Nev. Rev. Stat. § 670B.470 — NV Code / Title 55 / Chapter 670B / Section 670B.470
Private education loan involving cosigner: Delivery of information to cosigner before extension of loan; requirements and prohibitions concerning release of cosigner; access of cosigner to documents and records relating to loan
Status: in_force

1. Before the extension of a private education loan that requires a cosigner, a private education lender shall deliver to the cosigner information concerning, without limitation: (a) How the private education loan obligation will appear on the cosigner's credit; (b) How the cosigner will be notified if the private education loan becomes delinquent; (c) How the cosigner can cure a delinquency in order to avoid negative credit furnishing and loss of cosigner release eligibility; and (d) The eligibility of the cosigner to be released from his or her obligation on the private education loan, including, without limitation, the number of on-time payments and any other criteria required to approve the release of the cosigner from his or her obligation on the private education loan.

2. For any private education loan that obligates a cosigner, a private education lender shall provide the private education loan borrower and the cosigner an annual written notice containing information about the release of the cosigner from his or her obligation on the private education loan, including, without limitation: (a) Any administrative, non-judgmental criteria the private education lender requires to approve the release of the cosigner from the private education loan obligation; and (b) The process for applying for cosigner release.

3. If the private education loan borrower has met the applicable payment requirements to be eligible for cosigner release, the private education lender shall send the private education loan borrower and the cosigner a written notification by mail and by electronic mail, if the private education loan borrower or cosigner has elected to receive electronic communications from the private education lender, informing the private education loan borrower and cosigner that the payment requirement to be eligible for cosigner release has been met. The notification must also include information about any additional criteria to qualify for cosigner release and the procedure to apply for cosigner release.

4. A private education lender shall provide written notice to a private education loan borrower who applies for cosigner release but whose application is incomplete. The written notice must include a description of the information needed to consider the application complete and the date by which the applicant must furnish the missing information.

5. Within 30 days after a private education loan borrower submits a completed application for cosigner release, the private education lender shall send the private education loan borrower and cosigner a written notice that informs the private education loan borrower and cosigner whether the application for cosigner release has been approved or denied. If the private education lender denies a request for cosigner release, the private education loan borrower may request any documents or information used in the determination, including, without limitation, the credit score threshold used by the private education lender, the private education loan borrower's consumer credit report, the private education loan borrower's credit score and any other documents specific to the private education loan borrower. The private education lender shall also provide any notices of adverse action required under applicable federal law if the denial is based in whole or in part on any information contained in a consumer credit report.

6. In response to a written or oral request for cosigner release, a private education lender shall provide the information described in subsection 2.

7. A private education lender shall not impose any restriction that permanently bars a private education loan borrower from qualifying for cosigner release, including, without limitation, restricting the number of times a private education loan borrower may apply for cosigner release.

8. A private education lender shall not impose any negative consequences on any private education loan borrower or cosigner during the 60 days following the issuance of the notice provided pursuant to subsection 4 or until the private education lender makes a final determination about a private education loan borrower's application for cosigner release. For the purposes of this subsection, “ negative consequences ” includes, without limitation, the imposition of additional eligibility criteria, negative credit reporting, lost eligibility for cosigner release, late fees, interest capitalization or other financial injury.

9. For any private education loan made on or after January 1, 2024, a private education lender shall not require more than 12 consecutive, on-time payments as criteria for cosigner release. Any private education loan borrower who has paid the equivalent of 12 months of principal and interest payments within any 12-month period shall be deemed to have satisfied the consecutive, on-time payment requirement, even if the private education loan borrower has not made payments monthly during the 12-month period.

10. If a private education loan borrower or cosigner requests a change in terms that restarts the count of consecutive, on-time payments required for cosigner release, the private education lender shall notify the private education loan borrower and cosigner in writing of the impact of the change and provide the private education loan borrower or cosigner the right to withdraw or reverse the request to avoid that impact.

11. A private education loan borrower has the right to request an appeal of a private education lender's determination to deny a request for cosigner release, and the private education lender shall permit the private education loan borrower to submit additional documentation evidencing the private education loan borrower's ability, willingness and stability to meet the payment obligations. The private education loan borrower may request review of the determination made regarding cosigner release by another employee of the private education lender.

12. A private education lender shall establish and maintain a comprehensive record management system reasonably designed to ensure the accuracy, integrity and completeness of data and other information about cosigner release applications and to ensure compliance with applicable state and federal laws, including, without limitation, the federal Equal Credit Opportunity Act, 15 U.S.C. §§ 1691 et seq., and the Fair Credit Reporting Act, 15 U.S.C. §§ 1681 et seq. This system must include the number of cosigner release applications received, the approval and denial rate and the primary reasons for any denial.

13. A private education lender shall provide a cosigner with access to all documents or records related to the cosigned private education loan that are available to the private education loan borrower.

14. If a private education lender provides electronic access to documents and records for a private education loan borrower, the private education lender shall provide equivalent electronic access to the cosigner.
Nev. Rev. Stat. § 673.3271 — NV Code / Title 55 / Chapter 673 / Section 673.3271
Loans to one borrower
Status: in_force

A savings bank shall not make at one time loans to any one borrower, or under any one transaction, or applicable to any one project, or tract, if the savings bank would be prohibited from making such a loan under federal law applicable to federal savings banks pursuant to 12 C.F.R. § 32.3 .
Nev. Rev. Stat. § 657.220 — NV Code / Title 55 / Chapter 657 / Section 657.220
Definitions
Status: in_force

As used in NRS 657.220 to 657.290 , inclusive, unless the context otherwise requires, the words and terms defined in NRS 657.230 to 657.270 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 672.270 — NV Code / Title 55 / Chapter 672 / Section 672.270
Powers of Commissioner concerning regulations and legal actions
Status: in_force

The Commissioner may:

1. Adopt regulations, subject to the advice of the Credit Union Advisory Council, establishing chartering, supervisory and examination fees; and

2. Cause appropriate legal action to be taken in the district court of any county to secure an injunction or order restraining a violation of this chapter.
Nev. Rev. Stat. § 671.115 — NV Code / Title 55 / Chapter 671 / Section 671.115
Tangible net worth: Amount required to be maintained
Status: in_force

A licensee shall maintain at all times a tangible net worth of the greater of:

1. One hundred thousand dollars; or

2. Three percent of total assets for the first $100,000,000 in assets, 2 percent of additional assets that exceed $100,000,000 but do not exceed $1 billion and 0.5 percent of additional assets that exceed $1 billion.
Nev. Rev. Stat. § 667.065 — NV Code / Title 55 / Chapter 667 / Section 667.065
Payment of insured deposits; subrogation
Status: in_force

1. When any state bank has been closed as provided in NRS 667.035 , and the Federal Deposit Insurance Corporation pays, or makes available for payment, the insured deposit liabilities of such closed bank, the Federal Deposit Insurance Corporation, whether or not it has become receiver or liquidator of such closed bank, shall be subrogated to all rights against such closed bank of the owners of such deposits in the same manner and to the same extent as subrogation of the Federal Deposit Insurance Corporation is provided for in the Federal Deposit Insurance Act 1 in the case of the closing of a national bank.

2. The rights of depositors and other creditors of such closed bank shall be determined in accordance with the applicable provisions of the laws of this state.

1 12 U.S.C.A. § 1811 et seq.
Nev. Rev. Stat. § 676A.300 — NV Code / Title 55 / Chapter 676A / Section 676A.300
Registration required
Status: in_force

1. Except as otherwise provided in subsection 2, a provider may not provide debt-management services to an individual who it reasonably should know resides in this State at the time it agrees to provide the services, unless the provider is registered under this chapter.

2. If a provider is registered under this chapter, subsection 1 does not apply to an employee or agent of the provider.

3. The Commissioner shall maintain and publicize a list of the names of all registered providers.
Nev. Rev. Stat. § 673.5928 — NV Code / Title 55 / Chapter 673 / Section 673.5928
Validation of sales by liquidator under security instruments giving power of sale
Status: in_force

If the Commissioner, the Federal Deposit Insurance Corporation or any liquidating agent appointed pursuant to the provisions of NRS 673.5912 to 673.5917 , inclusive, exercises the power of sale set up in any mortgage, deed of trust or other written instrument for the security of the payment of money in which any savings bank then in liquidation was named trustee, the exercise of the power of sale and the acts of resigning the trust, of the Commissioner, the Federal Deposit Insurance Corporation or the appointed liquidating agent have the same effect as if done by the savings bank named as trustee in the mortgage, deed of trust or other instrument.
Nev. Rev. Stat. § 673.640 — NV Code / Title 55 / Chapter 673 / Section 673.640
When supervision as state savings bank ceases; when property and assets vest in converted entity; enjoyment of property by converted entity
Status: in_force

1. At the time when the conversion becomes effective, the savings bank shall cease to be supervised by this state pursuant to this chapter, but shall continue as a body corporate converted pursuant to the provisions of the Home Owners' Loan Act of 1933, the National Bank Act or chapters 657 to 671, inclusive, of NRS, as applicable, and subject to examination and regulation pursuant to the act or title, as applicable.

2. All the property of the savings bank, including all its right, title and interest in and to all property of whatever kind, whether real, personal or mixed, and things in action, and every right, privilege, interest and asset of any conceivable value of benefit then existing, belonging or pertaining to it, or which would inure to it, shall immediately by operation of law, and without any conveyance or transfer, and without any further act or deed be vested in and become the property of the federal savings bank, national bank or state bank, as applicable. Such institution shall have, hold and enjoy the same in its own right as fully and to the same extent as the same was possessed, held and enjoyed by the savings bank.

3. The federal savings bank, national bank or state bank, as applicable, as of the time of taking effect of such conversion shall succeed to all the rights, obligations and relations of the savings bank.
Nev. Rev. Stat. § 660.055 — NV Code / Title 55 / Chapter 660 / Section 660.055
Offices for mechanical tellers: Contents
Status: in_force

In addition to the mechanical tellers, an office for mechanical tellers may include:

1. A night depository; and

2. Employees of the financial institution whose functions do not include the conducting of transactions with customers.
Nev. Rev. Stat. § 665.145 — NV Code / Title 55 / Chapter 665 / Section 665.145
Official communications
Status: in_force

Each official communication directed by the Commissioner or any examiner of financial institutions to any bank, or to any officer or manager thereof, relating to an examination or investigation conducted or made by the Commissioner or containing suggestions or recommendations as to the conduct of the bank must, if required by the authority directing it, be submitted by the officer, manager or director receiving it to the executive committee, if there is one, or board of directors or the other managers of the bank and noted in the minutes of the meeting. The receipt and submission of the notice to the executive committee, board of directors, or other managers must be certified to the Commissioner, within such time as the Commissioner may require, by three members of the committee or board or two other managers.
Nev. Rev. Stat. § 665.095 — NV Code / Title 55 / Chapter 665 / Section 665.095
Certified copies of records as evidence
Status: in_force

In all civil actions in the courts of this state wherein any of the records of the Commissioner are involved as evidence or otherwise, a certified copy of such a record signed and sealed by the Commissioner, is admissible in evidence to the same effect as if produced in court at trial by the proper custodian of the records.
Nev. Rev. Stat. § 666.004 — NV Code / Title 55 / Chapter 666 / Section 666.004
“De novo branch” defined
Status: in_force

“De novo branch” means a branch of a depository institution which:

1. Is newly established by the depository institution as a branch; and

2. Does not become a branch of the depository institution as a result of: (a) The acquisition by the depository institution of an insured depository institution or a branch of an insured depository institution; or (b) The conversion, merger or consolidation of any such institution or branch.
Nev. Rev. Stat. § 668.085 — NV Code / Title 55 / Chapter 668 / Section 668.085
Unauthorized disclosure of confidential information; penalty
Status: in_force

If any person fails to keep secret the facts and information obtained in the course of, or as a result of, an examination of a bank, except when the duty of such examiner or employee requires him or her to report upon or take official action regarding the affairs of such bank, the person is guilty of a misdemeanor.
Nev. Rev. Stat. § 675.350 — NV Code / Title 55 / Chapter 675 / Section 675.350
Prohibited practices by licensees
Status: in_force

No licensee may:

1. Take any confession of judgment or any power of attorney running to himself or herself or to any third person to confess judgment or to appear for the borrower in a judicial proceeding.

2. Take any note or promise to pay which does not disclose the date and amount of the loan obligation, a schedule or description of the payments to be made thereon and the rate or aggregate amount of the agreed charges.

3. Take any instrument in which blanks are left to be filled in after the loan is made.

4. Take a lien upon real property as security for any loan made under this chapter except real property upon which is situated a mobile home or factory-built housing that also secures the loan, and except such lien as is created by law through the rendition or recording of a judgment.
Nev. Rev. Stat. § 669.220 — NV Code / Title 55 / Chapter 669 / Section 669.220
Investments: General requirements
Status: in_force

1. A retail trust company: (a) Shall keep all trust funds and investments separate from the assets of the retail trust company, and all investments made by the retail trust company as a fiduciary must be designated so that the trust or estate to which the investments belong may be clearly identified. (b) When it holds trust funds awaiting investment or distribution, may deposit or leave those funds on deposit with a state or national bank or credit union. The funds must not be deposited or left with the same corporation depositing them or leaving them on deposit, or with a corporation or association holding or owning a majority of the stock of the retail trust company making or leaving the deposit, unless that corporation or association first pledges, as security for the deposit, securities eligible for investment by state banks or credit unions which have a market value equal to that of the deposited funds. No security is required with respect to any portion of the deposits that is insured under the provisions of NRS 672.755 or a law of the United States. (c) When it acts in any capacity under a court trust or private trust, unless the instrument creating the trust provides otherwise, may cause any securities or other assets held by it in its representative capacity to be registered or titled in the name of a nominee or nominees of the retail trust company. (d) When acting as depositary or custodian for the personal representative of a court trust or private trust, unless the instrument creating the trust provides otherwise, may with the consent of the personal representative of the trust, cause any securities or other assets held by it to be registered or titled in the name of a nominee or nominees of the retail trust company.

