty stock of savings banks.
Nev. Rev. Stat. § 671.012 — NV Code / Title 55 / Chapter 671 / Section 671.012
“Money or credits received for transmission” defined
Status: in_force

“ Money or credits received for transmission ” means any money, credits or monetary value received in the United States for transmission within or outside the United States by electronic or other means.
Nev. Rev. Stat. § 669.100 — NV Code / Title 55 / Chapter 669 / Section 669.100
Minimum stockholders' equity required for organization and operation
Status: in_force

1. No retail trust company may be organized or operated with a stockholders' equity of less than $1,000,000, or in such greater amount as may be required by the Commissioner. The full amount of the initial stockholders' equity must be paid in cash, exclusive of all organization expenses, before the trust company is authorized to commence business.

2. A retail trust company shall maintain at least 25 percent of its required stockholders' equity in cash and at least an additional 25 percent of its required stockholders' equity in cash or cash equivalents comprising certificates of deposit, money market funds or other insured deposits. Cash equivalents held by a retail trust company pursuant to this subsection may, upon prior approval by the Commissioner, comprise investments in treasury bills, government obligations or commercial paper which, if acquired after October 1, 2011, must mature not later than 3 months after the date of acquisition by the retail trust company. Any certificate of deposit, money market fund, insured deposit, commercial paper, treasury bill or government obligation, other than an obligation of the United States or an obligation guaranteed by the United States, that is held as a cash equivalent by a retail trust company pursuant to this subsection must not exceed 10 percent of the total required stockholders' equity at the time the cash equivalent is purchased. The remaining amount of the retail trust company's required stockholders' equity may be a different form of readily marketable securities, or with prior approval by the Commissioner, other liquid, secure asset, bond, surety or insurance, or some combination of the foregoing. Any bond or other evidence of indebtedness held by a retail trust company pursuant to this subsection must have an investment grade credit rating and must have received a rating within one of the top three rating categories of Moody's Investors Service, Inc. or Standard and Poor's Ratings Services.

3. Any grandfathered trust company other than a noncustodial trust company that does not have the minimum capital required by this section as of October 1, 2009, shall: (a) Except as otherwise determined by the Commissioner, increase its capital to a minimum of: (1) By October 1, 2010, $500,000; (2) By October 1, 2011, $750,000; and (3) By October 1, 2012, $1,000,000; and (b) Maintain 25 percent of such minimum capital in cash on and after October 1, 2010.

4. Any noncustodial trust company that does not have the minimum capital required by this section as of October 1, 2009, shall: (a) Except as otherwise determined by the Commissioner, increase its capital to a minimum of: (1) By October 1, 2010, $350,000; (2) By October 1, 2011, $400,000; and (3) By October 1, 2012, $500,000; and (b) Maintain 25 percent of such minimum capital in cash on and after October 1, 2010.

5. As used in this section, “ in cash ” means in depository accounts with one or more banks in this State.
Nev. Rev. Stat. § 677.180 — NV Code / Title 55 / Chapter 677 / Section 677.180
Investigation and examination of applicant
Status: in_force

Upon the filing of an application, the Commissioner shall make or cause to be made a careful investigation and examination relative to the following:

1. Character, reputation and financial standing of the organizers or incorporators.

2. The need for a thrift company or an additional thrift company, as the case may be, in the community where the proposed licensee is to be located, giving particular consideration to the adequacy of existing thrift company services and the need for additional services of this kind in the community.

3. The ability of the community to support the proposed licensee, giving consideration to: (a) The competition offered by existing licensees; (b) Whether a thrift company has previously operated in the community; and (c) The opportunities for profitable employment of the licensee's money as indicated by the average demand for credit, the number of potential investors, the volume of transactions where the services of a thrift company would be appropriate, and the business and industries of the community with particular regard to their stability, diversification and size.

4. The character, banking, industrial loan, finance or thrift company or other experience and business qualifications of the proposed officers and managers of the licensee.

5. The character, financial responsibility, business experience and standing of the proposed stockholders and directors.

6. Any other facts and circumstances bearing on the proposed licensee as in the opinion of the Commissioner may be relevant.
Nev. Rev. Stat. § 672.890 — NV Code / Title 55 / Chapter 672 / Section 672.890
Administrative fines
Status: in_force

In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $10,000 upon a person who:

1. Without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter; or

2. Violates any provision of this chapter or any regulation adopted pursuant thereto.
Nev. Rev. Stat. § 657A.340 — NV Code / Title 55 / Chapter 657A / Section 657A.340
Period of testing
Status: in_force

Unless a timely request for an extension of the period of testing is made and approved pursuant to NRS 657A.350 :

1. The period of testing for a financial product or service ends 2 years after the date of the notice given pursuant to NRS 657A.420 .

2. Except as otherwise provided in this subsection, the participant shall, within 60 days after the end of the period of testing, wind down the test and cease offering or providing the product or service. If the product or service entails the performance of any ongoing duty or function, such as the servicing of a loan, the participant shall continue to perform or contract with another person for the continued performance of the duty or function.
Nev. Rev. Stat. § 669.290 — NV Code / Title 55 / Chapter 669 / Section 669.290
Willful neglect to perform duties imposed by law or failure to conform to material lawful requirement made by Commissioner unlawful; penalty
Status: in_force

Each officer, director, manager, member, employee or agent of a trust company who knowingly or willfully neglects to perform any duty required by this chapter or other applicable law, or who knowingly or willfully fails to conform to any material lawful requirement made by the Commissioner, is subject to removal upon order of the Commissioner, and is guilty of a category D felony and shall be punished as provided in NRS 193.130 .
Nev. Rev. Stat. § 665.086 — NV Code / Title 55 / Chapter 665 / Section 665.086
Examination of records of holding company controlling depository institution; required action to maintain solvency or prevent failure of subsidiary
Status: in_force

If the Commissioner finds that it is in the public interest and necessary to protect the depositors and other customers of a depository institution the Commissioner may:

1. Examine the books and records of the holding company which controls that depository institution and require the holding company to furnish such reports as the Commissioner considers appropriate for the proper supervision of the company's subsidiaries which are depository institutions; and

2. After notice and opportunity for hearing, require the holding company to take any action the Commissioner finds reasonable and necessary to protect the interest of depositors, other customers and creditors of any subsidiary depository institution, to maintain its solvency or to prevent its failure.
Nev. Rev. Stat. § 666.065 — NV Code / Title 55 / Chapter 666 / Section 666.065
Definitions
Status: in_force

As used in NRS 666.065 to 666.215 , inclusive, unless the context otherwise requires:

1. To “acquire” a bank means to obtain control of an existing bank or to establish a new bank.

2. “Business trust” means an organization in which a business or property is conveyed to trustees who manage the business or property for the benefit of the holders of the beneficial interest in the trust. The term does not include a voting trust.

3. “Company” means any corporation, business trust, association or similar entity, but does not include: (a) A natural person; or (b) A corporation of which a majority of the stock is owned by the United States or any state.
Nev. Rev. Stat. § 666A.300 — NV Code / Title 55 / Chapter 666A / Section 666A.300
Relocation of office
Status: in_force

1. No foreign bank which is licensed to establish and maintain a state branch, agency or representative office may relocate the office unless the Commissioner first approves the relocation and issues an amended license authorizing the foreign bank to maintain the office at the new site.

2. An application by a foreign bank under this section must be in such form and contain such information as the Commissioner requires.

3. If an application made by a foreign bank pursuant to this section is approved and all conditions precedent to the issuance of an amended license authorizing the foreign bank to maintain the office at the new site have been fulfilled, the Commissioner shall issue an amended license.

4. Promptly after a foreign bank which is licensed to maintain a state branch, agency or representative office relocates the office, the foreign bank shall surrender to the Commissioner its previous license for the office.
Nev. Rev. Stat. § 676A.140 — NV Code / Title 55 / Chapter 676A / Section 676A.140
“Debt-management services” defined
Status: in_force

“ Debt-management services ” means services as an intermediary between an individual and one or more creditors of the individual for the purpose of obtaining concessions and includes credit counseling, the development and implementation of debt-management plans and debt settlement services. The term does not include:

1. Legal services provided in an attorney-client relationship by an attorney licensed or otherwise authorized to practice law in this State;

2. Accounting services provided in an accountant-client relationship by a certified public accountant licensed to provide accounting services in this State; or

3. Financial-planning services provided in a financial planner-client relationship by a member of a financial-planning profession whose members the Commissioner, by regulation, determines are: (a) Licensed by this State; (b) Subject to a disciplinary mechanism; (c) Subject to a code of professional responsibility; and (d) Subject to a continuing education requirement.
Nev. Rev. Stat. § 657A.150 — NV Code / Title 55 / Chapter 657A / Section 657A.150
“Innovation” defined
Status: in_force

“ Innovation ” means any use of a new or emerging technology, or any novel use of an existing technology, to address a problem, provide a benefit or otherwise offer or provide a financial product or service that is determined by the Director not to be widely available in this State.
Nev. Rev. Stat. § 677.010 — NV Code / Title 55 / Chapter 677 / Section 677.010
Short title
Status: in_force

This chapter may be cited as the Nevada Thrift Companies Act.
Nev. Rev. Stat. § 658.200 — NV Code / Title 55 / Chapter 658 / Section 658.200
Nontraditional mortgage loan products; disclosures required
Status: in_force

1. A financial institution which is required to be licensed pursuant to the provisions of this title and which offers nontraditional mortgage loan products that are secured by liens on real property shall, with respect to each nontraditional mortgage loan made by the financial institution, disclose to the borrower adequate information concerning the actual costs and risks of the nontraditional mortgage loan product offered.

2. The disclosure required by subsection 1 must be written in language that is easy to understand, must be printed in at least 10-point bold type or font and must include, without limitation: (a) Information concerning potential increases in monthly payments, including information describing the circumstances under which interest rates or negative amortization could reach the contractual limits; (b) Information concerning the maximum monthly payment that the borrower may be required to pay if amortizing payments are required and the interest rate and negative amortization caps are reached; (c) Information concerning the circumstances under which structural payment changes will occur, the amount of the new payments and the method of calculating the amount of the new payments; (d) Information concerning negative amortization, including information describing the potential for increases in the principal balance and decreases in home equity and any other potential adverse consequences to the borrower resulting from negative amortization; (e) If a nontraditional mortgage loan product includes prepayment penalties, information explaining the prepayment penalties and the amount of the penalties; (f) If the financial institution offers full-document home loans in addition to low-document home loans, no-document home loans or stated-document home loans, information concerning any pricing premium that attaches to the low-document home loans, no-document home loans or stated-document home loans; and (g) For payment option adjustable-rate mortgages, information explaining each payment option available and the effect on the loan balance of each payment option.

3. A financial institution required to make a disclosure pursuant to subsection 1 shall, with respect to each nontraditional mortgage loan made by the financial institution, certify to the Commissioner that the financial institution has made the disclosure required by subsection 1. The financial institution may contract with a nonprofit or government-operated consumer credit counseling or housing counseling agency or a nonprofit or government-operated legal services agency which has been operating as such for the immediately preceding 7 years to provide the certification required by this subsection.

4. As used in this section: (a) “Low-document home loan” has the meaning ascribed to it in NRS 598D.100 . (b) “No-document home loan” has the meaning ascribed to it in NRS 598D.100 . (c) “ Nonprofit or government-operated consumer credit counseling or housing counseling agency ” means: (1) A person or organization which is recognized as a charitable organization pursuant to section 501(c)(3) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(c)(3) , and which is certified by the United States Department of Housing and Urban Development as a Housing Counseling Agency; (2) A government agency or government-operated organization which is certified by the United States Department of Housing and Urban Development as a Housing Counseling Agency; or (3) A person or organization which is recognized as exempt under section 501(c)(3) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(c)(3) , and which: (I) As its primary business, provides specialized personal and group counseling services to a person who is seeking to purchase a home or obtain legal advice regarding a real estate transaction and who is suffering or who may suffer economic hardship because of the extension of credit; (II) Acts as an agent for a person who is suffering or who may suffer economic hardship because of the extension of credit in his or her efforts to resolve economic hardships; (III) May receive money or any other thing of value for disbursement to one or more of the creditors of a person who is suffering or who may suffer economic hardship because of the extension of credit; and (IV) If it has a board of directors, has a board of directors with a majority of members who are not employed by the agency or otherwise receive any direct or indirect financial benefit from the provision of any services by the agency. (d) “ Nonprofit or government-operated legal services agency ” means an organization that provides legal services to low-income persons without charge, and: (1) Is a government agency or government-operated organization; or (2) Is recognized as a charitable organization pursuant to section 501(c)(3) of the Internal Revenue Code of 1986 , 26 U.S.C. § 501(c)(3) . (e) “ Nontraditional mortgage loan product ” has the meaning ascribed to it in NRS 658.190 and also includes an adjustable-rate mortgage, a low-document home loan, a no-document home loan and a stated-document home loan. (f) “ Stated-document home loan ” has the meaning ascribed to it in NRS 598D.100 .
Nev. Rev. Stat. § 672.760 — NV Code / Title 55 / Chapter 672 / Section 672.760
Authorized investments
Status: in_force

Money not used in loans to members may be invested in:

1. Securities, obligations, participations or other instruments of or issued by or fully guaranteed as to principal and interest by the United States of America or any agency thereof or in any trust or trusts established for investing directly or collectively in these instruments;

2. Obligations of this state or any political subdivision thereof, including, without limitation, a city, county or school district;

3. Certificates of deposit or passbook type accounts issued by a state or national bank, mutual savings bank, savings and loan association or savings bank;

4. Loans to or shares or deposits of other credit unions as permitted by the bylaws;

5. Capital shares, obligations or preferred stock issues of any agency or association organized either as a stock company, mutual association or membership corporation if the membership or stockholdings, as the case may be, of the agency or association are confined or restricted to credit unions or organizations of credit unions, and the purposes for which the agency or association is organized are designed to service or otherwise assist credit union operations;

6. Shares of a cooperative society organized under the laws of this state or the United States in a total amount not exceeding 10 percent of the shares, deposits and surplus of the credit union;

7. Stocks and bonds of United States corporations to a maximum of 5 percent of unallocated reserves, except that such an investment must be limited to stocks or bonds yielding income which are approved by the Commissioner;

8. Loans to any credit union association, national or state, of which the credit union is a member, except that such an investment must be limited to 1 percent of the shares, capital deposits and unimpaired surplus of the credit union; and

9. Negotiable obligations of federal or state banks.
Nev. Rev. Stat. § 672.710 — NV Code / Title 55 / Chapter 672 / Section 672.710
Loans to members: Application; approval; limitations; participation loans; payment
Status: in_force

1. A credit union may make loans to members in accordance with the provisions of the bylaws upon receipt of approval by the credit committee or loan officer at a rate of interest agreed upon by the credit union and member.

2. Every application for a loan must be made in writing upon a form furnished by the credit union which has been approved by the board. The application must include the purpose for which the loan is desired and the security, if any, offered.

3. A loan must not be made to any member in an aggregate amount in excess of 10 percent of the credit union's unimpaired capital and surplus.

