Nev. Rev. Stat. § 673.453 — NV Code / Title 55 / Chapter 673 / Section 673.453
Enforcement of subpoena by district court
Status: in_force

1. In case of the refusal of any person to attend or testify or produce any papers required by the subpoena directed to be served under the provision of NRS 673.450 , the Commissioner may report to the district court in and for the county in which the examination, hearing or investigation is pending by petition, setting forth that: (a) Due notice has been given of the time and place of attendance of the person or the production of the books and papers; (b) The person has been subpoenaed in the manner prescribed in this chapter; and (c) The person has failed and refused to attend or produce the papers required by subpoena before the Commissioner in the examination, hearing or investigation named in the subpoena, or has refused to answer questions propounded to him or her in the course of such examination, hearing or investigation, and asking an order of the court compelling the person to attend and testify or produce the books or papers before the Commissioner.

2. The court, upon petition of the Commissioner, shall enter an order directing the person to appear before the court at a time and place to be fixed by the court in such order, the time to be not more than 10 days from the date of the order, and then and there show cause why he or she has not attended or testified or produced the books or papers before the Commissioner. A certified copy of the order must be served upon the person. If it appears to the court that the subpoena was regularly issued by the Commissioner, the court shall thereupon enter an order that the person appear before the Commissioner at the time and place fixed in the order and testify or produce the required books or papers; and upon failure to obey the order the person shall be dealt with as for contempt of court.
Nev. Rev. Stat. § 669A.240 — NV Code / Title 55 / Chapter 669A / Section 669A.240
Discontinuing business
Status: in_force

Whenever a licensed family trust company desires to discontinue its business as a family trust company, it shall furnish to the Commissioner satisfactory evidence of its release and discharge from all the obligations and trusts which it has assumed or which have been imposed by law. Thereafter, the Commissioner shall enter an order cancelling the license of the family trust company.
Nev. Rev. Stat. § 658.021 — NV Code / Title 55 / Chapter 658 / Section 658.021
Commissioner: Qualifications; restrictions on other employment
Status: in_force

The Commissioner:

1. Must be a person who has had practical experience in banking, savings and loan associations, savings banks or other financial institutions.

2. Except as otherwise provided in NRS 284.143 , shall devote his or her entire time and attention to the business of his or her office and shall not pursue any other business or occupation or hold any other office of profit.
Nev. Rev. Stat. § 676A.380 — NV Code / Title 55 / Chapter 676A / Section 676A.380
Alternative application for registration for applicants licensed or certified in another state; conditions
Status: in_force

If a provider holds a license or certificate of registration in another state authorizing it to provide debt-management services, the provider may submit a copy of that license or certificate and the application for it instead of an application in the form prescribed by subsection 1 of NRS 676A.310 , NRS 676A.320 or subsection 2 of NRS 676A.370 . The Commissioner shall accept the application and the license or certificate from the other state as an application for registration as a provider or for renewal of registration as a provider, as appropriate, in this State if:

1. The application in the other state contains information substantially similar to or more comprehensive than that required in an application submitted in this State;

2. The applicant provides the information required by subsections 1, 3, 10, 12 and 13 of NRS 676A.320 ; and

3. The applicant, under oath, certifies that the information contained in the application is current or, to the extent it is not current, supplements the application to make the information current.
Nev. Rev. Stat. § 666.155 — NV Code / Title 55 / Chapter 666 / Section 666.155
Failure to remove person pursuant to order conclusive evidence of negligence
Status: in_force

If the board of directors of a bank holding company neglects or refuses to remove a person pursuant to an order of the Commissioner and the company subsequently incurs losses because of that person's activities, the written order of the Commissioner is conclusive evidence, in any action against the directors or a director for recovery of those losses, of the negligence of the directors in failing to act upon the order.
Nev. Rev. Stat. § 672.030 — NV Code / Title 55 / Chapter 672 / Section 672.030
“Beneficiary” defined
Status: in_force

“Beneficiary” means any person to whom the deposits of an account are to be paid upon the occurrence of a specified condition.
Nev. Rev. Stat. § 677.140 — NV Code / Title 55 / Chapter 677 / Section 677.140
“Unpaid principal balance” defined
Status: in_force

“Unpaid principal balance” means the net amount of money, credit, goods or things in action received by the borrower at the time of entering into the transaction and the decreasing balances thereof after application of each payment made on the obligation.
Nev. Rev. Stat. § 671.0045 — NV Code / Title 55 / Chapter 671 / Section 671.0045
“Authorized delegate” defined
Status: in_force

“ Authorized delegate ” means a person designated by a licensee to engage in money transmission on behalf of the licensee.
Nev. Rev. Stat. § 659.115 — NV Code / Title 55 / Chapter 659 / Section 659.115
Unlawful transaction of banking business without license; penalty
Status: in_force

1. No person, except a bank maintaining an office in this State and doing business under the laws of the United States, may solicit or accept deposits in this State or otherwise engage in the banking business in this State without first obtaining from the Commissioner, as provided in this section, a license authorizing it, as a banking corporation or company, to use the name and transact the business of a bank. The transacting of any banking business without such authority is a gross misdemeanor.

2. For the purposes of this section “solicits deposits” has the meaning ascribed to it in NRS 80.016 .
Nev. Rev. Stat. § 673.225 — NV Code / Title 55 / Chapter 673 / Section 673.225
Certain savings banks possess same powers and privileges as federal savings banks and foreign savings banks; federal law prevails in event of conflict with state law
Status: in_force

1. Notwithstanding any other provision of this chapter, every savings bank licensed under the provisions of this chapter whose accounts are insured by the Federal Deposit Insurance Corporation or its successor, has the same rights, powers, privileges, immunities and exceptions which are possessed by any federal savings bank, including all such fiduciary powers that a federal savings bank is authorized to exercise, except as may be expressly denied or limited by the Commissioner after notice and a hearing.

2. Whenever additional rights, powers, privileges or exceptions are granted to any federal savings bank, including under principles of federal preemption, every savings bank licensed under the provisions of this chapter whose accounts are federally insured has those additional rights, powers, privileges or exceptions, except as may be expressly denied or limited by the Commissioner after notice and a hearing.

3. If federal law conflicts with any of the provisions of this chapter, except as otherwise provided by the Commissioner, the provisions of federal law shall prevail as to such conflict, and satisfaction of any obligations imposed under federal law by the savings bank shall be deemed to also satisfy the obligations of the savings bank under state law.

4. In addition to all powers otherwise granted by this chapter, every savings bank licensed under the provisions of this chapter has the powers, privileges and authorities granted by regulations promulgated under the Federal Deposit Insurance Act for foreign savings banks, except as may be expressly denied or limited by the Commissioner after notice and hearing.

5. A savings bank shall have any power reasonably incident, convenient or useful to the accomplishment of the powers conferred upon the savings bank by this chapter.
Nev. Rev. Stat. § 676A.150 — NV Code / Title 55 / Chapter 676A / Section 676A.150
“Debt settlement services” defined
Status: in_force

“ Debt settlement services ” means debt-management services which contemplate that:

1. Regular, periodic payments will be made by or on behalf of the individual to whom the services are being provided;

2. The individual will accumulate such payments in a bank account which is insured by the Federal Deposit Insurance Corporation, owned by the individual and not controlled by the provider; and

3. The individual will use the accumulated amount of the payments made pursuant to subsection 1 to make payments to: (a) The provider for any fees charged by the provider pursuant to NRS 676A.580 ; and (b) Creditors in order to settle the debts of the individual for less than the principal amount of the debt.
Nev. Rev. Stat. § 657.180 — NV Code / Title 55 / Chapter 657 / Section 657.180
License to operate or manage: Additional requirements; fingerprints; grounds for refusal to issue license
Status: in_force

1. In addition to any other requirements set forth by specific statute, each person who applies for a license to operate a financial institution and each person who will serve as a director, officer, manager or member acting in a managerial capacity for such a financial institution must submit: (a) Proof satisfactory to the Commissioner that the person: (1) Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business of the financial institution in a manner which protects the interests of the general public. (2) Has not made a false statement of material fact on the application. (3) Has not committed any of the acts specified in subsection 2. (4) Has not had a license to operate a financial institution suspended or revoked within the 10 years immediately preceding the date of the application. (5) Has not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude. (b) A complete set of his or her fingerprints and written permission authorizing the Division of Financial Institutions to forward the fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report.

2. In addition to any other lawful reasons, the Commissioner may refuse to issue a license to operate a financial institution if the person who applies for the license or any person who will serve as a director, officer, manager or member acting in a managerial capacity for the financial institution: (a) Has committed or participated in any act which, if committed or done by a holder of a license, would be grounds for the suspension or revocation of the license. (b) Has previously been refused a license to operate a financial institution or has had such a license suspended or revoked. (c) Has participated in any act which was a basis for the refusal or revocation of a license to operate a financial institution. (d) Has falsified any of the information submitted to the Commissioner in support of the application for the license.
Nev. Rev. Stat. § 657.260 — NV Code / Title 55 / Chapter 657 / Section 657.260
“Reasonable cause to believe” defined
Status: in_force

“ Reasonable cause to believe ” has the meaning ascribed to it in NRS 200.50925 .
Nev. Rev. Stat. § 673.113 — NV Code / Title 55 / Chapter 673 / Section 673.113
Surety bond of savings bank
Status: in_force

1. Every savings bank shall maintain bond coverage in such amounts and form which is acceptable to the Commissioner and the Federal Deposit Insurance Corporation. The bond coverage may allow for a deductible amount or provision adopted under federal regulations applicable to federal savings banks.

2. When requested by the Commissioner, the savings bank shall provide a duplicate copy of the invoice showing that the bond premium has been paid or satisfied.

3. The face amount of the surety bond must comply with the requirements of the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 677.160 — NV Code / Title 55 / Chapter 677 / Section 677.160
Application for authority to engage in business: Form; contents; filing fee; regulations; withdrawal of application
Status: in_force

1. The request for authority to engage in business pursuant to this chapter must be set forth in an application in such form and containing such information as the Commissioner requires.

2. The filing fees are: (a) For filing an original application, not more than $2,000 for the principal office and not more than $300 for each branch office. The applicant shall 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 created by NRS 232.545 . (b) If the license is approved for issuance, not more than $1,000 for the principal office and not more than $200 for each branch office before issuance.

3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.

4. 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 the applicant otherwise withdraws the 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. § 669A.097 — NV Code / Title 55 / Chapter 669A / Section 669A.097
Applicability of other provisions of NRS
Status: in_force

1. Except as otherwise specified in the trust or in this chapter, a family trust company or licensed family trust company shall comply with the provisions of NRS 165.147 .

2. Any fiduciary duties required pursuant to title 12 or 13 of NRS after October 1, 2015, apply only to a trust or estate administered by a family trust company or licensed family trust company in this State which was created, commenced or became irrevocable after the enactment of such duties. Such duties shall only apply to the extent that they are not inconsistent or contrary with any provision of this chapter or any terms of the trust.
Nev. Rev. Stat. § 677.530 — NV Code / Title 55 / Chapter 677 / Section 677.530
Order to desist or refrain; action to enjoin violations; appointment and powers of receiver
Status: in_force

1. Whenever the Commissioner has reasonable cause to believe that any person is violating or is threatening to or intends to violate any provision of this chapter, he or she may, in addition to all actions provided for in this chapter and without prejudice thereto, enter an order requiring the person to desist or to refrain from such violation.

2. An action may be brought on the relation of the Attorney General and the Commissioner to enjoin a person from engaging in or continuing a violation or from doing any act or acts in furtherance thereof. In any such action, an order or judgment may be entered awarding such preliminary or final injunction as may be deemed proper.

3. In addition to all other means provided by law for the enforcement of a restraining order or injunction, the court in which an action is brought may impound, and appoint a receiver for, the property and business of the defendant, including books, papers, documents and records pertaining thereto, or so much thereof as the court deems reasonably necessary to prevent violations of this chapter through or by means of the use of the property and business. Such receiver, when appointed and qualified, has such powers and duties as to custody, collection, administration, winding up and liquidation of such property and business as are from time to time conferred upon the receiver by the court.
Nev. Rev. Stat. § 666A.360 — NV Code / Title 55 / Chapter 666A / Section 666A.360
State branch or agency: Immediate suspension or revocation of license
Status: in_force

1. If the Commissioner finds that any of the factors set forth in NRS 666A.350 are true with respect to any foreign bank which is licensed to maintain a state branch or agency and that it is necessary for the protection of the interests of creditors of the foreign bank's business in this state or, in any case, for the protection of the public interest that the Commissioner immediately suspend or revoke the license of the foreign bank, the Commissioner may issue an order suspending or revoking the license of the foreign bank.

2. Within 30 days after an order is issued pursuant to subsection 1, the foreign bank to which the order is issued may file with the Commissioner a request for a hearing on the order. If the Commissioner fails to commence the hearing within 15 business days after the request is filed with the Commissioner, or within such longer period as the foreign bank consents to, the order shall be deemed rescinded. Within 30 days after the hearing, the Commissioner shall affirm, modify or rescind the order. Otherwise, the order shall be deemed rescinded.

3. The right of any foreign bank to which an order is issued pursuant to subsection 1 to petition for judicial review of the order is not affected by the failure of the foreign bank to petition the commissioner for a hearing on the order pursuant to subsection 2.
Nev. Rev. Stat. § 669.2846 — NV Code / Title 55 / Chapter 669 / Section 669.2846
Authority of Commissioner to issue cease and desist order; action to enjoin by Attorney General or Commissioner; appointment of receiver
Status: in_force

1. Whenever the Commissioner has reasonable cause to believe that any person is violating or is threatening to or intends to violate any provision of this chapter, the Commissioner may, in addition to all actions provided for in this chapter and without prejudice thereto, enter an order requiring the person to desist or to refrain from such violation.

2. The Attorney General or the Commissioner may bring an action to enjoin a person from engaging in or continuing a violation or from doing any act or acts in furtherance thereof. In any such action, an order or judgment may be entered awarding a preliminary or final injunction as may be deemed proper.

3. In addition to all other means provided by law for the enforcement of a restraining order or injunction, the court in which an action is brought may impound, and appoint a receiver for, the property and business of the defendant, including books, papers, documents and records pertaining thereto, or so much thereof as a court may deem reasonably necessary to prevent violations of this chapter through or by means of the use of property and business, whether such books, papers, documents and records are in the possession of the defendant, a registered agent acting on behalf of the defendant or any other person. A receiver, when appointed and qualified, has such powers and duties as to custody, collection, administration, winding up and liquidation of such property and business as may from time to time be conferred upon the receiver by the court.

4. If a receiver is appointed pursuant to subsection 3, such receiver shall remit to the owners, members or shareholders of the retail trust company any amount of equity and capital of the retail trust company remaining after discharge of the liabilities and payment of the normal, prudent and reasonable expenses of the receivership.
Nev. Rev. Stat. § 671.080 — NV Code / Title 55 / Chapter 671 / Section 671.080
License not transferable or assignable; business must be conducted at location specified in application or operated by authorized delegate; changes in location, name or operation of business
Status: in_force

1. A license issued under this chapter is not transferable or assignable.

2. The license entitles the holder to engage in business only at the location or locations specified in the application or at a location or locations operated by an authorized delegate of the licensee.

3. A change must not be made in: (a) The location of any place of business covered by the license; (b) The name of the licensed business; or (c) The licensee's operation or services if the nature of the change affects the qualification for the license, without prior notice to and approval of the Commissioner.
Nev. Rev. Stat. § 666A.030 — NV Code / Title 55 / Chapter 666A / Section 666A.030
“Branch” defined
Status: in_force

“Branch” of a foreign bank means an office or other place of business located in this state at which deposits are received.
Nev. Rev. Stat. § 670B.500 — NV Code / Title 55 / Chapter 670B / Section 670B.500
Required disclosures for private education loan used to refinance existing private education loan; flexible repayment options offered must be made available to all private education loan borrowers; provision of notice and information and establishment of policies and procedures concerning repayment and flexible repayment options
Status: in_force

1. A private education lender shall, before offering a person a private education loan that is being used to refinance an existing private education loan, provide to the person a disclosure that informs the person that benefits and protections applicable to the existing private education loan may be lost due to the refinancing. The information must be provided on a one-page information sheet in at least 12-point font and must be written in simple, clear, understandable and easily readable language.

2. If a private education lender offers any private education loan borrower flexible repayment options in connection with a private education loan, those flexible repayment options must be made available to all private education loan borrowers of loans by the private education lender. A private education lender shall: (a) Provide on its Internet website a description of any flexible repayment options offered by the private education lender for private education loans; (b) Establish and consistently implement policies and procedures that facilitate the evaluation of private education loan flexible repayment option requests, including, without limitation, policies and procedures that provide accurate information regarding any private education loan flexible repayment option that: (1) May be available to the private education loan borrower through the promissory note; or (2) May have been marketed to the private education loan borrower through marketing materials; (c) If the private education lender offers flexible repayment options, consistently present and offer similar options to private education loan borrowers with similar financial circumstances; and (d) Annually issue a letter to the private education loan borrower and cosigner that sets forth, without limitation: (1) The total cumulative principal and interest amount of all private education loans owed by the private education loan borrower or cosigner to the private education lender; (2) The total payoff amount of the loans listed in subparagraph (1); and (3) Estimated monthly payment amounts if the private education loan borrower or cosigner were to enroll in a flexible repayment plan offered by the private education lender.
Nev. Rev. Stat. § 675.240 — NV Code / Title 55 / Chapter 675 / Section 675.240
Name under and place at which business transactable by licensee; loans by mail; accommodations; lending at remote location
Status: in_force

No licensee shall conduct the business of making loans provided for by this chapter under any name or at any place other than that stated in the license. Nothing herein shall prevent:

1. The making of loans by mail nor prohibit accommodations to individual borrowers when necessitated by hours of employment, sickness or other emergency situations; or

2. A licensee from authorizing an employee to 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. § 671.016 — NV Code / Title 55 / Chapter 671 / Section 671.016
“Payroll processing services” defined
Status: in_force

“ Payroll processing services ” means receiving money or credits for transmission pursuant to a contract with a person to:

1. Deliver wages or salaries;

2. Make payment of payroll taxes to a state or federal agency;

3. Make payments relating to an employee benefit plan; or

4. Make distributions of other authorized deductions from wages or salaries.
Nev. Rev. Stat. § 666.175 — NV Code / Title 55 / Chapter 666 / Section 666.175
Issuance of order to cease and desist; corrective action; effectiveness of order
Status: in_force

1. If a representative of the bank holding company does not appear at the hearing, the company shall be deemed to have consented to the issuance of an order to cease and desist.