2. A trust company is liable for any loss occasioned by the acts of its nominees with respect to securities registered under this section.

3. No corporation or the registrar or transfer agent of the corporation is liable for registering or causing to be registered on the books of the corporation any securities in the name of any nominee of a trust company or for transferring or causing to be transferred on the books of the corporation any securities registered by the corporation in the name of any nominee of a trust company when the transfer is made on the authorization of the nominee.

4. The assets forming the capital of a retail trust company must: (a) Be cash, governmental obligations or insured deposits that mature within 3 years after acquisition, readily marketable securities or other liquid, secure assets, bonds, sureties or insurance, or some combination of the foregoing in accordance with NRS 669.100 . (b) Have an aggregate market value that equals or exceeds 100 percent of the company's required stockholders' equity.

5. A retail trust company may purchase or rent real or personal property useful for the conduct of the business and other activities of the retail trust company.

6. A retail trust company may invest its money for its own account, other than those required or permitted to be maintained by subsection 4 or 5 or NRS 669.100 , in any type or character of equity securities, debt securities or other asset, provided the investment complies with the prudent investor standards of NRS 164.700 to 164.775 , inclusive.
Nev. Rev. Stat. § 671.040 — NV Code / Title 55 / Chapter 671 / Section 671.040
Prohibition against engaging in business of money transmission without being licensed or authorized delegate and regardless of location or method used
Status: in_force

1. A person shall not engage in the business of money transmission or advertise, solicit or hold himself, herself or itself out as providing money transmission unless the person: (a) Has been issued a license pursuant to this chapter; or (b) Is an authorized delegate of a licensee that is acting within the scope of authority conferred by a written contract with the licensee.

2. A person must have a license or be an authorized delegate described in paragraph (b) of subsection 1 regardless of the location or method that the person uses to engage in the business of money transmission, including, without limitation, at a kiosk, through the Internet, through any telephone, facsimile machine or other telecommunication device or through any other machine, network, system, device or means.
Nev. Rev. Stat. § 670B.640 — NV Code / Title 55 / Chapter 670B / Section 670B.640
Investigations and examinations: Conduct; frequency; fees
Status: in_force

In addition to any other authority provided under this title, the Commissioner may conduct investigations and examinations as follows:

1. For purposes of initial licensing, license renewal, license suspension, license revocation or termination or general or specific inquiry or investigation to determine compliance with this chapter, the Commissioner may access, receive and use any books, accounts, records, files, documents, information or evidence, including, without limitation: (a) Criminal, civil and administrative history information; (b) Personal history and experience information, including, without limitation, independent credit reports obtained from a consumer reporting agency described in section 603(p) of the Fair Credit Reporting Act, 15 U.S.C. § 1681a ; and (c) Any other documents, information or evidence the Commissioner deems relevant to the inquiry or investigation regardless of the location, possession, control or custody of such documents, information or evidence.

2. For the purposes of investigating violations or complaints arising under this chapter or for the purposes of examination, the Commissioner may review, investigate or examine any student loan servicer or other person subject to this chapter as often as necessary in order to carry out the purposes of this chapter. The Commissioner may direct, subpoena or order the attendance of and examine under oath any person whose testimony may be required regarding a student education loan, the business of a student loan servicer or the subject matter of any examination or investigation, and may direct, subpoena or order such a person to produce books, accounts, records, files and any other documents the Commissioner deems relevant to the inquiry.

3. In making any examination or investigation authorized by this section, the Commissioner may control access to any documents and records of a student loan servicer or other person under examination or investigation. The Commissioner may take possession of the documents and records or place a person in exclusive charge of the documents and records in the place where they are usually kept. During the period of control, a person shall not remove or attempt to remove any of the documents and records except pursuant to a court order or with the consent of the Commissioner. Unless the Commissioner has reasonable grounds to believe the documents or records of the student loan servicer or other person under examination or investigation have been, or are at risk of being, altered or destroyed for purposes of concealing a violation of this chapter, the student loan servicer, the other person under examination or investigation or the owner of the documents and records must be allowed access to the documents or records as necessary to conduct ordinary business affairs.

4. At least once each year, the Commissioner or his or her authorized representative shall conduct an investigation and examination of each licensee pursuant to this section.

5. In addition to the fees prescribed in NRS 670B.210 , if it becomes necessary to examine or investigate the books and records of a licensee pursuant to this chapter, the licensee shall be liable for and shall pay to the Commissioner, within 30 days after the presentation of an itemized statement therefor, an amount determined by the Commissioner at the rate for supervision and examination of a financial institution established and, if applicable, adjusted pursuant to NRS 658.101 .
Nev. Rev. Stat. § 675.040 — NV Code / Title 55 / Chapter 675 / Section 675.040
Applicability of chapter; exemptions
Status: in_force

<Section effective July 1, 2024, to Dec. 31, 2029, when it expires by limitation. See, also, section 675.040 effective until July 1, 2024; and NRS 675.040 effective Jan. 1, 2030. >

This chapter does not apply to:

1. Except as otherwise provided in NRS 675.035 , a person doing business under the authority of any law of this State or of the United States relating to banks, national banking associations, savings banks, trust companies, savings and loan associations, credit unions, mortgage companies, thrift companies, pawnbrokers or insurance companies.

2. A real estate investment trust, as defined in 26 U.S.C. § 856 .

3. An employee benefit plan, as defined in 29 U.S.C. § 1002(3) , if the loan is made directly from money in the plan by the plan's trustee.

4. An attorney at law rendering services in the performance of his or her duties as an attorney at law if the loan is secured by real property.

5. A real estate broker rendering services in the performance of his or her duties as a real estate broker if the loan is secured by real property.

6. Except as otherwise provided in this subsection, any firm or corporation: (a) Whose principal purpose or activity is lending money on real property which is secured by a mortgage; (b) Approved by the Federal National Mortgage Association as a seller or servicer; and (c) Approved by the Department of Housing and Urban Development and the Department of Veterans Affairs.

7. A person who provides money for investment in loans secured by a lien on real property, on his or her own account.

8. A seller of real property who offers credit secured by a mortgage of the property sold.

9. A person holding a nonrestricted state gaming license issued pursuant to the provisions of chapter 463 of NRS .

10. A person licensed to do business pursuant to chapter 604A of NRS with regard to those services regulated pursuant to chapter 604A of NRS .

11. A person who exclusively extends credit to any person who is not a resident of this State for any business, commercial or agricultural purpose that is located outside of this State.

12. Except as otherwise required by the Director of the Department of Business and Industry pursuant to NRS 657A.430 or 657A.620 , a participant in the Regulatory Experimentation Program for Product Innovation established and administered pursuant to chapter 657A of NRS .

13. A provider of earned wage access services who is licensed to provide earned wage access services pursuant to chapter 604D of NRS .
Nev. Rev. Stat. § 669.250 — NV Code / Title 55 / Chapter 669 / Section 669.250
Fees for examination; frequency of examination
Status: in_force

1. For each examination of a trust company's books and records required or authorized under this chapter, the Commissioner shall charge and collect from the trust company a fee for conducting the examination and in preparing and typing 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 .

3. The Commissioner shall examine a licensee as often as the Commissioner deems necessary.
Nev. Rev. Stat. § 676A.120 — NV Code / Title 55 / Chapter 676A / Section 676A.120
“Day” defined
Status: in_force

“ Day ” means calendar day.
Nev. Rev. Stat. § 676A.430 — NV Code / Title 55 / Chapter 676A / Section 676A.430
Commissioner required to report certain information or material to 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 or holders of a certificate of registration, 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 holders of a certificate of registration 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. § 657.095 — NV Code / Title 55 / Chapter 657 / Section 657.095
Applicability of chapters 78, 86 and 92A of NRS
Status: in_force

The provisions of chapters 78, 86 and 92A of NRS that are not in conflict with chapters 657 to 671, inclusive, of NRS are hereby adopted as a part of chapters 657 to 671, inclusive, of NRS.
Nev. Rev. Stat. § 672.773 — NV Code / Title 55 / Chapter 672 / Section 672.773
“Older person” defined
Status: in_force

“ Older person ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 669A.095 — NV Code / Title 55 / Chapter 669A / Section 669A.095
Applicability of chapter
Status: in_force

Except as otherwise provided in this chapter or by specific statute, a family trust company or licensed family trust company is subject to the provisions of this chapter only to the extent that the family trust company or licensed family trust company is engaged in the business of a family trust company or licensed family trust company, respectively.
Nev. Rev. Stat. § 666A.240 — NV Code / Title 55 / Chapter 666A / Section 666A.240
State branch or agency: Deposit of assets
Status: in_force

1. Each foreign bank which is licensed to establish and maintain a state branch or agency shall keep on deposit, in accordance with such regulations as the Commissioner may adopt, with unaffiliated Nevada banks which the foreign bank designates and the Commissioner approves, interest-bearing bonds, notes, debentures or other obligations of the United States or any agency or instrumentality thereof, or guaranteed by the United States, or of this state, or of a city, county, town, school district, or instrumentality of this state or guaranteed by this state, or dollar deposits, or obligations of the International Bank for Reconstruction and Development, or obligations issued by the Inter-American Development Bank, or obligations of the Asian Development Bank, or obligations issued by the African Development Bank, or such other assets as the Commissioner by regulation permits, to an aggregate amount to be determined by the Commissioner, based upon principal amount or market value, whichever is lower, in the case of the above-described securities, and subject to such limitations as the Commissioner prescribes.

2. The Commissioner may from time to time require that the assets deposited pursuant to this section be maintained by the foreign bank in such amount, in such form and subject to such conditions as the Commissioner deems necessary or desirable for the maintenance of a sound financial condition, the protection of depositors and the public interest, and to maintain public confidence in the business of the state branch or agency. The Commissioner may give credit to reserves required to be maintained with a federal reserve bank in or outside this state pursuant to federal law, in accordance with such regulations as the Commissioner may adopt.

3. So long as it continues business in the ordinary course, a foreign bank is entitled to collect interest on securities deposited pursuant to this section and from time to time exchange, examine and compare the securities.
Nev. Rev. Stat. § 657A.300 — NV Code / Title 55 / Chapter 657A / Section 657A.300
Financial product or service provided within Program: Requirements and limitations
Status: in_force

Any financial product or service provided within the scope of the Program is subject to the following requirements and limitations:

1. Any consumer of the product or service must be a resident of this State on the date that the product or service is first provided to the consumer.

2. Except as otherwise provided in subsection 3, not more than 5,000 consumers may be provided a given product or service by a participant during the period of testing.

3. If the Director approves a request for relief by a participant pursuant to NRS 657A.320 , not more than 7,500 consumers may be provided a given product or service by the participant during the period of testing.
Nev. Rev. Stat. § 677.070 — NV Code / Title 55 / Chapter 677 / Section 677.070
“Community” defined
Status: in_force

“Community” means a contiguous area of the same economic unit or metropolitan area, as determined by the Commissioner, and may include all or part of a city or several towns or cities.
Nev. Rev. Stat. § 673.5923 — NV Code / Title 55 / Chapter 673 / Section 673.5923
Appointment of successor trustee when no objection made
Status: in_force

If, upon the day fixed in the order and notice, no person appears and objects to the appointment of a substitute trustee, the district court shall, upon such terms as it deems advisable to serve the best interest of all interested parties, appoint some competent person, or corporation authorized to act as a trustee, as a substitute trustee. Such appointed trustee is vested with and shall exercise all the powers conferred upon the trustee named in the instrument.
Nev. Rev. Stat. § 672.120 — NV Code / Title 55 / Chapter 672 / Section 672.120
“Dividend” defined
Status: in_force

“Dividend” means that part of the net earnings of an association which is declared payable by the board to the holders of record of permanent capital stock.
Nev. Rev. Stat. § 668.045 — NV Code / Title 55 / Chapter 668 / Section 668.045
Receiving deposits in insolvent banks with knowledge of insolvency; unfair preference to creditor; penalty
Status: in_force

1. It is unlawful for a president, director, manager, cashier or other officer or employee of any bank to permit the bank to remain open for business, or to assent to the reception of deposits or the creation of debts by the banking institution, after he or she has knowledge of the fact that it is insolvent or in failing circumstances. An officer, director, manager or agent of a bank shall examine the affairs of the bank and shall know its condition. Upon the failure of any such person to discharge his or her duty of examination, that person must be held, for the purpose of chapters 657 to 671, inclusive, of NRS, to have had knowledge of the insolvency of the bank, or that it was in failing circumstances, and shall be deemed to have assented to the receipt of deposits while the bank was insolvent or in failing circumstances. A person who violates the provisions of this subsection is individually responsible for deposits so received, and all such debts so contracted, but any director who has paid more than his or her share of such liabilities has a remedy at law against other persons who have not paid their full share of such liabilities for contribution.

2. It is unlawful for a president, director, manager, cashier or other officer or employee of any bank willfully to give or concur in giving to a creditor of the bank any fraudulent, undue or unfair preference over other creditors, by giving security to the creditor, or by changing the nature of his or her claim, or otherwise, but this subsection does not prohibit the bank from giving security for public money of the State of Nevada or any political subdivision thereof, or of the United States, or an officer, agent, agency or department thereof, in the manner provided by law.

3. A person who violates the provisions of this section, or who is an accessory to, or permits or connives at, the receiving or accepting of any such deposits, or the giving of such preferences, is guilty of a category D felony and shall be punished as provided in NRS 193.130 .
Nev. Rev. Stat. § 677.616 — NV Code / Title 55 / Chapter 677 / Section 677.616
Deposit by and payment to minor
Status: in_force

1. If a deposit is made with a licensee by a minor, the licensee may pay to the depositor such sums as may be due him or her, and the receipt of the minor to the licensee is valid.