4. A credit union may participate with other credit unions, corporations or financial institutions in making loans to credit union members.

5. A member may receive a loan in installments or in one sum and may pay the whole or any part of his or her loan on any day on which the office of the credit union is open for business.
Nev. Rev. Stat. § 672.140 — NV Code / Title 55 / Chapter 672 / Section 672.140
“Loan officer” defined
Status: in_force

“Loan officer” means the officer appointed by the board of directors or by the credit committee to process all applications for loans from the members of the credit union.
Nev. Rev. Stat. § 673.650 — NV Code / Title 55 / Chapter 673 / Section 673.650
Conversion authorized; votes necessary
Status: in_force

A federal savings bank, national bank or state bank may convert itself into a savings bank under the laws of this State upon a vote of 51 percent or more of the votes of members of the converting institution cast at any regular or special meeting called to consider the action.
Nev. Rev. Stat. § 677.780 — NV Code / Title 55 / Chapter 677 / Section 677.780
Loans may be made to any person; exceptions; property situated outside of State
Status: in_force

1. Except as provided in NRS 677.770 and 677.790 , a licensee may make loans to any person, secured by real or personal property, without regard to the location or nature of the security.

2. Any loan made on property situated outside this state which is lawful under the laws of the state in which the property is situated may be collected or otherwise enforced in this state in accordance with its terms.
Nev. Rev. Stat. § 675.3697 — NV Code / Title 55 / Chapter 675 / Section 675.3697
Prohibited practices by licensee
Status: in_force

A licensee shall not make a loan under this chapter that constitutes consumer credit to a covered service member or a dependent of a covered service member with respect to which:

1. The borrower is required to waive the borrower's right to legal recourse under any otherwise applicable provision of state or federal law, including, without limitation, any provision of the Servicemembers Civil Relief Act, 50 U.S.C. §§ 3901 et seq. ;

2. The licensee imposes onerous legal notice provisions in the case of a dispute or demands unreasonable notice from the borrower as a condition for legal action;

3. The licensee uses a check or other method of access to a deposit, savings or other financial account maintained by the borrower, or the title of a vehicle as security for the obligation;

4. The licensee requires as a condition for the extension of consumer credit that the borrower establish an allotment to repay an obligation; or

5. The borrower is prohibited from prepaying the loan or is charged a penalty or fee for prepaying all or part of the loan.
Nev. Rev. Stat. § 676A.130 — NV Code / Title 55 / Chapter 676A / Section 676A.130
“Debt-management plan” defined
Status: in_force

“ Debt-management plan ” means a plan which contemplates that:

1. Regular, periodic payments will be made to a provider by or on behalf of an individual to whom debt-management services are being provided; and

2. The individual's creditors will reduce financing charges or fees for late payment, default or delinquency.

The term does not include a plan which contemplates that creditors of the individual will settle debts for less than the principal amount of the debt.
Nev. Rev. Stat. § 676A.270 — NV Code / Title 55 / Chapter 676A / Section 676A.270
Applicability
Status: in_force

1. This chapter does not apply to an agreement with an individual who the provider has no reason to know resides in this State at the time of the agreement.

2. This chapter does not apply to a provider to the extent that the provider: (a) Provides or agrees to provide debt-management, educational or counseling services to an individual who the provider has no reason to know resides in this State at the time the provider agrees to provide the services; or (b) Receives no compensation for debt-management services from or on behalf of the individuals to whom it provides the services or from their creditors.

3. This chapter does not apply to the following persons or their employees when the person or the employee is engaged in the regular course of the person's business or profession: (a) A judicial officer, a person acting under an order of a court or an administrative agency or an assignee for the benefit of creditors; (b) A bank; (c) An affiliate, as defined in paragraph (a) of subsection 2 of NRS 676A.030 , of a bank if the affiliate is regulated by a federal or state banking regulatory authority; or (d) A title insurer, escrow company or other person that provides bill-paying services if the provision of debt-management services is incidental to the bill-paying services.

4. Except as otherwise required by the Director of the Department of Business and Industry pursuant to NRS 657A.430 or 657A.620 , this chapter does not apply to a participant in the Regulatory Experimentation Program for Product Innovation established and administered pursuant to chapter 657A of NRS .
Nev. Rev. Stat. § 669.202 — NV Code / Title 55 / Chapter 669 / Section 669.202
“Foreign independent trust company” defined
Status: in_force

“ Foreign independent trust company ” means a trust company licensed under the laws of a state other than Nevada and not subject to regulation, supervision and examination by a federal banking regulator.
Nev. Rev. Stat. § 671.007 — NV Code / Title 55 / Chapter 671 / Section 671.007
“Control” defined
Status: in_force

1. “ Control ” means: (a) The power to vote, directly or indirectly, at least 25 percent of the outstanding voting shares or voting interests of a licensee or person in control of a licensee; (b) The power to elect or appoint a majority of key individuals or executive officers, managers, directors, trustees or other persons exercising managerial authority of a person in control of a licensee; or (c) The power to exercise, directly or indirectly, a controlling influence over the management or policies of a licensee or person in control of a licensee.

2. A person is presumed to exercise control if the person holds the power to vote, directly or indirectly, at least 10 percent of the outstanding voting shares or voting interests of a licensee or person in control of a licensee. This presumption may be rebutted by a showing that the person is a passive investor.

3. In determining the percentage of a person controlled by any other person, the interest of the person must be aggregated with the interest of any other immediate family member. For the purposes of this subsection, “ immediate family member ” means the spouse, parent, child, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law and sister-in-law of a person and any person who shares the home of the person.
Nev. Rev. Stat. § 670B.360 — NV Code / Title 55 / Chapter 670B / Section 670B.360
Automatic suspension or refusal to issue or renew license upon dishonored payment; notice and opportunity for hearing
Status: in_force

If the Commissioner determines that a check or other method of payment which is provided to the Commissioner to pay any fee required pursuant to this chapter has been returned to the Commissioner or otherwise dishonored because the person had insufficient money or credit with the drawee or financial institution to pay the check or other method of payment or because the person stopped payment on the check or other method of payment, the Commissioner shall automatically refuse to issue, suspend or refuse to renew the license, as applicable. The Commissioner must give the licensee reasonable advance notice of this automatic action and an opportunity for a hearing.
Nev. Rev. Stat. § 672.520 — NV Code / Title 55 / Chapter 672 / Section 672.520
Eligibility of minor; limitations
Status: in_force

1. Shares may be issued to and deposits received from a minor and such minor may withdraw the shares and deposits, including the dividends and interest thereon. For purposes of making deposits, share investments and withdrawals a minor shall be deemed of legal age.

2. A minor under 16 years of age is not entitled to vote in the meeting of the members either personally or through his or her parent or guardian. A person may not become a director until he or she has reached the age of majority.
Nev. Rev. Stat. § 676A.580 — NV Code / Title 55 / Chapter 676A / Section 676A.580
Fees or charges: Restrictions
Status: in_force

1. A provider may not impose directly or indirectly a fee or other charge on an individual or receive money from or on behalf of an individual for debt-management services except as permitted by this section.

2. A provider may not impose charges or receive payment for debt-management services until the provider and the individual have signed an agreement that complies with NRS 676A.540 and 676A.700 .

3. If an individual assents to an agreement, a provider may not impose a fee or other charge for educational or counseling services or the like, except as otherwise provided in this subsection and subsection 5 of NRS 676A.700 . The Commissioner may authorize a provider to charge a fee based on the nature and extent of the educational or counseling services furnished by the provider.

4. Subject to adjustment of dollar amounts pursuant to subsection 6 of NRS 676A.730 , the following rules apply: (a) If an individual assents to a plan which contemplates that creditors will reduce finance charges or fees for late payment, default or delinquency, the provider may charge, not including money provided by creditors to support educational or counseling services concerning personal finance provided by nonprofit entities: (1) A fee not to exceed $50 for consultation, obtaining a credit report, setting up an account and the like; and (2) A monthly service fee, not to exceed $10 times the number of accounts remaining in a plan at the time the fee is assessed, but not more than $50 in any month. (b) Except as otherwise provided in subsection 5 of NRS 676A.700 , if an individual does not assent to an agreement, a provider may receive for educational or counseling services it provides to the individual a fee not to exceed $100 or, with the approval of the Commissioner, a larger fee. The Commissioner may approve a fee larger than $100 if the nature and extent of the educational or counseling services warrant the larger fee.

5. If, before the expiration of 90 days after the completion or termination of educational or counseling services, an individual assents to an agreement, the provider shall refund to the individual any fee paid pursuant to paragraph (b) of subsection 4.

6. If an individual assents to an agreement which contemplates that creditors will settle debts for less than the principal amount of the debt, a provider may not request or receive payment of any fee or consideration until and unless: (a) The provider has settled the terms of at least one debt pursuant to a settlement agreement or other valid contractual agreement executed by the individual; (b) The individual has made at least one payment pursuant to that settlement agreement or other valid contractual agreement between the individual and the creditor or debt collector; and (c) The fee or consideration: (1) Bears the same proportional relationship to the total fee for settling the terms of the entire debt balance as the individual debt amount bears to the entire debt amount, in which case the individual debt amount and the entire debt amount are those owed at the time the debt was enrolled in the service; or (2) Is a percentage of the amount saved as a result of the settlement. The percentage charged cannot change from one individual debt to another. The amount saved is the difference between the amount owed at the time the debt was enrolled in the plan and the amount actually paid to satisfy the debt.

7. Subject to adjustment of the dollar amount pursuant to subsection 6 of NRS 676A.730 , if a payment to a provider by an individual under this chapter is dishonored, a provider may impose a reasonable charge on the individual, not to exceed the lesser of $25 and the amount permitted by law other than this chapter.
Nev. Rev. Stat. § 672.190 — NV Code / Title 55 / Chapter 672 / Section 672.190
“Payment” defined
Status: in_force

“Payment” means the withdrawal and payment of sums on deposit on the directive of a party.
Nev. Rev. Stat. § 666A.230 — NV Code / Title 55 / Chapter 666A / Section 666A.230
State branch or agency: Limitations on payment of interest on deposits
Status: in_force

A foreign bank which is licensed to establish and maintain a state branch or agency is subject to the same limitations with respect to the payment of interest on deposits as a state bank which is a member of the Federal Reserve System.
Nev. Rev. Stat. § 673.595 — NV Code / Title 55 / Chapter 673 / Section 673.595
Certain foreign savings banks not required to be licensed under chapter; certain foreign savings banks permitted to operate and establish service offices in this State; limitations
Status: in_force

1. Except as otherwise provided in this section, a foreign savings bank shall be considered a savings bank subject to the provisions of this chapter for the purpose of engaging in any activities for which a license or other approval by the Commissioner is required pursuant to this chapter, except that a foreign savings bank whose activities are limited to any one or more of those enumerated in NRS 80.015 need not be licensed under this chapter.

2. A foreign savings bank organized under the laws of another state or the United States which is insured by the Federal Deposit Insurance Corporation may operate in this State in accordance with the provisions of this chapter on the same terms as a savings bank organized under this chapter, but only to the extent that the laws of the state under which the foreign savings bank is organized permit a savings bank organized under this chapter to operate in accordance with the laws of that state on the same terms as the foreign savings bank.

3. A foreign savings bank organized under the laws of another state or the United States which is insured by the Federal Deposit Insurance Corporation may establish one or more service offices within this State as allowed by this chapter, but only to the same extent, and subject to the same restrictions, that the laws of the state under which the foreign savings bank is organized allows a savings bank organized under this chapter to establish and maintain one or more service offices within that state.
Nev. Rev. Stat. § 673.111 — NV Code / Title 55 / Chapter 673 / Section 673.111
Required filings before savings bank begins business: Statement concerning directors, managers and officers; proof of approval of Federal Deposit Insurance Corporation to insure its deposit accounts
Status: in_force

Before a savings bank begins business, the savings bank must file with the Commissioner:

1. A statement, under oath by the president or a manager, containing the names of all the directors, managers and officers, with the date of their election or appointment, terms of office, primary residence and post office address of each, the amount of stock of which each is the owner in good faith and the amount of money paid in on account of the stock, or the contribution made. Nothing may be received in payment of stock or contribution except money.

2. Proof that the savings bank has obtained the approval of the Federal Deposit Insurance Corporation to insure its deposit accounts.
Nev. Rev. Stat. § 670B.310 — NV Code / Title 55 / Chapter 670B / Section 670B.310
Surrender of license: Required upon cessation of student loan servicing; notice to Commissioner; liability for acts or omissions occurring before surrender of license
Status: in_force

1. Not later than 15 days after a licensee ceases to engage in the business of student loan servicing in this State for any reason, including, without limitation, a business decision to terminate operations in this State, license revocation, bankruptcy or voluntary dissolution, the licensee shall provide written notice of surrender to the Commissioner and shall surrender to the Commissioner its license for each location in which the licensee has ceased to engage in such business.

2. A written notice of surrender provided pursuant to subsection 1 must identify the location where the records of the licensee will be stored and the name, address and telephone number of a natural person authorized to provide access to the records.

3. The surrender of a license does not reduce or eliminate the licensee's civil or criminal liability arising from acts or omissions occurring before the surrender of the license, including, without limitation, any administrative actions undertaken by the Commissioner to revoke or suspend a license, assess a civil penalty, order restitution or exercise any other authority provided to the Commissioner.
Nev. Rev. Stat. § 671.325 — NV Code / Title 55 / Chapter 671 / Section 671.325
Filing of report upon occurrence of certain events
Status: in_force

1. A licensee shall file a report with the Commissioner within 1 business day after the licensee has reason to know of the occurrence of any of the following events: (a) The filing of a petition by or against the licensee for bankruptcy or reorganization pursuant to the United States Bankruptcy Code; (b) The filing of a petition by or against the licensee for receivership, the commencement of any other judicial or administrative proceeding for the dissolution or reorganization of the licensee or the making of a general assignment for the benefit of the creditors of the licensee; or (c) The commencement of a proceeding to revoke or suspend the license of the licensee in a state or country in which the licensee engages in business or is licensed.

2. A licensee shall file a report with the Commissioner within 3 business days after the licensee has reason to know of the occurrence of any of the following events: (a) A charge or conviction of the licensee or of a key individual or person in control of the licensee for a felony; or (b) A charge or conviction of an authorized delegate for a felony.
Nev. Rev. Stat. § 671.435 — NV Code / Title 55 / Chapter 671 / Section 671.435
Suspension, revocation or denial of renewal of license: Notice; hearing; order; grounds; considerations in determining whether practice is unsafe or unsound; judicial review
Status: in_force

1. If the Commissioner has reason to believe that grounds exist for the suspension, revocation or denial of renewal of a license, the Commissioner shall give 10 days' written notice to the licensee, stating the grounds therefor, and shall set a date for a hearing, if a hearing is requested by the licensee. If the protection of the public so requires, the Commissioner may suspend the license at any time before the hearing.