2. If the bank holding company consents to the issuance of the order or if the Commissioner determines at the hearing that the company has engaged in or will engage in the activity charged, the Commissioner may issue and serve upon the company an order to cease and desist from the activity.

3. The order may, by mandatory or prohibitory provisions, require the bank holding company and its directors, officers, employees and agents not to engage in the activity to which the order applies and to take action to correct conditions resulting from that activity.

4. An order issued pursuant to this section becomes effective at the time specified in the order and remains effective as provided in it unless it is stayed, modified or set aside by the Commissioner or a reviewing court.
Nev. Rev. Stat. § 677.030 — NV Code / Title 55 / Chapter 677 / Section 677.030
“Amount of cash advance” defined
Status: in_force

“Amount of cash advance” means the amount of cash or its equivalent actually received by a borrower or paid out at his or her direction or on his or her behalf.
Nev. Rev. Stat. § 673.00577 — NV Code / Title 55 / Chapter 673 / Section 673.00577
“Depository institution” defined
Status: in_force

“ Depository institution ” means any state bank or savings bank, association, limited-liability company, corporation or other person organized for the purpose of conducting a banking business, whether chartered by this State, another state or the Federal Government, which:

1. Holds or receives deposits, savings or share accounts;

2. Issues certificates of deposit; or

3. Provides to its customers other deposit accounts which are subject to withdrawal by checks, drafts or other instruments or by electronic means to effect payment to a third party.
Nev. Rev. Stat. § 673.0313 — NV Code / Title 55 / Chapter 673 / Section 673.0313
“Savings association” defined
Status: in_force

“ Savings association ” means a savings association, savings and loan association or other depository institution chartered under this chapter before June 3, 2017.
Nev. Rev. Stat. § 669A.233 — NV Code / Title 55 / Chapter 669A / Section 669A.233
Nonjudicial settlement agreements: Authority to enter; scope; judicial approval
Status: in_force

1. A family trust company or licensed family trust company and an interested person may enter into a nonjudicial settlement agreement with respect to any matter involving the management, administration or interpretation of a trust that is managed pursuant to this chapter.

2. A nonjudicial settlement agreement that is entered into pursuant to this section must not contain: (a) Terms that violate a material purpose of the trust; or (b) Terms or conditions that could not be approved by a court.

3. The matters that may be resolved by a nonjudicial settlement agreement which is entered into pursuant to this section include, without limitation: (a) Those pertaining to any transaction or action authorized pursuant to paragraphs (a) to (m), inclusive, of subsection 1 of NRS 669A.225 ; (b) The investment or use of trust assets; (c) The lending or borrowing of money; (d) The addition, deletion or modification of a term or condition of the trust; (e) The interpretation or construction of a term or condition of the trust; (f) The designation or transfer of the principal place of administration of the trust; (g) The approval of a report or accounting that is provided pursuant to NRS 669A.255 ; (h) Direction to a fiduciary to refrain from performing a particular act or the grant to a fiduciary of any necessary or desirable power; (i) The resignation or appointment of a fiduciary; (j) The liability of a fiduciary for an action related to the management of the trust; and (k) The termination of the trust.

4. After notice has been provided pursuant to NRS 669A.235 , a family trust company or licensed family trust company or an interested person may petition a court to approve a nonjudicial settlement agreement, to determine whether the nonjudicial settlement agreement was accurately represented to each interested person or to determine whether the nonjudicial settlement agreement contains terms or conditions that the court could approve. A family trust company or licensed family trust company is not liable to an interested person for taking an action that is authorized by a nonjudicial settlement agreement which has been approved by a court.
Nev. Rev. Stat. § 666.035 — NV Code / Title 55 / Chapter 666 / Section 666.035
Consolidation, conversion or merger of state bank with national bank: Minimum vote required; approval by Commissioner; applicable law; determination of value of shares or interests for dissenting stockholders
Status: in_force

1. A state bank may, with the approval of the Commissioner, consolidate, convert into or merge with a national bank upon the vote of the holders of not less than two-thirds of each class of voting stock of, or of the members' interests in, the state bank.

2. The Commissioner shall not approve any consolidation, conversion or merger under this section which would: (a) Result in a monopoly or which would further any attempt to monopolize the business of banking in this state; or (b) Substantially lessen competition or be in restraint of trade, unless the Commissioner finds that the anticompetitive effects of the proposed transaction are clearly outweighed by the probable success of the transaction in meeting the needs of the community to be served. In every case, the Commissioner shall consider the financial and managerial resources and the future prospects of the company or companies and the banks concerned, and the convenience and the needs of the community to be served.

3. Except as otherwise provided in subsection 5, the rights and liabilities of a state bank which consolidates, converts into or merges with a national bank, and the rights and liabilities of the stockholders or members of the state bank, are the same as the rights and liabilities prescribed by the law of the United States for national banks and their stockholders or members at the time of the consolidation, conversion or merger.

4. Upon consolidation, conversion or merger, the resulting national bank becomes the same business as each consolidating, converting or merging bank, with all the property rights, power and duties of each consolidating, converting or merging bank, except as affected by the law of the United States and by the charter and bylaws of the resulting bank. Any reference to a consolidating, converting or merging bank in any writing, whether executed or which takes effect before or after the consolidation, conversion or merger, is applicable to the resulting bank if not inconsistent with the other provisions of that writing.

5. The holders of shares of the stock of, or members' interests in, a state bank which were voted against a consolidation or merger into a national bank are entitled to receive their value in cash, if and when the consolidation or merger becomes effective, upon written demand made to the resulting national bank at any time within 30 days after the effective date of the consolidation or merger, accompanied by the surrender of any stock certificate or certificates. The value of the shares or interests must be determined, as of the date of the meeting of the stockholders or members approving the consolidation or merger, by three appraisers to be selected as follows: (a) One by the owners of two-thirds of the dissenting shares or interests involved; (b) One by the board of directors of the resulting national bank; and (c) One by the appraisers chosen pursuant to paragraphs (a) and (b). The valuation agreed upon by any two appraisers governs. If the appraisal is not completed within 90 days after the consolidation or merger becomes effective, the Comptroller of the Currency shall cause an appraisal to be made.

6. The amount fixed as the value of the shares of stock of, or members' interests in, the consolidating or merging bank at the time of the meeting of the stockholders or members approving the consolidation or merger, and the amount fixed by the appraisal as provided by subsection 5, where the fixed value is not accepted, constitute a debt of the resulting national bank.

7. Upon the completion of the consolidation, conversion or merger, the license to operate as a state bank automatically terminates.
Nev. Rev. Stat. § 673.783 — NV Code / Title 55 / Chapter 673 / Section 673.783
“Exploitation” defined
Status: in_force

“ Exploitation ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 677.050 — NV Code / Title 55 / Chapter 677 / Section 677.050
“Borrowings” defined
Status: in_force

“Borrowings” means liability to any thrift investor or financial institution.
Nev. Rev. Stat. § 657.150 — NV Code / Title 55 / Chapter 657 / Section 657.150
Definitions
Status: in_force

As used in NRS 657.150 to 657.290 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 657.160 and 657.170 have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 675.010 — NV Code / Title 55 / Chapter 675 / Section 675.010
Short title
Status: in_force

This chapter shall be known and may be cited as the Nevada Installment Loan and Finance Act.
Nev. Rev. Stat. § 673.5917 — NV Code / Title 55 / Chapter 673 / Section 673.5917
Commissioner to furnish copies of examinations and reports to Federal Deposit Insurance Corporation
Status: in_force

1. The Commissioner shall furnish to the Federal Deposit Insurance Corporation, or to any official or examiner thereof, a copy of all examinations made of any savings bank and of all reports made by the savings bank. The Commissioner shall give access to and disclose to the Federal Deposit Insurance Corporation, or to any official or examiner thereof, all information possessed by the office of the Division of Financial Institutions with reference to the conditions or affairs of any savings bank.

2. Nothing in this section limits: (a) The duty of any savings bank in this State from complying with the provisions of the Federal Deposit Insurance Act, its amendments or substitutions, or the requirements of the Federal Deposit Insurance Corporation relative to examinations and reports; or (b) The powers of the Commissioner with reference to examinations and reports pursuant to the provisions of chapters 657 to 671, inclusive, of NRS.
Nev. Rev. Stat. § 666.005 — NV Code / Title 55 / Chapter 666 / Section 666.005
“Holding company” defined
Status: in_force

“Holding company” means a company:

1. Which directly or indirectly owns or controls 25 percent or more of the voting stock of a depository institution;

2. Which controls the election of a majority of the directors of a depository institution; or

3. For the benefit of whose stockholders 25 percent or more of the voting stock of a depository institution is held by one or more trustees.
Nev. Rev. Stat. § 676A.180 — NV Code / Title 55 / Chapter 676A / Section 676A.180
“Person” defined
Status: in_force

“ Person ” means an individual, corporation, business trust, estate, trust, partnership, limited-liability company, association, joint venture or any other legal or commercial entity. The term does not include a public corporation, government or governmental subdivision, agency or instrumentality.
Nev. Rev. Stat. § 671.235 — NV Code / Title 55 / Chapter 671 / Section 671.235
Circumstances under which transaction involving money transmission is deemed to take place in this State
Status: in_force

For the purposes of this chapter, a transaction involving money transmission takes place in this State if:

1. For a transaction requested in person, the transaction is requested by a person at a physical location in this State.

2. For a transaction requested electronically or by telephone, the provider of money transmission determines that the person requesting the transaction is located in this State based on the information available to the provider. Such information may include, without limitation: (a) Information provided by the person regarding the residential address of the person, if the person is a natural person, or the address of the principal place of business or other physical address of the person, if the person is a business entity; and (b) Any other information contained in the records of the provider of money transmission which indicate the location of the person, including, without limitation, an address associated with an account.
Nev. Rev. Stat. § 672.070 — NV Code / Title 55 / Chapter 672 / Section 672.070
“Credit union” defined
Status: in_force

“Credit union” means a cooperative, nonprofit corporation, organized for the purposes of promoting thrift among its members and creating a source of credit for such members at a fair and reasonable rate of interest.
Nev. Rev. Stat. § 658.065 — NV Code / Title 55 / Chapter 658 / Section 658.065
Oath of deputy commissioners
Status: in_force

Every deputy commissioner of financial institutions shall, before entering upon the discharge of duties, take and subscribe to the constitutional oath of office.
Nev. Rev. Stat. § 675.296 — NV Code / Title 55 / Chapter 675 / Section 675.296
Practices regarding customers who are members of military
Status: in_force

Notwithstanding any other provision of law:

1. If a borrower is a member of the military, a licensee shall: (a) Honor the terms of any repayment plan between the licensee and borrower, including, without limitation, any repayment plan negotiated through military counselors or third-party credit counselors. (b) Honor any proclamation by a base commander that a certain branch location of the licensee is off-limits to members of the military and their spouses.

2. If a borrower is a member of the military, a licensee shall not: (a) Garnish or threaten to garnish any wages or salary of the borrower or his or her spouse; or (b) Contact or threaten to contact the military chain of command of a borrower in an effort to collect the loan.

3. If a borrower is a member of the military and is deployed to a combat or combat supporting position, a licensee shall not engage in any collection activity against the borrower or his or her spouse.

4. As used in this section, “ military ” means the Armed Forces of the United States, a reserve component thereof or the National Guard.
Nev. Rev. Stat. § 669A.060 — NV Code / Title 55 / Chapter 669A / Section 669A.060
“Family affiliate” defined
Status: in_force

“ Family affiliate ” means a company or other entity with respect to which one or more family members or affiliates own, directly or indirectly, a material interest in the company or entity, or possess, directly or indirectly, the power to direct or cause the direction of the management and policies of that company or entity, whether through the ownership of voting securities, by contract, power of direction or otherwise.
Nev. Rev. Stat. § 667.095 — NV Code / Title 55 / Chapter 667 / Section 667.095
Deposit of books, papers and records with Commissioner upon final liquidation
Status: in_force

All books, papers and records of a bank which has been finally liquidated must be deposited by the receiver in the Office of the Commissioner.
Nev. Rev. Stat. § 672.220 — NV Code / Title 55 / Chapter 672 / Section 672.220
“Sums on deposit” defined
Status: in_force

“Sums on deposit” means the balance payable on a multiple-party account including interest, dividends and any deposit life insurance proceeds added to the account because of the death of a party.
Nev. Rev. Stat. § 669.040 — NV Code / Title 55 / Chapter 669 / Section 669.040
“Court trust” defined
Status: in_force

“Court trust” means a fiduciary relationship created by an appointment, order or decree of any court.
Nev. Rev. Stat. § 669.049 — NV Code / Title 55 / Chapter 669 / Section 669.049
“Noncustodial trust company” defined
Status: in_force

1. “ Noncustodial trust company ” means a grandfathered trust company that: (a) Does not manage, or advise regarding, in the aggregate, more than $100,000,000 worth of a client's assets; (b) Does not have custody or control of clients' assets that exceed 20 percent of the total assets that the trust company manages for all clients; and (c) To the extent that the trust company has custody or control of a client's assets, invests such assets pursuant to: (1) Direction by the client; or (2) The prudent investor standards of NRS 164.700 to 164.775 , inclusive.

2. For the purposes of this section: (a) “ Advise ” means to provide investment advice. (b) “ Control ” means the ability to invest or transfer cash or any other asset in a fiduciary or client account to any person other than: (1) In the case of an account for which the trust company acts as fiduciary, the settlor or beneficiary; and (2) In the case of any other account of a client, the owner of the account. (c) “ Manage ” means the exercise of discretion regarding investments, whether or not that discretion is delegated to another person.
Nev. Rev. Stat. § 677.805 — NV Code / Title 55 / Chapter 677 / Section 677.805
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, without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter.
Nev. Rev. Stat. § 671.021 — NV Code / Title 55 / Chapter 671 / Section 671.021
Applicability of chapter: Authority of Commissioner to require demonstration of qualification for exemption
Status: in_force

The Commissioner may require any person claiming to be exempt from the provisions of this chapter pursuant to NRS 671.020 to provide to the Commissioner information and documentation demonstrating that the person qualifies for any claimed exemption.
Nev. Rev. Stat. § 677.687 — NV Code / Title 55 / Chapter 677 / Section 677.687
“Older person” defined
Status: in_force

“ Older person ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 657A.100 — NV Code / Title 55 / Chapter 657A / Section 657A.100
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 657A.110 to 657A.180 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 660.205 — NV Code / Title 55 / Chapter 660 / Section 660.205
Requirements for illumination
Status: in_force

1. The operator of an automated teller shall provide illumination from a half hour after sunset until a half hour before sunrise of at least 10 foot-candles, measured 3 feet above ground level, at the face of the automated teller and extending outward at least 5 feet in each unobstructed direction.

2. The operator of an automated teller, if the operator controls the area of access or the defined parking area, or the lessor or other person who controls each of these areas, shall provide illumination from a half hour after sunset until a half hour before sunrise of at least 2 foot-candles, measured 3 feet above ground level, within 50 feet in all unobstructed directions from the face of the automated teller and in that portion of the defined parking area which is within 60 feet from the automated teller.

3. If an automated teller is located within 10 feet of the corner of a building and the automated teller is generally accessible from the adjacent side of the building, the illumination must be at least 2 foot-candles, measured 3 feet above ground level, along the first 40 unobstructed feet of the adjacent side of the building.
Nev. Rev. Stat. § 666A.380 — NV Code / Title 55 / Chapter 666A / Section 666A.380
State representative office: Revocation of license
Status: in_force

The Commissioner, after notice and opportunity for a hearing, may revoke a license to establish and maintain a state representative office if the Commissioner finds that:

1. The foreign bank has violated any provision of this chapter or any other law or regulation of this state; or

2. Any fact or condition exists which, if it had existed at the time of the foreign bank's original application for the license, would have been a ground for refusing to issue the license.
Nev. Rev. Stat. § 666A.180 — NV Code / Title 55 / Chapter 666A / Section 666A.180
State branch or agency: Maintenance of registered office and registered agent
Status: in_force

A foreign bank which is licensed to establish and maintain a state branch or agency shall have and continuously maintain in this state:

1. A registered office which may be, but need not be, the same as its place of business in this state; and

2. A registered agent, who may be a natural person who resides in this state and maintains a business office at the registered office or a corporation authorized to transact business in this state which maintains a business office at the registered office.
Nev. Rev. Stat. § 667.175 — NV Code / Title 55 / Chapter 667 / Section 667.175
Petition and order may relate to all instruments in which former trustee was named
Status: in_force

The petition and the order appointing such new trustee may include, relate to and apply to any number of indentures, deeds of trust or other instruments, wherein the same trustee is named.
Nev. Rev. Stat. § 669.204 — NV Code / Title 55 / Chapter 669 / Section 669.204
“Home state” defined
Status: in_force

“ Home state ” means the state in which a foreign independent trust company or foreign trust company is licensed or chartered and maintains its principal place of business.
Nev. Rev. Stat. § 673.483 — NV Code / Title 55 / Chapter 673 / Section 673.483
Audit of books and accounts
Status: in_force

1. Each savings bank shall, at least once each year, cause its books and accounts to be audited at its own expense by a certified public accountant or firm of such accountants selected by the savings bank and approved by the Commissioner.

2. The Commissioner may prescribe the scope of the audit.

3. A certified copy of the audit, including the management and internal control letters relating to the audit, must be furnished to the Commissioner.
Nev. Rev. Stat. § 672.125 — NV Code / Title 55 / Chapter 672 / Section 672.125
“Fixed assets” defined
Status: in_force

“Fixed assets” means the real property which constitutes the premises of a credit union or any of its offices, and the furniture, fixtures and equipment of the credit union.
Nev. Rev. Stat. § 676A.190 — NV Code / Title 55 / Chapter 676A / Section 676A.190
“Plan” defined
Status: in_force

“ Plan ” means a program or strategy in which a provider furnishes debt-management services to an individual and which includes a schedule of payments to be made by or on behalf of the individual and used to pay debts owed by the individual.
Nev. Rev. Stat. § 671.060 — NV Code / Title 55 / Chapter 671 / Section 671.060
Completion of application for license; conduct and cost of investigation of applicant; issuance of license; denial of application; appeal
Status: in_force

1. When an applicant for a license has submitted the application required pursuant to NRS 671.050 which appears to include all the items and address all of the matters that are required by that section, submitted the information required pursuant to NRS 671.098 and paid all applicable fees and the Commissioner has approved the surety bond or securities of the applicant, the application shall be considered complete.

2. A determination by the Commissioner that an application is complete pursuant to subsection 1 and is accepted for processing means only that the application, on its face, appears to include all of the items and address all of the matters that are required and is not an assessment of the substance of the application or the sufficiency of the information.