2. A licensee may operate a deposit account in the name of a minor or in the name of two or more persons one or more of whom are minors with the same effect upon its liability as if the minors were of lawful age.
Nev. Rev. Stat. § 677.707 — NV Code / Title 55 / Chapter 677 / Section 677.707
Designated reporter: Designation; duty to report; immunity
Status: in_force

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

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

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

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

5. An officer, employee and the designated reporter are entitled to the immunity from liability set forth in NRS 200.5096 for making a report in good faith.
Nev. Rev. Stat. § 657.240 — NV Code / Title 55 / Chapter 657 / Section 657.240
“Exploitation” defined
Status: in_force

“ Exploitation ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 669.095 — NV Code / Title 55 / Chapter 669 / Section 669.095
Unlawful to use or advertise word “trust” as part of name; exceptions
Status: in_force

1. Except as otherwise provided in subsection 2, no person or organization formed and doing business under the laws of this State or any other state may: (a) Use the word “trust” or any direct derivative of that word as a part of its name. (b) Advertise or use any sign with the word “trust” used as a part of its name.

2. The provisions of subsection 1 do not apply to a person or organization which: (a) Is supervised by the Commissioner of Financial Institutions pursuant to this chapter or chapters 657 to 668, inclusive, 673 or 677 of NRS; (b) Is doing business under the laws of the United States or another state relating to banks, savings banks, savings and loan associations or thrift companies; (c) Is authorized to engage in the solicitation of trust company business in this State pursuant to NRS 669.205 ; (d) Is authorized to act as a fiduciary or solicit trust company business pursuant to NRS 669.207 or establish and maintain a retail trust company office and engage in the business of a trust company in this State pursuant to NRS 669.209 ; (e) Is acting under an appointment pursuant to NRS 662.245 ; (f) Is supervised by the Commissioner of Insurance; or (g) Is doing business solely as a community land trust.

3. As used in this section, “community land trust” has the meaning ascribed to it in NRS 82.106 .
Nev. Rev. Stat. § 675.030 — NV Code / Title 55 / Chapter 675 / Section 675.030
Legislative declaration
Status: in_force

The Legislature finds as facts and determines that:

1. There exists in this state a widespread demand for loans repayable in installments, which loans may or may not be made on substantial security. This demand has been steadily increased by many social and economic factors.

2. The expenses of making and collecting installment loans are necessarily high in relation to the amounts lent.

3. It is the purpose of this chapter to: (a) Bring under public supervision those engaged in the business of making loans; (b) Attract adequate commercial capital to the business, so that the demand for such loans may be satisfied; and (c) Ensure the availability in this state of adequate, efficient and competitive financial services.
Nev. Rev. Stat. § 662.065 — NV Code / Title 55 / Chapter 662 / Section 662.065
Investments in private securities; limitation
Status: in_force

1. As used in this section, “private security” means a marketable obligation in the form of a bond, note or debenture which is commonly regarded as an investment security. It does not include investments which are predominantly speculative in nature.

2. A bank may purchase a private security for its own account when in its prudent banking judgment, which may be based in part upon estimates which it believes to be reliable, it determines that: (a) There is adequate evidence that the obligor will be able to perform all that it undertakes to perform in connection with the security, including all debt service requirements; and (b) The security may be sold with reasonable promptness at a price which corresponds reasonably to its fair value.

3. A bank may purchase a private security for its own account, although its judgment with respect to the obligor's ability to perform is based predominantly upon estimates which it believes to be reliable. Although the appraisal of the prospects of any obligor will generally be based in part upon estimates, it is the purpose of this subsection to permit a bank to exercise a broader range of judgment with respect to a more restricted portion of its investment portfolio. This authority may be exercised not only in the absence of a record of performance, but also when there are prospects for improved performance.

4. A bank may, as a factor in reaching its prudent banking judgment with respect to a private security, consider a ruling published by the Commissioner on the eligibility of the private security for purchase. Consideration must be given to the possibility that circumstances on which the ruling was based may have changed since the time of the ruling.

5. Subject to the limitations set forth in NRS 662.155 , the investment in any private securities of any one obligor may at no time be more than 25 percent of the stockholders' or members' equity of the bank.
Nev. Rev. Stat. § 676A.110 — NV Code / Title 55 / Chapter 676A / Section 676A.110
“Credit counseling” defined
Status: in_force

“ Credit counseling ” means providing education and assistance to an individual concerning debts owed by the individual which may include, without limitation, the development and implementation of a debt-management plan.
Nev. Rev. Stat. § 660.035 — NV Code / Title 55 / Chapter 660 / Section 660.035
Foreign branches: Contents of application; powers of Commissioner; separate accounting for each branch required
Status: in_force

1. Any bank organized under the laws of this State that has a stockholders' or members' equity of $1,000,000 or more may file an application with the Commissioner for permission to establish, upon conditions and under such regulations as may be prescribed by the Commissioner, branches in foreign countries or dependencies or singular possessions of the United States for the furtherance of the foreign commerce of the United States and to act, if required to do so, as fiscal agents of the United States.

2. The application must specify: (a) The name and stockholders' or members' equity of the bank filing it. (b) The powers applied for. (c) The place or places where the banking operations are to be carried on.

3. The Commissioner may: (a) Approve or reject the application in whole or in part if for any reason the granting of the application is deemed inexpedient. (b) From time to time increase or decrease the number of places where the banking operations may be carried on.

4. Every bank operating foreign branches must be required to furnish information concerning the condition of those branches to the Commissioner upon demand, and the Commissioner may order special examinations of such branches at such time or times as the Commissioner may deem best.

5. Each bank shall conduct the accounts of each foreign branch independently of the accounts of other foreign branches established by it and of its home office and shall, at the end of each year, transfer to its general ledger the profit or loss accrued at each branch as a separate item.
Nev. Rev. Stat. § 672.490 — NV Code / Title 55 / Chapter 672 / Section 672.490
Membership in other credit union or organization; performance of certain services
Status: in_force

A credit union may:

1. Hold membership in other credit unions organized under this chapter, in the Nevada Credit Union League and in other organizations composed of credit unions;

2. Perform such tasks and missions as may be requested by the Federal Government, the State of Nevada or any agency or political subdivision thereof, including, without limitation, a city, county or school district, when approved by the board of directors and not inconsistent with the provisions of this chapter;

3. Act as fiscal agent for and receive deposits from the Federal Government, the State of Nevada or an agency or political subdivision thereof, including, without limitation, a city, county or school district; and

4. Perform trust services for its members, including the trust estates of deceased members, and act as a custodian of qualified pension funds of self-employed individuals under the provisions of 26 U.S.C. §§ 861 et seq.
Nev. Rev. Stat. § 670B.350 — NV Code / Title 55 / Chapter 670B / Section 670B.350
Payment of assessments
Status: in_force

Each licensee shall pay, in addition to any other assessment, fee or cost required pursuant to this chapter:

1. The assessment levied pursuant to NRS 658.055 to cover all the costs related to the employment by the Commissioner of a certified public accountant and the performance by the certified public accountant of independent audits and examinations; and

2. The assessment levied pursuant to NRS 658.098 to recover the cost of legal services provided by the Attorney General to the Commissioner and to the Division of Financial Institutions.
Nev. Rev. Stat. § 672.170 — NV Code / Title 55 / Chapter 672 / Section 672.170
“Net contribution” defined
Status: in_force

“Net contribution” means the sum of all deposits which a party to a multiple-party account has made added to any dividends or interest due, less all withdrawals. It includes, in addition, any deposit life insurance proceeds added to the account because of the death of a party whose net contribution is in question.
Nev. Rev. Stat. § 657.210 — NV Code / Title 55 / Chapter 657 / Section 657.210
Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses; fees
Status: in_force

1. For the purpose of discovering violations of chapters 657 to 671, inclusive, of NRS or of securing information lawfully required under chapters 657 to 671, inclusive, of NRS, 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 chapters 657 to 671, inclusive, of NRS; and (c) Any person whom the Commissioner has reasonable cause to believe is violating or is about to violate any provision of chapters 657 to 671, inclusive, of NRS, whether or not the person claims to be within the authority or beyond the scope of chapters 657 to 671, inclusive, of NRS.

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 chapters 657 to 671, inclusive, of NRS; or (b) The subject matter of any audit, examination, investigation or hearing.

4. The Commissioner shall charge and collect from each licensee or other person a fee at the rate established and, if applicable, adjusted pursuant to NRS 658.101 for the cost of any supervision, audit, examination, investigation or hearing conducted pursuant to chapters 657 to 671, inclusive, of NRS or any regulations adopted pursuant thereto.
Nev. Rev. Stat. § 657A.230 — NV Code / Title 55 / Chapter 657A / Section 657A.230
Participant deemed to hold a license or other authorization
Status: in_force

For the purposes of any federal statute or regulation requiring a participant to hold a license or other authorization from this State in connection with a financial product or service, a participant shall be deemed to hold such a license or other authorization.
Nev. Rev. Stat. § 666A.210 — NV Code / Title 55 / Chapter 666A / Section 666A.210
State branch or agency: Segregation of assets; priority of creditors
Status: in_force

1. Each foreign bank which is licensed to establish and maintain a state branch or agency in this state shall keep the assets of its business in this state separate from the assets of its business outside this state.

2. The creditors of the business in this state conducted by a foreign bank at and recorded on the books of its state branch or agency are entitled to absolute priority over other creditors with respect to the assets of the foreign bank's offices in this state.
Nev. Rev. Stat. § 676A.760 — NV Code / Title 55 / Chapter 676A / Section 676A.760
Civil remedies
Status: in_force

1. If an individual voids an agreement pursuant to subsection 2 of NRS 676A.610 , the individual may recover in a civil action all money paid or deposited by or on behalf of the individual pursuant to the agreement, except amounts paid to creditors, in addition to the recovery under paragraphs (c) and (d) of subsection 3.

2. If an individual voids an agreement pursuant to subsection 1 of NRS 676A.610 , the individual may recover in a civil action three times the total amount of the fees, charges, money and payments made by the individual to the provider, in addition to the recovery under paragraph (d) of subsection 3.

3. Subject to subsection 4, an individual with respect to whom a provider violates this chapter may recover in a civil action from the provider and any person that caused the violation: (a) Compensatory damages for injury, including, without limitation, noneconomic injury, caused by the violation; (b) Except as otherwise provided in subsection 4 and subject to adjustment of the dollar amount pursuant to subsection 6 of NRS 676A.730 , with respect to a violation of NRS 676A.520 , 676A.540 to 676A.590 , inclusive, or 676A.630 or subsection 1 , 2 or 5 of NRS 676A.700 , the greater of the amount recoverable under paragraph (a) or $5,000; (c) Punitive damages; and (d) Reasonable attorney's fees and costs.

4. In a class action, except for a violation of paragraph (e) of subsection 1 of NRS 676A.700 , the minimum damages provided in paragraph (b) of subsection 3 do not apply.

5. In addition to the remedy available under subsection 3, if a provider violates an individual's rights under NRS 676A.550 , the individual may recover in a civil action all money paid or deposited by or on behalf of the individual pursuant to the agreement, except for amounts paid to creditors.

6. A provider is not liable under this section for a violation of this chapter if the provider proves that the violation was not intentional and resulted from a good faith error notwithstanding the maintenance of procedures reasonably adapted to avoid the error. An error of legal judgment with respect to a provider's obligations under this chapter is not a good faith error. If, in connection with a violation, the provider has received more money than authorized by an agreement or this chapter, the defense provided by this subsection is not available unless the provider refunds the excess within 2 business days after learning of the violation.

7. The Commissioner shall assist an individual in enforcing a judgment against the surety bond or other security provided under NRS 676A.390 or 676A.400 .
Nev. Rev. Stat. § 666A.020 — NV Code / Title 55 / Chapter 666A / Section 666A.020
“Agency” defined
Status: in_force

“Agency” means an office or other place of business of a foreign bank located in this state at which credit balances are maintained incidental to or arising out of the exercise of banking powers, checks are paid or money is loaned, but at which deposits are not accepted from citizens or residents of the United States.
Nev. Rev. Stat. § 666A.330 — NV Code / Title 55 / Chapter 666A / Section 666A.330
Examinations by Commissioner; fee for examinations
Status: in_force

1. A state branch, agency or representative office is subject to examination by the Commissioner to the same extent and in the same manner as if the state branch, agency or representative office were a Nevada bank.

2. In conducting an examination pursuant to this section, the Commissioner: (a) Is entitled to full access to the offices, books, accounts, papers, records, files, safes and vaults of each office; and (b) May require the attendance of and examine under oath all persons whose testimony may be required relative to the activities of the office.

3. A foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall pay a fee for conducting the examination and the expenses of preparing and typing the report of the examination at the rate established and, if applicable, adjusted pursuant to NRS 658.101 .
Nev. Rev. Stat. § 676A.260 — NV Code / Title 55 / Chapter 676A / Section 676A.260
“Trust account” defined
Status: in_force

“ Trust account ” means an account held by a provider that is:

1. Established in an insured bank;

2. Separate from other accounts of the provider or its designee;

3. Designated as a trust account or other account designated to indicate that the money in the account is not the money of the provider or its designee; and

4. Used to hold money of one or more individuals for disbursement to creditors of the individuals.
Nev. Rev. Stat. § 666.205 — NV Code / Title 55 / Chapter 666 / Section 666.205
Injunctions; civil penalty; divestiture by holding company in another state
Status: in_force

1. The Commissioner may apply to the district court for an order compelling compliance with any provision of NRS 666.065 to 666.195 , inclusive. The court may award the Commissioner the costs of bringing the action and attorney's fees.

2. The Commissioner may bring an action against a person who violates a court order or injunction issued pursuant to this section or NRS 666.065 to 666.195 , inclusive, to recover a civil penalty of not more than $10,000 for each violation.