2. At the conclusion of the hearing, the Commissioner shall enter a written order either dismissing the charges or suspending, revoking or denying the renewal of the license. The order must include a statement of the grounds for the action taken by the Commissioner and becomes effective 10 days after receipt of a copy of the order by the licensee at the licensee's principal place of business. The Commissioner may immediately suspend, revoke or deny the renewal of the license in a case where the licensee has failed to maintain in effect the required surety bond or insurance policy.

3. The grounds for suspension, revocation or denial of renewal of a license are that: (a) The licensee has failed to pay the annual fee for renewal or the fee for late renewal; (b) The licensee has failed to maintain in effect the required bond or securities; (c) The licensee has committed an act of fraud, misrepresentation or gross negligence or has omitted any material fact in any application, statement or report; (d) The licensee has failed to pay any judgment arising from the licensee's business within 30 days after the judgment becomes final or within 30 days after the expiration of a stay of execution on the judgment; (e) The licensee has failed to cooperate with an examination or investigation by the Commissioner; (f) The competence, experience, character or general fitness of the licensee, an authorized delegate of the licensee, a responsible person of such an authorized delegate, a person in control of the licensee or a key individual of the licensee indicates that it is not in the public interest to allow the licensee to provide money transmission; (g) The licensee has engaged in an unsafe or unsound practice; (h) The licensee is insolvent, suspends payment of its obligations or makes a general assignment for the benefit of its creditors; (i) The licensee has not removed an authorized delegate of the licensee after the Commissioner issued and served on the licensee a final order that includes a finding that the authorized delegate has committed a violation of any provision of this chapter or any regulation adopted or order issued by the Commissioner pursuant to this chapter; (j) An authorized delegate of the licensee, as a result of the willful misconduct or willful blindness of the licensee, has been convicted of a violation of a state or federal anti-money laundering statute or has committed a violation of any provision of this chapter or any regulation adopted or order issued by the Commissioner pursuant to this chapter; or (k) The licensee has committed a violation of any provision of this chapter or any regulation adopted or order issued by the Commissioner pursuant to this chapter.

4. In determining whether a licensee has engaged in an unsafe or unsound practice pursuant to paragraph (g) of subsection 3, the Commissioner may consider the size and condition of the money transmission of the licensee, the magnitude of the loss, the gravity of the violation of the provisions of this chapter or the regulations adopted or order issued by the Commissioner pursuant thereto and the previous conduct of the licensee.

5. Any action taken by the Commissioner pursuant to this section is subject to judicial review in the first judicial district court.
Nev. Rev. Stat. § 676A.520 — NV Code / Title 55 / Chapter 676A / Section 676A.520
Duties of provider before providing debt-management services
Status: in_force

1. Before providing debt-management services, a registered provider shall give the individual an itemized list of goods and services and the charges for each. The list must be clear and conspicuous, be in a record the individual may keep whether or not the individual assents to an agreement and describe the goods and services the provider offers: (a) Free of additional charge if the individual enters into an agreement; (b) For a charge if the individual does not enter into an agreement; and (c) For a charge if the individual enters into an agreement, using the following terminology, as applicable, and format: Set-up fee __________________________________________________ dollar amount of fee Monthly service fee __________________________________________________ dollar amount of fee or method of determining amount Settlement fee __________________________________________________ dollar amount of fee or method of determining amount Goods and services in addition to those provided in connection with a plan: _______________ _______________________________________________________ (item) dollar amount or method of determining amount _______________ _______________________________________________________ (item) dollar amount or method of determining amount

2. A provider may not furnish debt-management services unless the provider, through the services of a certified counselor or certified debt specialist: (a) Provides the individual with reasonable education about the management of personal finance; (b) Has prepared a financial analysis; and (c) If the provider will develop and implement a debt-management plan and the individual is to make regular, periodic payments: (1) Has prepared a plan for the individual; (2) Has made a determination, based on the provider's analysis of the information provided by the individual and otherwise available to the provider, that the plan is suitable for the individual and the individual will be able to meet the payment obligations under the plan; and (3) Believes that each creditor of the individual listed as a participating creditor in the plan will accept payment of the individual's debts as provided in the plan.

3. Before an individual assents to an agreement, a provider shall: (a) Provide the individual with a copy of the analysis and plan required by subsection 2 in a record which identifies the provider and which the individual may keep whether or not the individual assents to the agreement; (b) Inform the individual of the availability, at the individual's option, of assistance by a toll-free communication system or in person to discuss the financial analysis and plan required by subsection 2; and (c) If the agreement contemplates that the provider will develop and implement a debt-management plan and with respect to all creditors identified by the individual or otherwise known by the provider to be creditors of the individual, provide the individual with a list of: (1) Creditors that the provider expects to participate in the plan and grant concessions; (2) Creditors that the provider expects to participate in the plan but not grant concessions; (3) Creditors that the provider expects not to participate in the plan; and (4) All other creditors.

4. Before an individual assents to an agreement, the provider shall inform the individual in a separate record which the individual may keep: (a) Of the name and business address of the provider; (b) That plans are not suitable for all individuals and the individual may ask the provider about other ways, including, without limitation, bankruptcy, to deal with indebtedness; (c) That establishment of a plan may adversely affect the individual's credit rating or credit scores; (d) That nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including, without limitation, litigation; (e) Unless it is not true, that the provider may receive compensation from the creditors of the individual; and (f) That, unless the individual is insolvent, if a creditor settles for less than the full amount of the debt, the plan may result in the creation of taxable income to the individual, even though the individual does not receive any money.

5. If a provider may receive payments from an individual's creditors and the plan contemplates that the provider will develop and implement a debt-management plan, the provider may comply with subsection 4 by providing the following disclosure, surrounded by black lines: IMPORTANT INFORMATION FOR YOU TO CONSIDER (1) Debt-management plans are not right for all individuals, and you may ask us to provide information about other ways, including bankruptcy, to deal with your debts. (2) Using a debt-management plan may make it harder for you to obtain credit. (3) We may receive compensation for our services from your creditors. ______________________________________ Name and business address of provider

6. If a provider will not receive payments from an individual's creditors and the plan contemplates that the provider will develop and implement a debt-management plan, a provider may comply with subsection 4 by providing the following disclosure, surrounded by black lines: IMPORTANT INFORMATION FOR YOU TO CONSIDER (1) Debt-management plans are not right for all individuals, and you may ask us to provide information about other ways, including bankruptcy, to deal with your debts. (2) Using a debt-management plan may make it harder for you to obtain credit. ______________________________________ Name and business address of provider

7. If an agreement contemplates that a provider will provide debt settlement services, the provider may comply with subsection 4 by providing the following disclosure, surrounded by black lines: IMPORTANT INFORMATION FOR YOU TO CONSIDER (1) Our program is not right for all individuals, and you may ask us to provide information about bankruptcy and other ways to deal with your debts. (2) Nonpayment of your debts under our program may: Hurt your credit rating or credit scores; Lead your creditors to increase finance and other charges; and Lead your creditors to undertake activity, including lawsuits, to collect the debts. (3) Reduction of debt under our program may result in taxable income to you, even though you will not actually receive any money. ______________________________________ Name and business address of provider
Nev. Rev. Stat. § 669.227 — NV Code / Title 55 / Chapter 669 / Section 669.227
Trust company or savings bank 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, “savings bank” has the meaning ascribed to it in NRS 673.0317 .
Nev. Rev. Stat. § 673.4843 — NV Code / Title 55 / Chapter 673 / Section 673.4843
Authority of Commissioner to order discontinuance of unlawful or unsafe practices; special meetings of directors concerning noncompliance
Status: in_force

1. If the Commissioner finds as the result of any examination or from any report made to him or her or to any savings bank doing business in this state or from any report made to any of its investors that the savings bank is violating the provisions of its articles of incorporation, charter, bylaws, or any law of this state, or is conducting its business in an unsafe or injurious manner, he or she may by an order addressed to such savings bank direct a discontinuance of such violations or unsafe or injurious practices and a conformity with all the requirements of law.

2. If a savings bank does not comply with such order, the Commissioner may order the corporate secretary to call a special directors' meeting to consider the matter of noncompliance.

3. The meeting must be held no later than 60 days after issuance of the order to hold the meeting, unless otherwise restrained by court order or by the board. The business of the meeting must be limited to the matter of noncompliance and remedies therefor and the notice of such meeting must set forth in detail the Commissioner's discontinuance order and order to call a directors' meeting.

4. Action taken at the meeting is binding upon the officers of the savings bank.
Nev. Rev. Stat. § 673.5927 — NV Code / Title 55 / Chapter 673 / Section 673.5927
Provisions are in addition to any other remedy provided by law
Status: in_force

NRS 673.5921 to 673.5926 , inclusive, are in addition to and not in substitution for any other remedy provided by law.
Nev. Rev. Stat. § 673.117 — NV Code / Title 55 / Chapter 673 / Section 673.117
Use or change of business name; prohibitions
Status: in_force

1. A licensee must obtain the approval of the Commissioner before using or changing a business name.

2. A licensee shall not: (a) Use any business name which is identical or similar to a business name used by another licensee under this chapter which may mislead or confuse the public. (b) Use any printed forms which may mislead or confuse the public.
Nev. Rev. Stat. § 659.025 — NV Code / Title 55 / Chapter 659 / Section 659.025
Articles of incorporation or organization: Contents
Status: in_force

The articles of incorporation or organization must, in addition to the requirements prescribed in chapters 78 and 86 of NRS, set forth the nature of the business of the corporation or limited-liability company.
Nev. Rev. Stat. § 675.284 — NV Code / Title 55 / Chapter 675 / Section 675.284
Notification of breach of security of computerized data system: Required notification to Attorney General under certain circumstances
Status: in_force

1. A licensee who is required to notify more than 500 residents of this State pursuant to NRS 675.283 as the result of a single breach shall notify the Attorney General of the breach not more than 30 days after the date on which the licensee discovered or was notified of the breach. The notification must include, without limitation: (a) The number of residents of this State affected or estimated to be affected by the breach. (b) A list of the types of personal information that were or are reasonably believed to have been subject to the breach. (c) The period of time, if known, in which personal information was potentially subject to acquisition by unauthorized persons as a result of the breach, including, without limitation, the date of the breach and the date upon which the licensee discovered or was notified of the breach. (d) A summary of the actions taken to contain the breach. (e) A sample copy of the notification the licensee provided to persons affected or reasonably believed to be affected by the breach which excludes any personally identifiable information.

2. If any of the information described in subsection 1 is unavailable to a licensee at the time the licensee submits the notification to the Attorney General, the licensee shall promptly provide the information to the Attorney General after the information becomes available to the licensee.
Nev. Rev. Stat. § 670B.050 — NV Code / Title 55 / Chapter 670B / Section 670B.050
“Licensee” defined
Status: in_force

“ Licensee ” means a student loan servicer licensed by the Commissioner pursuant to this chapter.
Nev. Rev. Stat. § 673.2176 — NV Code / Title 55 / Chapter 673 / Section 673.2176
Notification of change in ownership of stock; application required after certain acquisitions; investigation; costs; waiver
Status: in_force

1. A savings bank shall immediately notify the Commissioner of any change or proposed change in ownership of the stock of the savings bank which would result in any person, including a business trust, obtaining 5 percent or more of the outstanding capital stock of the savings bank.

2. An application must be submitted to the Commissioner, pursuant to NRS 673.080 , by a person who acquires: (a) At least 25 percent of the outstanding stock of the savings bank; or (b) Any outstanding stock of a savings bank if the change will result in a change in the control of the savings bank. Except as otherwise provided in subsection 4, the Commissioner shall conduct an investigation to determine whether the character and responsibility of the applicant is such as to command the confidence of the community in which the main office of the savings bank is located. If the Commissioner denies the application, he or she may forbid the applicant from participating in the business of the savings bank.

3. The savings bank with which the applicant is affiliated shall pay such a portion of the cost of the investigation as the Commissioner requires. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account for Financial Institutions created by NRS 232.545 .

4. A savings bank may submit a written request to the Commissioner to waive an investigation pursuant to subsection 2. The Commissioner may grant a waiver if the applicant has undergone a similar investigation by a state or federal agency in connection with the licensing of or his or her employment with a financial institution.
Nev. Rev. Stat. § 662.103 — NV Code / Title 55 / Chapter 662 / Section 662.103
Investment in real property for development: Limitations; filing of disclosure with Commissioner; failure to make disclosure unlawful
Status: in_force

1. A bank may invest in real property for development, directly or through partnerships, joint ventures or other indirect methods. Any such investment must not exceed the market value or appraisal of the property as evidenced by a report prepared within 120 days before the investment by a member of a society approved collectively by the Commissioner or by another appraiser approved individually by the Commissioner. Approval must be based on the independence, experience and training required of or possessed by the appraiser.

2. Within 30 days after such an investment is made, the bank must file with the Commissioner: (a) A certified copy of at least one report of the appraisal of the real property in which the investment is made; and (b) The report of a title insurance company which contains the transfers of title which occurred during a period of at least 3 years immediately preceding the investment and the amount of consideration, if available, given for each transfer.

3. A bank may not invest in real property for development, exclusive of investments allowed under paragraphs (a) and (b) of subsection 2 of NRS 662.015 and of real property acquired through the collection of debts due to the bank, an amount which exceeds its stockholders' or members' equity or 10 percent of its assets, whichever is less. The Commissioner may require a statement from the bank disclosing whether any director, officer or employee of the bank has a direct or indirect interest in the real property involved or has had any such interest at any time during the preceding 3 years. Ownership of stock in a corporation which has an interest is an interest in the property of the stockholder. Failure to make a required disclosure is unlawful.
Nev. Rev. Stat. § 673.0056 — NV Code / Title 55 / Chapter 673 / Section 673.0056
“Cooperative housing corporation” defined
Status: in_force

“ Cooperative housing corporation ” means a corporation organized under the laws of this State or any other state for the purpose of the cooperative ownership of real estate whereby each of the stockholders or members is entitled, through ownership of stock or a certificate of membership in the corporation, to occupy a house, apartment or other dwelling unit on real estate owned by the corporation.
Nev. Rev. Stat. § 657.190 — NV Code / Title 55 / Chapter 657 / Section 657.190
Suspension or revocation of license to operate or manage: Additional grounds
Status: in_force

In addition to any other lawful reasons, the Commissioner may suspend or revoke a license to operate a financial institution if the person who holds the license or any person who serves as a director, officer, manager or member acting in a managerial capacity for the financial institution has engaged in any act that would be grounds for denying a license pursuant to NRS 657.180 .
Nev. Rev. Stat. § 662.075 — NV Code / Title 55 / Chapter 662 / Section 662.075
Investments authorized as security for deposits of public money
Status: in_force

1. Notwithstanding any restrictions or limitations on securities for deposits of public money contained in any law of this state, the bonds, debentures, securities or other similar obligations issued pursuant to: (a) The Federal Farm Loan Act, as amended; (b) The Farm Credit Act of 1933, as amended; (c) The Federal Home Loan Bank Act of 1932, as amended; (d) The Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259 , inclusive, as now or hereafter amended; and (e) Any other federal act or authority, the bonds, debentures, securities or other similar obligations of which have been approved by the Commissioner for investment, are, without limitation, authorized securities for all deposits of public money for the State of Nevada, of agencies of the State of Nevada, of counties of the State of Nevada, and of municipalities and other political subdivisions of the State of Nevada.