3. When an application is filed and considered complete pursuant to this section, the Commissioner shall investigate the financial condition and responsibility, the financial and business experience, and the character and general fitness of the applicant and may investigate any partners, directors, trustees, principal officers, proposed key individuals or persons in control of the applicant.

4. In investigating an applicant pursuant to subsection 3, the Commissioner may conduct an on-site investigation of the applicant, the actual cost of which the applicant must pay.

5. The Commissioner shall issue a license to the applicant to engage in the business of money transmission if the Commissioner finds that: (a) The applicant has complied with all applicable requirements set forth in this chapter for the issuance of a license; and (b) The financial condition and responsibility, financial and business experience, competence, character and general fitness of the applicant and the competence, experience, character and general fitness of the key individuals and persons in control of the applicant indicate that it is in the interest of the public to permit the applicant to engage in money transmission.

6. If the Commissioner denies an application for a license, the Commissioner shall issue to the applicant a formal written notice of the denial setting forth the specific reasons for the denial. An applicant whose application for a license is denied may appeal and request a hearing pursuant to NRS 233B.121 to 233B.150 , inclusive.
Nev. Rev. Stat. § 671.195 — NV Code / Title 55 / Chapter 671 / Section 671.195
Addition or replacement of key individual: Notice and information required to be provided to Commissioner; notice of disapproval; appeal; authority of Commissioner if licensee is subject to multistate licensing process
Status: in_force

1. If a licensee adds or replaces any key individual, the licensee shall provide to the Commissioner: (a) Notice in a manner prescribed by the Commissioner within 15 days after the effective date of the addition or replacement of the key individual; and (b) The information required by NRS 671.098 within 45 days after the effective date of the addition or replacement of the key individual.

2. Within 90 days after the date on which the licensee has provided the notice and information required by subsection 1, the Commissioner may issue a notice of disapproval of a key individual if the Commissioner determines that, based on the competence, experience, character or integrity of the person, it would not be in the best interest of the public or of the customers of the licensee to allow the person to be a key individual of the licensee.

3. A notice of disapproval issued pursuant to subsection 2 must contain a statement of the basis for the disapproval and must be sent to the licensee and the person who has been disapproved as a key individual. A licensee who receives a notice of disapproval may appeal and request a hearing pursuant to NRS 233B.121 to 233B.150 , inclusive.

4. If a multistate licensing process includes a review and disapproval process for key individuals pursuant to this section and the licensee requesting such a determination avails himself, herself or itself of or is otherwise subject to the multistate licensing process: (a) The Commissioner may accept the determination of another state if the Commissioner determines that the state has sufficient staffing, expertise and minimum standards for the purposes of this section; and (b) If this State is a lead investigative state in the multistate licensing process, the Commissioner may investigate the applicant in the time frames established by agreement through the multistate licensing process.
Nev. Rev. Stat. § 673.0077 — NV Code / Title 55 / Chapter 673 / Section 673.0077
“Federal savings bank” defined
Status: in_force

“ Federal savings bank ” means any type of federal savings association organized pursuant to the Home Owners' Loan Act of 1933, 12 U.S.C. §§ 1461 to 1468 , inclusive.
Nev. Rev. Stat. § 661.165 — NV Code / Title 55 / Chapter 661 / Section 661.165
Directors: Quarterly meetings and examination of books required; exemption
Status: in_force

The board of directors shall meet at least quarterly in regular meeting. At least quarterly, a thorough examination of the books, records, funds and securities held by the bank must be made. The examination may be dispensed with if an annual audit is made of the books, records, funds and securities.
Nev. Rev. Stat. § 662.135 — NV Code / Title 55 / Chapter 662 / Section 662.135
Limitations on investment in stock of or membership in other banks and business organizations
Status: in_force

1. Except as otherwise provided in this section and subject to the provisions of NRS 662.065 and 662.125 , no bank may make any investment in the stock or become a member of any other state or national bank.

2. A bank doing business under chapters 657 to 671, inclusive, of NRS may subscribe to or purchase, upon such terms as may be agreed upon, the stock of banks organized under the Act of Congress known as the Edge Act or the stock of central reserve banks whose stock exceeds $1,000,000.

3. To constitute a central reserve bank as contemplated by chapters 657 to 671, inclusive, of NRS, at least 50 percent of the capital stock of the bank must be owned by other banks. The investment by any bank in the capital stock of a central reserve bank or a bank organized under the Edge Act, must at no time exceed 10 percent of the stockholders' or members' equity of the bank making the investment.

4. A bank shall not invest in the stocks or ownership of other corporations, firms, partnerships or companies except as otherwise provided in chapters 657 to 671, inclusive, of NRS, unless the investment is made to protect the bank from loss.

5. A bank may invest in the stocks or ownership of other corporations, firms, partnerships or companies as part of a merger, consolidation, combination or acquisition that is authorized pursuant to the provisions of chapter 78, 86 or 92A of NRS, regardless of whether the investment is made to protect the bank from loss.

6. Any stocks or ownership owned or acquired after July 1, 1971, in excess of the limitations imposed by this section must be disposed of at public or private sale within 12 months after the date of acquiring them, and if not so disposed of, they must be charged to profit and loss account, and no longer carried on the books as an asset. The limit of time in which such stocks or ownership is disposed of or charged off the books of the bank may be extended by the Commissioner if in his or her judgment it is for the best interest of the bank that an extension be granted.

7. A bank may subscribe to, purchase or become the owner of stock in: (a) Federal reserve banks as established by Act of Congress approved December 23, 1913, being c. 6, 38 Stat. 251, or any amendment thereof; or (b) Any governmental agency, Federal Home Loan Bank or liquidating or financial corporation created by the Congress of the United States.

8. A bank may invest up to 50 percent of its surplus in the stock or membership of corporations or limited-liability companies engaged in related banking fields.
Nev. Rev. Stat. § 677.770 — NV Code / Title 55 / Chapter 677 / Section 677.770
Limitations on amount of secured loans or obligations of any one obligor
Status: in_force

Secured loans or obligations of any one person as primary obligor made or held by a licensee may not, in any event, exceed in the aggregate 25 percent of the stockholders' equity of the licensee. Loans secured by deposits with the licensee must not be included in applying this limitation.
Nev. Rev. Stat. § 670B.300 — NV Code / Title 55 / Chapter 670B / Section 670B.300
Licensee required to register and maintain unique identifier with Nationwide Multistate Licensing System and Registry; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry
Status: in_force

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

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

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

4. As used in this section, “ unique identifier ” means a number or other identifier assigned by the protocols of the Registry.
Nev. Rev. Stat. § 662.055 — NV Code / Title 55 / Chapter 662 / Section 662.055
Investments in public securities
Status: in_force

1. Notwithstanding any restrictions or limitations on investment contained in any law of this state, a bank may, without limitation, invest its funds in public securities which include: (a) Obligations of the United States, its agencies or other obligations guaranteed by the United States Government. (b) Obligations of the United States Postal Service, whether or not guaranteed as to principal and interest by the United States. (c) Stock or obligations of a national mortgage association or any successor or successors thereto, including the Federal National Mortgage Association. (d) Any bonds, general or revenue obligations or other debt obligations of any state of the United States or of any city, town, county, school district, improvement district, municipal corporation or quasi-municipal corporation of any state in the United States or other political subdivision of any such state. (e) The bonds, debentures, securities or other similar obligations issued pursuant to: (1) The Federal Farm Loan Act, as amended; (2) The Farm Credit Act of 1933, as amended; (3) The Federal Home Loan Bank Act of 1932, as amended; (4) The Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259 , inclusive, as now or hereafter amended; and (5) Any other federal act or authority, the bonds, debentures, securities or other similar obligations of which have been approved by the Commissioner for investment.

2. This section is cumulative to all other laws relating to the investment of bank funds.
Nev. Rev. Stat. § 676A.530 — NV Code / Title 55 / Chapter 676A / Section 676A.530
Required disclosures and materials: Use of Internet; form; written copy provided on request; disclosures on website; termination of electronic communication; termination of agreement
Status: in_force

1. A provider may satisfy the requirements of NRS 676A.520 , 676A.540 or 676A.630 by means of the Internet or other electronic means if the provider obtains a consumer's consent in the manner provided by section 101 1 (c)(1) of the federal act.

2. The disclosures and materials required by NRS 676A.520 , 676A.540 or 676A.630 must be presented in a form that is capable of being accurately reproduced for later reference.

3. With respect to disclosure by means of an Internet website, the disclosure of the information required by subsection 4 of NRS 676A.520 must appear on one or more screens that: (a) Contain no other information; and (b) The individual must see before proceeding to assent to formation of an agreement.

4. At the time of providing the materials and agreement required by subsections 3 and 4 of NRS 676A.520 and NRS 676A.540 and 676A.630 , a provider shall inform the individual that upon electronic, telephonic or written request, it will send the individual a written copy of the materials, and shall comply with a request as provided in subsection 5.

5. If a provider is requested, before the expiration of 90 days after an agreement is completed or terminated, to send a written copy of the materials required by subsections 3 and 4 of NRS 676A.520 or NRS 676A.540 or 676A.630 , the provider shall send them at no charge within 3 business days after the request, but the provider need not comply with a request more than once per calendar month or if it reasonably believes the request is made for purposes of harassment. If a request is made more than 90 days after an agreement is completed or terminated, the provider shall send within a reasonable time a written copy of the materials requested.

6. A provider that maintains an Internet website shall disclose on the home page of its website or on a page that is clearly and conspicuously connected to the home page by a link that clearly reveals its contents: (a) Its name and all names under which it does business; (b) Its principal business address, telephone number and electronic mail address, if any; and (c) The names of its principal officers.

7. Subject to subsection 8, if a consumer who has consented to electronic communication in the manner provided by section 101 of the federal act withdraws consent as provided in the federal act, a provider may terminate its agreement with the consumer.

8. If a provider wishes to terminate an agreement with a consumer pursuant to subsection 7, it shall notify the consumer that it will terminate the agreement unless the consumer, within 30 days after receiving the notification, consents to electronic communication in the manner provided in section 101(c) of the federal act. If the consumer consents, the provider may terminate the agreement only as permitted by subparagraph (6) of paragraph (f) of subsection 1 of NRS 676A.540 .

9. As used in this section: (a) “ Consumer ” means an individual who seeks or obtains goods or services that are used primarily for personal, family or household purposes. (b) “ Federal act ” means the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. §§ 7001 et seq.

1 15 U.S.C.A. § 7001
Nev. Rev. Stat. § 668.055 — NV Code / Title 55 / Chapter 668 / Section 668.055
Embezzlement; willful misapplication of money; penalties
Status: in_force

A president, director, manager, cashier, teller, clerk, officer or agent of any bank who embezzles, abstracts or willfully misapplies any money, funds, securities or credits of any bank, or who issues or puts forth any certificate of deposit, draws any draft, bill of exchange or mortgage, or who makes use of any bank in any manner, with the intent to injure or defraud any bank or person, or to deceive any bank, or officer of any bank, and any natural person who, with like intent, aids or abets any officer, clerk or agent in any violation of this section, shall be punished:

1. Where the amount involved is $650 or more, for a category C felony as provided in NRS 193.130 . In addition to any other penalty, the court shall order the person to pay restitution.

2. Where the amount involved is less than $650, for a misdemeanor.
Nev. Rev. Stat. § 673.850 — NV Code / Title 55 / Chapter 673 / Section 673.850
Effect of revocation of license
Status: in_force

The revocation of any license issued under any of the provisions of this chapter shall, from the date of such revocation, place the savings bank to whom it was issued in the same legal status and subject to the same prohibitions and penalties as one to whom no license has been issued.
Nev. Rev. Stat. § 657A.410 — NV Code / Title 55 / Chapter 657A / Section 657A.410
Director may refuse incomplete application; applicant required to provide additional information upon request; Director required to consult with certain regulators; timeline to approve or deny application
Status: in_force

1. The Director may refuse to consider any application submitted pursuant to NRS 657A.400 if the application does not include the information required by NRS 657A.400 or any other information deemed necessary by the Director. The applicant shall provide, within the period directed by the Director, any additional information required in connection with the application. If the required information is not provided, the application may be denied by the Director as incomplete.

2. Upon receipt of a completed application and payment of the required fee, the Director shall identify and consult with each applicable regulator having an interest in the subject of the application. The consultation is advisory only and not binding on the Director. The consultation may relate to any matter deemed by the Director to be relevant to the application, including, without limitation: (a) Any license or other authorization previously issued by the applicable regulator, or the corresponding regulator in another jurisdiction, to the applicant or any other person described in paragraph (c) of subsection 3 of NRS 657A.400 ; (b) Any criminal, civil, administrative or other proceeding previously brought by or on behalf of the applicable regulator, or the corresponding regulator in any other jurisdiction, against the applicant or any other person described in paragraph (c) of subsection 3 of NRS 657A.400 ; and (c) The ability of the applicant or any other person described in paragraph (c) of subsection 3 of NRS 657A.400 to qualify for a license or other authorization from the applicable regulator upon the completion of testing.

3. Unless the Director and the applicant mutually agree to extend this period, the Director shall approve or deny an application within 90 days after the completed application is received.
Nev. Rev. Stat. § 662.125 — NV Code / Title 55 / Chapter 662 / Section 662.125
Limitations on lending on security of or acquisition of own stock or members' interests; sale and ownership of collateral security
Status: in_force

1. Except as otherwise provided in subsection 2, no bank may make any loan or discount on the security of its own stock or members' interests, nor be the purchaser or holder of any such shares or interests, unless the loan, discount, purchase or holding has been approved by the Commissioner or is necessary to prevent loss upon a debt previously contracted in good faith.

2. A bank may make a loan or discount on the security of its own stock or members' interests as it deems appropriate if the bank is subject to the reporting requirements set forth in section 12, 13, 14 or 15(d) of the Securities Exchange Act of 1934, as amended, 15 U.S.C §§ 78l , 78m , 78n and 78o(d) , respectively, or 12 C.F.R. § 335 .

3. Stock or interests purchased or acquired to prevent loss upon a debt previously contracted in good faith must, within 2 years after they are purchased, be sold or disposed of at a public or private sale, unless the Commissioner authorizes the bank to hold the stock or interests for a longer period. After the expiration of 2 years or the period authorized by the Commissioner, any such stock or interests not sold or disposed of pursuant to this subsection must, except upon the approval of the Commissioner, be charged to profit and loss and must not be considered as part of the assets of the bank.

4. Any bank may sell or become the owner of any property which may come into its possession as collateral security for any debt or obligation due it, according to the terms of any contract depositing the collateral security. If there is no contract, the collateral security may be sold in the manner provided by law. Any property the bank has in its possession pursuant to this subsection, other than real property, must be sold within 2 years after it is acquired, unless the Commissioner authorizes the bank to hold the property for a longer period.
Nev. Rev. Stat. § 660.125 — NV Code / Title 55 / Chapter 660 / Section 660.125
“Area of access” defined
Status: in_force

“Area of access” means a paved walkway or sidewalk which is within 50 feet of an automated teller, except a publicly maintained road or a sidewalk as defined in NRS 484A.240 .
Nev. Rev. Stat. § 673.0185 — NV Code / Title 55 / Chapter 673 / Section 673.0185
“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 savings bank with those of another such savings bank or state bank or with those of a federal savings bank or national bank, or other insured depository institution.
Nev. Rev. Stat. § 670B.490 — NV Code / Title 55 / Chapter 670B / Section 670B.490
Duties and prohibited acts in event of total and permanent disability of private education loan borrower or cosigner
Status: in_force

1. A private education lender, when notified of the total and permanent disability of a private education loan borrower or cosigner, shall release any cosigner from the obligations of the cosigner under a private education loan. The private education lender shall not attempt to collect a payment from a cosigner following a notification of total and permanent disability of the private education loan borrower or cosigner.

2. A private education lender shall notify a private education loan borrower and cosigner for a private education loan if either a private education loan borrower or cosigner is released from the obligations of the private education loan under this section, within 30 days after the release.

3. A private education lender that extends a private education loan shall provide the private education loan borrower an option to designate an individual to have the legal authority to act on behalf of the private education loan borrower with respect to the loan in the event of the total and permanent disability of the private education loan borrower.

4. If a cosigner is released from the obligations of a private education loan pursuant to subsection 1, the private education lender shall not: (a) Require the private education loan borrower to obtain another cosigner on the private education loan obligation. (b) Declare a default or accelerate the debt against the private education loan borrower on the sole basis of the release of the cosigner from the private education loan obligation.

5. A private education lender, if notified of the total and permanent disability of a private education loan borrower: (a) Shall discharge the liability of the private education loan borrower and cosigner on the private education loan; and (b) Shall not: (1) Attempt to collect on the outstanding liability of the private education loan borrower or cosigner; or (2) Monitor the disability status of the private education loan borrower at any point after the date of discharge.

6. As used in this section, “ total and permanent disability ” means that a person: (a) Has been determined by the United States Secretary of Veterans Affairs to be unemployable due to a service-connected disability; or (b) Is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, has lasted for a continuous period of not less than 12 months or can be expected to last for a continuous period of not less than 12 months.
Nev. Rev. Stat. § 660.052 — NV Code / Title 55 / Chapter 660 / Section 660.052
Fee for and record of transaction
Status: in_force

1. A financial institution operating an electronic terminal may charge a transaction fee to the customer using the electronic terminal if the transaction fee is disclosed electronically during the course of the transaction so as to permit the customer to cancel the transaction without incurring the transaction fee.

2. For each transaction processed by an electronic terminal, except for a transaction involving a negotiable instrument that is its own receipt, the electronic terminal must, at the time of the transaction, make available to the customer a machine processed or handwritten record of each transaction. The record must include: (a) The amount of the transaction. A fee for the transaction may be included in this amount if the electronic terminal is owned or operated by a person other than the financial institution that holds the customer's account if the fee is disclosed on the record of the transaction and pursuant to subsection 1. (b) The date of the transaction. (c) The type of transaction and the type of account to or from which money is transferred. Codes may be used for this purpose if they are explained on the record of the transaction. (d) A number or code that identifies the customer, the customer's account number or the device used to access the electronic terminal. (e) The location of the electronic terminal, or a number or code identifying that location. (f) The name of each third party to or from whom money is transferred, if the name provided by the customer can be reproduced by the electronic terminal on the record of the transaction. A code may be used for this purpose only if it is explained on the record of the transaction.
Nev. Rev. Stat. § 676A.090 — NV Code / Title 55 / Chapter 676A / Section 676A.090
“Commissioner” defined
Status: in_force

“ Commissioner ” means the Commissioner of Financial Institutions.
Nev. Rev. Stat. § 677.470 — NV Code / Title 55 / Chapter 677 / Section 677.470
Licensee to pay costs of audit of books and records
Status: in_force

In addition to the annual fee provided by this chapter, the Commissioner shall assess and collect from each licensee the reasonable cost of auditing the books and records of a licensee.
Nev. Rev. Stat. § 670B.070 — NV Code / Title 55 / Chapter 670B / Section 670B.070
“Private education lender” defined
Status: in_force

1. “ Private education lender ” means any person engaged in the business of securing, making or extending private education loans, or any holder of a private education loan.