3. The Commissioner may bring an action to require a holding company for a depository institution which acquired a depository institution in Nevada to divest itself of all interest in the acquired institution if the holding company violates: (a) An order to cease and desist issued pursuant to NRS 666.175 ; or (b) A court order or injunction issued pursuant to this section or NRS 666.065 to 666.195 , inclusive.
Nev. Rev. Stat. § 673.5915 — NV Code / Title 55 / Chapter 673 / Section 673.5915
Payment of insured deposits; subrogation
Status: in_force

1. When any state savings bank has been closed as provided in NRS 673.5912 , and the Federal Deposit Insurance Corporation pays, or makes available for payment, the insured deposit liabilities of such closed savings bank, the Federal Deposit Insurance Corporation, whether or not it has become receiver or liquidator of such closed savings bank, must be subrogated to all rights against such closed bank of the owners of such deposits in the same manner and to the same extent as subrogation of the Federal Deposit Insurance Corporation is provided for in the Federal Deposit Insurance Act in the case of the closing of a national bank.

2. The rights of depositors and other creditors of such closed savings bank will be determined in accordance with the applicable provisions of the laws of this State.
Nev. Rev. Stat. § 673.276 — NV Code / Title 55 / Chapter 673 / Section 673.276
Permissible investments
Status: in_force

A savings bank may invest in:

1. Without limit, obligations of, or obligations guaranteed as to principal and interest by, the United States or any state.

2. Obligations of the United States Postal Service, whether or not guaranteed as to principal and interest by the United States.

3. Stock of a Federal Home Loan Bank or Federal Reserve Bank of which the savings bank is eligible to be a member.

4. Any obligations or consolidated obligations of any Federal Home Loan Bank or Banks or any Federal Reserve Bank or Banks.

5. Stock or obligations of the Federal Deposit Insurance Corporation.

6. Stock or obligations of a national mortgage association or any successor or successors thereto, including the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation.

7. Demand, time or savings deposits with any bank, credit union or trust company whose deposits are insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 672.755 .

8. Stock or obligations of any corporation or agency of the United States or any state, or in deposits therewith to the extent that such a corporation or agency assists in furthering or facilitating the purposes or powers of the savings bank.

9. Deposit accounts of any insured depository institution licensed by the State and of any federally chartered depository institution, if the accounts of such institution are insured by the Federal Deposit Insurance Corporation.

10. Bonds, notes or other evidences of indebtedness which are general obligations of any city, town, county, school district or other municipal corporation or political subdivision of any state.

11. Any other investment at the discretion of the directors of the savings bank if, after the investment is made, the accounts of the savings bank remain insurable by the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 677.600 — NV Code / Title 55 / Chapter 677 / Section 677.600
Permissible depositories
Status: in_force

A licensee shall not deposit any of its money with any other moneyed corporation, unless that corporation has been designated as a depository by a majority vote of the directors or the executive committee, exclusive of any director who is an officer, director or trustee of the depository so designated. Such a depository must be a federally insured financial institution, a financial institution insured by a private insurer approved pursuant to NRS 672.755 or any Federal Reserve Bank.
Nev. Rev. Stat. § 672.779 — NV Code / Title 55 / Chapter 672 / Section 672.779
Designated reporter: Designation; duty to report; immunity
Status: in_force

1. Each credit union shall designate a person or persons to whom an employee of the credit union must report known or suspected exploitation of an older person or vulnerable person.

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

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

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

5. An employee and the designated reporter are entitled to the immunity from liability set forth in NRS 200.5096 for making a report in good faith.
Nev. Rev. Stat. § 672.346 — NV Code / Title 55 / Chapter 672 / Section 672.346
Examination of records; revocation of certificate
Status: in_force

The Commissioner may:

1. Examine the records of any foreign credit union which holds a certificate of authority issued by the Commissioner at any time he or she deems necessary.

2. Revoke a certificate of authority issued to a credit union if he or she finds that the credit union has violated any provision of this chapter or the regulations of the Commissioner.
Nev. Rev. Stat. § 666A.160 — NV Code / Title 55 / Chapter 666A / Section 666A.160
State branch or agency: Engaging in fiduciary activities; regulations
Status: in_force

1. No foreign bank which is licensed to establish and maintain a state branch or agency may engage in fiduciary activities at that office unless the foreign bank first obtains a certificate of authority from the Commissioner to engage in fiduciary activities there.

2. An application to obtain a certificate of authority to engage in fiduciary activities must be in such form and contain such information as the Commissioner may require and must be accompanied by a fee of not more than $1,000. The Commissioner shall issue a certificate of authority to engage in fiduciary activities to a foreign bank making an application under this section if the Commissioner finds that the foreign bank will exercise fiduciary powers in accordance with the laws and regulations of this State.

3. A foreign bank which holds a certificate of authority issued pursuant to this section may engage at its state branch or agency in fiduciary activities to the same extent and in the same manner as if the foreign bank were a Nevada bank.

4. A foreign bank which holds a certificate of authority issued pursuant to this section shall file reports and be subject to examination and supervision to the same extent and in the same manner as if the foreign bank were a Nevada bank.

5. The Commissioner may suspend or revoke a certificate to engage in fiduciary activities issued pursuant to this section if the Commissioner finds that: (a) Conditions exist which would authorize the Commissioner to revoke or suspend the foreign bank's license to establish and maintain a state branch or agency; or (b) Any fact or condition exists which, if it had existed at the time of the foreign bank's original application to obtain a certificate of authority to engage in fiduciary activities, would have resulted in the Commissioner’s refusing to issue the certificate of authority.

6. The Commissioner shall adopt regulations establishing the amount of the application fee required pursuant to this section.
Nev. Rev. Stat. § 670B.370 — NV Code / Title 55 / Chapter 670B / Section 670B.370
Fees paid are nonrefundable
Status: in_force

All fees paid pursuant to this chapter are nonrefundable, including, without limitation, if a license is surrendered, revoked or suspended before the expiration of the period for which it was issued.
Nev. Rev. Stat. § 676A.210 — NV Code / Title 55 / Chapter 676A / Section 676A.210
“Provider” defined
Status: in_force

“ Provider ” means a person that provides, offers to provide or agrees to provide debt-management services directly or through others.
Nev. Rev. Stat. § 666A.320 — NV Code / Title 55 / Chapter 666A / Section 666A.320
Authority of Commissioner
Status: in_force

1. The Commissioner has all of the powers granted to the Commissioner by the laws of this state to the same extent and in the same manner as if a state branch, agency or representative office were a Nevada bank.

2. If, after notice and a hearing, the Commissioner finds that any person has violated any provision of this chapter or of any regulation or order issued under this chapter, the Commissioner may, in addition to any other remedy or action available to the Commissioner under the laws of this state, order the violator to pay to the Commissioner a civil penalty in such a manner and in such an amount as the Commissioner determines by regulation, consistent with the penalties provided for Nevada banks.

3. To carry out the purposes of this chapter, the Commissioner may: (a) Enter into cooperative, coordinating or information-sharing agreements with any other bank supervisory agency or any organization affiliated with or representing one or more bank supervisory agencies; (b) With respect to periodic examination or other supervision of a foreign bank that maintains a state branch, agency or representative office, accept reports of examinations performed by, and reports submitted to, other bank supervisory agencies in lieu of conducting examinations, or of receiving reports, as might otherwise be required under this chapter; and (c) Enter into joint examinations or joint enforcement actions with any other bank or supervisory agency having concurrent jurisdiction over any foreign bank, but the Commissioner may at any time take any such actions independently if the Commissioner determines that such actions are necessary or appropriate to carry out the Commissioner’s responsibilities under this chapter and to ensure compliance with the laws of this state.
Nev. Rev. Stat. § 666A.110 — NV Code / Title 55 / Chapter 666A / Section 666A.110
State representative office: License required; exemption from licensing
Status: in_force

1. No foreign bank may establish or maintain a state representative office unless the foreign bank is licensed by the Commissioner to maintain a state representative office.

2. A foreign bank that maintains a federal agency or branch in this state may establish or maintain one or more federal representative offices in this state.
Nev. Rev. Stat. § 672.180 — NV Code / Title 55 / Chapter 672 / Section 672.180
“Party” defined
Status: in_force

“Party” means any person who, by the terms of the account, has a present right of withdrawal in a multiple-party account. Unless the context indicates otherwise, it includes a guardian, conservator-trustee, personal representative, assignee, an attaching creditor of a party or a trustee. This term does not include any named beneficiary.
Nev. Rev. Stat. § 658.055 — NV Code / Title 55 / Chapter 658 / Section 658.055
Deputy commissioners; other employees; independent audits and examinations; assessments; Account for Auditing Financial Institutions
Status: in_force

1. The Commissioner may appoint deputy commissioners of financial institutions, examiners, assistants, clerks, stenographers and other employees necessary to assist the Commissioner in the performance of the Commissioner's duties pursuant to this title or any other law. These employees shall perform such duties as are assigned to them by the Commissioner.

2. The Commissioner shall employ a certified public accountant to review and conduct independent audits and examinations of financial institutions. The Commissioner shall levy an assessment upon each licensed financial institution to cover all of the costs related to the employment of the certified public accountant and the performance of the audits and examinations.

3. Assessments collected by the Commissioner pursuant to subsection 2 must be deposited in the State Treasury for credit to the Account for Auditing Financial Institutions, which is hereby created in the State General Fund. Money in the Account may be used by the Commissioner or for any purpose authorized by the Legislature. The Commissioner may advance money from the Account, for the purposes specified in subsection 2.
Nev. Rev. Stat. § 670B.220 — NV Code / Title 55 / Chapter 670B / Section 670B.220
Statement concerning obligation for child support required for issuance or renewal of license; suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license
Status: in_force

<See notes for changes to this section effective under certain conditions. >

Except as otherwise provided in NRS 670B.240 :

1. In addition to any other requirements set forth in this chapter, a natural person who applies for the issuance or renewal of a license as a student loan servicer or, if the applicant is not a natural person, each control person of the applicant, shall: (a) Include the social security number of the applicant or control person, as applicable, in the application submitted to the Commissioner. (b) Submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520 .

2. The Commissioner shall include the statement required pursuant to subsection 1 in: (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or (b) A separate form prescribed by the Commissioner.

3. A license as a student loan servicer may not be issued or renewed by the Commissioner if the applicant or any control person of an applicant: (a) Fails to submit the statement required by subsection 1; or (b) Indicates on the statement submitted pursuant to subsection 1 that he or she is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.

4. If an applicant or a control person indicates on the statement submitted pursuant to subsection 1 that he or she is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant or control person, as applicable, to contact the district attorney or other public agency enforcing the order to determine the actions that he or she may take to satisfy the arrearage.

5. If the Commissioner receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to an applicant or control person, the Commissioner shall deem that license to be suspended at the end of the 30th day after the date on which the court order was issued unless the Commissioner receives a letter issued to the applicant or control person by the district attorney or other public agency pursuant to NRS 425.550 stating that he or she has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .

6. The Commissioner shall reinstate a license as a student loan servicer that has been suspended by a district court pursuant to NRS 425.540 if the Commissioner receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the applicant or a control person of the applicant stating that the applicant or control person, as applicable, has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .
Nev. Rev. Stat. § 657A.180 — NV Code / Title 55 / Chapter 657A / Section 657A.180
“Test” defined
Status: in_force

“ Test ” means to offer or provide a financial product or service through the Program.
Nev. Rev. Stat. § 677.350 — NV Code / Title 55 / Chapter 677 / Section 677.350
Applicability of chapter to persons who seek to evade
Status: in_force

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

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

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

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

4. The real or pretended negotiation, arrangement or procurement of a loan through any use or activity of a third person, whether real or fictitious.
Nev. Rev. Stat. § 671.014 — NV Code / Title 55 / Chapter 671 / Section 671.014
“Nationwide Multistate Licensing System and Registry” or “Registry” defined
Status: in_force

“ Nationwide Multistate Licensing System and Registry ” or “ Registry ” has the meaning ascribed to it in NRS 604A.083 .
Nev. Rev. Stat. § 672.530 — NV Code / Title 55 / Chapter 672 / Section 672.530
Subscription to and transfer of shares; lien for sums due; reduction in shares
Status: in_force

1. Shares may be subscribed to, paid for and transferred in such manner as the bylaws may prescribe. A certificate shall not be issued to denote ownership of a share in a credit union.

2. The credit union may impress a lien on the shares, deposits, accumulated dividends or interest of a member in his or her individual, joint or trust account for any sum due the credit union from such member or for any loan endorsed by him or her.

3. If the losses of any credit union, resulting from a depreciation in value of its loans or investments or otherwise, exceed its undivided earnings and reserve fund so that the estimated value of its assets is less than the total amount due the shareholders, the credit union may, by a majority vote of the entire membership, order a reduction in the shares of each of its shareholders to divide the loss proportionately among the members. If thereafter the credit union realizes from such assets a greater amount than was fixed by the order of reduction, such excess shall be divided among the shareholders whose assets were reduced, but only to the extent of such reduction.
Nev. Rev. Stat. § 672.730 — NV Code / Title 55 / Chapter 672 / Section 672.730
Loans to and guaranties by directors and members of committees
Status: in_force

1. A credit union may make loans to its directors and to members of its committees, except that any loan or aggregate of loans to any one director or member of a committee which is more than $30,000 plus pledged shares must be approved by the board.