2. This section is cumulative to all other laws relating to securities for deposits of public money.
Nev. Rev. Stat. § 665.180 — NV Code / Title 55 / Chapter 665 / Section 665.180
Financial institution subject to Community Reinvestment Act of 1977 to provide notification to Commissioner and conduct training sessions; Division of Financial Institutions to post CRA ratings on Internet website; biennial report of Commissioner
Status: in_force

1. A financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905 , inclusive, shall: (a) Notify the Commissioner of the public availability of the current CRA rating of the financial institution as soon as the CRA rating becomes publicly available. (b) Conduct training sessions to provide information concerning the obligations imposed on the financial institution by the CRA for persons and organizations, including, without limitation, faith-based and consumer advocacy organizations, that operate within the community served by the financial institution. The financial institution must report to the Commissioner the number of such training sessions conducted by the financial institution each year.

2. The Division of Financial Institutions shall post the current CRA rating for every financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905 , inclusive, on the Internet website of the Division.

3. Each even-numbered year, the Commissioner shall submit a report that includes: (a) The name of each financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905 , inclusive, and the current CRA rating of each such financial institution; and (b) The number of training sessions required by this section that are conducted by each such financial institution each year.

4. The report required pursuant to subsection 3 must be submitted to the Legislative Commission.

5. As used in this section, “ CRA rating ” means the rating assigned to a financial institution pursuant to 12 U.S.C. § 2906 .
Nev. Rev. Stat. § 671.011 — NV Code / Title 55 / Chapter 671 / Section 671.011
“Monetary value” defined
Status: in_force

“ Monetary value ” means a medium of exchange, whether or not redeemable in money.
Nev. Rev. Stat. § 669.047 — NV Code / Title 55 / Chapter 669 / Section 669.047
“Grandfathered trust company” defined
Status: in_force

“ Grandfathered trust company ” means a trust company that:

1. Held a license pursuant to this chapter on March 16, 2009; or

2. Filed an application for a license pursuant to this chapter with the Commissioner on or before March 16, 2009, and held such license on October 1, 2009.
Nev. Rev. Stat. § 667.105 — NV Code / Title 55 / Chapter 667 / Section 667.105
Destruction of records of liquidated insolvent banks
Status: in_force

1. Except as otherwise provided in subsections 2 and 3, after the expiration of 10 years from the filing by the Commissioner of a final report of liquidation of any insolvent bank, the Commissioner, with the consent of the State Board of Finance, may destroy the records of any insolvent bank held in the Office of the Commissioner in connection with the liquidation of the bank.

2. If there are any unpaid dividends of the insolvent bank, the Commissioner shall preserve the deposit ledger or other evidence of indebtedness of the bank which refers to the unpaid dividends until the dividends have been paid.

3. The Commissioner may not destroy any of the formal records of liquidation or any of the records made in the Commissioner’s office with reference to the liquidation of any insolvent bank.
Nev. Rev. Stat. § 673.484 — NV Code / Title 55 / Chapter 673 / Section 673.484
Suspension or revocation of charter: Grounds; notice and hearing
Status: in_force

The Commissioner may after notice and hearing suspend or revoke the charter of any savings banks for:

1. Repeated failure to abide by the provisions of this chapter or the regulations adopted thereunder.

2. Failure to pay a tax as required pursuant to the provisions of chapter 363A or 363C of NRS .
Nev. Rev. Stat. § 666A.250 — NV Code / Title 55 / Chapter 666A / Section 666A.250
State branch or agency: Maintenance of assets
Status: in_force

1. Each foreign bank which is licensed to establish and maintain a state branch or agency shall hold in this state currency, bonds, notes, debentures, drafts, bills of exchange or other evidence of indebtedness, including loan participation agreements or certificates, or other obligations payable in the United States or in United States money or, with the prior approval of the Commissioner, in money freely convertible into United States money, or such other assets as the Commissioner by regulation permits, in an amount which bears such relationship as the Commissioner prescribes to liabilities of the foreign bank payable at or through its state branch or agency, including acceptances, but excluding amounts due and other liabilities to other offices, agencies or branches of, and wholly owned, except for a nominal number of directors' shares, subsidiaries of, the foreign bank and such other liabilities as the Commissioner determines.

2. For the purposes of this section, the Commissioner shall value marketable securities at principal amount or market value, whichever is lower, may determine the value of any nonmarketable bond, note, debenture, draft, bill of exchange, other evidence of indebtedness, including agreements for or certificates of participation in loans, or of any other asset or obligation held or owed to the foreign bank or its state branch or agency in this state, and in determining the amount of assets for the purpose of computing the ratio of assets to liabilities, may by regulation exclude in whole or in part any particular asset.

3. If, by reason of the existence or the potential occurrence of unusual and extraordinary circumstances, the Commissioner deems it necessary or desirable for the maintenance of a sound financial condition, the protection of depositors, creditors and the public interest, and to maintain public confidence in the business of a state branch or agency, the Commissioner may, subject to such terms and conditions as the Commissioner may prescribe, require a foreign bank to deposit the assets required to be held in this state pursuant to this section with such Nevada banks or credit unions as the Commissioner may designate.

4. The assets held to satisfy the relationship of assets to liabilities prescribed by the Commissioner pursuant to this section may include obligations of any person for money borrowed from a foreign bank holding a license to establish and maintain a state branch or agency only to the extent that the total of such obligations of any person are not more than 10 percent of the assets considered for purposes of this section.
Nev. Rev. Stat. § 677.730 — NV Code / Title 55 / Chapter 677 / Section 677.730
Interest, charges and repayment
Status: in_force

A licensee may lend any amount of money:

1. At any rate of interest;

2. Subject to the imposition of any charge in any amount; and

3. Upon any schedule of repayment,

to which the parties may agree.
Nev. Rev. Stat. § 677.130 — NV Code / Title 55 / Chapter 677 / Section 677.130
“Thrift certificate” defined
Status: in_force

“Thrift certificate” means a chose in action, in passbook or certificate form, evidencing the obligation of the licensee to pay money and does not include subordinate debt securities.
Nev. Rev. Stat. § 669.085 — NV Code / Title 55 / Chapter 669 / Section 669.085
Pre-opening examination by Commissioner; other requirements
Status: in_force

1. In rendering a decision on an application for a license as a retail trust company, the Commissioner shall consider: (a) The proposed market or markets to be served and, if they extend outside of this State, any exceptional risk, examination or supervision concerns associated with such markets; (b) Whether the proposed organizational and capital structure and the amount of initial capital appear adequate in relation to the proposed business and market or markets, including, without limitation, the average level of assets under management and administration projected for each of the first 3 years of operation; (c) Whether the proposed officers and directors or managers of the proposed retail trust company, as a group, have sufficient experience, ability, standing and competence and whether each individually has sufficient trustworthiness and integrity to justify a belief that the proposed retail trust company will be free from improper or unlawful influence and otherwise will operate in compliance with the law and applicable fiduciary duties and that success of the proposed retail trust company is reasonably probable; (d) Whether any investment services to trusts, estates, charities, employee benefit plans and other fiduciary accounts or to natural persons, partnerships, limited-liability companies and other entities, including, without limitation, providing investment advice with or without discretion or selling investments in or investment products of affiliated or nonaffiliated persons, will be conducted in compliance with all applicable fiduciary standards, including, without limitation, NRS 164.700 to 164.775 , inclusive, the duty of loyalty and disclosure of material information; (e) Whether the proposed retail trust company will be exempt from registration under the Investment Advisers Act of 1940, 15 U.S.C. § 80b-1 et seq., and any similar state laws in each state where it would otherwise be required to register and, if not, whether it will comply with such registration requirements before commencing business and thereafter will comply with all federal and state laws and regulations applicable to it, its employees and representatives as a registrant under such laws; (f) Whether the proposed retail trust company will obtain suitable annual audits by qualified outside auditors of its books and records and its fiduciary activities under applicable account rules and standards as well as suitable internal audits; and (g) Any other factors that the Commissioner may reasonably require.

2. The Commissioner may require a retail trust company to maintain capital in excess of the minimum required either initially or at any subsequent time based on the Commissioner's assessment of the risks associated with the retail trust company's business plan or any other circumstances revealed in the application, the Commissioner's investigation of the application or any examination of or filing by the retail trust company thereafter, including any examination before the opening of the retail trust company for business. In making such a determination, the Commissioner may consider: (a) The nature and type of business proposed to be conducted by the retail trust company; (b) The nature and liquidity of assets proposed to be held in its own account; (c) The amount of fiduciary assets projected to be under management or under administration of the retail trust company; (d) The type of fiduciary assets proposed to be held and any proposed depository of such assets; (e) The complexity of fiduciary duties and degree of discretion proposed to be undertaken by the retail trust company; (f) The competence and experience of proposed management of the retail trust company; (g) The extent and adequacy of proposed internal controls; (h) The proposed presence or absence of annual audits by an independent certified public accountant, and the scope and frequency of such audits, whether they result in an opinion of the accountant and any qualifications to the opinion; (i) The reasonableness of business plans for retaining or acquiring additional equity capital; (j) The existence and adequacy of insurance proposed to be obtained by the retail trust company for the purpose of protecting its fiduciary assets; (k) The success of the retail trust company in achieving the financial projections submitted with its licensing application; (l) The fulfillment by the retail trust company of its representations and its descriptions of its business structures and methods and management set forth in its licensing application; and (m) Any other factor that the Commissioner may require.
Nev. Rev. Stat. § 676A.710 — NV Code / Title 55 / Chapter 676A / Section 676A.710
Provider to notify Commissioner of civil actions
Status: in_force

Not later than 30 days after a provider has been served with notice of a civil action for violation of this chapter by or on behalf of an individual who resides in this State at either the time of an agreement or the time the notice is served, the provider shall notify the Commissioner in a record that it has been sued.
Nev. Rev. Stat. § 675.367 — NV Code / Title 55 / Chapter 675 / Section 675.367
Borrower must be given description of rate and computation of interest; notice of increase in rate of interest or change in terms
Status: in_force

1. In addition to the information required in subsection 1 of NRS 675.360 , a borrower under an agreement for a loan for an indefinite term must be given a description of the agreed annual interest rate, stated as a percentage, the conditions under which interest will be charged and the method used to compute the interest for each billing cycle.

2. The licensee shall notify a borrower of any increase in the rate of interest to be charged or any other change in the terms of the agreement for a loan for an indefinite term: (a) No later than the date of the first billing after the effective date of the change, if the change in the rate of interest is pursuant to an agreement for the loan which is signed by the borrower and specifies the formula for computation of the adjustment in the rate; or (b) At least 30 days before the change is to take place for all other loans for an indefinite term. The change applies only to a debt incurred by the borrower after the effective date of the change, unless otherwise agreed by the borrower. In determining the balance to which an increase in the rate of interest applies, any payment received or other credit made to the borrower's account applies to the balance existing before the date of that increase until that balance is paid in full.
Nev. Rev. Stat. § 677.645 — NV Code / Title 55 / Chapter 677 / Section 677.645
Use or change of business name; prohibitions
Status: in_force

1. A licensee must obtain the approval of the Commissioner before using or changing a business name.

2. A licensee shall not: (a) Use any business name which is identical or similar to a business name used by another licensee under this chapter or which may mislead or confuse the public. (b) Use any printed forms which may mislead or confuse the public.
Nev. Rev. Stat. § 665.155 — NV Code / Title 55 / Chapter 665 / Section 665.155
Appraisal of assets of doubtful value
Status: in_force

1. If any assets of a bank are of a doubtful or disputed value, the Commissioner may have an appraisal of such assets made. In making such appraisal, the Commissioner shall designate one agent as an appraiser; the bank shall designate one agent as an appraiser; and the two chosen appraisers shall designate a third.

2. The selected appraisers shall make an appraisal of the assets designated as doubtful or disputed, and file a written report of their appraisal with the bank and with the Commissioner. In making such appraisal, the appraisers shall determine the actual cash market value of such assets. The appraisal, when made, must be accepted as the value of such assets for the purpose of examination or for the purpose of determining the actual cash market value of such assets.

3. The appraisers must not be interested in any way, either in the bank or as an employee of the Commissioner, and all expenses of such appraisal must be paid by the bank whose assets are appraised.

4. If any bank fails to appoint an appraiser within 10 days after the date on which the Commissioner designates an appraiser pursuant to subsection 1, the Commissioner may apply to the district court of the county in which the bank is located for the appointment of such an appraiser, and the court shall make the appointment for the bank.
Nev. Rev. Stat. § 666A.060 — NV Code / Title 55 / Chapter 666A / Section 666A.060
“Representative office” defined
Status: in_force

“Representative office” means an office of a foreign bank which is not a federal or state branch or agency or a subsidiary of a foreign bank.
Nev. Rev. Stat. § 669A.080 — NV Code / Title 55 / Chapter 669A / Section 669A.080
“Family trust company” defined
Status: in_force

“ Family trust company ” means a corporation or limited-liability company that:

1. Acts or proposes to act as a fiduciary;

2. Is organized or qualified to do business in this State to serve family members; and

3. Does not: (a) Transact trust company business with; (b) Propose to act as a fiduciary for; or (c) Solicit trust company business from, a person who is not a family member.
Nev. Rev. Stat. § 663.065 — NV Code / Title 55 / Chapter 663 / Section 663.065
Deposits and safe-deposit boxes of minors
Status: in_force

1. When any deposit is made in a bank or credit union by a minor, the bank or credit union may pay to such depositor such sums as may be due him or her, and the receipt of such minor to such bank or credit union is valid.

2. A bank or credit union may operate a deposit account in the name of a minor or in the name of two or more persons one or more of whom are minors with the same effect upon its liability as if such minors were of full age.

3. A bank or credit union may lease a safe-deposit box to, and in connection therewith deal with, a minor with the same effect as if leasing to and dealing with a person of full legal capacity.

4. An institution may rent a safe-deposit box or other receptacle for safe deposit of property to, and receive property for safe deposit from, a married minor and spouse, whether adult or minor, jointly.

5. This section does not affect the law governing transactions with minors in cases outside the scope of this section.
Nev. Rev. Stat. § 671.365 — NV Code / Title 55 / Chapter 671 / Section 671.365
Confidentiality of certain information and documents; authority of Commissioner to disclose confidential information to certain persons; information that is not confidential authorized to be made available on Internet website of Division of Financial Institutions
Status: in_force

1. Except as otherwise provided in NRS 239.0115 and this section, the following information and documents are confidential, are not subject to any subpoena and must not be made public: (a) Any information or reports obtained by the Commissioner from an applicant, licensee or authorized delegate; (b) Any information contained in or related to an operating report or condition report prepared by, on behalf of or for the use of the Commissioner; and (c) Any financial statement or balance sheet of a licensee or authorized delegate.

2. The Commissioner may disclose the information described in subsection 1 and NRS 671.415 : (a) To a representative of a state or federal agency who promises in a record to maintain the confidentiality of the information; and (b) To any person if the Commissioner finds that justice and the public advantage will be served by the disclosure of the information.