2. To the extent that state law is not preempted by federal law, the term does not include: (a) A bank, savings bank, savings and loan association or credit union; (b) A wholly owned subsidiary of a bank or credit union; (c) An operating subsidiary if each owner of the operating subsidiary is wholly owned by the same bank or credit union; (d) The Nevada System of Higher Education; or (e) The Western Interstate Commission for Higher Education.
Nev. Rev. Stat. § 673.226 — NV Code / Title 55 / Chapter 673 / Section 673.226
Savings banks possess same powers, privileges and authorities as state banks and national banks; exceptions and limitations; savings banks subject to restrictions, limitations and requirements applicable to state and national banks
Status: in_force

1. In addition to all powers, express or implied, that a savings bank has under this chapter, a savings bank has the powers, privileges and authorities that: (a) A state bank has under chapters 657 to 671, inclusive, of NRS; and (b) A national bank has, except as may be expressly denied or limited by the Commissioner after notice and a hearing.

2. Any restriction, limitation or requirement applicable to a specific power, privilege or authority of a state bank or national bank applies to a savings bank exercising such a power, privilege or authority pursuant to this section to the extent that a savings bank exercises such a power, privilege or authority.
Nev. Rev. Stat. § 671.475 — NV Code / Title 55 / Chapter 671 / Section 671.475
Failure to submit required report; fees; regulations
Status: in_force

1. If a licensee fails to submit any report required pursuant to this chapter or any regulation adopted pursuant thereto within the prescribed period, the Commissioner may impose and collect a fee of not more than $10 for each day the report is overdue.

2. The Commissioner shall adopt regulations establishing the amount of the fee that may be imposed pursuant to this section.
Nev. Rev. Stat. § 673.300 — NV Code / Title 55 / Chapter 673 / Section 673.300
Savings bank may become member and stockholder of Federal Home Loan Bank, borrow money and invest in bonds
Status: in_force

1. Any savings bank which may now or hereafter be eligible to become a member of any Federal Home Loan Bank according to the terms of the Federal Home Loan Bank Act of 1932, 12 U.S.C. §§ 1421 to 1449 , inclusive, as amended or supplemented, may: (a) Subscribe for, purchase, own and hold stock in such Federal Home Loan Bank, and become a member thereof. (b) Borrow money from any Federal Home Loan Bank pursuant to the Federal Home Loan Bank Act, as amended or supplemented. (c) Invest in the bonds of any Federal Home Loan Bank. (d) Give its obligations and pledge securities and conform to the provisions of the Federal Home Loan Bank Act, and to the rules and regulations from time to time fixed and prescribed either by the Federal Home Loan Bank Board or the Federal Home Loan Bank of which it is a member. (e) Perform any acts and execute any instruments authorized or required by the Federal Home Loan Bank Act, as amended or supplemented, or by rules and regulations adopted pursuant to the Act.

2. All acts authorized by subsection 1 performed prior to March 18, 1935, are hereby validated and confirmed.
Nev. Rev. Stat. § 677.610 — NV Code / Title 55 / Chapter 677 / Section 677.610
Authorized investments
Status: in_force

A licensee shall not invest any of its money, except:

1. As authorized in this chapter;

2. In legal investments for banks, credit unions or savings associations; or

3. To the extent of 5 percent or less of its total assets, in preferred stock of corporations which have been given a rating of “A” or better by a national rating service and which are not in default in the payment of dividends.
Nev. Rev. Stat. § 677.290 — NV Code / Title 55 / Chapter 677 / Section 677.290
Right to open branch office expires if office not open within 6 months after approval of application
Status: in_force

The failure of a licensee to open and operate a branch office within 6 months after the Commissioner approves the application therefor automatically terminates the right of the licensee to open the branch office.
Nev. Rev. Stat. § 667.125 — NV Code / Title 55 / Chapter 667 / Section 667.125
Petition for appointment of successor trustee by district court: Order directing service of notice
Status: in_force

In all cases to which subsection 1 of NRS 667.115 is applicable, the district court for the county in which such indenture, deed of trust or other instrument of like character is recorded shall, upon the verified petition of any person interested in any such trust, either as trustee, beneficiary or otherwise, which interest must be set out in the petition, issue its order directing service on all interested parties, personally or by the publication in a newspaper published in the county, or in some adjoining county if no newspaper is published in the county where the application is made, of a notice directed to all persons concerned, commanding and requiring all persons having any interest in the trust, to appear in court on a day designated in the order and notice, not less than 30 days after the date of the order and notice, to show cause why a new trustee should not be appointed.
Nev. Rev. Stat. § 677.560 — NV Code / Title 55 / Chapter 677 / Section 677.560
Application by licensee to enjoin further proceedings
Status: in_force

Whenever the Commissioner has taken possession of the property and business of any licensee, a licensee, within 10 days after a taking, if it deems itself aggrieved thereby, may apply to the district court in the county in which the main office of the licensee is located to enjoin further proceedings. The court, after citing the Commissioner to show cause why further proceedings should not be enjoined and after a hearing and a determination of the facts upon the merits may dismiss such application or enjoin the Commissioner from further proceedings and direct him or her to surrender the property and business to such licensee, or make such further order as may be just.
Nev. Rev. Stat. § 659.105 — NV Code / Title 55 / Chapter 659 / Section 659.105
Restriction on transaction of business
Status: in_force

No banking corporation or company may transact any business except such as is incidental and necessarily preliminary to its organization until it has been authorized to do so by the Commissioner.
Nev. Rev. Stat. § 673.455 — NV Code / Title 55 / Chapter 673 / Section 673.455
Examination of holding companies
Status: in_force

1. The Commissioner may, at the time of examining a savings bank, inspect the books, ledgers and minutes of any corporation which is registered or required to be registered under section 5 of the Bank Holding Company Act of 1956, 12 U.S.C. § 1844 , or section 10 of the Home Owners' Loan Act of 1933, 12 U.S.C. § 1467a , as a holding company whenever, in his or her discretion, he or she considers it advisable to ascertain facts which may relate to transactions between the holding company and the affiliated savings bank. The provisions of NRS 673.450 apply to the examination of such corporation.

2. Upon making findings to that end, the Commissioner may order the discontinuance of borrowing or lending, selling or buying of assets, extending credit or guaranteeing obligations of the holding company which has been undertaken without the written approval of the Commissioner.

3. No unreasonable supervisory fees may be imposed upon any savings bank by a holding company which controls the savings bank.
Nev. Rev. Stat. § 668.065 — NV Code / Title 55 / Chapter 668 / Section 668.065
False oath or affirmation of officer, director, manager or employee; penalty
Status: in_force

Every officer, director, manager or employee of a bank required by chapters 657 to 671, inclusive, of NRS to take an oath or affirmation who willfully swears or affirms falsely is guilty of perjury, and upon conviction thereof shall be punished as provided by the laws of this state for cases of perjury.
Nev. Rev. Stat. § 673.046 — NV Code / Title 55 / Chapter 673 / Section 673.046
Application for license: Additional requirements; fingerprints; grounds for refusal to issue license
Status: in_force

1. In addition to any other requirements set forth in this chapter, each applicant must submit: (a) Proof satisfactory to the Commissioner that the applicant: (1) Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business for which the applicant seeks to be licensed in a manner which protects the interests of the general public. (2) Has not made a false statement of material fact on the application for the license. (3) Has not committed any of the acts specified in subsection 2. (4) Has not had a license issued pursuant to this chapter suspended or revoked within the 10 years immediately preceding the date of the application. (5) Has not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude. (b) A complete set of his or her fingerprints and written permission authorizing the Division of Financial Institutions of the Department of Business and Industry to forward the fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report.

2. In addition to any other lawful reasons, the Commissioner may refuse to issue a license to an applicant if the applicant: (a) Has committed or participated in any act which, if committed or done by a holder of a license, would be grounds for the suspension or revocation of the license. (b) Has previously been refused a license pursuant to this chapter or has had such a license suspended or revoked. (c) Has participated in any act which was a basis for the refusal or revocation of a license pursuant to this chapter. (d) Has falsified any of the information submitted to the Commissioner in support of the application for the license.
Nev. Rev. Stat. § 669A.260 — NV Code / Title 55 / Chapter 669A / Section 669A.260
Fees for examination
Status: in_force

1. The Commissioner may examine the books and records of a licensed family trust company. For each examination of the books and records of a licensed family trust company as authorized under this chapter, the Commissioner shall charge and collect from the licensed family trust company a fee for conducting the examination and in preparing, typing and copying the report of the examination at the rate established and, if applicable, adjusted pursuant to NRS 658.101 .

2. All money collected under this section must be deposited in the State Treasury pursuant to the provisions of NRS 658.091 .
Nev. Rev. Stat. § 675.298 — NV Code / Title 55 / Chapter 675 / Section 675.298
Printing and storing of physical records at remote location prohibited; representing to person that employee is working at remote location prohibited; exception
Status: in_force

1. An employee who engages in the business of lending in this State at a remote location shall not print or store physical records containing any data of the licensee at the remote location.

2. Except as otherwise provided in subsection 3, an employee who engages in the business of lending in this State at a remote location or the licensee who employs such an employee shall not represent in any manner to a borrower, potential borrower or any other person that the employee is working at a remote location, including, without limitation, by: (a) Advertising in any form the address of the remote location where the employee works or a personal telephone number or facsimile number associated with the remote location; (b) Meeting a borrower or potential borrower at, or inviting a borrower or potential borrower to, the remote location; or (c) Directly or indirectly suggesting or holding out in any manner that the address of the remote location is the address of the place of business of the licensee, including, without limitation, by receiving mail intended for the licensee at the remote location or storing physical records of the licensee at the remote location.

3. An employee may respond to an inquiry concerning his or her location by stating that he or she is working remotely or working at a remote location.

4. As used in this section, “ place of business ” has the meaning ascribed to it in NRS 675.2965 .
Nev. Rev. Stat. § 669.190 — NV Code / Title 55 / Chapter 669 / Section 669.190
Payment of license fees; regulations; deposit in State Treasury
Status: in_force

1. The initial fee to be paid for a retail trust company license must not be more than $3,000.

2. In addition, every retail trust company must pay an initial license fee of not more than $500 for each branch office that is authorized by the Commissioner.

3. Thereafter, every retail trust company must pay annually on or before April 1 of each year a license fee of not more than $3,000.

4. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section. All money collected under the provisions of this section must be deposited in the State Treasury pursuant to the provisions of NRS 658.091 .
Nev. Rev. Stat. § 673.600 — NV Code / Title 55 / Chapter 673 / Section 673.600
Conversion authorized
Status: in_force

Any savings bank may convert itself into a federal savings bank pursuant to the Home Owners' Loan Act of 1933, 12 U.S.C. §§ 1461 to 1468 , inclusive, a national bank pursuant to the National Bank Act, 12 U.S.C. §§ 214 to 214d , inclusive, or a state bank pursuant to chapters 657 to 671, inclusive, of NRS, with the same effect as though originally incorporated under the act or title, as applicable, and the proceedings to effect the conversion shall be as outlined in NRS 673.610 to 673.640 , inclusive.
Nev. Rev. Stat. § 673.797 — NV Code / Title 55 / Chapter 673 / Section 673.797
“Vulnerable person” defined
Status: in_force

“ Vulnerable person ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 673.451 — NV Code / Title 55 / Chapter 673 / Section 673.451
Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses
Status: in_force

1. For the purpose of discovering violations of this chapter or of securing information lawfully required under this chapter, the Commissioner or his or her duly authorized representatives may at any time investigate the business and examine the books, accounts, papers and records used therein of: (a) Any savings bank; (b) Any other person engaged in an activity regulated pursuant to the provisions of this chapter; and (c) Any person whom the Commissioner has reasonable cause to believe is violating or is about to violate any provision of this chapter, whether or not the person claims to be within the authority or beyond the scope of this chapter.

2. For the purpose of examination, the Commissioner or his or her authorized representatives must have and be given free access to the offices and places of business, files, safes and vaults of such persons.

3. The Commissioner may require the attendance of any person and examine him or her under oath regarding: (a) Any transaction or business regulated pursuant to the provisions of this chapter; or (b) The subject matter of any audit, examination, investigation or hearing.
Nev. Rev. Stat. § 657.230 — NV Code / Title 55 / Chapter 657 / Section 657.230
“Designated reporter” defined
Status: in_force

“ Designated reporter ” means a person designated by a financial institution to receive reports of known or suspected exploitation of an older person or vulnerable person pursuant to NRS 657.290 .
Nev. Rev. Stat. § 669A.085 — NV Code / Title 55 / Chapter 669A / Section 669A.085
“Interested person” defined
Status: in_force

“ Interested person ” means a person, other than the grantor of a trust, who is:

1. A person who would be a necessary party to a judicial proceeding involving a trust; or

2. An authorized representative pursuant to NRS 164.038 .
Nev. Rev. Stat. § 677.310 — NV Code / Title 55 / Chapter 677 / Section 677.310
Specified designation of branch offices by name or number required
Status: in_force

A licensee which maintains a branch office or branch offices shall give to each branch office maintained by it a specified designation by name or number and include in the designation the word “branch” or the word “office” and shall prominently display the designation at the place of business of the branch.
Nev. Rev. Stat. § 660.135 — NV Code / Title 55 / Chapter 660 / Section 660.135
“Automated teller” defined
Status: in_force

“Automated teller” means any electronic device which accepts or dispenses cash in connection with an account maintained in a financial institution or with another business. The term does not include a device used solely to guarantee the payment of a check or to authorize or verify the issuance of a check, or used in connection with the acceptance or dispensing of cash by one natural person to another.
Nev. Rev. Stat. § 673.301 — NV Code / Title 55 / Chapter 673 / Section 673.301
Savings bank may issue capital notes; voting rights of holders
Status: in_force

The power of a savings bank to borrow money and contract debts shall include the power to issue capital notes evidencing such borrowings and to subordinate the same to investment certificates and other liabilities. A savings bank may confer upon the holders of any capital notes, issued or to be issued by the savings bank, such rights to vote in the election of directors and on any other matters as shall be stated and expressed in the articles of incorporation, or in any amendment thereto.
Nev. Rev. Stat. § 666.002 — NV Code / Title 55 / Chapter 666 / Section 666.002
“Acquire” defined
Status: in_force

“Acquire” means:

1. Acquire control;

2. Acquire all or substantially all assets;

3. Assume all liabilities for deposits; or

4. Establish a new institution.
Nev. Rev. Stat. § 669.283 — NV Code / Title 55 / Chapter 669 / Section 669.283
Authority of Commissioner to investigate
Status: in_force

1. For the purpose of discovering violations of chapters 657 to 671, inclusive, of NRS or of securing information required under this chapter, the Commissioner or the Commissioner’s duly authorized representatives may at any time investigate the business and examine the books, accounts, papers and records used therein of: (a) Any licensee; (b) Any other person engaged in an activity for which a license is required pursuant to the provisions of this chapter; and (c) Any person that the Commissioner has reasonable cause to believe is violating or is about to violate any provision of this chapter, whether or not the person claims to be within the authority or beyond the scope of this chapter.

2. For the purpose of examination, the Commissioner or the Commissioner’s authorized representatives must have and be given free access to the offices and places of business, files, safes and vaults of such persons.

3. The Commissioner may require the attendance of any person and examine the person under oath regarding: (a) Any transaction or business regulated pursuant to the provisions of this chapter; or (b) The subject matter of any audit, examination, investigation or hearing.
Nev. Rev. Stat. § 665.175 — NV Code / Title 55 / Chapter 665 / Section 665.175
Removal of officer, director, manager or employee
Status: in_force

The Commissioner may require the immediate removal from office of any officer, director, manager or employee of any bank doing business under chapters 657 to 671, inclusive, of NRS who is found to be dishonest, incompetent or reckless in the management of the affairs of the bank, or who persistently violates the laws of this state or the lawful orders, instructions and regulations issued by the Commissioner.
Nev. Rev. Stat. § 669.120 — NV Code / Title 55 / Chapter 669 / Section 669.120
Certain provisions required in articles of incorporation or organization of domestic trust company; limitations on use of certain names by foreign trust company
Status: in_force

1. If a corporation or limited-liability company that is engaged in trust company business is organized under the laws of this state, the articles of incorporation or articles of organization must contain: (a) The name adopted by the trust company, which must be such as to distinguish it from any other trust company formed or incorporated in this state, or engaged in the business of a trust company in this state; and (b) The purpose for which it is formed.

2. The provisions of subsection 1 do not apply to a corporation or limited-liability company engaged in trust company business that is organized under the laws of another state, but it must use a name that distinguishes it from any other trust company organized as or conducting the business of a trust company in this state.
Nev. Rev. Stat. § 666.365 — NV Code / Title 55 / Chapter 666 / Section 666.365
Rights, powers and privileges of acquired, acquiring or resulting depository institution or holding company
Status: in_force

Any depository institution or holding company which is acquired pursuant to NRS 666.355 , the institution which acquired the depository institution or holding company pursuant to that section or the institution which results from a merger pursuant to that section has all rights, powers and privileges of any other depository institution in this state which is of the same class.
Nev. Rev. Stat. § 673.0054 — NV Code / Title 55 / Chapter 673 / Section 673.0054
“Commissioner” defined
Status: in_force

“Commissioner” means the Commissioner of Financial Institutions.
Nev. Rev. Stat. § 676A.450 — NV Code / Title 55 / Chapter 676A / Section 676A.450
Holder of certificate to register and maintain unique identifier; Commissioner authorized to issue certificate through Registry; references to Commissioner deemed references to Registry
Status: in_force

1. Each holder of a certificate of registration shall register with and maintain a valid unique identifier with the Registry.