2. A credit union may permit its directors and members of its committees to act as guarantor or endorser of loans to other members, except that when such a loan standing alone or when added to any outstanding loan to the guarantor is more than $30,000, approval of the board is required.
Nev. Rev. Stat. § 677.390 — NV Code / Title 55 / Chapter 677 / Section 677.390
Disposition of money collected pursuant to chapter
Status: in_force

Except as otherwise provided in NRS 677.160 , all fees and charges collected under the provisions of this chapter must be deposited in the State Treasury pursuant to the provisions of NRS 658.091 .
Nev. Rev. Stat. § 676A.410 — NV Code / Title 55 / Chapter 676A / Section 676A.410
Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding registration
Status: in_force

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

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

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

4. The provisions of this section shall not be construed to replace or affect the authority of the Commissioner to grant, deny, suspend, terminate, revoke or refuse to renew a certificate of registration.
Nev. Rev. Stat. § 661.195 — NV Code / Title 55 / Chapter 661 / Section 661.195
Liability of directors, managers, officers and other persons
Status: in_force

Any director, manager, officer or other person who knowingly and intentionally participates in any violation of the laws of this state relating to banks is liable for all damage which the bank, its stockholders, members, depositors or creditors sustain as a result of that violation.
Nev. Rev. Stat. § 672.020 — NV Code / Title 55 / Chapter 672 / Section 672.020
“Account” defined
Status: in_force

“Account” means a contract of deposit of funds between a member and a credit union and includes deposits, member or share accounts and other like arrangements regardless of whether they may be characterized as refundable capital investments.
Nev. Rev. Stat. § 673.045 — NV Code / Title 55 / Chapter 673 / Section 673.045
Amendment or alteration of license by Commissioner; appeal
Status: in_force

The Commissioner may, for reasonable cause and upon 15 days' notice, amend or alter any license issued by him or her, but the savings bank may appeal the order of the Commissioner in the manner provided in this chapter.
Nev. Rev. Stat. § 670B.270 — NV Code / Title 55 / Chapter 670B / Section 670B.270
Submission and processing of fingerprints
Status: in_force

1. The Commissioner may require an applicant for a license or a licensee 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 a license or a licensee.
Nev. Rev. Stat. § 666.020 — NV Code / Title 55 / Chapter 666 / Section 666.020
Powers of Nevada depository institution or its holding company after acquisition of or merger with out-of-state depository institution; applicable laws; powers of Commissioner
Status: in_force

1. A Nevada depository institution or its holding company that acquires an out-of-state depository institution, a Nevada depository institution that is the resulting depository institution after merging with an out-of-state depository institution, or a Nevada depository institution that otherwise establishes or acquires a branch outside of this state, may, in accordance with applicable state and federal law: (a) Continue to operate the out-of-state depository institution or branch; (b) Convert any existing main office or branch outside of this state into a branch of the Nevada depository institution; (c) Establish or acquire additional branches of the Nevada depository institution in any state where the out-of-state institution could have done so if it had not been acquired or merged; (d) Continue or establish its principal office or principal place of business outside this state notwithstanding the provisions of NRS 660.015 and 662.245 ; and (e) Subject to the approval of the Commissioner, exercise any power and engage in any activity outside of this state to the same extent as the out-of-state depository institution could have if it had not been acquired or merged, even if the Nevada depository institution is not authorized to exercise those powers or engage in those activities in this state.

2. The Commissioner shall not approve the exercise of any power or the engagement in any activity pursuant to paragraph (d) or (e) of subsection 1 if the Commissioner determines that the exercise of that power or the engagement in that activity would be inconsistent with safe and sound banking practices.

3. Except as otherwise provided in paragraph (d) of subsection 1, a branch outside this state of a Nevada depository institution shall comply with, and have all rights and powers prescribed in, the laws of this state relating to depository institutions.

4. This section does not affect the authority of the Commissioner to examine, supervise and regulate a Nevada depository institution operating or seeking to operate a branch outside this state.
Nev. Rev. Stat. § 676A.350 — NV Code / Title 55 / Chapter 676A / Section 676A.350
Issuance of certificate of registration; temporary certificate of registration; grounds for denial of registration
Status: in_force

1. Except as otherwise provided in subsections 3 and 4, the Commissioner shall issue a certificate of registration as a provider to a person that complies with NRS 676A.310 and 676A.320 .

2. If an applicant has otherwise complied with NRS 676A.310 and 676A.320 and has made a timely effort to submit a complete set of fingerprints of each applicable person specified in NRS 676A.440 , but the fingerprints have not been received, the Commissioner may issue a temporary certificate of registration. The temporary certificate expires not later than 180 days after issuance.

3. The Commissioner may deny registration if: (a) The application contains information that is materially erroneous or incomplete; (b) An officer, director or owner of the applicant has been convicted of a crime, or suffered a civil judgment, involving dishonesty or the violation of state or federal securities laws; (c) The applicant or any of its officers, directors or owners have defaulted in the payment of money collected for others; or (d) The Commissioner finds that the financial responsibility, experience, character or general fitness of the applicant or its owners, directors, employees or agents does not warrant belief that the business will be operated in compliance with this chapter.

4. The Commissioner shall deny registration if, with respect to an applicant that is organized as a nonprofit entity or has obtained tax-exempt status under the Internal Revenue Code, 26 U.S.C. § 501 , the applicant's board of directors is not independent of the applicant's employees and agents.

5. Subject to adjustment of the dollar amount pursuant to subsection 6 of NRS 676A.730 , a board of directors is not independent for purposes of subsection 4 if more than one-fourth of its members: (a) Are affiliates of the applicant, as defined in subsection 1 of NRS 676A.030 or paragraph (a), (b), (d), (e), (f) or (g) of subsection 2 of NRS 676A.030 ; or (b) After the date 10 years before first becoming a director of the applicant, were employed by or directors of a person that received from the applicant more than $25,000 in either the current year or the preceding year.
Nev. Rev. Stat. § 673.115 — NV Code / Title 55 / Chapter 673 / Section 673.115
Restrictions on advertising
Status: in_force

1. A savings bank shall not issue or publish, or cause or permit to be issued or published, any advertisement that it is doing or is permitted to do any business which is prohibited by law to a savings bank, or which misrepresents the nature of its stock, investment certificates, savings deposits or the right of investors or depositors in respect thereto.

2. A savings bank may set forth in any of its advertisements any of the purposes for which it is organized.

3. A savings bank shall not issue, circulate or publish any advertisement after notice in writing from the Commissioner that in his or her opinion the advertisement is unauthorized, false, misleading or likely to deceive the public.

4. A savings bank shall not: (a) State in any advertisement that it is under state supervision or control. (b) Include in any advertisement or in any instrument used by it a replica of the Great Seal of the State of Nevada. (c) Use the word “deposit” or “deposits” in any form of advertising that would be prohibited under federal law.
Nev. Rev. Stat. § 677.435 — NV Code / Title 55 / Chapter 677 / Section 677.435
Independent audit and examination: Payment of assessment; cooperation
Status: in_force

Each licensee shall pay the assessment levied pursuant to NRS 658.055 and cooperate fully with the audits and examinations performed pursuant thereto.
Nev. Rev. Stat. § 672.820 — NV Code / Title 55 / Chapter 672 / Section 672.820
Voluntary dissolution
Status: in_force

1. At a meeting called to consider dissolution, the membership may vote to dissolve a credit union if notice of the meeting is mailed to the members at least 10 days prior thereto. Any member who is not present at the meeting may, within 20 days after the meeting, vote by signing a form furnished by the Division of Financial Institutions and filing the form with the secretary of the credit union. An affirmative vote of a majority of the members who vote at the meeting or by filing the form is required to dissolve the credit union.

2. If the members vote to dissolve, the credit union shall, except for the purpose of liquidation, cease its business operations immediately.

3. The chair shall, within 5 days after an affirmative vote to dissolve the credit union, notify the Division of Financial Institutions by mail of the credit union's intention to liquidate and include with the notice a list of the names and addresses of the directors and officers.
Nev. Rev. Stat. § 672.850 — NV Code / Title 55 / Chapter 672 / Section 672.850
Organization and operation; rights and powers
Status: in_force

1. A central credit union may be organized and operated under the provisions of this chapter by any three credit unions incorporated within this state. A central credit union is subject to all provisions not inconsistent with this section and shall use the term “central” in its official name.

2. A central credit union has all the rights and powers of any other credit union organized under this chapter and, in addition, a central credit union may: (a) Make loans to other credit unions; (b) Purchase shares and make deposits in other credit unions; (c) Obtain the assets and liabilities of any credit union operating in this state which enters into liquidation; (d) Invest in and grant loans to associations of credit unions or organizations chartered to provide exclusive service to credit unions; and (e) Borrow money from any source and issue notes or debentures.
Nev. Rev. Stat. § 657.085 — NV Code / Title 55 / Chapter 657 / Section 657.085
“Time deposit” defined
Status: in_force

“Time deposit” means a deposit which:

1. The depositor does not have a right to withdraw for a period of 7 days or more after the date of deposit; and

2. Is payable at the expiration of a specified time not less than 7 days after the date of deposit.
Nev. Rev. Stat. § 672.560 — NV Code / Title 55 / Chapter 672 / Section 672.560
Savings deposits; special clubs and accounts
Status: in_force

1. A credit union may receive savings deposits from its members, subject to such conditions and such return as may be established by the board.

2. Christmas clubs, vacation clubs and other thrift accounts may be operated in accordance with the provisions of the bylaws.
Nev. Rev. Stat. § 669.042 — NV Code / Title 55 / Chapter 669 / Section 669.042
“Family trust company” defined
Status: in_force

1. “ Family trust company ” means a corporation or limited-liability company that: (a) Acts or proposes to act as a fiduciary; (b) Is organized or qualified to do business in this State to serve family members; and (c) Does not: (1) Transact trust company business with; (2) Propose to act as a fiduciary for; or (3) Solicit trust company business from, a person who is not a family member.

2. As used in this section: (a) “ 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 under this chapter 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. (b) “ Family member ” includes, without limitation, the designated relative and: (1) Any person within the tenth degree of lineal kinship to the designated relative; (2) Any person within the ninth degree of collateral kinship to the designated relative; (3) Any nonfamily member who is an individual beneficiary under a will or trust created by a family member specified in subparagraph (1) or (2), including the spouse and issue of that person; (4) The spouse and any former spouse of the designated relative or of any person qualifying as a family member under subparagraph (1) or (2); (5) Any person within the fifth degree of lineal kinship of a spouse or former spouse identified in subparagraph (3) or (4); (6) A family affiliate and the officers, managers and directors of that family affiliate and their immediate families; (7) An inter vivos or testamentary trust established by a family member either individually or jointly with a spouse or third party and any trustee, advisor or other person assisting with administration of that trust; (8) An inter vivos or testamentary trust established by a person who is not a family member if noncharitable beneficiaries of that trust include family members; (9) The estate of a family member; (10) The estate of a nonfamily member if the noncharitable beneficiaries of that estate include family members; and (11) A charitable foundation, charitable trust or charitable entity of which a family member is an organizer, incorporator, officer, member of the governing board, trustee, major donor or noncharitable beneficiary and the officers, directors, individual trustees and managers of that foundation, trust or entity and their immediate families.

3. For the purposes of this section: (a) A family member is not a member of the public. (b) A legally adopted person must be treated as a natural child of the adoptive parents. (c) A stepchild must be treated as a natural child of the family member who is or was the stepparent of that child. (d) Children of a spouse of a family member must be treated as natural children of that family member. (e) Degrees are calculated by adding the number of steps from the designated relative through each person to the family member either directly, in the case of lineal kinship, or through the common ancestor, in the case of collateral kinship. As used in this paragraph: (1) “ Collateral kinship ” means a relationship that is not lineal but stems from a common ancestor. (2) “ Lineal kinship ” means a family member who is in the direct line of ascent or descent from the designated relative.
Nev. Rev. Stat. § 672.680 — NV Code / Title 55 / Chapter 672 / Section 672.680
Special reserves
Status: in_force

In addition to regular reserve, special reserves to protect the interest of members must be established when:

1. Required by regulations issued by the Commissioner; or

2. Directed by the board of the credit union.
Nev. Rev. Stat. § 669.2847 — NV Code / Title 55 / Chapter 669 / Section 669.2847
Revocation or suspension of license; notice and hearing required; administrative fines
Status: in_force

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

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

3. The grounds for revocation or suspension of a license are that: (a) The licensee has failed to pay the annual license fee; (b) The licensee, either knowingly or without any exercise of due care to prevent it, has violated any provision of this chapter or any regulation adopted pursuant thereto or any lawful order of the Division of Financial Institutions; (c) The licensee has failed to pay a tax as required pursuant to the provisions of chapter 363A or 363C of NRS ; (d) Any fact or condition exists which would have justified the Commissioner in denying the licensee's original application for a license pursuant to the provisions of this chapter; or (e) The licensee: (1) Failed to open an office for the conduct of the business authorized by his or her license within 180 days after the date the license was issued; or (2) Has failed to remain open for the conduct of the business for a period of 30 days without good cause therefor.

4. An order suspending or revoking a license becomes effective 5 days after being entered unless the order specifies otherwise or a stay is granted.
Nev. Rev. Stat. § 673.830 — NV Code / Title 55 / Chapter 673 / Section 673.830
Violation of chapter or sale of securities through fraudulent misrepresentation
Status: in_force

Any person who shall violate any provision of this chapter or sell any securities as the result of any fraudulent misrepresentation shall be guilty of a misdemeanor, and the license issued to him or her shall be forfeited and revoked.
Nev. Rev. Stat. § 671.0185 — NV Code / Title 55 / Chapter 671 / Section 671.0185
“Tangible net worth” defined
Status: in_force

“ Tangible net worth ” means the aggregate assets of a licensee excluding all intangible assets, less liabilities, as determined in accordance with generally accepted accounting principles in the United States.
Nev. Rev. Stat. § 670B.110 — NV Code / Title 55 / Chapter 670B / Section 670B.110
“Student loan borrower” defined
Status: in_force

“ Student loan borrower ” means a:

1. Resident of this State who receives or agrees to pay a student education loan; or

2. Person who shares responsibility with such a resident for repaying the student education loan.
Nev. Rev. Stat. § 671.385 — NV Code / Title 55 / Chapter 671 / Section 671.385
Authority of Commissioner to participate in multistate supervisory processes; authority to conduct examination or investigation or otherwise take action not waived; fees not waived
Status: in_force

1. The Commissioner may participate in multistate supervisory processes established between states and coordinated through the Conference of State Bank Supervisors, the Money Transmitter Regulators Association and the affiliates and successors thereof for all licensees that hold licenses in this State and in other states. As a participant in such a process, the Commissioner may: (a) Cooperate, coordinate and share information with other state and federal regulators in accordance with the provisions of this chapter; (b) Enter into written cooperation, coordination or information-sharing contracts or agreements with organizations whose membership consists of state or federal governmental agencies; and (c) Cooperate, coordinate and share information with organizations whose membership is made up of state or federal governmental agencies if any such organization agrees to maintain the confidentiality and security of the shared information pursuant to NRS 671.365 .