3. The provisions of this section do not prohibit the Commissioner from disclosing to the public a list of each licensee.

4. The Commissioner may make available to the public on the Internet website of the Division of Financial Institutions, upon receipt by the Division of Financial Institutions of a written request or in the Registry, any information in the records of the Division of Financial Institutions that is not confidential, including, without limitation: (a) The name, business address, telephone number and unique identifier of a licensee; (b) The business address of the registered agent of a licensee who has been designated to receive service on behalf of the licensee; (c) The name, business address and telephone number of all authorized delegates of a licensee; (d) The terms of or a copy of any surety bond filed by a licensee, so long as any confidential information, including, without limitation, prices and fees for such bond, is redacted; (e) A copy of any final order of the Division of Financial Institutions which is not confidential and related to any violation of this chapter or a regulation adopted pursuant thereto; and (f) The imposition of an administrative fine or penalty pursuant to this chapter.

5. As used in this section, “ unique identifier ” has the meaning ascribed to it in NRS 671.099 .
Nev. Rev. Stat. § 673.5931 — NV Code / Title 55 / Chapter 673 / Section 673.5931
Conditions under which savings bank may reorganize before actual dissolution
Status: in_force

1. When any savings bank is authorized to dissolve and has taken the necessary steps to effect dissolution in accordance with the laws of this State or the laws of the United States, but before actual dissolution, a majority of the directors or managers of the savings bank, upon authority in writing of the owners of two-thirds of its stock or two-thirds of the members' interests and with the approval of the Commissioner, may execute articles of incorporation or organization as provided in this chapter for the organization of a new savings bank. The articles must further set forth the authority derived from the stockholders or members of the savings bank.

2. Upon the filing of articles of incorporation or organization in the same manner as provided for the organization of new savings banks, the reorganized savings bank is a savings bank under the laws of this State. Upon reorganization, all assets, real and personal, of the dissolved savings bank, by operation of law, vest in and become the property of the reorganized savings bank, subject to all liabilities of the savings bank existing before the reorganization.
Nev. Rev. Stat. § 673.0435 — NV Code / Title 55 / Chapter 673 / Section 673.0435
Commissioner may secure injunctions and restraining orders
Status: in_force

The Commissioner may cause appropriate legal action to be taken in the district court of any county to secure an injunction or order restraining a violation of any provision of this chapter.
Nev. Rev. Stat. § 675.070 — NV Code / Title 55 / Chapter 675 / Section 675.070
Application of NRS 675.060 to persons who seek to evade
Status: in_force

The provisions of NRS 675.060 shall apply to any person who seeks to evade its application by any device, subterfuge or pretense whatever, including, but not thereby limiting the generality of the foregoing:

1. The loan, forbearance, use or sale of credit (as guarantor, surety, endorser, comaker or otherwise), money, goods, or things in action.

2. The use of collateral or related sales or purchases of goods or services, or agreements to sell or purchase, whether real or pretended.

3. Receiving or charging compensation for goods or services, whether or not sold, delivered or provided.

4. The real or pretended negotiation, arrangement or procurement of a loan through any use or activity of a third person, whether real or fictitious.
Nev. Rev. Stat. § 673.660 — NV Code / Title 55 / Chapter 673 / Section 673.660
Time for election of directors after conversion; time directors to hold office
Status: in_force

At the meeting the members shall also vote upon the directors who shall be the directors of the savings bank after conversion takes effect, to hold office until the next annual meeting and until their successors are elected and qualified.
Nev. Rev. Stat. § 669.281 — NV Code / Title 55 / Chapter 669 / Section 669.281
Authority of Commissioner to remove officer, director, manager or employee of retail trust company; appeal of removal; hearing; judicial review
Status: in_force

1. The Commissioner may require the immediate removal from office of any officer, director, manager or employee of any retail trust company doing business under this chapter who is found to be dishonest, incompetent or reckless in the management of the affairs of the retail trust company, or who persistently violates the laws of this State or the lawful orders, instructions and regulations issued by the Commissioner.

2. An officer, director, manager or employee of a retail trust company who is removed from office pursuant to subsection 1 may appeal his or her removal by filing a written request for a hearing with the Commissioner within 10 days after the effective date of his or her removal. The Commissioner shall conduct the hearing after providing at least 5 days' written notice to the retail trust company and the officer, director, manager or employee who is removed from office. Within 5 days after the hearing, the Commissioner shall enter an order affirming or disaffirming the removal of the person from office. An order of the Commissioner entered pursuant to this subsection is final for the purposes of judicial review.
Nev. Rev. Stat. § 667.015 — NV Code / Title 55 / Chapter 667 / Section 667.015
Procedure; applicable law; power to sell and transfer assets
Status: in_force

1. Except as otherwise provided in this section, a bank may go into voluntary liquidation pursuant to the provisions of NRS 78.580 or 86.491 .

2. If the voluntary liquidation of the bank results from a vote or agreement of the stockholders or members of the bank, a certified copy of all proceedings of the meeting at which that action is taken, verified by the oath of the president or a manager, must be transmitted to the Commissioner for the Commissioner’s approval. If the Commissioner approves the liquidation, the Commissioner shall issue to the bank, under the Commissioner’s seal, a permit for that purpose. No permit may be issued by the Commissioner until the Commissioner is satisfied that provision has been made by the bank to satisfy and pay off all depositors and all creditors of the bank. If the Commissioner is not satisfied, the Commissioner shall not issue a permit, but the Commissioner may take possession of the bank, its assets and business, and liquidate the bank in the manner provided by this chapter.

3. When the Commissioner approves the voluntary liquidation of a bank pursuant to subsection 2, the directors or managers of the bank shall cause to be published, in a newspaper in the city, town or county in which the bank is located, a notice that the bank is closing its affairs and going into liquidation, and that its depositors and creditors are to present their claims for payment.

4. When any bank is in the process of voluntary liquidation, it is subject to examination by the Commissioner, and the bank shall furnish such reports, from time to time, as may be called for by the Commissioner.

5. All unclaimed deposits and dividends remaining in the hands of the bank are subject to the provisions of this chapter.

6. Any bank that is in the process of voluntary liquidation may sell and transfer to any other state or national bank all or any portion of its assets of every kind upon such terms as may be agreed upon and approved by the Commissioner and by a majority vote of the bank's board of directors or of its managers. A certified copy of the minutes of any meeting at which that action is taken, under the oath of the president or a manager, and a copy of the contract of sale and transfer must be filed with the Commissioner.

7. If a voluntary liquidation or the sale and transfer of the assets of any bank is approved by the Commissioner, a certified copy of that approval under seal of the Commissioner, filed in the Office of the Secretary of State, authorizes the cancellation of the articles of incorporation or organization of the bank, subject to its continued existence, as provided by law.
Nev. Rev. Stat. § 675.120 — NV Code / Title 55 / Chapter 675 / Section 675.120
Issuance of license subsequent to findings by Commissioner
Status: in_force

If the Commissioner finds:

1. That the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief that the business will be operated lawfully, honestly, fairly and efficiently, within the purposes of this chapter; and

2. That the applicant, unless he or she will function solely as a loan broker, has available for the operation of the business at the specified location identified in the application liquid assets of at least $50,000,

he or she shall thereupon enter an order granting the application, and file his or her findings of fact together with the transcript of any hearing held under this chapter, and forthwith issue and deliver a license to the applicant.
Nev. Rev. Stat. § 673.2265 — NV Code / Title 55 / Chapter 673 / Section 673.2265
Membership in Federal Reserve System: Authorization; powers, duties and examination of member
Status: reserved

1. Any savings bank licensed pursuant to this chapter may subscribe to the stock of a Federal Reserve Bank and become a member of the Federal Reserve System.

2. Any savings bank licensed pursuant to this chapter which is, or which becomes, a member bank is, by this section, vested with all powers conferred upon member banks of the Federal Reserve System by the terms of the Federal Reserve Act as fully and completely as if such powers were specifically enumerated and described in this section, and all such powers must be exercised subject to all restrictions and limitations imposed by the Federal Reserve Act, or by regulations of the Board of Governors of the Federal Reserve System made pursuant thereto. The right, however, is expressly reserved to revoke or to amend the powers conferred in this section.

3. Compliance on the part of any such savings bank with the reserve requirements of the Federal Reserve Act shall be deemed to be full compliance with those provisions of the laws of this State which require savings banks to maintain cash balances in their vaults or with other banks, and no such savings bank need carry or maintain a reserve other than such as is required under the terms of the Federal Reserve Act.

4. Any such savings bank continues to be subject to supervision and examinations required by the laws of this State, except that the Board of Governors of the Federal Reserve System may, if it deems necessary, make examinations of the savings bank. The authorities of this State having supervision over such savings bank may disclose to the Board of Governors of the Federal Reserve System, or to examiners appointed by it, all information in reference to the affairs of any savings bank which has become, or desires to become, a member bank of the Federal Reserve System.

5. The provisions of this section shall not be construed to limit the ability of a savings bank to engage in any activity authorized by NRS 673.300 .

6. As used in this section: (a) “ Board of Governors of the Federal Reserve System ” means the Board of Governors of the Federal Reserve System created and described in the Federal Reserve Act. (b) “ Federal Reserve Act ” means the Act of Congress, approved December 23, 1913, being c. 6, 38 Stat. 251, as amended. (c) “ Federal Reserve Bank ” means the Federal Reserve Banks created and organized under authority of the Federal Reserve Act. (d) “ Federal Reserve System ” means, collectively, the Federal Reserve Banks and the Board of Governors of the Federal Reserve System. (e) “ Member bank ” means any national bank, state bank, savings bank or banking and trust company which has become or which becomes a member of the Federal Reserve System.
Nev. Rev. Stat. § 670B.210 — NV Code / Title 55 / Chapter 670B / Section 670B.210
Application for license: Submission; financial statement; supporting information; fees; surety bond
Status: in_force

Except as otherwise provided in NRS 670B.240 , a person may apply for a license as a student loan servicer by submitting a written application to the Commissioner on a form prescribed by the Commissioner. The application must be accompanied by:

1. A financial statement prepared by a certified public accountant or a public accountant, the accuracy of which is sworn to under oath before a notary public by the proprietor, a general partner or a corporate officer or a member authorized to execute such documents;

2. Any other information requested by the Commissioner or otherwise required in connection with the evaluation and investigation of the applicant's qualifications and suitability for licensure;

3. A nonrefundable license fee of $1,000;

4. A nonrefundable investigation fee of $800; and

5. A surety bond in an amount determined by the Commissioner.
Nev. Rev. Stat. § 673.670 — NV Code / Title 55 / Chapter 673 / Section 673.670
Filing of verified minutes of stockholders' meeting
Status: in_force

Copies of the minutes of the proceedings of the meeting, verified by the affidavit of the president or vice president and the secretary or an assistant secretary, must be filed in the Office of the Commissioner and, in duplicate, with the Federal Home Loan Bank or Federal Reserve Bank of which the savings bank is a member and, for a federal savings bank or national bank which converts to a savings bank, the Office of the Comptroller of the Currency, within 10 days after the meeting.
Nev. Rev. Stat. § 670B.200 — NV Code / Title 55 / Chapter 670B / Section 670B.200
License required; exceptions
Status: in_force

1. Except as otherwise provided in subsection 2, a person shall not act as a student loan servicer, directly or indirectly, without first obtaining a license from the Commissioner pursuant to this chapter.

2. The following persons may act as a student loan servicer without obtaining a license pursuant to this chapter: (a) Any bank, savings and loan association, savings bank, thrift company or credit union, whether chartered by this State, another state or the Federal Government. (b) Any wholly owned subsidiary of any person identified in paragraph (a). (c) Any operating subsidiary of any person identified in paragraph (a) if each owner of the operating subsidiary is wholly owned by the same person identified in paragraph (a).
Nev. Rev. Stat. § 669A.200 — NV Code / Title 55 / Chapter 669A / Section 669A.200
Investigation of applicant; rights of applicant upon denial of license; entry of final order; judicial review
Status: in_force

1. Within 60 days after the application for a license as a family trust company is filed, the Commissioner shall investigate the facts of the application and the other requirements of this chapter to determine: (a) That the persons who will serve as directors or officers of the corporation, or the managers or members acting in a managerial capacity of the limited-liability company, as applicable: (1) Have a good reputation for honesty, trustworthiness and integrity and display competence to transact the business of a licensed family trust company. The applicant must submit satisfactory proof of these qualifications to the Commissioner. (2) Have not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude. (3) Have not made a false statement of material fact on the application. (4) Have not had a license that was issued pursuant to the provisions of this chapter or chapter 669 of NRS suspended or revoked within the 10 years immediately preceding the date of the application. (5) Have not had a license as a trust company which was issued in any other state, district or territory of the United States or any foreign country suspended or revoked within the 10 years immediately preceding the date of the application. (6) Have not been found guilty of any violation of any of the provisions of this chapter or any regulation adopted pursuant thereto that in the judgment of the Commissioner would render the person unfit for the proposed position. (b) That the financial status of the directors and officers of the corporation, or the managers or members acting in a managerial capacity of the limited-liability company, as applicable, is consistent with their responsibilities and duties. (c) That the name of the proposed company complies with the provisions of NRS 657.200 . (d) That the initial stockholders' equity is not less than the required minimum.

2. Notice of the entry of an order refusing a license to a family trust company must be given in writing, served personally or sent by certified mail to the company affected. The company, upon application, is entitled to a hearing before a hearing officer appointed by the Director of the Department of Business and Industry, but if no such application is made within 30 days after the entry of an order refusing a license to any company, the Commissioner shall enter a final order.

3. If the hearing officer affirms the order of the Commissioner refusing the license, the applicant may file a petition for judicial review pursuant to NRS 233B.130 .
Nev. Rev. Stat. § 671.225 — NV Code / Title 55 / Chapter 671 / Section 671.225
Failure to remit money as required: Relief authorized in action by licensee against authorized delegate; notification by licensee required upon issuance of order prohibiting person from acting as authorized delegate; penalty
Status: in_force

1. If, in any action brought by a licensee against an authorized delegate, the court finds that the authorized delegate failed to remit money in accordance with the written contract with the licensee required by NRS 671.205 or as otherwise directed by the licensee or required by law, the court may grant appropriate equitable or legal relief, including, without limitation, prohibiting the authorized delegate from directly or indirectly acting as an authorized delegate for any licensee in this State and the payment of restitution, damages or other monetary relief.

2. If a court issues an order prohibiting a person from acting as an authorized delegate for any licensee pursuant to subsection 1, the licensee that brought the action shall report the order to: (a) The Commissioner within 30 days after entry of the order; and (b) The Registry within 90 days after entry of the order.

3. An authorized delegate who holds money in trust for the benefit of a licensee and knowingly fails to remit money is guilty of a misdemeanor.