2. The Commissioner may issue a certificate of registration through the Registry.

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

4. As used in this section, “ unique identifier ” means a number or other identifier assigned by the protocols established by the Registry.
Nev. Rev. Stat. § 666.006 — NV Code / Title 55 / Chapter 666 / Section 666.006
“Home state” defined
Status: in_force

“Home state” means:

1. For a state chartered depository institution, the state that charters the institution;

2. For a federally chartered institution, the state where the institution's main office is located; and

3. For a holding company, the state in which the total deposits of all of its subsidiaries are the largest.
Nev. Rev. Stat. § 666.415 — NV Code / Title 55 / Chapter 666 / Section 666.415
Waiver of federal limits on concentration of deposits
Status: in_force

To the extent authorized by federal law, the Commissioner may waive any applicable federal limit on concentration of deposits if the Commissioner finds that the waiver promotes the availability of financial services or is otherwise in the public interest. The Commissioner may, by regulation, establish standards for granting a waiver pursuant to this section and the procedure for requesting a waiver. In making a decision to waive such a federally imposed limit, the Commissioner shall apply a standard that does not discriminate in purpose or effect against out-of-state depository institutions.
Nev. Rev. Stat. § 659.095 — NV Code / Title 55 / Chapter 659 / Section 659.095
Examination of affairs of bank by Commissioner; issuance of certificate authorizing commencement of business
Status: in_force

1. Upon filing of the statement and proof by the banking corporation or company as required by NRS 659.085 , the Commissioner shall examine its affairs, ascertain especially the amount of the initial stockholders' or members' equity, the name and place of residence of each director, the amount of stock of which each is the owner in good faith or the amount of his or her contribution, and whether the banking corporation or company has complied with all the provisions of law required to entitle it to engage in business.

2. If upon the examination the Commissioner finds that the banking corporation or company is lawfully entitled to commence business, the Commissioner shall give to it a certificate signed by the Commissioner that it has complied with all the provisions of law required before commencing business and that it is authorized to commence business.
Nev. Rev. Stat. § 673.008 — NV Code / Title 55 / Chapter 673 / Section 673.008
“Foreign” defined
Status: in_force

“ Foreign ,” used in connection with an association, limited-liability company, corporation or other person organized for the purpose of conducting a banking business, means an association, limited-liability company, corporation or person organized for the purpose of conducting a banking business that is organized or incorporated under the laws of some government other than that of the State of Nevada. The term includes any savings association, savings and loan association or other depository institution that specializes in accepting deposits and making mortgage and other loans pursuant to its charter, which is organized under the laws of another state or the United States.
Nev. Rev. Stat. § 677.830 — NV Code / Title 55 / Chapter 677 / Section 677.830
Making loan or purchasing contract in violation of chapter
Status: in_force

A director, officer or employee of a licensee who concurs in any vote or act by which it is intended to make a loan or purchase a contract in violation of this chapter is guilty of a misdemeanor.
Nev. Rev. Stat. § 661.085 — NV Code / Title 55 / Chapter 661 / Section 661.085
Impaired stockholders' or members' equity: Duty of Commissioner to give notice; duty of officers and directors to require bank to make impairment good; power of Commissioner to take possession of bank
Status: in_force

1. If the stockholders' or members' equity of any bank has become impaired, the Commissioner shall notify the officers and directors of the bank to require the bank to make the impairment good within 3 months after receiving notice from the Commissioner.

2. The officers and directors of the bank who receive the notice shall immediately require the bank to make the impairment good.

3. If, within 3 months after the officers and directors of the bank receive the notice from the Commissioner, the bank fails to make the impairment good, the Commissioner may forthwith take possession of the property and business of the bank until its affairs are finally liquidated as provided by law.
Nev. Rev. Stat. § 670B.280 — NV Code / Title 55 / Chapter 670B / Section 670B.280
Commissioner required to report certain information or material to Nationwide Multistate Licensing System and Registry; confidentiality of information or material provided; Commissioner authorized 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 a license 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. § 673.3244 — NV Code / Title 55 / Chapter 673 / Section 673.3244
Loans to directors, officers, shareholders or company owned or controlled by savings bank
Status: in_force

No savings bank may make any loan to a director, officer or principal shareholder of the savings bank or any company owned or controlled by the savings bank if such a loan would be prohibited for a bank that is subject to 12 C.F.R. Part 215 , commonly known as Regulation O.
Nev. Rev. Stat. § 661.240 — NV Code / Title 55 / Chapter 661 / Section 661.240
Additional limitation on making distribution; definition
Status: in_force

1. No distribution may be made by a bank if the distribution would reduce its stockholders' or members' equity below its initial stockholders' or members' equity.

2. As used in this section, “distribution” means a direct or indirect transfer of money or property other than its own shares or interests or the incurrence of indebtedness by a corporation or limited-liability company to or for the benefit of its stockholders or members with respect to any of its shares or interests. A distribution may be in the form of a declaration or payment of a dividend, a purchase, redemption or other acquisition of shares or interests or a distribution of indebtedness, or in any other form.
Nev. Rev. Stat. § 666A.090 — NV Code / Title 55 / Chapter 666A / Section 666A.090
State branch or agency: Application and fee for license; limitation on licensing; withdrawal of application
Status: in_force

1. A foreign bank which desires to obtain a license under this chapter to establish and maintain a state branch or agency shall submit an application to the Commissioner pursuant to NRS 666.315 . The application must contain: (a) The same information as required by the Board of Governors of the Federal Reserve System for an application to establish a branch or agency, as the case may be, in the United States; and (b) The information required pursuant to NRS 666.315 , and must be accompanied by the fee required by that section.

2. A foreign bank which is licensed under this chapter to establish and maintain a state branch or agency may not concurrently maintain a federal branch or agency in this State. A foreign bank which maintains a federal branch or agency in this State may not concurrently be licensed under this chapter to maintain a state branch or agency.

3. 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 the applicant otherwise withdraws the 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. § 666A.120 — NV Code / Title 55 / Chapter 666A / Section 666A.120
State representative office: Application and fees for license; appointment of Commissioner as agent for service of process; regulations; withdrawal of application
Status: in_force

1. The application for a license to establish and maintain a state representative office must be made in writing under oath and be in such form and contain such information as the Commissioner may require. The application must be accompanied by a fee of not more than $400. A fee of not more than $200 must be paid annually to renew the license.

2. The Commissioner shall require a foreign bank to include as part of its application to establish and maintain a state representative office an instrument irrevocably appointing the Commissioner and the Commissioner’s successors in office to be the foreign bank's agent to receive service of any lawful process in any proceeding against the foreign bank or any of its successors which arises out of a transaction with its state representative office, with the same force and validity as if served on the foreign bank or its successor, as the case may be. The appointment must be in such form and contain such information as the Commissioner may require.

3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.

4. 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 the applicant otherwise withdraws the 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. § 672.010 — NV Code / Title 55 / Chapter 672 / Section 672.010
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 672.020 to 672.240 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 669.080 — NV Code / Title 55 / Chapter 669 / Section 669.080
Applicability of chapter
Status: in_force

1. This chapter does not apply to a person who: (a) Does business under the laws of this State, the United States or another state relating to banks, savings banks, savings and loan associations or thrift companies, but if the trust company business conducted in this State is not subject to supervision by a regulatory authority of another jurisdiction, the person must be licensed pursuant to this chapter before engaging in such business in this State; (b) Is appointed as a fiduciary pursuant to NRS 662.245 ; (c) Is acting in the performance of his or her duties as an attorney at law; (d) Acts as a trustee under a deed of trust; (e) Acts as a registered agent for a domestic or foreign corporation, limited-liability company, limited partnership or limited-liability partnership; (f) Acts as a trustee of a trust holding real property for the primary purpose of facilitating any transaction with respect to real estate if he or she is not regularly engaged in the business of acting as a trustee for such trusts; (g) Engages in the business of a collection agency pursuant to chapter 649 of NRS ; (h) Engages in the business of an escrow agency, escrow agent or escrow officer pursuant to the provisions of chapter 645A or 692A of NRS ; (i) Acts as a trustee of a trust created for charitable or nonprofit purposes if he or she is not regularly engaged in the business of acting as trustee for such trusts; (j) Receives money or other property as a real estate broker licensed under chapter 645 of NRS on behalf of a principal; (k) Engages in transactions as a broker-dealer or sales representative pursuant to chapter 90 of NRS; (l) Acts as a fiduciary under a court trust; (m) Does business as an insurer authorized to issue policies of life insurance and annuities or endowment contracts in this State and is subject to regulation and control of the Commissioner of Insurance; (n) Acts as a fiduciary as an individual; (o) Acts as a family trust company, unless the family trust company is licensed under this chapter. A family trust company which is not licensed under the provisions of this chapter shall be deemed not to be engaged in trust company business for the purposes of this chapter; or (p) Except as otherwise provided in chapter 669A of NRS , is a family trust company, as defined in NRS 669A.080 .

2. A bank, savings bank, savings and loan association or thrift company claiming an exemption from this chapter pursuant to paragraph (a) of subsection 1 must notify the Commissioner of Financial Institutions of its intention to engage in the business of a trust company in this State and present proof satisfactory to the Commissioner of Financial Institutions that its fiduciary activities in this State will be subject to regulation by another jurisdiction.
Nev. Rev. Stat. § 665.130 — NV Code / Title 55 / Chapter 665 / Section 665.130
Receipt and certification of reports; disclosure of information prohibited; exception
Status: in_force

The Commissioner shall receive and place on file in the Commissioner’s office all reports required by law and shall certify all reports required to be published. The reports filed with or prepared by the Division of Financial Institutions and other information obtained from a depository institution are not public records and may not be disclosed, except information concerning financial institutions which by specific statute is made generally available to the public.
Nev. Rev. Stat. § 667.035 — NV Code / Title 55 / Chapter 667 / Section 667.035
Federal Deposit Insurance Corporation may act as receiver or liquidator of closed bank having insured deposits; no bond required
Status: in_force

1. The Federal Deposit Insurance Corporation created by the Federal Deposit Insurance Act, 12 U.S.C. § 1811 , may act without bond as receiver or liquidator of any state bank which: (a) Has been closed because of inability to meet the demands of its depositors; or (b) Is insured by the Federal Deposit Insurance Corporation and has been taken possession of by the Commissioner pursuant to NRS 658.151 .

2. The appropriate state authority having the right to appoint a receiver or liquidator of a state bank may, upon such closing, tender to the Federal Deposit Insurance Corporation the appointment as receiver or liquidator of such bank. If the Federal Deposit Insurance Corporation accepts the appointment, it shall have and possess all the powers and privileges provided by the laws of this state with respect to a receiver or liquidator, respectively, of a state bank, its depositors and other creditors, and shall be subject to all the duties of such receiver or liquidator, except insofar as such powers, privileges or duties are in conflict with the provisions of the Federal Deposit Insurance Act.
Nev. Rev. Stat. § 675.168 — NV Code / Title 55 / Chapter 675 / Section 675.168
Additional materials required to be submitted to Registry
Status: in_force

1. In addition to any other requirements set forth by specific statute, each applicant for the issuance of a license and each owner, officer, director and responsible person of the applicant, each person in control of the applicant and any other person the Commissioner may require in accordance with guidelines of the Registry or other multistate agreements shall submit to the Registry: (a) A complete set of fingerprints for submission to the Federal Bureau of Investigation and any other governmental agency or entity authorized to receive such information for a state, national and international background check on the criminal history of the person; (b) Information concerning the personal history, financial history and experience of the person in a form prescribed by the Registry, including, without limitation, an authorization of the person for the Registry and the Commissioner to obtain: (1) An independent credit report and credit score from a consumer reporting agency described in section 603(f) of the Fair Credit Reporting Act, 15 U.S.C. § 1681a(f) , for the purpose of evaluating the financial responsibility of the person at the time of the submission of the application; and (2) Additional independent credit reports and credit scores to confirm that the applicant continues to comply with any applicable requirements concerning financial responsibility; (c) Information related to any administrative, civil or criminal findings made by any governmental jurisdiction concerning the person; and (d) Any other information concerning the person that the Registry or Commissioner may require.

2. As used in this section: (a) “ Control ” has the meaning ascribed to it in NRS 682A.047 . (b) “ Responsible person ” means a person who is employed by an applicant and who has principal, active managerial authority over the provision of services in this State.
Nev. Rev. Stat. § 672.360 — NV Code / Title 55 / Chapter 672 / Section 672.360
Board of directors: Responsibilities; meetings; executive committee
Status: in_force

1. The board of directors is responsible for the general direction of the affairs, funds and records of the credit union and shall meet as often as necessary to accomplish their duties, but not less than once a month.

2. The board may appoint an executive committee of not less than three directors who may be authorized, by a majority vote of the whole board, to act for the board subject to any conditions or limitations the board may prescribe.
Nev. Rev. Stat. § 662.101 — NV Code / Title 55 / Chapter 662 / Section 662.101
Investments in loans to finance interests in cooperative housing corporations
Status: in_force

1. A bank may make or invest in a loan to finance a borrower's interest in or to refinance the borrower’s existing interest in a cooperative housing corporation if the loan is secured by: (a) A first security interest in stock or a certificate of membership in the cooperative housing corporation; and (b) An assignment of or lien on the borrower's interest in the lease or other right of tenancy to a dwelling unit of the cooperative housing corporation.

2. For purposes of this chapter, the interest in a cooperative housing corporation which is encumbered by a security interest shall be deemed to be real property, and any loan made pursuant to subsection 1 shall be deemed to be a loan secured by a mortgage on real property.

3. As used in subsection 1, “cooperative housing corporation” means a corporation organized under the laws of this 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. § 677.065 — NV Code / Title 55 / Chapter 677 / Section 677.065
“Commissioner” defined
Status: in_force

“Commissioner” means the Commissioner of Financial Institutions.
Nev. Rev. Stat. § 657.040 — NV Code / Title 55 / Chapter 657 / Section 657.040
“Division of Financial Institutions” defined
Status: in_force

“Division of Financial Institutions” means the Division of Financial Institutions of the Department of Business and Industry.
Nev. Rev. Stat. § 672.343 — NV Code / Title 55 / Chapter 672 / Section 672.343
Application for certificate of authority: Filing; form; contents; withdrawal of application
Status: in_force

Each application for an initial certificate of authority submitted by a foreign credit union must be filed with the Commissioner on a form prescribed by him or her and must include:

1. A copy of the instrument or authority by which the credit union was created and a copy of its bylaws.

2. A statement of its membership, if not contained in its bylaws.

3. A copy of the most recent report submitted by the credit union to the authorized officer of the state in which it was organized.

4. Any other information required by the Commissioner.

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 the applicant otherwise withdraws the 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. § 660.050 — NV Code / Title 55 / Chapter 660 / Section 660.050
Authority to operate; terminal is not branch office
Status: in_force

1. A financial institution may operate one or more electronic terminals in this State.

2. For the purposes of NRS 660.045 to 660.105 , inclusive, and this title, an electronic terminal is not a branch office of a financial institution organized under the provisions of this title.
Nev. Rev. Stat. § 666.007 — NV Code / Title 55 / Chapter 666 / Section 666.007
“Host state” defined
Status: in_force

“Host state” means:

1. For a depository institution, a state, other than the institution's home state, where the institution maintains or seeks to establish a branch; and

2. For a holding company, a state, other than the holding company's home state, where the holding company controls or seeks to control a depository institution as a subsidiary.
Nev. Rev. Stat. § 676A.290 — NV Code / Title 55 / Chapter 676A / Section 676A.290
Relation to Electronic Signatures in Global and National Commerce Act
Status: in_force

This chapter modifies, limits and supersedes the federal Electronic Signatures in Global and National Commerce Act, 15 U.S.C. §§ 7001 et seq., but does not modify, limit or supersede section 101(c) of that act, 15 U.S.C. § 7001(c) , or authorize electronic delivery of any of the notices described in section 103(b) of that act, 15 U.S.C. § 7003(b) .
Nev. Rev. Stat. § 673.0057 — NV Code / Title 55 / Chapter 673 / Section 673.0057
“Deposit” defined
Status: in_force

“ Deposit ” means that part of the liability of a savings bank which is credited to the account of the holder thereof and is eligible to be insured by the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 671.008 — NV Code / Title 55 / Chapter 671 / Section 671.008
“Eligible rating service” defined
Status: in_force

“ Eligible rating service ” means any nationally recognized statistical rating organization, as defined in 15 U.S.C. § 78c , or any other organization designated by the Commissioner.
Nev. Rev. Stat. § 668.015 — NV Code / Title 55 / Chapter 668 / Section 668.015
False or deceptive financial statements: Criminal penalty; liability for damages; removal from office
Status: in_force

Every president, director, manager, cashier or other officer or employee of any bank who knowingly prepares, signs, approves or concurs in any account, statement, return, report or document respecting the affairs of the bank, containing any false or deceptive statement, or any return or report required by chapters 657 to 671, inclusive, of NRS which does not set forth the true financial condition of the bank, including in the report or return all the information required by the provisions of chapters 657 to 671, inclusive, of NRS, is:

1. Guilty of a category D felony and shall be punished as provided in NRS 193.130 .

2. Liable for all damages which the bank, its stockholders, creditors or depositors suffer in consequence thereof, and is subject to removal upon order of the Commissioner.
Nev. Rev. Stat. § 672.061 — NV Code / Title 55 / Chapter 672 / Section 672.061
“Commissioner” defined
Status: in_force

“Commissioner” means the Commissioner of Financial Institutions.
Nev. Rev. Stat. § 657.170 — NV Code / Title 55 / Chapter 657 / Section 657.170
“License” defined
Status: in_force

“ License ” means any license, certificate, registration, permit or similar type of authorization.
Nev. Rev. Stat. § 658.091 — NV Code / Title 55 / Chapter 658 / Section 658.091
Deposit, use and disposition of money; Commissioner to administer account
Status: in_force

1. Except as otherwise provided by law, any money appropriated to the Commissioner or the Division of Financial Institutions and any money collected by the Commissioner or Division pursuant to law: (a) Must be deposited in the State Treasury and accounted for separately in the State General Fund; and (b) May only be used to: (1) Carry out the programs and laws administered by the Commissioner and the Division; and (2) Pay the expenses related to the operations of the Commissioner and the Division.

2. Except as otherwise provided by law, any money that remains in the account at the end of the fiscal year does not revert to the State General Fund, and the balance of the account must be carried forward to the next fiscal year.

3. The Commissioner shall administer the account. Any interest or income earned on the money in the account must be credited to the account, after deducting any applicable charges. Any claims against the account must be paid as other claims against the State are paid.
Nev. Rev. Stat. § 677.245 — NV Code / Title 55 / Chapter 677 / Section 677.245
Limitation on investment in real property; recording deed or other document; subsidiary ledger or other appropriate record
Status: in_force

1. Unless the licensee has received a written waiver from the Commissioner, the total amount of money that the licensee has advanced or committed for the real property that it has developed or constructed may not exceed twice the sum of its stockholders' equity and any other reserves required by the Commissioner.