2. The Commissioner may not waive, and nothing in the provisions of this section constitutes a waiver of, the authority of the Commissioner to conduct an examination or investigation or otherwise take action authorized by the provisions of this chapter or the regulations adopted pursuant thereto to enforce compliance with applicable state or federal laws.

3. A joint examination or investigation or acceptance of an examination or investigation report does not waive the fee set forth in NRS 671.375 .
Nev. Rev. Stat. § 660.215 — NV Code / Title 55 / Chapter 660 / Section 660.215
Notice of basic precautions: Requirements; issuance to customers; sufficiency
Status: in_force

1. Each issuer of a device for access to an automated teller shall deliver personally or by mail to each customer, except as otherwise provided in this section, whose mailing address for the account to which the device relates is in this state, a notice of basic precautions to be taken by the customer. Only one notice need be furnished per household, and if devices for access are furnished to more than one customer for a single account or set of accounts or on the basis of a single application or other request for the devices, a single notice may be furnished in satisfaction of the requirements of this section as to all those customers. The information may be included with other disclosures related to the device furnished to the customer, such as an initial or periodic disclosure furnished pursuant to federal law.

2. The notice required by this section is sufficient if the customer is advised to: (a) Be aware of his or her surroundings, particularly later than a half hour after sunset; (b) Consider having someone accompany him or her when the automated teller is used later than a half hour after sunset; (c) Refrain from displaying his or her cash, pocket the cash as soon as the transaction is completed and count the cash later in the safety of his or her car or home; (d) Consider using another automated teller, or coming back later, if he or she notices anything suspicious; (e) Consider cancelling the transaction, pocketing the device for access and leaving if he or she notices anything suspicious while transacting business at the automated teller; and (f) Report all crimes to the operator of the automated teller and to local law enforcement officials immediately.
Nev. Rev. Stat. § 667.055 — NV Code / Title 55 / Chapter 667 / Section 667.055
Enforcement of individual liability of stockholders or members and directors or managers of closed bank
Status: in_force

Among its other powers, the Federal Deposit Insurance Corporation, in the performance of its powers and duties as receiver or liquidator, may, upon the order of a court of record of competent jurisdiction, enforce the individual liability of the stockholders or members and directors or managers of any such bank.
Nev. Rev. Stat. § 673.4835 — NV Code / Title 55 / Chapter 673 / Section 673.4835
Independent audit and examination: Payment of assessment; cooperation
Status: in_force

Each savings bank shall pay the assessment levied pursuant to NRS 658.055 and cooperate fully with the audits and examinations performed pursuant thereto.
Nev. Rev. Stat. § 672.769 — NV Code / Title 55 / Chapter 672 / Section 672.769
“Designated reporter” defined
Status: in_force

“ Designated reporter ” means a person designated by a credit union to receive reports of known or suspected exploitation of an older person or vulnerable person pursuant to NRS 672.779 .
Nev. Rev. Stat. § 671.165 — NV Code / Title 55 / Chapter 671 / Section 671.165
Acquisition of control of licensee: Request for determination of whether person will be considered person in control upon consummation of proposed transaction; authority of Commissioner if requester is subject to multistate licensing process
Status: in_force

1. Before filing an application for approval to acquire control of a licensee pursuant to NRS 671.155 , a person may request in writing a determination from the Commissioner as to whether the person would be considered a person in control of a licensee upon consummation of a proposed transaction. If the Commissioner determines that the person would not be a person in control of a licensee, the proposed person and transaction is not subject to the requirements of NRS 671.155 .

2. If a multistate licensing process includes a determination pursuant to this section and the person 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 control determination of a state which is a lead investigative state in the multistate licensing process 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 person in the time frames established by agreement through the multistate licensing process.
Nev. Rev. Stat. § 672.420 — NV Code / Title 55 / Chapter 672 / Section 672.420
Officers: Election; designation; bonds; terms; duties
Status: in_force

1. At the organizational meeting and within 30 days following each annual meeting, the directors shall elect, from their own number, the executive officers of the corporation. The officers must be designated as: (a) Chair of the board; (b) Vice chair of the board; (c) Treasurer; and (d) Secretary. The treasurer and secretary may be the same person.

2. The treasurer or general manager shall give a fidelity bond with good and sufficient surety in an amount and character to be determined by the board in compliance with regulations prescribed by the Commissioner.

3. Each officer shall serve a term of 1 year or until such time as successors are chosen and have qualified.

4. The duties of each office must be as prescribed in the bylaws of the credit union.
Nev. Rev. Stat. § 657A.420 — NV Code / Title 55 / Chapter 657A / Section 657A.420
Approval or denial of application; notice of approval or denial
Status: in_force

1. Except as otherwise provided in this subsection, the Director may approve or deny any application or request submitted pursuant to this chapter. The Director may not approve an application or request if provision of the relevant financial product or service to consumers in this State would exceed the applicable limitation provided by subsection 2 or 3 of NRS 657A.300 .

2. The Director shall give the applicant or participant written notice of the approval or denial of the application or request within 5 business days after the date of approval or denial.

3. The approval or denial of an application or request is final and not subject to administrative or judicial review.
Nev. Rev. Stat. § 666.045 — NV Code / Title 55 / Chapter 666 / Section 666.045
Merger or consolidation of national bank with state bank; incorporation of national bank as state bank
Status: in_force

1. Any national bank doing business in this state may, with the approval of the Commissioner, merge or consolidate with a state bank or incorporate as a state bank as provided in chapters 657 to 671, inclusive, of NRS for the organization of banks.

2. The Commissioner shall, when approving or rejecting the proposed merger or consolidation, base his or her decision on the considerations provided in NRS 666.035 .

3. The Commissioner may accept good assets of the national bank, at their actual cash value, in lieu of cash payments for the stock of the state bank.
Nev. Rev. Stat. § 677.090 — NV Code / Title 55 / Chapter 677 / Section 677.090
“Gross amount” defined
Status: in_force

“Gross amount” means the total amount or value advanced to or on behalf of the borrower, including all payments for interest, principal, expenses and charges of any nature taken substantially contemporaneously with the making of the loan.
Nev. Rev. Stat. § 675.200 — NV Code / Title 55 / Chapter 675 / Section 675.200
Transferability or assignability of license
Status: in_force

Licenses shall not be transferable or assignable.
Nev. Rev. Stat. § 666A.390 — NV Code / Title 55 / Chapter 666A / Section 666A.390
Service of processes, notices and demands
Status: in_force

1. In the case of a foreign bank which is licensed to establish and maintain a state branch or agency, service of process in any suit, action or proceeding or service of any notice or demand required or permitted by law to be served on a foreign corporation may be made on the foreign bank by service thereof on the registered agent of the foreign bank in this state. If a foreign bank fails to appoint or maintain a registered agent upon whom service of legal process or service of any such notice or demand may be had, or if the registered agent cannot with reasonable diligence be found at the registered office of the foreign bank, or if the license of the foreign bank's state branch or agency is revoked, the Commissioner by operation of law is irrevocably authorized as the agent of the foreign bank to accept service of any process or service of any notice or demand required or permitted by law to be served on the foreign bank.

2. In the case of a foreign bank which is licensed to establish and maintain a state representative office, service of process in any suit, action or proceeding or service of any notice or demand required or permitted by law to be served on a foreign corporation may be made on the foreign bank by service thereof on the Commissioner.

3. Service on the Commissioner in accordance with this section of any process, notice or demand against a foreign bank must be made by delivering to and leaving with the Commissioner, or with any official having charge of the Commissioner’s office, duplicate copies of the process, notice or demand. If any process, notice or demand is served on the Commissioner, the Commissioner shall immediately cause a copy thereof to be forwarded by certified mail addressed to the foreign bank at its principal office as the address appears in the Commissioner’s records. Any service so had on the Commissioner is returnable in not less than 30 days.

4. This chapter does not limit or affect the right to serve any process, notice or demand required or permitted by law to be served upon a foreign corporation in any other manner permitted by law.

5. The Commissioner shall keep a record of all processes, notices and demands served upon the Commissioner under this section and shall record therein the time of service and the Commissioner’s action with reference thereto.
Nev. Rev. Stat. § 676A.620 — NV Code / Title 55 / Chapter 676A / Section 676A.620
Provider may terminate agreement for nonpayment
Status: in_force

1. If an individual who has entered into an agreement fails for 60 days to make payments required by the agreement, a provider may terminate the agreement.

2. If a provider or an individual terminates an agreement, the provider shall immediately return to the individual any money of the individual held in trust for the benefit of the individual.
Nev. Rev. Stat. § 677.750 — NV Code / Title 55 / Chapter 677 / Section 677.750
Prohibited practices by licensee
Status: in_force

A licensee shall not:

1. Take any confession of judgment or any power of attorney running to himself or herself or to any third person to confess judgment or to appear for the borrower in a judicial proceeding.

2. Take any note or promise to pay which does not disclose the date and amount of the loan obligation, a schedule or description of the payments to be made thereon, and the rate or aggregate amount of agreed charges.

3. Take any instrument in which blanks are left to be filled in after the loan is made.
Nev. Rev. Stat. § 668.115 — NV Code / Title 55 / Chapter 668 / Section 668.115
Violation constitutes misdemeanor unless otherwise specified
Status: in_force

Where no other punishment is provided in chapters 657 to 671, inclusive, of NRS, any person violating any of the provisions of chapters 657 to 671, inclusive, of NRS is guilty of a misdemeanor.
Nev. Rev. Stat. § 675.450 — NV Code / Title 55 / Chapter 675 / Section 675.450
Preexisting contracts unaffected by revocation, suspension, expiration or surrender of license
Status: in_force

No revocation, suspension, expiration or surrender of any license impairs or affects the obligation of any preexisting lawful contract between the licensee and any obligors. Such a contract and all lawful charges thereon may be collected by the licensee, its successors or assigns.
Nev. Rev. Stat. § 660.235 — NV Code / Title 55 / Chapter 660 / Section 660.235
Preemption of codes, ordinances and regulations of local governments relating to safety of customers at automated tellers
Status: in_force

1. NRS 660.115 to 660.235 , inclusive, supersede and preempt all codes, ordinances or regulations of counties, cities, towns and local agencies regarding the safety of customers at automated tellers located in this state.

2. Substantial compliance with those sections is conclusive evidence that the operator of an automated teller has provided adequate measures for the safety of his or her customers.
Nev. Rev. Stat. § 665.125 — NV Code / Title 55 / Chapter 665 / Section 665.125
Powers and duties concerning examinations
Status: in_force

1. The examiners of financial institutions shall verify all reports made to the Commissioner by the officers and directors of any banking corporation, as required by chapters 657 to 671, inclusive, of NRS or by the Commissioner.

2. The officers of every bank shall submit and surrender its books, assets, papers and concerns to the examiners appointed by the Commissioner, who shall retain the custody and possession of such books, assets, papers and concerns for such length of time as may be required for the purpose of making an examination as required by chapters 657 to 671, inclusive, of NRS.

3. If any officer refuses to surrender such books, assets, papers and concerns, or refuses to be examined under oath touching the affairs of such bank, the Commissioner may forthwith take possession of the property and business of the bank and liquidate its affairs in accordance with the provisions of chapters 657 to 671, inclusive, of NRS.
Nev. Rev. Stat. § 665.165 — NV Code / Title 55 / Chapter 665 / Section 665.165
Retention of records and other information; adoption and review of regulations; reproduction of original authorized
Status: in_force

1. Every state bank shall retain its business records for such periods as are or may be prescribed by or in accordance with the terms of this section.

2. Each state bank shall retain permanently the minute books of meetings of its stockholders and directors, any analogous formal proceedings of its members or managers, its stock ledger and stock certificate ledger or stubs, its general ledger, its investment ledger, its copies of bank examination reports, and all records which the Commissioner in accordance with this section requires to be retained permanently.

3. All other bank records must be retained for such periods as the Commissioner may in accordance with this section prescribe.

4. The Commissioner shall, from time to time, adopt regulations classifying all records kept by state banks and prescribe the period for which records in each class must be retained. The periods may be permanent or for a lesser term of years. The Commissioner shall keep such regulations current and shall review them at least once every 3 years. In issuing and revising such regulations, the Commissioner shall consider: (a) Actions at law and administrative proceedings in which the production of bank records may be necessary or desirable. (b) State and federal statutes of limitation applicable to such actions or proceedings. (c) The availability of information contained in bank records from other sources. (d) Such other matters as the Commissioner deems pertinent to ensure that the regulations will require banks to retain their records for as short a period as is commensurate with the interests of bank customers and stockholders or members and of the people of this state in having bank records available.

5. Any state bank may dispose of any record which has been retained for the period prescribed by or in accordance with the terms of this section for retention of records of its class, and thereafter is under no duty to produce the record in any action or proceeding.