4. As used in this section, “ remit ” means to make direct payments of money, credits or monetary value to a licensee or its representative authorized to receive money or to deposit money in an account specified by the licensee in a bank or credit union authorized to do business in this State.
Nev. Rev. Stat. § 673.5929 — NV Code / Title 55 / Chapter 673 / Section 673.5929
Conditions under which savings banks may reopen
Status: in_force

When the Commissioner or the Federal Deposit Insurance Corporation has taken possession of any savings bank, the savings bank may, with the consent of the Commissioner, resume business upon such terms and conditions as may be approved by the Commissioner and the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 663.045 — NV Code / Title 55 / Chapter 663 / Section 663.045
Depository collateral not required for insured deposits
Status: in_force

Notwithstanding any provision of law of this state or of any political subdivision thereof requiring security for deposits in the form of collateral or surety bond or in any other form, security for such deposits shall not be required to the extent such deposits are insured under the provisions of the Federal Deposit Insurance Act, 1 as now or hereafter amended, or insured by the National Credit Union Share Insurance Fund or by a private insurer approved pursuant to NRS 672.755 .

1 12 U.S.C.A. § 1811 et seq.
Nev. Rev. Stat. § 676A.050 — NV Code / Title 55 / Chapter 676A / Section 676A.050
“Bank” defined
Status: in_force

“ Bank ” means a financial institution, including, without limitation, a commercial bank, savings bank, savings and loan association, credit union and trust company, engaged in the business of banking, chartered under federal or state law and regulated by a federal or state banking regulatory authority.
Nev. Rev. Stat. § 657.070 — NV Code / Title 55 / Chapter 657 / Section 657.070
“Stockholders' equity” and “members' equity” defined
Status: in_force

“Stockholders' equity” or “members' equity” means the capital, surplus and retained earnings of a bank.
Nev. Rev. Stat. § 676A.630 — NV Code / Title 55 / Chapter 676A / Section 676A.630
Provider to provide accounting periodically and upon request; retention of records
Status: in_force

1. If an agreement contemplates that a provider will develop and implement a debt-management plan or provide debt settlement services, the provider shall provide the accounting required by subsection 2: (a) Upon cancellation or termination of the agreement; and (b) Before cancellation or termination of the agreement: (1) At least once each month; and (2) Within 5 business days after a request by an individual, but the provider need not comply with more than one request in any calendar month.

2. A provider, in a record, shall provide each individual for whom it has established a plan an accounting of the following information: (a) The amount of money received from the individual since the last report; (b) The amounts and dates of disbursement made on the individual's behalf, or by the individual upon the direction of the provider, since the last report to each creditor listed in the plan; (c) The amounts deducted from the amount received from the individual; (d) The amount held in reserve; and (e) If, since the last report, a creditor has agreed to accept as payment in full an amount less than the principal amount of the debt owed by the individual: (1) The total amount and terms of the settlement; (2) The amount of the debt when the individual assented to the plan; (3) The amount of the debt when the creditor agreed to the settlement; and (4) The calculation of a settlement fee.

3. A provider shall maintain records for each individual for whom it provides debt-management services for 5 years after the final payment made by the individual and produce a copy of them to the individual within a reasonable time after a request for them. The provider may use electronic or other means of storage of the records.
Nev. Rev. Stat. § 657A.130 — NV Code / Title 55 / Chapter 657A / Section 657A.130
“Director” defined
Status: in_force

“ Director ” means the Director of the Department of Business and Industry.
Nev. Rev. Stat. § 669A.280 — NV Code / Title 55 / Chapter 669A / Section 669A.280
Authority of Commissioner to revoke license
Status: in_force

1. The violation of any of the provisions of this chapter by the officers or directors, or the managers or members acting in a managerial capacity, of any licensed family trust company is sufficient cause for the Commissioner to revoke the license of the family trust company.

2. If a licensed family trust company or any person authorized to act on behalf of the family trust company refuses to allow the Commissioner or the Commissioner’s deputies to inspect all books, records, papers and effects of the business of the family trust company, the Commissioner may revoke the license of the licensed family trust company.
Nev. Rev. Stat. § 672.350 — NV Code / Title 55 / Chapter 672 / Section 672.350
Board of directors: Number, election and terms of members; procedure for filling vacancy
Status: in_force

1. The business affairs of a credit union shall be directed by an odd-numbered board of not fewer than five directors to be elected at the annual meetings by and from the members, and an audit and credit committee if appointed by the board. The persons designated in the articles of incorporation shall be the first directors.

2. All members of the board and such committees shall hold office for such terms as the bylaws may provide.

3. Vacancies in the board of directors shall be filled by vote of the members at the annual meeting or at a special meeting called for that purpose. The board may fill any vacancies occurring in the board until successors elected at the annual meeting or special meeting have qualified. The board shall also fill vacancies in the credit and audit committees.
Nev. Rev. Stat. § 673.2766 — NV Code / Title 55 / Chapter 673 / Section 673.2766
Investments in real property for subdivision or residential development
Status: in_force

1. Any investment in real property for purposes of subdivision or for residential development must not exceed the market value or appraisal valuation as evidenced by an appraisal report prepared within 120 days of the investment by a member of the Appraisal Institute or the National Association of Independent Fee Appraisers, or by such other appraiser as may be approved by the Commissioner.

2. The Commissioner may require a statement from the savings bank disclosing whether any director, officer or employee of the savings bank has a direct or indirect interest in the real property involved or has had an interest at any time during the past 3 years. Stock ownership in an interested corporation may be considered the direct or indirect interest of the investor. Failure to make a required disclosure is unlawful.
Nev. Rev. Stat. § 676A.080 — NV Code / Title 55 / Chapter 676A / Section 676A.080
“Certified debt specialist” defined
Status: in_force

“ Certified debt specialist ” means an individual certified by a training program or certifying organization, approved by the Commissioner, that authenticates the competence of individuals providing education and assistance to other individuals in connection with debt settlement services.
Nev. Rev. Stat. § 675.035 — NV Code / Title 55 / Chapter 675 / Section 675.035
Applicability of chapter
Status: in_force

The provisions of this chapter apply to any person who:

1. Makes installment loans that are not subject to regulation pursuant to chapter 604A of NRS ;

2. Is an affiliate, subsidiary or holding company of a bank, national banking association, savings bank, trust company, savings and loan association, credit union, mortgage company, mortgage servicer as that term is defined in NRS 645F.063 , thrift company or insurance company; and

3. Seeks to evade its application by any device, subterfuge or pretense, including, without limitation: (a) Calling a loan by any other name; (b) Using any agents, affiliates or subsidiaries in an attempt to avoid the application of the provisions of this chapter; or (c) Having any affiliation or other business arrangement with an entity that is exempt from the provisions of this chapter pursuant to subsection 1 of NRS 675.040 , the effect of which is to evade the provisions of this chapter, including, without limitation, making a loan while purporting to be the agent of such an exempt entity where the purported agent holds, acquires or maintains a material economic interest in the revenues generated by the loan.
Nev. Rev. Stat. § 657A.430 — NV Code / Title 55 / Chapter 657A / Section 657A.430
Issuance of registration upon approval of application; conditional approval of application
Status: in_force

1. If the Director approves an application to participate in the Program: (a) The applicant shall be deemed a participant. (b) The Director shall issue a registration number unique to the approval. (c) Except as otherwise required by the Director pursuant to subsection 2 or NRS 657A.620 , a product or service offered or provided within the scope of the Program is exempt from any provision of this title, chapter 645A, 645B, 645F or 645G of NRS or any regulation adopted pursuant thereto.

2. In addition to any other requirements or limitations of NRS 657A.300 or 657A.310 that apply to a product or service, the Director may condition approval of an application upon compliance by the participant with one or more provisions of this title, chapter 645A, 645B, 645F or 645G of NRS or any regulation adopted pursuant thereto.

3. A notice of approval of an application given pursuant to NRS 657A.420 must be accompanied by a copy of the provisions of this chapter and any applicable regulations of the Director then in effect, and set forth: (a) The registration number applicable to the approval; (b) The period of testing prescribed by NRS 657A.340 ; (c) The general limitations of NRS 657A.300 , any additional requirements or limitations applicable specifically to the product or service pursuant to NRS 657A.310 and any conditions imposed pursuant to subsection 2 or NRS 657A.620 ; and (d) Any additional information required by the Director to be disclosed to consumers pursuant to subsection 2 of NRS 657A.330 .
Nev. Rev. Stat. § 657A.520 — NV Code / Title 55 / Chapter 657A / Section 657A.520
Electronic form of certain information; substitution of certain information
Status: in_force

Any information, writing, signature, record or disclosure required by the provisions of this chapter or any regulation adopted pursuant thereto, may:

1. Be obtained, recorded, provided or maintained by a participant in electronic form.

2. With the approval of the Director, be substituted by a participant with any substantially equivalent information, writing, signature, record or disclosure.
Nev. Rev. Stat. § 669A.256 — NV Code / Title 55 / Chapter 669A / Section 669A.256
Sealing of trust documents
Status: in_force

1. In any court proceeding relating to a trust or estate, the family trust company, licensed family trust company, other fiduciary of the trust, settlor or any beneficiary, may petition the court to order the following trust documents to be sealed: (a) Any trust instruments; (b) Any inventories; (c) Any accounts; (d) Any statements filed by a fiduciary; (e) Any annual reports of a fiduciary; (f) Any final reports of a fiduciary; (g) All petitions, exhibits, objections, pleadings and motions relevant to the trust or its administration; and (h) All court orders.

2. Any documents sealed by a court pursuant to subsection 1 may not be made part of the public record but are available to the court, any fiduciary of the trust, the beneficiaries or settlor of the trust or their attorneys, and to other interested parties as the court may order upon a showing of good cause.
Nev. Rev. Stat. § 669.2845 — NV Code / Title 55 / Chapter 669 / Section 669.2845
Revocation of license; notice and hearing required
Status: in_force

If the Commissioner finds that probable cause for revocation of any license exists and that enforcement of the provisions of this chapter requires immediate suspension of a license pending investigation, the Commissioner may, upon 5 days' written notice and a hearing, enter an order suspending a license for a period not exceeding 20 days, pending a hearing upon the revocation.
Nev. Rev. Stat. § 661.075 — NV Code / Title 55 / Chapter 661 / Section 661.075
Failure to pay installment on stock or contribution: Sale of stock or member's interest; forfeiture of amount previously paid
Status: in_force

1. If a stockholder of a banking corporation or member of a banking company fails to pay any installment on his or her stock or contribution when the installment is required by law to be paid, the directors or managers of the bank shall sell the stock or member's interest at public or private sale, as they may deem best, having first given the delinquent stockholder or member 20 days' notice, personally or by mail, at his or her last known address.

2. If no person can be found who will pay for the stock or interest the amount due thereon, together with any additional indebtedness of the stockholder or member to the bank, the amount previously paid is forfeited to the bank. The stock or interest must be sold, as the directors may order, within 30 days after the forfeiture and, if not sold, it must be cancelled and deducted from the capital of the bank.

3. The other members of a banking company have a joint and several right of first refusal to buy the interest of the delinquent member. If this right is not exercised, the buyer becomes a member.
Nev. Rev. Stat. § 657A.620 — NV Code / Title 55 / Chapter 657A / Section 657A.620
Powers of Director to take action relating to certain acts or omissions of participants
Status: in_force

1. If the Director has reasonable cause to believe that a participant has engaged in, is engaging in or threatens to engage in any act or omission that the Director determines is inconsistent with the health, safety or welfare of consumers or the public generally, the Director may: (a) Proceed to adopt a regulation to address the issue pursuant to NRS 657A.210 ; (b) Require the participant to comply with one or more provisions of this title, chapter 645A, 645B, 645F or 645G of NRS or any regulation adopted pursuant thereto; (c) Remove the participant from the Program or order the participant to exit the Program; or (d) Take any combination of those actions.

2. Any action taken by the Director pursuant to this section is final and not subject to judicial or administrative review.
Nev. Rev. Stat. § 675.365 — NV Code / Title 55 / Chapter 675 / Section 675.365
Fees and charges
Status: in_force

In addition to the interest allowed pursuant to NRS 675.363 , a licensee may, pursuant to the agreement for a loan for an indefinite term, receive from the borrower or add to the unpaid balance in that borrower's account:

1. Any fees imposed on the licensee pursuant to this chapter;

2. Any charge for insurance under NRS 675.300 ;

3. A charge not exceeding 25 cents for each transaction in which a loan or advance is made pursuant to the agreement or an annual fee for the use of an open-end account in an amount not to exceed $20;

4. If the interest calculated for any billing cycle pursuant to NRS 675.363 is less than 50 cents: (a) For a billing cycle which is monthly or longer, a charge in an amount not exceeding 50 cents; or (b) For a billing cycle less than monthly, a charge in an amount equal to that portion of 50 cents which bears the same relation to 50 cents as the number of days in the billing cycle bear to 365 divided by 12;

5. For any check written by the borrower to the licensee which is returned, or any electronic transfer of money that fails, because of insufficient funds, a charge of $10 or in an amount equal to the charges imposed on the licensee because of his or her reliance on that check or electronic transfer of money, whichever amount is greater; and

6. Any charge assessed the licensee by a third party for the printing and distribution of any checks, drafts or other instruments to be used by the borrower in obtaining advances pursuant to the agreement.
Nev. Rev. Stat. § 671.455 — NV Code / Title 55 / Chapter 671 / Section 671.455
Order to cease and desist violation: Issuance; hearing; petition to set aside, limit or suspend
Status: in_force

1. The Commissioner may issue an order requiring a licensee or authorized delegate to cease and desist from a violation of any provision of this chapter or any regulations adopted pursuant thereto or order issued by the Commissioner pursuant thereto if the Commissioner determines that the violation is likely to cause: (a) Immediate and irreparable harm to the licensee, the customers of the licensee or the public; or (b) Insolvency or significant dissipation of the assets of the licensee.

2. If the Commissioner issues an order against an authorized delegate pursuant to subsection 1, the Commissioner may also issue a separate order against a licensee to cease and desist from providing money transmission through the authorized delegate.

3. Except as otherwise provided in this subsection, an order issued pursuant to this section becomes effective upon service of the order and remains effective until it is set aside, in whole or in part, by the Commissioner or a reviewing court. The licensee or authorized delegate against whom a cease and desist order is issued may request a hearing on the cease and desist order pursuant to NRS 233B.121 to 233B.150 , inclusive.

4. A licensee or authorized delegate against whom a cease and desist order is issued pursuant to this section may file with the Commissioner a petition requesting that the cease and desist order be set aside, limited or suspended pending the completion of the proceedings conducted pursuant to subsection 3.
Nev. Rev. Stat. § 673.807 — NV Code / Title 55 / Chapter 673 / Section 673.807
Designated reporter: Designation; duty to report; immunity
Status: in_force

1. Each savings bank shall designate a person or persons to whom a director, officer or employee of the savings bank must report known or suspected exploitation of an older person or vulnerable person.