2. If a licensee acquires title to any real property pursuant to the provisions of subsection 1 of NRS 677.630 , the deed or other document representing the transaction must be recorded within a reasonable time after the acquisition of that property.

3. An account must be established for the acquired property with a separate subsidiary ledger or other appropriate record. The amount carried in the account must be the sum of the unpaid principal balance of any loan made by the licensee that was secured by the foreclosed property plus the cost of the foreclosure less any advance payments held in the account for loans in progress at the time of acquisition, together with: (a) Any amount paid after acquisition for taxes on the property that accrued before the acquisition; (b) Assessments that are due or delinquent at the time of acquisition; (c) Any other costs of acquisition; and (d) The cost of insurance on the property.

4. The subsidiary ledger or other appropriate record must indicate as to each property: (a) The type and character of the property; (b) All the capitalized items of investment and their cost; and (c) The account number of the former loan or contract of sale.
Nev. Rev. Stat. § 669.115 — NV Code / Title 55 / Chapter 669 / Section 669.115
Retail trust company required to have quarterly meetings
Status: in_force

The Commissioner may direct that the board of directors or managers of a retail trust company meet at least quarterly in regular meetings to review the books, records, funds and securities held by the retail trust company in its individual and fiduciary capacities and maintain a written record of those meetings for review by the Division.
Nev. Rev. Stat. § 666.075 — NV Code / Title 55 / Chapter 666 / Section 666.075
Rebuttable presumption against control of bank; certain legal relationships and companies deemed not to be bank holding companies
Status: in_force

1. There is a rebuttable presumption that a company which directly or indirectly owns, controls or has the power to vote less than 10 percent of the voting stock of, or members' interests in, a bank does not control the bank.

2. An estate, trust, guardianship or conservatorship is not by virtue of its ownership or control of stock of, or members' interests in, a bank, a bank holding company unless it is: (a) A business trust; or (b) A voting trust which by its terms or by law does not expire within 10 years after the date of its establishment.

3. A company is not a bank holding company by virtue of its ownership or control of stock or a member's interest which: (a) Was acquired in the ordinary course of securing or collecting a debt which the company previously contracted in good faith; and (b) Is held only as long as is necessary to sell the stock on a reasonable basis.
Nev. Rev. Stat. § 660.175 — NV Code / Title 55 / Chapter 660 / Section 660.175
“Device for access” defined
Status: in_force

“Device for access” means a card, code or other means of access to a customer's account, or any combination of these, which may be used to accomplish the deposit or withdrawal of cash.
Nev. Rev. Stat. § 657A.210 — NV Code / Title 55 / Chapter 657A / Section 657A.210
Regulations
Status: in_force

1. The Director shall, in consultation with the Consumer's Advocate of the Bureau of Consumer Protection in the Office of the Attorney General and the applicable regulator, adopt regulations that establish protections for consumers of financial products or services provided through the Program.

2. The Director may adopt such other regulations as he or she deems necessary to carry out the provisions of this chapter.
Nev. Rev. Stat. § 671.125 — NV Code / Title 55 / Chapter 671 / Section 671.125
Permissible investments: Duty of licensee to maintain; amount; establishment and termination of statutory trust; powers and duties of Commissioner
Status: in_force

1. A licensee shall maintain at all times permissible investments that have a market value computed in accordance with generally accepted accounting principles in the United States of not less than the aggregate amount of all of the outstanding money transmission obligations of the licensee.

2. Except for the permissible investments specified in subsection 1 of NRS 671.135 , the Commissioner, with respect to any licensee, may limit the extent to which a specific investment maintained by a licensee within a class of permissible investments may be considered a permissible investment if the specific investment represents an undue risk to customers not reflected in the market value of investments.

3. Permissible investments, even if commingled with other assets of the licensee, are held in trust for the benefit of the purchasers and holders of the outstanding money transmission obligations of the licensee if any of the following occurs: (a) Insolvency; (b) The filing of a petition by or against the licensee pursuant to the provisions of United States Bankruptcy Code for bankruptcy or reorganization; (c) The filing of a petition by or against the licensee for receivership; (d) The commencement of any other judicial or administrative proceeding for the dissolution or reorganization of the licensee; or (e) An action against the licensee by a creditor who is not a beneficiary of this statutory trust.

4. A permissible investment impressed with a trust pursuant to subsection 3 is not subject to attachment, levy of execution or sequestration by order of any court, except for a beneficiary of the statutory trust.

5. Upon the establishment of a statutory trust pursuant to subsection 3 or when any money is drawn on a letter of credit pursuant to NRS 671.145 , the Commissioner shall notify the applicable regulator of each other state in which the licensee is licensed to engage in money transmission, if any, of the establishment of the trust or the money drawn on the letter of credit. The notice shall be deemed satisfied if performed pursuant to a multistate agreement or through the Registry.

6. Money drawn on a letter of credit, and any other permissible investments held in trust for the benefit of the purchasers or holders of the outstanding money transmission obligations of the licensee pursuant to subsection 3, are deemed held in trust for the benefit of such purchasers and holders on a pro rata and equitable basis in accordance with statutes pursuant to which permissible investments are required to be held in this State and other states, as applicable. Any statutory trust established pursuant to subsection 3 is terminated upon extinguishment of all of the outstanding money transmission obligations of the licensee.

7. The Commissioner may allow types of investments other than the types specified in NRS 671.135 that the Commissioner determines are of sufficient liquidity and quality to be a permissible investment. The Commissioner may participate in efforts with other state regulators to determine that other types of investments are of sufficient liquidity and quality to be a permissible investment.
Nev. Rev. Stat. § 672.410 — NV Code / Title 55 / Chapter 672 / Section 672.410
Removal of director, officer or employee on objection of Commissioner
Status: in_force

If the Commissioner notifies the board in writing that he or she has information that any director, officer or employee of a credit union is failing in the performance of his or her duties, the board shall meet and consider such matter forthwith. The Commissioner must have notice of the time and place of the meeting. If the board of directors finds the Commissioner's objection to be well founded, such director, officer or employee shall be removed immediately.
Nev. Rev. Stat. § 673.680 — NV Code / Title 55 / Chapter 673 / Section 673.680
Verified copy of minutes as presumptive evidence of holding meeting and action taken
Status: in_force

The verified copies of the minutes of the meeting, when filed as required by NRS 673.670 , shall be presumptive evidence of the holding and action of such meeting.
Nev. Rev. Stat. § 677.175 — NV Code / Title 55 / Chapter 677 / Section 677.175
Additional bond
Status: in_force

If the Commissioner finds that a bond filed pursuant to NRS 677.170 is not sufficient to protect the interests of the public, he or she shall require the applicant to deposit an additional bond.
Nev. Rev. Stat. § 673.597 — NV Code / Title 55 / Chapter 673 / Section 673.597
Conflict of laws; report to Commissioner of forbidden course or act
Status: in_force

1. If any savings bank, association, company or corporation organized or incorporated under the laws of any governing body other than the State of Nevada is doing business in this state under the provisions of this chapter, and the laws of the other governing body conflict with any of the provisions of this chapter, the provisions of the laws of this governing body prevail as to each conflict.

2. Whenever any foreign organization follows a course or performs any act which is forbidden to any domestic organization under the terms of this chapter, it shall report to the Commissioner all of the facts relating thereto.
Nev. Rev. Stat. § 677.545 — NV Code / Title 55 / Chapter 677 / Section 677.545
Taking possession of business by Commissioner: Acquisition by or merger with another institution
Status: in_force

1. Except as limited by subsection 2, if the Commissioner has taken possession of the property and business of a corporation licensed under this chapter pursuant to NRS 677.540 , or a receiver, other than the State, has been appointed for and taken possession of the property and business of a corporation, the Commissioner may solicit offers from and authorize or require the acquisition of the corporation by or its merger with another institution or company in the following order of priority: (a) A corporation which is licensed pursuant to this chapter. (b) Any other depository institution licensed under the laws of this state or of the United States if its principal office is located in this state, including institutions whose parent corporation has offices or operations in other states. (c) A bank, savings and loan association, savings bank or thrift company, or its parent corporation, licensed pursuant to the laws of the United States or of another state, whose operations are principally conducted within the state of Alaska, Arizona, Colorado, Hawaii, Idaho, Montana, New Mexico, Oregon, Utah, Washington or Wyoming. (d) A bank, savings and loan association, savings bank or thrift company, or its parent corporation, licensed pursuant to the laws of the United States or of another state, whether or not its principal place of business is in another state. The Commissioner shall solicit written offers from all eligible institutions, regardless of the order of priority established by this subsection, and wait at least 30 days after solicitation before selecting the institution to be approved.

2. The selection of an institution must be made in accordance with the order of priority established in subsection 1 only if a selection affords the greatest financial recovery by the corporation's depositors of all offers received. The Commissioner may not accept any offer which affords the corporation's depositors a smaller financial recovery than they would receive if the corporation were liquidated. If the Commissioner receives one or more acceptable offers he or she may negotiate with the institutions submitting acceptable offers, following that order of priority, and accept that offer which would afford the greatest financial recovery by the corporation's depositors.
Nev. Rev. Stat. § 671.245 — NV Code / Title 55 / Chapter 671 / Section 671.245
Money or credit received for transmission required to be forwarded in accordance with agreement between licensee and sender; licensee required to respond to inquiries upon failure to forward; exceptions
Status: in_force

1. A licensee shall forward all money or credits received for transmission in accordance with the terms of the agreement between the licensee and the sender unless the licensee has a reasonable belief or a reasonable basis to believe that the sender may be a victim of fraud or that a crime or violation of law, rule or regulation has occurred, is occurring or may occur.

2. If a licensee fails to forward money or credits received for transmission in accordance with this section, the licensee must respond to inquiries by the sender with the reason for the failure unless providing a response would violate a state or federal law, rule or regulation.
Nev. Rev. Stat. § 673.450 — NV Code / Title 55 / Chapter 673 / Section 673.450
Hearings, investigations and examinations by Commissioner; confidentiality of examination reports and certain other information; powers of Commissioner; biennial examination required
Status: in_force

1. The Commissioner may conduct or cause to be conducted such hearings, investigations or examinations of the books and records, wherever they may be, relating to the affairs of such organizations as he or she may deem expedient and in aid of the proper administration of the provisions of this chapter.

2. Except as otherwise provided in NRS 673.480 , all examination reports and all information obtained by the Commissioner in conducting hearings, investigations or examinations under the provisions of this chapter, including all related correspondence and memoranda, and information obtained by the Commissioner from other state or federal bank regulatory authorities with whom the Commissioner has entered into agreements for the confidential sharing of such information, and information obtained by the Commissioner relating to the examination and supervision of any corporation which is an affiliate of a savings bank is confidential and privileged information and must not be made public or otherwise disclosed to any person, firm, corporation, agency, association, governmental body, court or other entity.

3. Any information submitted by a person to the Commissioner for any purpose under this chapter shall not be construed as waiving, destroying or otherwise affecting any privilege such person may claim with respect to such information under federal or state law as to any person or entity other than the Commissioner.

4. In connection with the conduct of any hearing, investigation or examination, the Commissioner or other person designated by him or her to conduct it may: (a) Compel the attendance of any person by subpoena. (b) Administer oaths. (c) Examine any person under oath concerning the business and conduct of affairs of any savings bank subject to the provisions of this chapter, and require the production of any books, papers, records, money and securities relevant to the inquiry. Any willful false swearing is perjury and is punishable as such.

5. The Commissioner shall conduct at least once every 2 years an examination of the books and records of each savings bank licensed under this chapter.
Nev. Rev. Stat. § 672.775 — NV Code / Title 55 / Chapter 672 / Section 672.775
“Reasonable cause to believe” defined
Status: in_force

“ Reasonable cause to believe ” has the meaning ascribed to it in NRS 200.50925 .
Nev. Rev. Stat. § 676A.590 — NV Code / Title 55 / Chapter 676A / Section 676A.590
Voluntary contributions: Restrictions
Status: in_force

A provider may not solicit a voluntary contribution from an individual or an affiliate of the individual for any service provided to the individual. A provider may accept voluntary contributions from an individual but, until 30 days after completion or termination of a plan, the aggregate amount of money received from or on behalf of the individual may not exceed the total amount the provider may charge the individual under NRS 676A.580 .
Nev. Rev. Stat. § 657A.120 — NV Code / Title 55 / Chapter 657A / Section 657A.120
“Consumer” defined
Status: in_force

“ Consumer ” means any person who purchases or otherwise enters into a transaction or agreement to receive a financial product or service.
Nev. Rev. Stat. § 677.850 — NV Code / Title 55 / Chapter 677 / Section 677.850
Accepting deposits with knowledge of insolvency of company or violation of chapter
Status: in_force

Each officer or employee of any company who accepts deposits knowing:

1. That the company is insolvent; or

2. That the acceptance violates any provision of this chapter or any order or regulation of the Commissioner,

is guilty of a category D felony and shall be punished as provided in NRS 193.130 .
Nev. Rev. Stat. § 672.110 — NV Code / Title 55 / Chapter 672 / Section 672.110
“Director” defined
Status: in_force

“Director” means the Director of the Department.
Nev. Rev. Stat. § 677.247 — NV Code / Title 55 / Chapter 677 / Section 677.247
Applicant required to obtain insurance of deposits; regulations
Status: in_force

1. An applicant for an authorization to engage in the business regulated pursuant to this chapter must obtain: (a) The insurance of deposits provided pursuant to the provisions of the Federal Deposit Insurance Act, 12 U.S.C. §§ 1811 et seq. ; (b) The insurance of deposits provided pursuant to the provisions of the National Housing Act, 12 U.S.C. §§ 1701 to 1743 , inclusive; or (c) A contract for the insurance of deposits that is issued by a private insurer and approved by the Commissioner and the Commissioner of Insurance.

2. The Commissioner shall adopt regulations prescribing the requirements that must be complied with before a contract issued pursuant to paragraph (c) of subsection 1 will be approved by the Commissioner.
Nev. Rev. Stat. § 676A.420 — NV Code / Title 55 / Chapter 676A / Section 676A.420
Submission and processing of fingerprints
Status: in_force

1. The Commissioner may require an applicant for or holder of a certificate of registration to submit a complete set of fingerprints when the Commissioner determines necessary.

2. The Commissioner may use the services of the Registry to process and to submit the fingerprints to the Federal Bureau of Investigation, to the Central Repository for Nevada Records of Criminal History, to any federal or state law enforcement agency or to any other entity authorized to receive such information for the purpose of conducting a background check of the criminal history of an applicant for or holder of a certificate of registration.
Nev. Rev. Stat. § 677.683 — NV Code / Title 55 / Chapter 677 / Section 677.683
“Exploitation” defined
Status: in_force

“ Exploitation ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 662.025 — NV Code / Title 55 / Chapter 662 / Section 662.025
Power to participate in Federal Deposit Insurance Corporation
Status: in_force

Subject to the approval of the Commissioner, and on the authority of a majority of its managers or board of directors, a bank may:

1. Enter into such contracts, incur such obligations and generally do and perform any or all such acts and things whatsoever as may be necessary or appropriate in order to take advantage of any or all memberships, loans, subscriptions, contracts, grants, rights or privileges which may at any time be available to inure to banking institutions, or to their depositors, creditors, stockholders, members, conservators, receivers or liquidators, by virtue of those provisions of the Federal Deposit Insurance Act, 12 U.S.C. §§ 1811 - 1831 , which creates the Federal Deposit Insurance Corporation and provides for the insurance of deposits, or of any other provisions of that or any other act or resolution of the Congress to aid, regulate or safeguard banking institutions and their depositors, including any amendments to such acts, laws or resolutions or substitutions therefor.

2. Subscribe for and acquire any stock, debentures, bonds or other types of securities of the Federal Deposit Insurance Corporation and shall comply with the lawful regulations and requirements from time to time issued or made by the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 672.3435 — NV Code / Title 55 / Chapter 672 / Section 672.3435
Fee for initial investigation; annual fees; costs for additional investigations; regulations
Status: in_force

1. The Commissioner shall charge and collect a fee of not more than $1,000 for an initial investigation from each foreign credit union which applies for certification. The fee is not refundable. An annual fee of not more than $1,000 must be paid by each foreign credit union for its initial office and not more than $200 for each branch office. Costs for additional examinations and investigations must be paid by the credit union to the Commissioner 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 by regulation determine the amount of the fees required pursuant to this section.
Nev. Rev. Stat. § 677.320 — NV Code / Title 55 / Chapter 677 / Section 677.320
Closing or discontinuance of branch office
Status: in_force

1. With the prior written approval of the Commissioner, a licensee may close or discontinue the operation of any branch office if public notice thereof is given in such manner as the Commissioner directs at least 30 days before the date of closing or discontinuance.

2. After a branch office has been closed or discontinued it may not be reopened without the approval of the Commissioner.
Nev. Rev. Stat. § 657A.310 — NV Code / Title 55 / Chapter 657A / Section 657A.310
Limitations on transactions
Status: in_force

1. Except as otherwise provided in subsection 2, in addition to complying with any other applicable requirements and limitations, a participant who is testing a financial product or service within the scope of the Program for which a license is otherwise required pursuant to chapter 671 of NRS shall not receive for transmission or transmit during the period of testing: (a) More than $2,500 in any single transaction for a consumer. (b) More than $25,000 in any series of transactions for a consumer.

2. If the Director approves a request for relief by a participant pursuant to NRS 657A.320 , the participant shall not receive for transmission or transmit during the period of testing: (a) More than $15,000 in any single transaction for a consumer. (b) More than $50,000 in any series of transactions for a consumer.
Nev. Rev. Stat. § 672.040 — NV Code / Title 55 / Chapter 672 / Section 672.040
“Board” defined
Status: in_force

“Board” means the board of directors of a credit union formed pursuant to the provisions of this chapter.
Nev. Rev. Stat. § 677.060 — NV Code / Title 55 / Chapter 677 / Section 677.060
“Charges” defined
Status: in_force

“Charges” include:

1. The aggregate interest, fees, bonuses, commissions, brokerage, discounts, expenses and other forms of costs charged, contracted for or received by a licensee or any other person in connection with the investigating, arranging, negotiating, procuring, guaranteeing, making, servicing, collecting or enforcing of a loan, or for forbearance of money, credit, goods, things in action or any other service or services rendered; and

2. Any profit or advantage of any kind that any person may contract for, collect, receive or in any manner obtain by a collateral sale, purchase or agreement in connection with negotiating, making or otherwise in connection with any loan, except commissions received on insurance sold.
Nev. Rev. Stat. § 669A.220 — NV Code / Title 55 / Chapter 669A / Section 669A.220
Powers of family trust companies; banking business prohibited
Status: in_force

1. A family trust company may, but only for family members: (a) Act as a fiduciary within and outside this State as permitted by law and as consistent with the trust or will. (b) Act within and outside this State as advisory agent, agent, assignee, assignee for the benefit of creditors, attorney-in-fact, authenticating agent, bailee, bond or indenture trustee, conservator, conversion agent, curator, custodian, escrow agent, exchange agent, fiscal or paying agent, financial advisor, investment advisor, investment manager, managing agent, purchase agent, receiver, registrar, safekeeping agent, subscription agent, transfer agent except for public companies, warrant agent, or in similar capacities generally performed by corporate trustees, and in so acting to possess, purchase, sell, invest, reinvest, safekeep or otherwise manage or administer real or personal property of other persons. (c) Exercise the powers of a business corporation or a limited-liability company organized or qualified as a foreign corporation or a limited-liability company under the laws of this State and any incidental powers that are reasonably necessary to enable it to fully exercise, in accordance with commonly accepted customs and usages, a power conferred in this chapter. (d) Do and perform all acts necessary or incidental to exercise the powers enumerated in this section or authorized by this chapter and any other applicable laws of this State.