6. Any state bank may cause any or all records required to be kept pursuant to this section to be reproduced by the microfilming process, optical disc imaging or any other equivalent technique designed to ensure an accurate reproduction of the original. Any such reproduction has the same effect as the original. Upon completion of such a duplication, the original of any record may be destroyed.

7. To the extent that they are not in contravention of any law of the United States, the provisions of this section apply to all banks doing business in this state.
Nev. Rev. Stat. § 670B.670 — NV Code / Title 55 / Chapter 670B / Section 670B.670
Knowingly withholding, abstracting, removing, mutilating, destroying or secreting information related to investigation or examination prohibited
Status: in_force

A student loan servicer or other person under examination or investigation pursuant to this chapter shall not knowingly withhold, abstract, remove, mutilate, destroy or secrete any books, records, computer records or other information related to an investigation or examination conducted pursuant to this chapter.
Nev. Rev. Stat. § 666A.170 — NV Code / Title 55 / Chapter 666A / Section 666A.170
State branch or agency: Acting as agent
Status: in_force

1. A state branch of a foreign bank licensed under this chapter may receive deposits and renew time deposits, and a state branch or agency of such a bank may close loans, service loans and receive payments on loans and other obligations, as an agent for any depository institution affiliated with the foreign bank, including branches, agencies and other offices of the same foreign bank located in other states, generally in accordance with the same terms, conditions, procedures and requirements that are applicable under the laws and regulations of this state to such activities as an agent which may be conducted by Nevada banks.

2. A state branch or agency of a foreign bank acting in this state as an agent in accordance with the provisions of this section must not be considered a branch of the affiliated depository institution, but no state branch or agency may act as agent for a branch or agency of an affiliated foreign bank other than the foreign bank which has been licensed to transact business in this state pursuant to this chapter.

3. A state branch or agency of a foreign bank licensed under this chapter may not: (a) Conduct any activity as an agent under this section which that office is prohibited from conducting as a principal under any applicable federal or state law, including the acceptance of impermissible deposits; or (b) As a principal, have an agent conduct any activity under this section which that office is prohibited from conducting under any applicable federal or state law, including the acceptance of impermissible deposits.

4. A state branch or agency of a foreign bank licensed under this chapter may act as an agent for a depository institution affiliated with the foreign bank only on terms that are consistent with safe and sound banking practices and all applicable regulations of the Commissioner.

5. A state branch may receive deposits or renew time deposits, and a state branch or agency may close loans, service loans or receive payments on loans and other obligations, as an agent for persons other than those for whom such agency activities are specifically authorized by this section, if the Commissioner so authorizes by regulation.
Nev. Rev. Stat. § 667.205 — NV Code / Title 55 / Chapter 667 / Section 667.205
Report of banks under liquidation: Contents; filing with Secretary of State; publication
Status: in_force

1. The Commissioner shall, on January 1 and July 1 of each year, file with the Secretary of State a report showing all banks under liquidation in the State of Nevada, the names of all auditors together with the amounts paid to them for auditing each of those banks, and the names of all attorneys employed in connection with the liquidation of those banks together with the amount paid or contracted to be paid to each of the attorneys. If any attorney has been employed on a fee contingent upon recovery, the report must contain in substance the contract.

2. Within 5 days after the receipt of the report, the Secretary of State shall publish the report one time in some newspaper published in each county in which a bank is under liquidation. If there is no newspaper published in the county, the Secretary of State shall post a copy of the report at the courthouse door in the county.
Nev. Rev. Stat. § 675.095 — NV Code / Title 55 / Chapter 675 / Section 675.095
Application for license: Additional requirements; 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 proof satisfactory to the Commissioner that the applicant: (a) 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. (b) Has not made a false statement of material fact on the application for the license. (c) Has not committed any of the acts specified in subsection 2. (d) Has not had a license issued pursuant to this chapter suspended or revoked within the 10 years immediately preceding the date of the application. (e) Has not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude. (f) If the applicant is a natural person: (1) Is at least 21 years of age; and (2) Is a citizen of the United States or lawfully entitled to remain and work in the United States.

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. § 667.045 — NV Code / Title 55 / Chapter 667 / Section 667.045
Acceptance of appointment as receiver or liquidator; possession of and title to assets, business and property vests in Federal Deposit Insurance Corporation
Status: in_force

Upon the acceptance of the appointment as receiver or liquidator by the Federal Deposit Insurance Corporation, the possession of and title to all the assets, business and property of such bank of every kind and nature shall pass to and vest in the Federal Deposit Insurance Corporation without the execution of any instruments of conveyance, assignment, transfer or endorsement.
Nev. Rev. Stat. § 673.0321 — NV Code / Title 55 / Chapter 673 / Section 673.0321
“Service office” defined
Status: in_force

“ Service office ” means any office or other place of business in this State where the functions of a savings bank that do not involve receiving deposits, paying checks or lending money are performed.
Nev. Rev. Stat. § 673.2765 — NV Code / Title 55 / Chapter 673 / Section 673.2765
Investments in certain related service companies, operating subsidiaries or financial subsidiaries
Status: in_force

A savings bank may invest in the capital stock, obligations or other securities of a related service company, operating subsidiary or financial subsidiary, subject to any regulations concerning the insurability of the accounts of the savings bank by the Federal Deposit Insurance Corporation and to whatever regulations the Commissioner may impose in this regard, if the entire capital stock of the corporation is available for purchase by insured depository institutions under any federal or state law.
Nev. Rev. Stat. § 671.004 — NV Code / Title 55 / Chapter 671 / Section 671.004
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 671.0045 to 671.019 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 677.243 — NV Code / Title 55 / Chapter 677 / Section 677.243
Records of employees; confidentiality
Status: in_force

1. Each licensee shall maintain a record that includes for each employee: (a) The employee’s full name; (b) The address of each place at which the employee has resided during the previous 10 years; (c) The name and address of each employer during the previous 10 years; (d) A recent photograph of the employee measuring 3 by 5 inches; and (e) Any alias used by the employee.

2. A licensee may comply with the provisions of subsection 1 by maintaining the employee identification information required pursuant to 26 C.F.R. Part 31 .

3. The information contained in the record required pursuant to this section must be provided to the Commissioner upon his or her request, but is otherwise confidential.
Nev. Rev. Stat. § 669.286 — NV Code / Title 55 / Chapter 669 / Section 669.286
Failure to submit required report; fees; regulations
Status: in_force

1. If a trust company 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. § 672.500 — NV Code / Title 55 / Chapter 672 / Section 672.500
Donations and contributions
Status: in_force

A credit union may:

1. Contribute to, support or participate in any nonprofit service facility whose services will benefit the credit union or its membership; and

2. Make donations or contributions to any nonprofit civic, charitable or community organization as authorized by the board of directors.
Nev. Rev. Stat. § 666.001 — NV Code / Title 55 / Chapter 666 / Section 666.001
Definitions
Status: in_force

As used in this chapter, the words and terms defined in NRS 666.002 to 666.008 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 666A.220 — NV Code / Title 55 / Chapter 666A / Section 666A.220
State branch or agency: Notification regarding insurance of deposits and credit balances
Status: in_force

Each foreign bank which is licensed to establish and maintain a state branch or agency shall, in a manner established by the Commissioner, give notice that deposits and credit balances in that office are not insured by the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 669.2825 — NV Code / Title 55 / Chapter 669 / Section 669.2825
Authority of Commissioner to take disciplinary action or initiate proceedings to seize property
Status: in_force

1. The Commissioner may institute disciplinary action or forthwith initiate proceedings to take possession of the business and property of any retail trust company when it appears that the retail trust company: (a) Has violated its charter or any state or federal laws applicable to the business of a trust company. (b) Is conducting its business in an unauthorized or unsafe manner. (c) Is in an unsafe or unsound condition to transact its business. (d) Has an impairment of its stockholders' equity. (e) Has refused to pay or transfer account assets to its account holders as required by the terms of the accounts' governing instruments. (f) Has become insolvent. (g) Has neglected or refused to comply with the terms of a lawful order of the Commissioner. (h) Has refused, upon proper demand, to submit its records, affairs and concerns for inspection and examination of an appointed or authorized examiner of the Commissioner. (i) Has made a voluntary assignment of its assets to receivers, conservators, trustees or creditors without complying with NRS 669.230 . (j) Has failed to pay a tax as required pursuant to the provisions of chapter 363A or 363C of NRS . (k) Has materially and willfully breached its fiduciary duties to its customers. (l) Has failed to properly disclose all fees, interest and other charges to its customers. (m) Has willfully engaged in material conflicts of interest regarding a customer's account. (n) Has made intentional material misrepresentations regarding any aspect of the services performed or proposed to be performed by the retail trust company.

2. The Commissioner also may forthwith initiate proceedings to take possession of the business and property of any trust company when it appears that the officers of the trust company have refused to be examined upon oath regarding its affairs.
Nev. Rev. Stat. § 669.029 — NV Code / Title 55 / Chapter 669 / Section 669.029
“Business of a trust company” and “trust company business” defined
Status: in_force

“Business of a trust company” or “trust company business” means the holding out by a person, by advertising, solicitation or other means, that it is available to act as a fiduciary in this state and undertaking to act as a fiduciary in the regular course of its business.
Nev. Rev. Stat. § 670B.510 — NV Code / Title 55 / Chapter 670B / Section 670B.510
Prohibited acts
Status: in_force

A private education lender shall not:

1. Offer any private education loan that does not comply with the provisions of NRS 670B.470 to 670B.510 , inclusive, or that is in violation of any other state or federal law.

2. Engage in any unfair, deceptive or abusive act or practice.

3. Make a private education loan upon the security of any assignment of or order for the payment of any salary, wages, commissions or other compensation for services earned, or to be earned. No assignment or order to secure a private education loan may be taken by a private education lender in connection with a private education loan, or for the enforcement or repayment thereof. Any assignment or order taken or given to secure any loan made by any lender pursuant to NRS 670B.470 to 670B.510 , inclusive, is void.

4. Make, advertise, print, display, publish, distribute, electronically transmit, telecast or broadcast in any manner any statement or representation that is false, misleading or deceptive.
Nev. Rev. Stat. § 676A.070 — NV Code / Title 55 / Chapter 676A / Section 676A.070
“Certified counselor” defined
Status: in_force

“ Certified counselor ” means an individual certified by a training program or certifying organization, approved by the Commissioner, that authenticates the competence of individuals providing education and assistance to other individuals in connection with debt-management services in which an agreement contemplates that creditors will reduce finance charges or fees for late payment, default or delinquency.
Nev. Rev. Stat. § 672.778 — NV Code / Title 55 / Chapter 672 / Section 672.778
Training; reporting to designated reporter
Status: in_force

1. Each credit union shall provide training concerning the identification and reporting of the suspected exploitation of an older person or vulnerable person to each employee of the credit union who: (a) May, as part of his or her regular duties for the credit union, come into direct contact with an older person or vulnerable person; or (b) May review or approve the financial documents, records or transactions of an older person or vulnerable person in connection with providing financial services to the older person or vulnerable person.

2. The training required pursuant to subsection 1 must be provided as soon as reasonably practicable, but not later than 6 months after the employee is employed by the credit union.

3. The training required pursuant to subsection 1 must include, without limitation: (a) An explanation of the conduct which constitutes exploitation of an older person or vulnerable person; (b) The manner in which exploitation of an older person or vulnerable person may be recognized; (c) Information concerning the manner in which reports of exploitation are investigated; and (d) Instruction concerning when and how to report known or suspected exploitation of an older person or vulnerable person.

4. An employee who has observed or has knowledge of an incident that is directly related to a transaction or matter which is within his or her scope of practice and which reasonably appears to be exploitation of an older person or vulnerable person shall report the known or suspected exploitation to the designated reporter.
Nev. Rev. Stat. § 677.820 — NV Code / Title 55 / Chapter 677 / Section 677.820
Fraudulent insolvency; malfeasance of directors
Status: in_force

Every director of a licensee who:

1. In case of the fraudulent insolvency of such company, participated in such fraud; or

2. Willfully does any act as such director which is expressly forbidden by law or willfully omits to perform any duty imposed upon him or her as such director by law,

is guilty of a misdemeanor. The insolvency of a licensee is fraudulent for the purposes of this section, unless its affairs appear upon investigation to have been administered clearly, legally and with the same care and diligence that agents receiving a compensation for their services are bound by law to observe.
Nev. Rev. Stat. § 666A.280 — NV Code / Title 55 / Chapter 666A / Section 666A.280
Maintenance of books, accounts and other records
Status: in_force

Each foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall make, keep and preserve at the office all such books, accounts and other records relating to the business of the office in such form, in such manner and for such time as the Commissioner may provide.
Nev. Rev. Stat. § 673.302 — NV Code / Title 55 / Chapter 673 / Section 673.302
Limitation on borrowing
Status: in_force

The aggregate amount of all borrowings of any savings bank shall not exceed an amount which would impair the insurance of the accounts of the savings bank by the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 659.047 — NV Code / Title 55 / Chapter 659 / Section 659.047
Payment of assessment; cooperation with audits and examinations
Status: in_force

Each bank shall pay the assessment levied pursuant to NRS 658.055 and cooperate fully with the audits and examinations performed pursuant thereto.
Nev. Rev. Stat. § 669A.210 — NV Code / Title 55 / Chapter 669A / Section 669A.210
Payment of license fees; deposit in State Treasury
Status: in_force

1. On or before April 1 of each year, each licensed family trust company must pay to the Division of Financial Institutions a license fee of $1,500. All money collected under the provisions of this section must be deposited in the State Treasury pursuant to the provisions of NRS 658.091 .