2. If a director, officer or employee reports known or suspected exploitation of an older person or vulnerable person to a designated reporter and, based on such a report or based on his or her own observations or knowledge, the designated reporter knows or has reasonable cause to believe that an older person or vulnerable person has been exploited, the designated reporter shall: (a) Except as otherwise provided in subsection 3, report the known or suspected exploitation of the older person or vulnerable person to: (1) The local office of the Aging and Disability Services Division of the Department of Health and Human Services; (2) A police department or sheriff's office; (3) The county's office for protective services, if one exists in the county where the suspected action occurred; or (4) A toll-free telephone service designated by the Aging and Disability Services Division of the Department of Health and Human Services; and (b) Make such a report as soon as reasonably practicable.

3. If the designated reporter knows or has reasonable cause to believe that the exploitation of the older person or vulnerable person involves an act or omission of the Aging and Disability Services Division, another division of the Department of Health and Human Services or a law enforcement agency, the designated reporter shall make the report to an agency other than the one alleged to have committed the act or omission.

4. In accordance with the provisions of subsection 3 of NRS 239A.070 , in making a report pursuant to this section, a designated reporter may: (a) Disclose any facts or information that form the basis of the determination that the designated reporter knows or has reasonable cause to believe that an older person or vulnerable person has been exploited, including, without limitation, the identity of any person believed to be involved in the exploitation of the older person or vulnerable person; and (b) Provide any financial records or other documentation relating to the exploitation of the older person or vulnerable person.

5. A director, officer, employee and the designated reporter are entitled to the immunity from liability set forth in NRS 200.5096 for making a report in good faith.
Nev. Rev. Stat. § 666A.290 — NV Code / Title 55 / Chapter 666A / Section 666A.290
Notification of merger or acquisition of control
Status: in_force

A foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall file with the Commissioner a notice, in such form and containing such information as the Commissioner may prescribe, no later than 14 calendar days after the foreign bank becomes aware of any acquisition of control of the foreign bank or merges with another foreign bank.
Nev. Rev. Stat. § 673.043 — NV Code / Title 55 / Chapter 673 / Section 673.043
Regulations; authority of Commissioner to waive, modify or alter any requirement of chapter
Status: in_force

1. The Commissioner may adopt such regulations as may be reasonable or necessary to carry out the purposes of this chapter.

2. The Commissioner may, by regulation, waive, modify or alter any requirement of this chapter.
Nev. Rev. Stat. § 666.375 — NV Code / Title 55 / Chapter 666 / Section 666.375
Conditions for authorizing or requiring certain transactions involving out-of-state depository institution or out-of-state holding company
Status: in_force

The Commissioner may not authorize or require any transaction pursuant to NRS 666.355 involving an out-of-state depository institution or an out-of-state holding company, unless the Commissioner finds that:

1. The acquiring or merging depository institution or holding company has demonstrated an acceptable record of meeting the needs for credit of the communities which it serves; and

2. The acquiring or merging depository institution or holding company has a record of sound performance, adequate stockholders' or members' equity, financial capacity and efficient management so the acquisition or merger will not jeopardize the financial stability of the acquired or merged depository institution and will not be detrimental to the interests of depositors, creditors or other customers of the depository institution, or to the public.
Nev. Rev. Stat. § 669A.030 — NV Code / Title 55 / Chapter 669A / Section 669A.030
“Affiliate” defined
Status: in_force

“ Affiliate ” means a family affiliate of any family member of the family trust company who is qualified to serve and any person controlling, controlled by or under common control with the family trust company.
Nev. Rev. Stat. § 666.008 — NV Code / Title 55 / Chapter 666 / Section 666.008
“Out-of-state” defined
Status: in_force

“Out-of-state” when used to modify the term “bank,” “depository institution” or “holding company” signifies that its home state is not Nevada.
Nev. Rev. Stat. § 672.380 — NV Code / Title 55 / Chapter 672 / Section 672.380
Board of directors: Powers
Status: reserved

The directors may:

1. Act upon applications for membership or appoint membership officers from the members of the credit union to act upon membership applications subject to conditions imposed by the board. If membership officers are appointed they shall submit at each board meeting a list of approved or pending applications for membership.

2. Invest surplus funds or designate an officer or committee to be responsible for making investments subject to rules and procedures established by the board of directors.

3. Authorize the employment of persons necessary to carry on the business of the credit union.

4. Authorize the conveyance of property.

5. Borrow or lend money to carry on the functions of the credit union.

6. Appoint any special committees which the board feels necessary to carry on the business of the credit union.

7. Perform or authorize any action not inconsistent with this chapter and not specifically reserved by the bylaws for the members.

8. Employ a general manager to be in charge of operations or, in lieu thereof, designate the treasurer to act as general manager and be in active charge of the affairs of the credit union.

9. Amend the bylaws of the credit union.
Nev. Rev. Stat. § 669.203 — NV Code / Title 55 / Chapter 669 / Section 669.203
“Foreign trust company” defined
Status: in_force

“ Foreign trust company ” means a trust company licensed under the laws of a state other than Nevada and subject to regulation, supervision and examination by a state banking regulator and at least one federal banking regulator.
Nev. Rev. Stat. § 673.034 — NV Code / Title 55 / Chapter 673 / Section 673.034
“Withdrawal value” defined
Status: in_force

“ Withdrawal value ” means the amount credited to a deposit account, less lawful deductions therefrom, as shown by the records of the savings bank.
Nev. Rev. Stat. § 658.096 — NV Code / Title 55 / Chapter 658 / Section 658.096
Fees charged by Commissioner; regulations
Status: in_force

1. The Commissioner shall charge and collect the following fees in connection with the Commissioner's official duties: (a) For licensing of state banks: (1) A fee of not more than $400 for each parent bank, payable on June 30 of each year. (2) A fee of not more than $200 for each branch bank or trust office, payable on June 30 of each year. The fees must accompany the application for renewal of the license. A penalty of 10 percent of the fee must be charged for each month or part of a month that the fees are not paid after June 30 of each year. (b) For applications for new branch banks or trust offices, a nonrefundable fee of not more than $400 for the application and survey, to be paid by the applicant at the time of making the application. The applicant must also pay such additional expenses incurred in the process of investigation as the Commissioner deems necessary. All money received by the Commissioner pursuant to this paragraph must be placed in the Investigative Account for Financial Institutions created by NRS 232.545 . (c) For examinations and the examination of trust departments of state banks or trust offices, a fee for conducting the examination and for preparing and typing the report of the examination at the rate established and, if applicable, adjusted pursuant to NRS 658.101 .

2. Except as otherwise provided in NRS 658.101 , the Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.

3. Except as otherwise provided in paragraph (b) of subsection 1, all money collected pursuant to this section must be deposited in the State Treasury pursuant to the provisions of NRS 658.091 .

4. As used in this section, “trust office” has the meaning ascribed to it in subsection 4 of NRS 662.239 .
Nev. Rev. Stat. § 669.020 — NV Code / Title 55 / Chapter 669 / Section 669.020
Definitions
Status: in_force

As used in this chapter and chapter 669A of NRS , unless the context otherwise requires, the words and terms defined in NRS 669.029 to 669.070 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 673.777 — NV Code / Title 55 / Chapter 673 / Section 673.777
“Designated reporter” defined
Status: in_force

“ Designated reporter ” means a person designated by a savings bank to receive reports of known or suspected exploitation of an older person or vulnerable person pursuant to NRS 673.807 .
Nev. Rev. Stat. § 657.130 — NV Code / Title 55 / Chapter 657 / Section 657.130
Committees to review compliance: Definitions; confidentiality and privilege
Status: in_force

1. As used in this section, unless the context otherwise requires: (a) “ Committee to review compliance ” means one or more persons assigned or engaged by a financial institution to test, review or evaluate its conduct, transactions or potential transactions, policies or procedures for the purpose of monitoring and improving or enforcing compliance with state and federal statutes and regulations requiring safe, sound and fair lending practices, including, without limitation, acts concerning equal credit opportunity, fair housing, fair lending, flood zone protection, housing and financial discrimination, truth in lending and financial reporting to federal or state regulatory agencies. (b) “ Financial institution ” means an institution licensed pursuant to the provisions of this title or chapter 645B of NRS , or a similar institution chartered or licensed pursuant to federal law. The term includes, without limitation, a holding company, affiliate or subsidiary of such an institution.

2. Except as otherwise voluntarily authorized by the financial institution: (a) A document prepared for or created by a committee to review compliance is confidential and privileged, and is not subject to discovery or admissible in evidence in a civil action of this State, even if it has been submitted to a governmental or regulatory agency of this State, the United States or a foreign government. (b) A member of a committee to review compliance or a person who acted under the direction of the committee cannot be required to testify in a civil action concerning the contents of a document described in paragraph (a) or concerning the discussions or conclusions of, or the actions taken by, the committee.
Nev. Rev. Stat. § 671.009 — NV Code / Title 55 / Chapter 671 / Section 671.009
“Key individual” defined
Status: in_force

“ Key individual ” means any natural person ultimately responsible for establishing or directing policies and procedures of a licensee, such as an executive officer, manager, director or trustee.
Nev. Rev. Stat. § 675.370 — NV Code / Title 55 / Chapter 675 / Section 675.370
License remains effective until expiration, surrender, revocation or suspension
Status: in_force

Each license shall remain in full force and effect until it expires or is surrendered, revoked or suspended as provided in this chapter.
Nev. Rev. Stat. § 672.460 — NV Code / Title 55 / Chapter 672 / Section 672.460
General powers; waiver or modification of law by Commissioner
Status: in_force

Every credit union organized under the provisions of this chapter:

1. Has all the powers granted by NRS 81.500 that are not inconsistent with the provisions of this chapter and in addition thereto, the powers enumerated in NRS 672.470 to 672.500 , inclusive; and

2. May exercise any authority and perform all acts that a federal credit union may exercise or perform, with the consent and written approval of the Commissioner. The Commissioner may, by regulation, waive or modify a requirement of Nevada law if the corresponding requirement for federal credit unions has been or is eliminated or modified.
Nev. Rev. Stat. § 672.286 — NV Code / Title 55 / Chapter 672 / Section 672.286
Use or change of business name; prohibitions
Status: in_force

1. A licensee must obtain the approval of the Commissioner before using or changing a business name.

2. A licensee shall not: (a) Use any business name which is identical or similar to a business name used by another licensee under this chapter or which may mislead or confuse the public. (b) Use any printed forms which may mislead or confuse the public.
Nev. Rev. Stat. § 657.160 — NV Code / Title 55 / Chapter 657 / Section 657.160
“Financial institution” defined
Status: in_force

“ Financial institution ” means a depository institution or any other institution regulated pursuant to chapters 657 to 671, inclusive, of NRS. The term includes, without limitation, a holding company, affiliate or subsidiary of such an institution.
Nev. Rev. Stat. § 671.445 — NV Code / Title 55 / Chapter 671 / Section 671.445
Suspension or revocation of designation of authorized delegate: Grounds; considerations in determining whether practice is unsafe or unsound; relief
Status: in_force

1. The Commissioner may issue an order suspending or revoking the designation of an authorized delegate if the Commissioner finds that: (a) The authorized delegate committed a violation of any provision of this chapter or any regulation adopted or order issued by the Commissioner pursuant to this chapter; (b) The authorized delegate did not cooperate with an examination or investigation by the Commissioner; (c) The authorized delegate has engaged in fraud, intentional misrepresentation or gross negligence; (d) The authorized delegate has been convicted of a violation of a state or federal anti-money laundering statute; (e) The competence, experience, character or general fitness of the authorized delegate or a person in control of the authorized delegate indicates that it is not in the public interest to permit the authorized delegate to provide money transmission; or (f) The authorized delegate has engaged in an unsafe or unsound practice.

2. In determining whether an authorized delegate has engaged in an unsafe or unsound practice pursuant to paragraph (f) of subsection 1, the Commissioner may consider the size and condition of the provision of money transmission by the authorized delegate, the magnitude of the loss, the gravity of the violation of any provision of this chapter or any regulation adopted or order issued by the Commissioner pursuant to this chapter and the previous conduct of the authorized delegate.

3. An authorized delegate may apply for relief from a suspension or revocation of designation as an authorized delegate according to procedures prescribed by the Commissioner.
Nev. Rev. Stat. § 675.410 — NV Code / Title 55 / Chapter 675 / Section 675.410
Temporary suspension of license: Conditions; notice; hearing; term of suspension
Status: in_force

If the Commissioner finds that probable cause for revocation of any license exists and that enforcement of this chapter requires immediate suspension of a license pending investigation, he or she may, upon 5 days' written notice and a hearing, enter an order suspending a license for a period not exceeding 20 days, pending a hearing upon the revocation.
Nev. Rev. Stat. § 669A.020 — NV Code / Title 55 / Chapter 669A / Section 669A.020
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 669A.030 to 669A.090 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 676A.390 — NV Code / Title 55 / Chapter 676A / Section 676A.390
Surety bond required
Status: in_force

1. Except as otherwise provided in NRS 676A.400 , a provider that is required to be registered under this chapter shall file a surety bond with the Commissioner, which must: (a) Be continuously in effect during the period of registration and for 2 years after the provider ceases providing debt-management services to individuals in this State; and (b) Run to this State for the benefit of this State and of individuals who reside in this State when they agree to receive debt-management services from the provider, as their interests may appear.

2. Subject to adjustment of the dollar amount pursuant to subsection 6 of NRS 676A.730 , a surety bond filed pursuant to subsection 1 must: (a) Be in the amount of $50,000 or other larger amount that the Commissioner determines is warranted by the financial condition and business experience of the provider, the history of the provider in performing debt-management services, the risk to individuals and any other factor the Commissioner considers appropriate; (b) Be issued by a bonding, surety or insurance company authorized to do business in this State and rated at least A by a nationally recognized rating organization; and (c) Have payment conditioned upon noncompliance of the provider or its agent with this chapter.

3. If the principal amount of a surety bond is reduced by payment of a claim or a judgment, the provider shall immediately notify the Commissioner and, within 30 days after notice by the Commissioner, file a new or additional surety bond in an amount set by the Commissioner. The amount of the new or additional bond must be at least the amount of the bond immediately before payment of the claim or judgment. If for any reason a surety terminates a bond, the provider shall immediately file a new surety bond in the amount of $50,000 or other larger amount determined pursuant to subsection 2.

4. The Commissioner or an individual may obtain satisfaction out of the surety bond procured pursuant to this section if: (a) The Commissioner assesses expenses under paragraph (a) of subsection 2 of NRS 676A.730 , issues a final order under paragraph (b) of subsection 1 of NRS 676A.740 or recovers a final judgment under paragraph (d) or (e) of subsection 1 of NRS 676A.740 or subsection 4 of NRS 676A.740 ; or (b) An individual recovers a final judgment pursuant to subsection 1 or 2 of NRS 676A.760 or paragraph (a), (b) or (d) of subsection 3 of NRS 676A.760 .