2. A family trust company shall not engage in any: (a) Banking with the public; or (b) Trust company business with the public unless licensed pursuant to chapter 669 of NRS .
Nev. Rev. Stat. § 672.100 — NV Code / Title 55 / Chapter 672 / Section 672.100
“Deposits” defined
Status: in_force

“Deposits” means that part of the savings liability of a credit union which is credited to the account of the holder thereof.
Nev. Rev. Stat. § 670B.480 — NV Code / Title 55 / Chapter 670B / Section 670B.480
Restrictions on acceleration of payments on private education loan and placement of loan or account into default; prohibited acts upon death or bankruptcy of consigner
Status: in_force

1. A private education loan made on or after January 1, 2024, may not include a provision that allows the private education lender to accelerate, in whole or in part, payments on the private education loan, except in cases of payment default. A private education lender shall not place any loan or account into default or accelerate a loan for any reason, other than for payment default.

2. A private education loan made before January 1, 2024, may permit the private education lender to accelerate payments only if the promissory note or loan agreement explicitly authorizes an acceleration and only for the reasons stated in the note or agreement.

3. In the event of the death or bankruptcy of a cosigner: (a) The private education lender shall not attempt to collect against the cosigner's estate or bankruptcy estate, other than for payment default. (b) Upon receiving notification of the death or bankruptcy of a cosigner, when the private education loan is not more than 60 days delinquent at the time of the notification, the private education lender shall not change any terms or benefits under the promissory note, repayment schedule, repayment terms or monthly payment amount or any other provision associated with the loan.

4. A private education lender shall not place any private education loan or account into default or accelerate a private education loan while a private education loan borrower is seeking a loan modification or enrollment in a flexible repayment plan, except that a private education lender may place a loan or account into default or accelerate a loan for payment default 90 days following the private education loan borrower's default.
Nev. Rev. Stat. § 663.055 — NV Code / Title 55 / Chapter 663 / Section 663.055
Unlawful to receive deposit after revocation of authority to transact banking business
Status: in_force

Any bank or credit union or officer of any bank or credit union whose authority to transact a banking business has been revoked as provided in this title, receiving any deposit of whatever nature after such revocation, shall be subject to the same penalty as provided in this title for those who transact a banking business without authority.
Nev. Rev. Stat. § 673.373 — NV Code / Title 55 / Chapter 673 / Section 673.373
Notice of overdue rental; opening of box; retention of contents in general vaults; delivery of contents to State Treasurer
Status: in_force

1. If the rental due on a safe-deposit box has not been paid for 90 days, the lessor may send a notice by registered or certified mail to the last known address of the lessee stating that the safe-deposit box will be opened and its contents stored at the expense of the lessee unless payment of the rental is made within 30 days. If the rental is not paid within 30 days after the mailing of the notice, the box may be opened in the presence of any officer of the lessor and a notary public. The contents must be sealed in a package by the notary public, who shall write on the outside the name of the lessee and the date of the opening of the box in the presence of the officer. The notary public and the officer shall execute a certificate reciting the name of the lessee, the date of the opening of the box and a list of its contents. The certificate must be included in the package, and a copy of the certificate must be sent by registered or certified mail to the last known address of the lessee. If the contents of the safe-deposit box have been unclaimed by the owner for 3 years or less, the package must then be placed in the general vaults of the lessor at a rental not exceeding the rental previously charged for the box, until such time that the contents will have been unclaimed by the owner for more than 3 years, at which time the lessor shall deliver the package to the State Treasurer in his or her capacity as the Administrator of Unclaimed Property pursuant to the provisions of chapter 120A of NRS .

2. If the contents of a safe-deposit box that has been opened pursuant to subsection 1 have been unclaimed by the owner for more than 3 years, the lessor shall deliver the package to the State Treasurer in his or her capacity as the Administrator of Unclaimed Property pursuant to the provisions of chapter 120A of NRS .
Nev. Rev. Stat. § 677.270 — NV Code / Title 55 / Chapter 677 / Section 677.270
Requisites for approval of application; notice of approval or denial
Status: in_force

1. The Commissioner shall not approve an application for a branch office until he or she has ascertained to his or her satisfaction that the facts set forth in the application are true and: (a) That public convenience and advantage will be promoted by the establishment of the proposed branch office. (b) That the licensee has the stockholders' equity required by this chapter.

2. The Commissioner must give his or her approval or denial for an application for a branch office to the licensee within 45 days after the date of application to open a branch office unless the Commissioner gives notice within the original 45-day period that he or she is extending the period for decision for a period not to exceed an additional 45 days.
Nev. Rev. Stat. § 661.015 — NV Code / Title 55 / Chapter 661 / Section 661.015
Organization: Minimum initial stockholders' or members' equity required; insurance of deposit accounts by Federal Deposit Insurance Corporation
Status: in_force

No bank may be:

1. Organized unless its initial stockholders' or members' equity is $300,000 or more, or such greater amount as may be required by the Commissioner. The full amount of the initial stockholders' or members' equity of any bank must be paid in cash, exclusive of all organization expenses, except as otherwise provided in chapters 657 to 671, inclusive, of NRS, before it may be authorized to commence the business of banking.

2. Organized or authorized to do banking or banking and trust business unless its deposit accounts are insured by the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 671.295 — NV Code / Title 55 / Chapter 671 / Section 671.295
Filing of reports required by Bank Secrecy Act and other laws pertaining to money laundering
Status: in_force

A licensee and an authorized delegate shall file all reports required by reporting requirements relating to federal currency reporting, recordkeeping and suspicious activity reporting as set forth in the Bank Secrecy Act and other federal and state laws pertaining to money laundering. A licensee and an authorized delegate who timely files with the appropriate federal agency a report required pursuant to this section that is complete and accurate shall be deemed to comply with the requirements of this section.
Nev. Rev. Stat. § 673.773 — NV Code / Title 55 / Chapter 673 / Section 673.773
Definitions
Status: in_force

As used in NRS 673.773 to 673.807 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 673.777 to 673.797 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 669.065 — NV Code / Title 55 / Chapter 669 / Section 669.065
“Retail trust company” defined
Status: in_force

“ Retail trust company ” means an entity which is licensed under this chapter.
Nev. Rev. Stat. § 669.201 — NV Code / Title 55 / Chapter 669 / Section 669.201
Definitions
Status: in_force

As used in NRS 669.201 to 669.209 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 669.2015 to 669.204 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 673.055 — NV Code / Title 55 / Chapter 673 / Section 673.055
Savings associations automatically converted into savings banks; issuance by Commissioner of savings bank charters to converted entities; rights, powers, privileges, immunities and exceptions provided to converted entities
Status: in_force

1. Every savings association chartered under the laws of this State in existence on June 3, 2017, is automatically converted, by operation of law, into a savings bank licensed under the laws of this State. The Commissioner shall issue a savings bank charter to each such entity immediately after June 3, 2017.

2. Every savings bank that is converted from a savings association pursuant to subsection 1 shall have all of the rights, powers, privileges, immunities and exceptions provided by this chapter to a savings bank.
Nev. Rev. Stat. § 672.275 — NV Code / Title 55 / Chapter 672 / Section 672.275
Certain relationships between employee of Division of Financial Institutions and licensee prohibited; termination of prohibited relationship
Status: in_force

1. Except as provided in subsections 3 and 4, 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 credit union chartered by this state; (b) Receive, directly or indirectly, any payment from any such credit union; (c) Be indebted to any state credit union; (d) Engage in the negotiation of loans for others with any such credit union; or (e) Obtain credit or services from a state credit union 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 state credit union while in office.

3. Any officer or employee of the Division of Financial Institutions may be indebted to a credit union on the same terms as are available to the public generally upon: (a) A mortgage loan on his or her own real property. (b) A secured installment debt. (c) An unsecured debt.

4. Any officer or employee of the Division of Financial Institutions may establish and maintain savings deposits or share accounts with credit unions to the greatest amount insured, receive interest on those deposits or shares and borrow money secured by a pledge of those deposits or shares.

5. 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. § 675.300 — NV Code / Title 55 / Chapter 675 / Section 675.300
Insurance as security for loans: Conditions; limitations
Status: in_force

1. A licensee may request that a borrower insure tangible property when offered as security for a loan under this chapter against any substantial risk of loss, damage or destruction for an amount not to exceed the actual value of the property and for a term and upon conditions which are reasonable and appropriate considering the nature of the property and the maturity and other circumstances of the loan.

2. A licensee may require that a borrower provide title insurance on real property offered as security for a loan under this chapter. The title insurance must be placed through a title insurance company authorized to do business in this state.

3. A licensee may provide, obtain or take as security for a loan: (a) Insurance on the life and on the health or disability, or both, of one or more parties obligated on the loan; (b) Involuntary unemployment insurance; (c) Insurance which protects his or her interest in the collateral pledged for the loan; (d) Single interest nonfiling insurance; or (e) Any other credit-related insurance approved by the Commissioner, if the insurance complies with the applicable provisions of chapter 690A of NRS .

4. In accepting any insurance provided by this section as security for a loan, the licensee may include the premiums or identifiable charge as part of the principal or may deduct the premiums or identifiable charge therefor from the proceeds of the loan, which premium or identifiable charge must not exceed those filed with and approved by the Commissioner of Insurance, and remit those premiums to the insurance company writing the insurance, and any gain or advantage to the licensee, any employee, officer, director, agent, affiliate or associate from the insurance or its sale may not be considered as additional or further charge in connection with any loan made under this chapter. Not more than one policy of life insurance and one policy providing accident and health coverage may be written by a licensee in connection with any loan transaction under this chapter, and a licensee shall not require the borrower to be insured as a condition of any loan. If the unpaid balance of the loan is prepaid in full by cash or other thing of value, refinancing, renewal, a new loan or otherwise, the charge for any credit life insurance and any credit accident and health insurance must be refunded or credited as prescribed in chapter 690A of NRS . The insurance must be written by a company authorized to conduct business in this state, and the licensee shall not require the purchase of the insurance from any agent or broker designated by the licensee.

5. The amount charged to a debtor by a licensee for any type of coverage under a policy of insurance provided by this section as security for a loan must not exceed the amount of the premium. In the case of a single interest nonfiling policy of insurance, the amount charged to a debtor by a licensee must not exceed the amount charged by a county recorder for filing and releasing documents pursuant to NRS 104.9525 .

6. As used in this section, “single interest nonfiling insurance” means a contract of insurance for which a lender pays a predetermined fee, which affords coverage to a lender in connection with a specific loan, and which is obtained by the lender in lieu of perfecting a security interest pursuant to chapters 104 to 104C, inclusive, of NRS.
Nev. Rev. Stat. § 667.225 — NV Code / Title 55 / Chapter 667 / Section 667.225
Conditions under which bank may reorganize before actual dissolution
Status: in_force

1. When any 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 national or state 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 chapters 657 to 671, inclusive, of NRS for the organization of a new bank. The articles must further set forth the authority derived from the stockholders or members of the national or state bank.

2. Upon the filing of articles of incorporation or organization in the same manner as provided for the organization of new banks, the reorganized bank is a bank under the laws of this state. Upon reorganization, all assets, real and personal, of the dissolved national or state bank, by operation of law, vest in and become the property of the reorganized state bank, subject to all liabilities of the national or state bank existing before the reorganization.
Nev. Rev. Stat. § 671.0995 — NV Code / Title 55 / Chapter 671 / Section 671.0995
Suspension or revocation of license for failure to meet qualifications or satisfy requirements applicable to applicant; applicant required to demonstrate compliance with certain requirements
Status: in_force

1. If a licensee does not continue to meet the qualifications or satisfy the requirements that apply to an applicant for a license pursuant to this chapter, the Commissioner may suspend or revoke the license of the licensee.

2. An applicant for a license must demonstrate that the applicant meets or will meet the requirements set forth in NRS 671.100 or 671.110 , as applicable, and 671.115 and 671.125.
Nev. Rev. Stat. § 666.400 — NV Code / Title 55 / Chapter 666 / Section 666.400
Powers of out-of-state depository institution or its holding company after acquisition of or merger with Nevada depository institution or its holding company; applicable laws; powers of Commissioner
Status: in_force

1. Subject to the provisions of NRS 666.410 , 666.415 and 666.420 , and after approval of the Commissioner pursuant to NRS 666.315 , an out-of-state depository institution or its holding company may acquire control of, acquire all or substantially all of the assets of, or merge with, a Nevada depository institution or its holding company.

2. An out-of-state depository institution or holding company that acquires a Nevada depository institution, or an out-of-state depository institution that is the resulting depository institution after merging with a Nevada depository institution, or an out-of-state depository institution that otherwise establishes or acquires a branch in Nevada, may, in accordance with applicable state and federal law: (a) Continue to operate the Nevada depository institution or branch; (b) Convert any existing main office or branch in Nevada into a branch of the out-of-state depository institution; (c) Establish or acquire additional branches of the out-of-state depository institution in any state where the Nevada depository institution could have done so had it not been acquired or merged; and (d) Exercise any power and engage in any activity in this state to the same extent as a depository institution of the same type whose home state is Nevada, even if the out-of-state depository institution is not authorized to exercise those powers or engage in those activities in the out-of-state depository institution's home state.

3. A branch in this state of an out-of-state depository institution shall comply with: (a) If the branch is not a federally chartered institution, the applicable laws relating to depository institutions of the institution's home state, including, without limitation, provisions relating to the names of depository institutions; or (b) If the institution is a federally chartered institution, the provisions of federal law.

4. If the laws of this state as a host state conflict with the laws of another state as a home state, the laws of the home state prevail, except that: (a) The Commissioner may, by regulation, order that Nevada law prevail over that of the home state if the application of Nevada law is necessary to preserve the safe and sound operation of the branch or otherwise protect the residents of this state; and (b) The laws of this state regarding protection of customers, fair lending and intrastate branching apply to a branch in this state of an out-of-state depository institution to the same extent as those laws apply to a branch in this state of a depository institution chartered by this state.

5. This section does not affect the authority of the Commissioner to examine, supervise and regulate an out-of-state depository institution operating or seeking to operate a branch in this state or to take any action or issue any order with regard to that branch pursuant to NRS 666.325 .
Nev. Rev. Stat. § 677.220 — NV Code / Title 55 / Chapter 677 / Section 677.220
Certificate of authorization to transact business
Status: in_force

If the Commissioner approves an application for authority to form a corporation to engage in business under this chapter, he or she shall issue a certificate in duplicate authorizing the organization of the corporation and the operation of a thrift company, specifying the date on which and the conditions under which its place of business may be opened, including the place where it will be located. The Commissioner shall deliver one copy to the applicant and retain the other copy.
Nev. Rev. Stat. § 673.460 — NV Code / Title 55 / Chapter 673 / Section 673.460
Examinations outside State; fees and traveling expenses; regulations
Status: in_force

1. Whenever in connection with an examination it is necessary or expedient that the Commissioner or his or her designee, or both, leave this State, there must be assessed against the organization under examination a fee of not more than the per diem allowance and travel expenses provided for state officers and employees generally for each person while outside the State in connection with an examination, together with all actual and necessary expenses.

2. The fee charged must be remitted to the Commissioner. The Commissioner shall adopt regulations establishing the amount of the fee required pursuant to this section.
Nev. Rev. Stat. § 669A.320 — NV Code / Title 55 / Chapter 669A / Section 669A.320
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. § 669.207 — NV Code / Title 55 / Chapter 669 / Section 669.207
Authorization of foreign trust company to act as fiduciary and solicit trust company business in this State; requirements
Status: in_force

1. In addition to the authority provided in NRS 662.245 and 669.209 , a foreign trust company may act as a fiduciary in this State, whether the appointment is by will, deed, court order or otherwise, without complying with the laws of this State relating to the qualification of corporations or limited-liability companies organized under the laws of this State to conduct trust company business or laws relating to the qualification of foreign corporations or foreign limited-liability companies if: (a) The foreign trust company is authorized by the laws of the state of its organization or domicile to act as a fiduciary in that state; (b) The foreign trust company is a subsidiary of a bank, savings association, bank holding company or savings and loan holding company subject to the supervision of a federal banking regulator; and (c) A trust company organized under the laws of this State, a national banking association having its main office in this State and a federal savings and loan association or federal savings bank having its main office in this State and authorized to act as a fiduciary in this State may, in such other state, act in a similar fiduciary capacity or capacities, as applicable, upon conditions and qualifications which the Commissioner finds are not unduly restrictive compared to those imposed by the laws of this State.

2. In addition to the authority provided in NRS 669.205 , a foreign trust company may engage in the solicitation of trust company business in this State, regardless of whether the foreign trust company has a physical location in this State, without complying with the laws of this State relating to the qualification of corporations or limited-liability companies organized under the laws of this State to conduct trust company business or laws relating to the qualification of foreign corporations or foreign limited-liability companies if: (a) The foreign trust company is authorized by the laws of the state of its organization or domicile to solicit trust company business in that state; (b) The foreign trust company is a subsidiary of a bank, savings association, bank holding company or savings and loan holding company subject to the supervision of a federal banking regulator; and (c) A trust company organized under the laws of this State, a national banking association having its main office in this State and a federal savings and loan association or federal savings bank having its main office in this State and authorized to engage in the solicitation of trust company business in this State may, in such other state, similarly engage in the solicitation of trust company business upon conditions and qualifications which the Commissioner finds are not unduly restrictive compared to those imposed by the laws of this State.
Nev. Rev. Stat. § 664.015 — NV Code / Title 55 / Chapter 664 / Section 664.015
Division of Financial Institutions may authorize restriction of withdrawals; procedure; segregation of new deposits
Status: in_force

1. The Division of Financial Institutions may, upon a proper application in writing showing good cause therefor, authorize any bank in this state or organized under chapters 657 to 671, inclusive, of NRS to restrict, for a limited period, the percentage of withdrawals from all of the accounts of such bank.