5. If claims against a surety bond exceed or are reasonably expected to exceed the amount of the bond, the Commissioner, on the initiative of the Commissioner or on petition of the surety, shall, unless the proceeds are adequate to pay all costs, judgments and claims, distribute the proceeds in the following order: (a) To satisfaction of a final order or judgment under paragraph (b), (d) or (e) of subsection 1 of NRS 676A.740 or subsection 4 of NRS 676A.740 ; (b) To final judgments recovered by individuals pursuant to subsection 1 or 2 of NRS 676A.760 or paragraph (a), (b) or (d) of subsection 3 of NRS 676A.760 , pro rata; (c) To claims of individuals established to the satisfaction of the Commissioner, pro rata; and (d) If a final order or judgment is issued under subsection 1 of NRS 676A.740 , to the expenses charged pursuant to paragraph (a) of subsection 2 of NRS 676A.730 .
Nev. Rev. Stat. § 676A.040 — NV Code / Title 55 / Chapter 676A / Section 676A.040
“Agreement” defined
Status: in_force

“ Agreement ” means an agreement between a provider and an individual for the performance of debt-management services.
Nev. Rev. Stat. § 660.085 — NV Code / Title 55 / Chapter 660 / Section 660.085
Discontinuance of office for mechanical teller
Status: in_force

1. If a financial institution wishes to discontinue the operation of an office for mechanical tellers, it must notify the Commissioner in writing not less than 30 days before the proposed date for discontinuance. The notice must state the reasons for the closing of the office and indicate that the needs and convenience of the community in which the office is located would still be adequately met.

2. If the Commissioner determines that the discontinuance would significantly limit financial services which would be available to the residents of the community in which the office is located, the Commissioner shall so notify the institution. The institution must then cause notice of its intention to discontinue the operation of the office to be published in a newspaper serving that community once a week for 4 consecutive weeks. The operation of the office may not be discontinued until approved by the Commissioner, who shall first hold a public hearing thereon if requested by any interested person.

3. Any action taken by the Commissioner pursuant to subsection 2 is subject to review in the same manner as provided in NRS 659.055 .
Nev. Rev. Stat. § 672.150 — NV Code / Title 55 / Chapter 672 / Section 672.150
“Merger” defined
Status: in_force

“Merger” means that consolidation of corporate structures which results in the uniting of substantially all the assets and liabilities of one state-chartered corporation with those of another such corporation or with those of a federal corporation.
Nev. Rev. Stat. § 660.115 — NV Code / Title 55 / Chapter 660 / Section 660.115
Definitions
Status: in_force

As used in NRS 660.115 to 660.235 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 660.125 to 660.185 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 673.070 — NV Code / Title 55 / Chapter 673 / Section 673.070
Incorporation of domestic savings banks: Procedure; applicability of chapter 78 of NRS; limitations on advertising for savings banks
Status: in_force

1. Savings banks, except state banks and trust companies organized pursuant to chapters 657 to 671, inclusive, of NRS, licensed brokers, small loan companies, thrift companies and credit unions, whose principal and primary business is to borrow, loan and invest money, shall be incorporated under the provisions of this chapter. For that purpose all of the provisions of chapter 78 of NRS (Private Corporations) which are not in conflict with this chapter are hereby adopted as parts of this chapter, and all the rights, privileges and powers and all the duties and obligations of such domestic corporations and of the officers and stockholders thereof shall be as provided in chapter 78 of NRS except as otherwise provided in this chapter.

2. A person, firm, partnership, association or corporation except a savings bank incorporated under this chapter, an affiliate of a savings bank or an entity otherwise lawfully conducting business in this State pursuant to this chapter, shall not conduct or carry on the business of soliciting or advertising the products or services of a savings bank. This subsection does not apply to banks, trust companies, licensed brokers, thrift companies, credit unions and licensees under chapter 675 of NRS .
Nev. Rev. Stat. § 673.049 — NV Code / Title 55 / Chapter 673 / Section 673.049
Authority of Commissioner to issue subpoenas and require attendance of parties
Status: in_force

The Commissioner may issue subpoenas and require the attendance of parties for examination.
Nev. Rev. Stat. § 665.045 — NV Code / Title 55 / Chapter 665 / Section 665.045
Service and availability of copies of report; correction of conditions
Status: in_force

Upon the preparation of the report as provided in NRS 665.035 , the Commissioner shall forthwith serve a copy thereof on the president or secretary of the board of directors of the banking corporation or a manager of the banking company, and may make copies available to each member of the board of directors or each manager. If, in the judgment of the Commissioner, the report discloses any violation of the provisions of chapters 657 to 671, inclusive, of NRS on the part of the bank, or if it appears from the report that there are certain conditions existing which should be corrected by the bank, the Commissioner may, in writing, call the matter to the attention of each member of the board of directors, or each manager, with instructions to correct the condition.
Nev. Rev. Stat. § 673.700 — NV Code / Title 55 / Chapter 673 / Section 673.700
Inclusion of statement of conversion in articles permissible
Status: in_force

The directors may, if they so desire, insert in the articles of incorporation the following statement: “This savings bank (company or corporation) is incorporated by conversion from a federal savings bank, national bank or state bank, as applicable.”
Nev. Rev. Stat. § 675.045 — NV Code / Title 55 / Chapter 675 / Section 675.045
Certain relationships between employees of Division of Financial Institutions and licensees prohibited; termination of prohibited relationship
Status: in_force

1. Except as provided in subsection 3, an officer or employee of the Division of Financial Institutions shall not: (a) Be directly or indirectly interested in or act on behalf of any licensee; (b) Receive, directly or indirectly, any payment from any licensee; (c) Be indebted to any licensee; (d) Engage in the negotiation of loans for others with any licensee; or (e) Obtain credit or services from a licensee conditioned upon a fraudulent practice or undue or unfair preference over other customers.

2. An employee of the Division of Financial Institutions in the unclassified service of the State shall not obtain new extensions of credit from a licensee while in office.

3. Any officer or employee of the Division of Financial Institutions may be indebted to a licensee on the same terms as are available to the public generally upon a secured installment debt or an unsecured debt.

4. If an officer or employee of the Division of Financial Institutions has a service, a preferred consideration, an interest or a relationship prohibited by this section at the time of his or her appointment or employment, or obtains it during his or her employment, he or she shall terminate it within 120 days after the date of his or her appointment or employment or the discovery of the prohibited act.
Nev. Rev. Stat. § 675.162 — NV Code / Title 55 / Chapter 675 / Section 675.162
Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding licensing
Status: in_force

1. The Commissioner may, in furtherance of his or her duties with respect to the issuance and renewal of licenses, participate in the Nationwide Multistate Licensing System and Registry. The Commissioner may take any action with respect to participation in the Registry that the Commissioner deems necessary to carry out his or her duties, including, without limitation: (a) Facilitating and participating in the establishment and implementation of the Registry; (b) Establishing relationships or contracts with the Registry or other entities designated by the Registry; (c) Authorizing the Registry to collect and maintain records of applicants for and holders of licenses; (d) Authorizing the Registry to, on behalf of the Commissioner, collect and process any fees associated with licensure, examinations, fines, assessments and any other similar fees; (e) Requiring an applicant for a license or a licensee to use the Registry to: (1) Apply for the issuance or renewal of a license; (2) Amend or surrender a license; (3) Submit any reports or the results of any examination that the Commissioner may require; (4) Pay any applicable fees; and (5) Engage in any other activity that the Commissioner may require; and (f) Authorizing the Registry to, on behalf of the Commissioner, collect fingerprints in order to receive or conduct a background check on the criminal history of an applicant for a license or a licensee.

2. An applicant for a license or a licensee shall, in addition to any other fees associated with the license, pay all applicable charges to use the Registry, including, without limitation, any processing charges established by the administrator of the Registry.

3. The Commissioner may adopt any regulations the Commissioner determines to be necessary or appropriate to carry out the provisions of this section. Such regulations may, without limitation, establish additional procedures and requirements for participation in the Registry.

4. The provisions of this section shall not be construed to replace or affect the authority of the Commissioner to grant, deny, suspend, terminate, revoke or refuse to renew a license.
Nev. Rev. Stat. § 673.3272 — NV Code / Title 55 / Chapter 673 / Section 673.3272
Payment of charges by savings bank for protection of its investments; required advance monthly payments
Status: in_force

1. A savings bank may pay: (a) Current or past-due taxes, assessments or other applicable fees levied upon secured property; (b) Insurance premiums; (c) Life insurance premiums on policies that a savings bank may require to be assigned as additional collateral; or (d) Any similar or other charges required for the protection or preservation of its investments or as necessary to discharge any lien. Such payments shall be added to the unpaid loan balance and shall have the same secured status under the deed of trust provisions as the loan itself. No savings bank may require, as a condition of loan approval or in the extension of any other service, that any kind of insurance coverage be purchased from or through the savings bank or from any agency in which a director or officer of the corporation has any interest.

2. A savings bank may require advance monthly payments on: (a) Principal. (b) Interest. (c) Taxes. (d) Assessments. (e) Insurance premiums. (f) Other statutory charges accruing upon the secured property. The amount of each such payment and the period over which payment will be made may be agreed upon by the parties. In the absence of such an agreement, each such payment may be equivalent to one-twelfth of the estimated annual amount due. Monthly charges may be adjusted to provide a reasonable method for the payment of estimated taxes, assessments, insurance premiums and other charges. Upon receipt thereof such payments may be carried in a separate trust account or they may be applied to the loan account as a credit upon receipt and debit when disbursed.
Nev. Rev. Stat. § 672.570 — NV Code / Title 55 / Chapter 672 / Section 672.570
Multiple-party accounts: Authorization; disbursement of money; limitations
Status: in_force

1. A credit union may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on demand, to any one or more of the parties unless the terms of the account expressly stipulate that joint signatures are required.

2. A credit union is not required to inquire as to the source of funds received for deposit to a multiple-party account or to inquire as to the proposed application of any sum withdrawn from an account.

3. A multiple-party account may be created with any person designated by the credit union member, but a joint tenant shall not be permitted to vote, obtain loans or hold office unless he or she is a qualified member.
Nev. Rev. Stat. § 670B.710 — NV Code / Title 55 / Chapter 670B / Section 670B.710
Civil action against student loan servicer or private education lender for violation of chapter; relief; treble damages
Status: in_force

1. A person who suffers damage as a result of the failure of a student loan servicer or private education lender to comply with the provisions of this chapter may bring an action on his or her own behalf and on behalf of a similarly situated class of persons against that student loan servicer or private education lender to recover or obtain: (a) Actual damages, but in no case may the total award be less than $500 per plaintiff, per violation; (b) An order enjoining the methods, acts or practices; (c) Restitution of property; (d) Punitive damages; (e) Attorney's fees; and (f) Any other relief that the court deems proper.

2. In addition to any other remedies provided by this section or otherwise provided by law, whenever it is proven by a preponderance of the evidence that a student loan servicer or private education lender has engaged in conduct that substantially interferes with a student loan borrower's right to a flexible payment arrangement, right to the forgiveness, cancellation or discharge of a loan or right to any other financial benefit, as established under the terms of a student loan borrower's promissory note or under the Higher Education Act of 1965, 20 U.S.C. §§ 1071 et seq., and the regulations promulgated thereunder, the court shall award treble actual damages to the plaintiff, but in no case may the total award of damages be less than $1,500 per plaintiff, per violation.
Nev. Rev. Stat. § 657A.530 — NV Code / Title 55 / Chapter 657A / Section 657A.530
Report by Director to Legislature
Status: in_force

1. On or before March 1 of each year, the Director of the Department of Business and Industry shall prepare and submit to the Director of the Legislative Counsel Bureau, for transmittal to the Legislature, a report on the operation and status of the Program.

2. The report must include, for the immediately preceding calendar year: (a) The number of applications submitted to participate in the Program, and the number of applications that were approved or denied; (b) With respect to the applications that were denied, a description of the reasons for denial; and (c) With respect to the applications that were approved: (1) A description of each financial product or service provided by each participant in the Program; (2) A statement of the number of participants providing each product or service; and (3) An estimate of the number of consumers using each product or service.

3. The report may include any recommendations for legislation relating to the Program and any other information that the Director of the Department of Business and Industry deems relevant.
Nev. Rev. Stat. § 669A.090 — NV Code / Title 55 / Chapter 669A / Section 669A.090
“Licensed family trust company” defined
Status: in_force

“ Licensed family trust company ” means a trust company licensed pursuant to this chapter.
Nev. Rev. Stat. § 676A.600 — NV Code / Title 55 / Chapter 676A / Section 676A.600
Required disclosures by provider
Status: in_force

1. If the agreements of a provider contemplate that the provider will develop and implement a debt-management plan and the provider advertises debt-management services, it shall disclose, in an easily comprehensible manner, that using a debt-management plan may make it harder for the individual to obtain credit.

2. If the agreements of a provider contemplate that the provider will provide debt settlement services and the provider advertises debt settlement services, it shall disclose, in an easily comprehensible manner, the information specified in paragraphs (c) and (d) of subsection 4 of NRS 676A.520 .
Nev. Rev. Stat. § 658.145 — NV Code / Title 55 / Chapter 658 / Section 658.145
Power of Commissioner to offer rewards
Status: in_force

1. The Commissioner may offer, under such conditions as the Commissioner may deem proper, rewards not to exceed the sum of $500 in any one case for the arrest and conviction of any officer, director, agent or employee of any bank charged with violating any of the laws of this State relating to banks and banking for which a criminal penalty is provided, or for the arrest and conviction of any person charged with stealing, with or without force, any money, property or thing of value of any bank.

2. The Commissioner shall pay out of the money deposited to the State Treasury pursuant to the provisions of NRS 658.091 all such rewards.
Nev. Rev. Stat. § 677.640 — NV Code / Title 55 / Chapter 677 / Section 677.640
Conduct of business in place where other business being conducted; name under which business may be transacted; loans by mail
Status: in_force

A licensee shall not make loans or accept deposits under this chapter:

1. Within any office, suite, room or place of business in which any other business is solicited or engaged in, except an insurance agency or notary public, or in association or conjunction with any other business unless authority to do so is given by the Commissioner.

2. Under any name or at any place other than that stated in the license.

This section does not prevent the making of loans by mail or prohibit accommodations to individual borrowers when necessitated by hours of employment, sickness or other emergency situations.
Nev. Rev. Stat. § 676A.560 — NV Code / Title 55 / Chapter 676A / Section 676A.560
Disclosures and documents to be in English; provider also must furnish translation if language other than English is used in communications
Status: in_force

Unless the Commissioner, by regulation, provides otherwise, the disclosures and documents required by this chapter must be in English. If a provider communicates with an individual primarily in a language other than English, the provider must furnish a translation into the other language of the disclosures and documents required by this chapter.
Nev. Rev. Stat. § 671.0075 — NV Code / Title 55 / Chapter 671 / Section 671.0075
“Eligible rating” defined
Status: in_force

1. “ Eligible rating ” means a credit rating that is within any of the three highest rating categories of at least one eligible rating service. Each rating category may include category modifiers such as “plus” or “minus” for Standard and Poor's Rating Services or the equivalent for any other eligible rating service.

2. The term includes: (a) A long-term credit rating of “A-” or higher by Standard and Poor's Rating Services or the equivalent from any other eligible rating service. (b) A short-term credit rating of “A-2” or “SP-2” or higher by Standard and Poor's Rating Services or the equivalent from any other eligible rating service.