2. Whenever, in the interest of public business, any bank doing business in this state deems it necessary to curtail or restrict the withdrawals of its patrons for a limited period, such bank, through its proper officers, may make application in writing, setting forth the reasons therefor, to the Division of Financial Institutions requesting an order or authorization from the Division to restrict, for a limited period, withdrawals by the depositors of the bank to a specific percentage of their respective deposits.

3. Upon receipt of such application by the Division of Financial Institutions, and good cause appearing therefor, the Division may issue to the applicant an authorization specifying therein the percentage of all deposits which the bank may pay to its depositors, and the period to which such restriction or limitation may extend. For good cause shown, the Division of Financial Institutions may shorten, cancel, extend or renew such authorization whenever the Division deems such action proper in the interest of public business.

4. Any bank obtaining any order or authorization authorized by this section shall post and maintain, during the period of restriction, in a conspicuous place in or upon its banking premises, a certified copy of each order or authorization.

5. The Division of Financial Institutions may authorize all such banks thereafter to receive new deposits, which must be segregated from the old deposits, and the new deposits are not subject to any restriction as to the withdrawal thereof, except as provided in the terms of any time certificate of deposit or savings passbook; and the new deposits must be invested in such liquid assets as may be approved by the Division in order that such banks may at all times have sufficient funds available to meet the demands on such new deposits in accordance herewith.
Nev. Rev. Stat. § 657A.600 — NV Code / Title 55 / Chapter 657A / Section 657A.600
Establishment of toll-free telephone number and Internet website for complaints
Status: in_force

The Director shall establish and maintain a toll-free telephone number and Internet website through which a consumer may submit a complaint relating to any financial product or service provided by a participant.
Nev. Rev. Stat. § 668.051 — NV Code / Title 55 / Chapter 668 / Section 668.051
Unreasonable delay in responding to offer for sale in lieu of foreclosure
Status: in_force

1. A banking or other financial institution, or an officer, manager or employee of a banking or other financial institution, shall not unreasonably delay responding to an offer for a sale in lieu of a foreclosure sale on real property secured by a residential mortgage loan.

2. For the purposes of this section, a person is presumed to have unreasonably delayed responding to an offer for a sale in lieu of a foreclosure sale on real property secured by a residential mortgage loan when the person fails to respond to an offer for a sale in lieu of a foreclosure sale with an acceptance or rejection of the offer within 90 days after receipt of the offer, unless the parties have agreed in writing to a delay of more than 90 days after receipt of the offer.

3. As used in this section: (a) “ Banking or other financial institution ” means any bank, savings and loan association, savings bank, thrift company, credit union or other financial institution that is licensed, registered or otherwise authorized to do business in this State. (b) “Indebtedness” has the meaning ascribed to it in NRS 40.451 . (c) “Residential mortgage loan” has the meaning ascribed to it in NRS 645B.0132 . (d) “ Sale in lieu of a foreclosure sale ” means a sale of real property pursuant to an agreement between a person to whom an obligation secured by a mortgage or other lien on real property is owed and the debtor of that obligation in which the sales price of the real property is insufficient to pay the full outstanding balance of the obligation and the costs of the sale. The term includes, without limitation, a deed in lieu of foreclosure.
Nev. Rev. Stat. § 657A.500 — NV Code / Title 55 / Chapter 657A / Section 657A.500
Regulations concerning reporting; required records and reporting; participant to notify Director of failed product or service or unauthorized acquisition of computerized data
Status: in_force

1. The Director may establish by regulation periodic reporting requirements for participants in the Program.

2. On request by the Director, a participant shall make any requested record, information or data available for inspection and copying by the Director.

3. Each participant shall retain, for not less than 2 years after the end of the prescribed period of testing or for such longer period as the Director requires by order or regulation, all records and data produced in the ordinary course of business relating to a financial product or service tested in the Program.

4. If a product or service fails before the end of the period of testing, the participant shall: (a) Give written notice of the failure to the Director. (b) Include in the notice a description of any action taken by the participant to protect consumers from financial loss or other harm caused by the failure.

5. In addition to providing any other disclosure or notice of the unauthorized acquisition of computerized data required by any applicable statute or regulation, a participant shall promptly notify the Director of any unauthorized acquisition of computerized data constituting a breach of the security of the system data as that term is defined in NRS 603A.020 .
Nev. Rev. Stat. § 673.5925 — NV Code / Title 55 / Chapter 673 / Section 673.5925
Recordation of order appointing successor trustee
Status: in_force

The final order of appointment of any such new trustee upon its entry must be recorded in the office of the county recorder in the county or counties in which the instrument under which such appointment has been made is recorded, and a minute of the same must be entered by the county recorder on the margin of the record where the original instrument is recorded.
Nev. Rev. Stat. § 661.035 — NV Code / Title 55 / Chapter 661 / Section 661.035
Amendment of articles of incorporation to increase or reduce authorized stock; approval by Commissioner
Status: in_force

1. A banking corporation may, with the approval of the Commissioner, amend its articles of incorporation to authorize an increase or reduction in its authorized stock.

2. The Commissioner shall not approve an amendment of the articles of incorporation that reduces the authorized stock of the corporation unless the Commissioner finds that the security of the existing creditors of the corporation will not be impaired.
Nev. Rev. Stat. § 672.250 — NV Code / Title 55 / Chapter 672 / Section 672.250
Administration of chapter; regulations of Commissioner
Status: in_force

The Commissioner shall administer the provisions of this chapter, subject to administrative supervision by the Director. The Commissioner shall make the decisions and determinations and adopt regulations which are necessary or reasonably appropriate to accomplish the purposes of this chapter.
Nev. Rev. Stat. § 669A.050 — NV Code / Title 55 / Chapter 669A / Section 669A.050
“Designated relative” defined
Status: in_force

“ Designated relative ” means the common ancestor of the family, who may be either a living or deceased person. With regard to:

1. A licensed family trust company or a family trust company applying to be licensed pursuant to this chapter, the designated relative is the person who is designated in the application for a license or in the annual renewal of a license.

2. A family trust company other than a family trust company described in subsection 1, the designated relative is any person designated by the family trust company in a letter to the Commissioner sent by certified mail, return receipt requested.
Nev. Rev. Stat. § 677.720 — NV Code / Title 55 / Chapter 677 / Section 677.720
Requirements for making and paying of loans: Duties of licensee
Status: in_force

1. Every licensee shall: (a) Deliver to the borrower, or if more than one, to one of them, at the time of making a loan under this chapter a copy of the loan obligation or, in lieu thereof, a statement showing in clear and distinct terms the date of the loan and amount of loan obligation and the date of its maturity, the nature of the security, if any, for the loan, the name and address of the borrower and of the licensee, and the description or schedule of payments on the loan. (b) Except as otherwise provided in subsection 2, give to the person making any cash payment on account of any loan a receipt at the time the payment is made, which receipt must show the balance due, if any, after application of the payment. A receipt for the amount of the payment only may be given temporarily and replaced within a reasonable time with a receipt as prescribed in this paragraph. (c) Permit payment in advance in an amount equal to one or more full installments at any time during the regular business hours of the licensee. (d) Upon repayment of a loan in full, mark plainly every note or other evidence of the indebtedness or assignment signed by any obligor with the word “paid” or “cancelled,” and release or provide the borrower with evidence to release any mortgage or security instrument no longer securing any indebtedness to the licensee.

2. In lieu of the receipt mentioned in paragraph (b) of subsection 1, the licensee may issue a coupon payment book to the borrower setting forth the amount and due date of each installment and containing a payment record stub corresponding to each coupon.
Nev. Rev. Stat. § 669.116 — NV Code / Title 55 / Chapter 669 / Section 669.116
Requirements concerning management or control of certain trust companies
Status: in_force

1. Except as otherwise provided in subsection 3, the affairs and business of a retail trust company organized as a corporation under the laws of this State must be managed or controlled by a board of directors of not less than five in number who must be selected by the stockholders at the annual meeting of stockholders in such manner as may be provided by the bylaws of the corporation.

2. Except as otherwise provided in subsection 3, the affairs and business of a retail trust company organized as a limited-liability company under the laws of this State must be managed or controlled by no fewer than five managers selected from the members as provided in the operating agreement.

3. The Commissioner may authorize a retail trust company to be managed or controlled by no fewer than three directors or managers, as appropriate.

4. The board of directors or managers of a noncustodial trust company must be not less than three in number unless a smaller number is authorized by the Commissioner.
Nev. Rev. Stat. § 677.420 — NV Code / Title 55 / Chapter 677 / Section 677.420
Notification of change in ownership of stock; application for approval after certain acquisitions; investigation; costs; waiver
Status: in_force

1. A licensee shall notify the Commissioner of any change in the ownership of 10 percent or more of the outstanding voting stock of the licensee within 3 business days after the licensee has knowledge of the change.

2. An application for approval must be submitted to the Commissioner by a person who acquires: (a) At least 25 percent of a licensee's outstanding voting stock; or (b) Any outstanding voting stock of a licensee if the change will result in a change in the control of the licensee. Except as otherwise provided in subsection 4, the Commissioner shall conduct an investigation in accordance with NRS 677.180 . If the Commissioner denies the application, he or she may forbid the applicant from participating in the business of the licensee.

3. The licensee 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 subsection must be placed in the Investigative Account created by NRS 232.545 .

4. A licensee 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. § 671.0095 — NV Code / Title 55 / Chapter 671 / Section 671.0095
“Licensee” defined
Status: in_force

“ Licensee ” means any person licensed under this chapter.
Nev. Rev. Stat. § 675.297 — NV Code / Title 55 / Chapter 675 / Section 675.297
Data security policy required
Status: in_force

A licensee who authorizes any employee to engage in the business of lending in this State at a remote location shall develop and adhere to a written data security policy. The data security policy must set forth procedures and requirements to ensure that:

1. Data of the licensee that is stored at or accessible from a remote location is protected against unauthorized or accidental disclosure, access, use, modification, duplication or destruction;

2. An employee working at a remote location is able to access the computerized data system of the licensee and other computer systems of the licensee only through the use of a virtual private network or other system that: (a) Requires the use of a username and password, frequent password changes, multifactor authentication, a system that automatically prevents a person from accessing an account upon the failure of the person to enter the appropriate credentials after a set number of attempts or any combination thereof; and (b) Uses data encryption;

3. Any updates or repairs necessary to keep data and equipment secure are installed or implemented immediately;

4. All data of the licensee is stored in a safe and secure manner and the computerized data system of the licensee is capable of being modified to accommodate the storage of data necessary for an employee working at a remote location to perform his or her work;

5. Each remote location at which an employee works contains computers or other electronic devices which make use of reasonable security measures, such as antivirus software and firewalls;

6. The computerized data system of the licensee and other computer systems of the licensee may only be accessed through computers or other electronic devices which: (a) Are issued by the licensee; and (b) May only be used by an employee while performing activities approved by the licensee;

7. An internal or external risk assessment is performed annually on the protection of the data of the licensee from reasonably foreseeable internal or external risks;

8. After the performance of a risk assessment pursuant to subsection 7, the data security policy is updated to correct any deficiencies identified in the risk assessment;

9. The licensee has procedures in place which establish the actions that must be taken upon the: (a) Discovery of a breach of the security of the computerized data system, including, without limitation, any actions that must be taken concerning the disclosure of the breach as required by NRS 675.283 or other applicable law; and (b) Occurrence of an emergency, including, without limitation, a fire or natural disaster, that has the potential to impact the storage of or access to data of the licensee;

10. The data of the licensee is disposed of in a timely and secure manner as required by applicable law and contractual requirements; and

11. The licensee is able, without the licensee or an agent of the licensee being physically present at a remote location, to disconnect any computer or device provided to an employee at a remote location from the computerized data system of the licensee or other computer systems of the licensee and disable and erase any data from such a computer or device upon termination of the employee's employment with the licensee.
Nev. Rev. Stat. § 672.345 — NV Code / Title 55 / Chapter 672 / Section 672.345
Applicable law; filing of annual report
Status: in_force

A foreign credit union which has been issued a certificate of authority shall:

1. Serve its members in this state in accordance with its bylaws and the laws of the state in which it was organized, except where those laws conflict with the provisions of this chapter.

2. File with the Commissioner a copy of its annual report at the time it files a similar report with the officer of the state in which it was organized.
Nev. Rev. Stat. § 675.130 — NV Code / Title 55 / Chapter 675 / Section 675.130
Required statements on license
Status: in_force

Each license shall:

1. State the address at which the business is to be conducted, not including any remote location; and

2. State fully the name of the licensee, and if the licensee is a copartnership or association, the names of its members, and if a corporation, the date and place of its incorporation.
Nev. Rev. Stat. § 672.080 — NV Code / Title 55 / Chapter 672 / Section 672.080
“Demand” defined
Status: in_force

“Demand” means a request for withdrawal or payment in accordance with all conditions of the account and bylaws of the credit union.
Nev. Rev. Stat. § 662.265 — NV Code / Title 55 / Chapter 662 / Section 662.265
Emergency closure: Definitions
Status: in_force

As used in NRS 662.275 to 662.305 , inclusive, unless the context otherwise requires:

1. “Bank” includes national banks to the extent that NRS 662.275 to 662.305 , inclusive, do not conflict with or infringe upon federal law.

2. “Emergency” means any condition or occurrence which may interfere physically with the conduct of normal business operations at one or more or all of the offices of a bank, or which poses an imminent or existing threat to the safety or security of persons or property, or both. Without limiting the generality of the foregoing, an emergency may arise as a result of any one or more of the following: Fire, flood, earthquake, hurricanes, wind, rain or snowstorms, labor disputes and strikes, power failures, transportation failures, interruption of communication facilities, shortages of fuel, housing, food, transportation or labor, robbery or attempted robbery, actual or threatened enemy attack, epidemics or other catastrophes, riots, civil commotions and other acts of lawlessness or violence, actual or threatened.

3. “Office” means any place at which a bank transacts its business or conducts operations related to its business.

4. “Officers” means the person or persons designated by the board of directors, the managers or other governing body of a bank, to act for the bank in carrying out the provisions of NRS 662.275 to 662.305 , inclusive, or in the absence of any such designation or the absence of the officer or officers so designated, the president, a manager or any other officer currently in charge of the bank or of the office or offices in question.
Nev. Rev. Stat. § 666.115 — NV Code / Title 55 / Chapter 666 / Section 666.115
Formation of bank holding company: Approval by Commissioner; limitation; application for approval; acceptance of federal registration
Status: in_force

1. Except as otherwise provided in subsection 4, a person who desires to form a bank holding company after July 1, 1983, must be approved by the Commissioner before forming the company. A bank holding company may not be organized as a limited-liability company.

2. The application for approval must include such information with respect to the financial condition, operations, management and intercompany relationships of the applicant and related matters, as the Commissioner may deem necessary or appropriate.

3. The Commissioner shall approve the application if the Commissioner determines that the applicant or its officers, directors and stockholders are of such character and fitness that any bank acquired by the applicant will be operated in a safe, prudent and profitable manner.

4. The Commissioner may accept copies of federal registration in lieu of requiring an application for approval of a bank holding company.
Nev. Rev. Stat. § 669.117 — NV Code / Title 55 / Chapter 669 / Section 669.117
Directors and managers: Qualifications
Status: in_force

1. No person is eligible to serve as a director or manager of any retail trust company unless the person: (a) Displays the competence and integrity to transact the business of the retail trust company in a manner which safeguards the interests of the general public; and (b) Has a financial status consistent with his or her responsibilities to the public.

2. The Commissioner may require any or all new directors or managing directors of a retail trust company to provide such financial and biographical information and verification thereof as the Commissioner deems appropriate, including the completion of any forms required to be completed in connection with the licensing of a retail trust company.
Nev. Rev. Stat. § 677.190 — NV Code / Title 55 / Chapter 677 / Section 677.190
Requisites for approval of application
Status: in_force

The Commissioner shall not approve the application unless he or she ascertains to his or her satisfaction:

1. That the public convenience and advantage will be promoted by the establishment of the proposed corporation.

2. That the corporation is being formed for no other purpose than the legitimate objectives contemplated by this chapter.

3. That the proposed capital structure is adequate.

4. That the financial responsibility, character and general fitness of the proposed officers, directors, stockholders and other investors are such as to command the confidence of the community and to warrant belief that the business will be operated honestly and fairly within the purpose of this chapter, and that the proposed officers and directors have sufficient banking, industrial loan or other experience, ability and standing to afford reasonable promise of successful operation.

5. That the applicant has complied with all the applicable provisions of this chapter.
Nev. Rev. Stat. § 657A.160 — NV Code / Title 55 / Chapter 657A / Section 657A.160
“Participant” defined
Status: in_force

“ Participant ” means a person whose application to participate in the Program has been approved by the Director pursuant to NRS 657A.420 .
Nev. Rev. Stat. § 672.450 — NV Code / Title 55 / Chapter 672 / Section 672.450
Compensation and expenses of directors, officers and members
Status: in_force

1. A director or committee member may not be compensated for his or her services except that he or she may be provided reasonable life, health, accident and similar insurance protection.

2. Any member of the credit union may be reimbursed for necessary expenses incidental to the performance of credit union business. All such expenses shall be approved by the board.

3. Subsection 1 does not apply to officers of the credit union who also serve as members of the board or a committee.
Nev. Rev. Stat. § 662.255 — NV Code / Title 55 / Chapter 662 / Section 662.255
Voluntary closure on Saturdays, Sundays and holidays; transaction of business
Status: in_force

1. A bank may elect to close on Saturdays, Sundays or legal holidays. Except as otherwise provided in subsection 2 and NRS 104.4303 , if a bank elects not to close on a Saturday, Sunday or legal holiday, all business transacted on a Saturday, Sunday or legal holiday shall be deemed to have been transacted on the next banking day that is not a Saturday, Sunday or legal holiday.

2. If a bank elects not to close on a Saturday, Sunday or legal holiday which falls on the last day of a calendar year, that day shall be deemed a regular banking day for the purposes of transacting business.

3. As used in this section, the term “legal holiday” includes all days which are declared by NRS 236.015 to be legal holidays.
Nev. Rev. Stat. § 657.005 — NV Code / Title 55 / Chapter 657 / Section 657.005
Definitions
Status: in_force

As used in chapters 657 to 671, inclusive, of NRS, unless the context otherwise requires, the words and terms defined in NRS 657.016 to 657.085 , inclusive, have the meanings ascribed to them in those sections.