2. A licensed family trust company which identifies a new designated relative when the licensed family trust company renews its license shall pay an additional annual license fee for renewal in such amount as the Commissioner shall determine.
Nev. Rev. Stat. § 666A.010 — NV Code / Title 55 / Chapter 666A / Section 666A.010
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 666A.020 to 666A.070 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 671.0135 — NV Code / Title 55 / Chapter 671 / Section 671.0135
“Multistate licensing process” defined
Status: in_force

“ Multistate licensing process ” means any agreement entered into by and among state regulators relating to coordinated processing of applications for money transmission licenses, applications for the acquisition of control of a licensee, control determinations or notice and information requirements for a change of key individuals.
Nev. Rev. Stat. § 666.325 — NV Code / Title 55 / Chapter 666 / Section 666.325
Examination, supervision and regulation of interstate operations
Status: in_force

1. The Commissioner may examine and supervise any out-of-state depository institution or holding company which has been authorized to do business in this state. Such institutions and holding companies are subject to regulation in the same manner as institutions and holding companies organized under the laws of this state and must pay the same fees for supervision and examination, except that the Commissioner may coordinate these activities with any state or federal agency that shares jurisdiction over the institution.

2. The Commissioner may coordinate the examination, supervision and regulation of any depository institution chartered by this state with the examination, supervision and regulation of an affiliated depository institution or branch operating in another state.

3. The Commissioner may take any reasonable and lawful action in furtherance of coordinating the regulation of interstate operations pursuant to this section, including: (a) Negotiating and entering into cooperative agreements with an agency of another state or of the Federal Government; (b) Sharing information and reports with an agency that shares jurisdiction over the institution; (c) Accepting as sufficient examination reports and other information compiled or generated by or for an agency that shares jurisdiction over the institution; (d) Contracting with an agency that shares jurisdiction over the institution to engage the services of its examiners at a reasonable rate of compensation; (e) Offering the services of the Division's examiners at a reasonable rate of compensation to an agency that shares jurisdiction over the institution; (f) Collecting fees on behalf of, or receiving payment of fees through, an agency that shares jurisdiction over the institution; (g) Cooperating in any other way with other supervisory agencies and professional associations to promote the efficient, safe and sound operation and regulation of interstate activities of depository institutions, including the formulation of interstate policies and procedures for examination and the drafting of model laws, rules and agreements; and (h) Adopting regulations to carry out the provisions of this section.
Nev. Rev. Stat. § 662.145 — NV Code / Title 55 / Chapter 662 / Section 662.145
Limits on amount of loans; exceptions
Status: in_force

1. Subject to the limitations set forth in NRS 662.155 , the total outstanding loans of any bank to any person, company, corporation or firm may not at any time exceed 25 percent of the stockholders' or members' equity of the bank, actually paid in. For the purposes of this section, the total outstanding loans of any bank include any credit exposure to a person, company, corporation or firm arising from a derivative transaction, repurchase agreement, reverse-repurchase agreement, securities lending transaction or securities borrowing transaction between the bank and the person, company, corporation or firm. The discount of bills of exchange drawn in good faith against actual existing values, as collateral security, and a discount or purchase of commercial or business paper, actually owned by the persons, must not be considered as money loaned.

2. Neither the limitation on loans by banks contained in this section nor any other similar limitations contained in any law of this state relating to banks or banking apply to any loan or loans made by any bank to the extent that they are secured or covered by guarantees or by commitments or agreements to take over or to purchase made by any Federal Reserve Bank or by the United States or any department, bureau, board, commission or establishment of the United States, including any corporation wholly owned, directly or indirectly, by the United States.

3. The Commissioner may establish limitations on loans made by a bank to its directors, officers or employees and may establish requirements for the reporting of these loans.

4. The Commissioner may adopt regulations necessary to carry out the provisions of this section.
Nev. Rev. Stat. § 675.380 — NV Code / Title 55 / Chapter 675 / Section 675.380
Authority of Commissioner to investigate business; free access required
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 licensee; (b) Any other person engaged in the business described in NRS 675.060 or participating in such business as principal, agent, broker or otherwise; (c) Any registered agent who represents a licensee or any other person engaged in the business described in NRS 675.060 ; and (d) Any person who 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 shall have and be given free access to the offices and places of business, files, safes and vaults of such persons.

3. The investigation of a registered agent pursuant to subsection 1, including, without limitation, any book, accounts, papers and records used therein must be kept confidential except to the extent necessary to enforce any provision of this chapter.

4. For the purposes of this section, any person who advertises for, solicits or holds himself or herself out as willing to make loan transactions is presumed to be engaged in the business described in NRS 675.060 .

5. This section does not entitle the Commissioner or the authorized representatives of the Commissioner to investigate the business or examine the books, accounts, papers and records of any attorney who is not a person described in paragraph (a), (b) or (d) of subsection 1, other than examination of those books, accounts, papers and records maintained by such attorney in his or her capacity as a registered agent, and then only to the extent such books, accounts, papers and records are not subject to any privilege in NRS 49.035 to 49.115 , inclusive.
Nev. Rev. Stat. § 660.185 — NV Code / Title 55 / Chapter 660 / Section 660.185
“Operator” defined
Status: in_force

“Operator” means a financial institution or other person who operates an automated teller.
Nev. Rev. Stat. § 666A.350 — NV Code / Title 55 / Chapter 666A / Section 666A.350
State branch or agency: Authority and grounds for suspension or revocation of license
Status: in_force

If, after notice and a hearing, the Commissioner finds any of the following with respect to a foreign bank which is licensed to establish and maintain a state branch or agency, the Commissioner may issue an order suspending or revoking the license of the foreign bank:

1. The foreign bank has violated any provision of this chapter or of any regulation or order issued under this chapter or any provision of any other applicable law, regulation or order;

2. The foreign bank is transacting activities in this state or elsewhere in an unsafe or unsound manner;

3. The foreign bank or any of its state branches or agencies is in an unsafe or unsound condition;

4. The foreign bank has ceased to operate any of its offices in this state without the prior approval of the Commissioner in accordance with this chapter;

5. The foreign bank is insolvent in that it has ceased to pay its debts in the ordinary course of business, it cannot pay its debts as they become due or its liabilities exceed its assets;

6. The foreign bank has suspended payment of its obligations, has made an assignment for the benefit of its creditors or has admitted in writing its inability to pay its debts as they become due;

7. The foreign bank has applied for an adjudication of bankruptcy, reorganization, arrangement or other relief under any foreign or domestic law on bankruptcy, reorganization, insolvency or moratorium, or any person has applied for any such relief under such a law against the foreign bank and the foreign bank has by any affirmative act approved of or consented to the action or the relief has been granted;

8. A receiver, liquidator or conservator has been appointed for the foreign bank or any proceeding for such an appointment or any similar proceeding has been initiated in the country of the foreign bank's organization;

9. The existence of the foreign bank or the authority of the foreign bank to transact banking business under the laws of the country of the foreign bank's organization has been suspended or terminated; or

10. Any fact or condition exists which, if it had existed at the time when the foreign bank applied for its license to transact business in this state, would have been a ground for denying the application.
Nev. Rev. Stat. § 662.275 — NV Code / Title 55 / Chapter 662 / Section 662.275
Emergency closure: Powers of Commissioner
Status: in_force

1. Whenever the Commissioner is of the opinion that an emergency exists, or that there is a reasonable probability that an emergency may develop, in this state or any part of this state, the Commissioner may, by proclamation, authorize banks located in the affected area or areas to close any or all of their offices.

2. In addition, if the Commissioner is of the opinion that an emergency exists, or that there is a reasonable probability that an emergency may develop, which affects or may affect a particular bank or banks, or a particular office or offices thereof, but not banks located in the area generally, the Commissioner may authorize the particular bank or banks, or office or offices so affected, to close.

3. The office or offices so closed must remain closed until the Commissioner proclaims that the emergency has ended, or until such earlier time as the officers of the bank determine that one or more of such offices should reopen. In either event, the bank or office which was closed may remain closed for such further time thereafter as may reasonably be required to reopen.
Nev. Rev. Stat. § 677.450 — NV Code / Title 55 / Chapter 677 / Section 677.450
Authority of Commissioner to require attendance of witnesses and production of documents
Status: in_force

The Commissioner may require the attendance of any person and may examine him or her under oath relative to loans or business regulated by this chapter or the subject matter of any examination, investigation or hearing, and may require the production of books, accounts, papers and records.
Nev. Rev. Stat. § 671.465 — NV Code / Title 55 / Chapter 671 / Section 671.465
Consent order
Status: in_force

In any matter arising from a violation or alleged violation of the provisions of this chapter or a regulation adopted or order issued by the Commissioner pursuant thereto by a person, the Commissioner may enter into a consent order with the person to resolve the matter. Such a consent order:

1. Must be signed by the person or the authorized representative of the person and must indicate that the person agrees to the terms contained in the consent order; and

2. May provide that the consent order does not constitute an admission by the person that a violation of the provisions of this chapter or the regulations adopted or an order issued by the Commissioner pursuant thereto has occurred.
Nev. Rev. Stat. § 673.740 — NV Code / Title 55 / Chapter 673 / Section 673.740
Acts permitted executors, administrators, fiduciaries and certain other entities without obtaining court approval
Status: in_force

Every executor, administrator, trustee, guardian, receiver, fiduciary, public corporation, political subdivision, public instrumentality, charitable, educational and eleemosynary institution, bank, savings bank, trust company, financial institution, insurance company, or cemetery association, without the necessity of obtaining court approval, may:

1. Vote in person or by proxy in favor of converting a federal savings bank, national bank or state bank into a savings bank, or may approve the determination so to convert.

2. Exchange any shares, share accounts or other rights or claims for securities issued by the savings bank, and may continue to hold as a legal investment any securities so received.
Nev. Rev. Stat. § 666A.050 — NV Code / Title 55 / Chapter 666A / Section 666A.050
“Foreign” defined
Status: in_force

“Foreign” means organized under the law of a foreign country or a colony, dependency or possession of a foreign country, or of Puerto Rico, Guam, American Samoa, the Virgin Islands or a territory of the United States.
Nev. Rev. Stat. § 659.085 — NV Code / Title 55 / Chapter 659 / Section 659.085
Filing of statement regarding directors, managers and officers and proof of federal deposit insurance
Status: in_force

Before the banking corporation or company begins business, it shall file with the Commissioner:

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

2. Proof that the bank is a member of the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 671.006 — NV Code / Title 55 / Chapter 671 / Section 671.006
“Calendar quarter” defined
Status: in_force

“ Calendar quarter ” has the meaning ascribed to it in NRS 702.020 .
Nev. Rev. Stat. § 669A.290 — NV Code / Title 55 / Chapter 669A / Section 669A.290
Failure to submit required report; fees; regulations
Status: in_force

1. If a licensed family trust company fails to submit within the prescribed period any report required pursuant to this chapter or any regulation adopted pursuant thereto, the Commissioner may impose and collect a fee of not more than $25 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. § 675.2965 — NV Code / Title 55 / Chapter 675 / Section 675.2965
Employee authorized to engage in business of lending at remote location if authorized by licensee; written agreement required; requirements for remote location; duties of licensee
Status: in_force

1. An employee of a licensee may engage in the business of lending in this State at a remote location in accordance with NRS 675.2965 to 675.299 , inclusive, if authorized by the licensee.

2. Before authorizing an employee to engage in the business of lending in this State at a remote location, a licensee must enter into a written agreement with the employee that is signed by the employee in which the employee: (a) Agrees to: (1) Maintain the confidentiality of data concerning borrowers and potential borrowers while working at the remote location; (2) Maintain all data of the licensee electronically while working at the remote location; (3) Read and comply with the data security policy adopted by the licensee pursuant to NRS 675.297 ; and (4) Keep any equipment provided to the employee by the licensee for use at the remote location safe and secure in the manner prescribed by the licensee; and (b) Agrees not to: (1) Print or otherwise reproduce physical documents containing any data of the licensee at the remote location; (2) Except as authorized by NRS 675.298 , disclose to a borrower or potential borrower that the employee is working at a remote location; (3) Convey to a borrower or potential borrower that the remote location at which the employee is working is the place of business of the licensee; and (4) Conduct any interactions with a borrower or potential borrower in person at the remote location.

3. A licensee shall not authorize an employee to engage in the business of lending in this State at a remote location unless the remote location: (a) Is located in the United States; (b) Is secure and sufficiently closed off from the public to enable the employee to maintain the confidentiality of borrowers and potential borrowers; and (c) Contains all the equipment necessary for the employee to perform his or her work for the licensee, which must: (1) Be sufficiently connected to the systems used by the licensee, including, without limitation, telephone systems, computerized data systems and other computer systems, to allow the licensee to monitor and oversee the work of the employee as though the employee were performing the same work at the place of business of the licensee; and (2) Require the employee to enter unique credentials, passwords or similar information to access the computerized data system of the licensee and other computer systems used by the licensee to conduct business.

4. A licensee shall ensure that each employee of the licensee who engages in the business of lending at a remote location: (a) Before beginning work at a remote location, completes a training program at the place of business of the licensee that includes, without limitation, instruction on privacy, confidentiality, monitoring and security in the context of remote work and compliance with applicable laws and the policies of the licensee; (b) Receives the same level of communication, management, oversight and monitoring he or she would receive while working at the place of business of the licensee; and (c) Complies with the provisions of this chapter and the regulations adopted pursuant thereto.

5. As used in this section, “ place of business ” means an office or place of business for which a license has been issued pursuant to this chapter.
Nev. Rev. Stat. § 672.130 — NV Code / Title 55 / Chapter 672 / Section 672.130
“Immediate family” defined
Status: in_force

“Immediate family” includes any relative, by consanguinity or marriage, of a member living in the member's household and includes foster and adopted children.
Nev. Rev. Stat. § 666.070 — NV Code / Title 55 / Chapter 666 / Section 666.070
Applicability
Status: in_force

The provisions of NRS 666.065 to 666.215 , inclusive, do not apply to a bank holding company which:

1. Owns only national banks within this state until the holding company acquires or applies for approval to acquire a bank licensed by the Commissioner.

2. Does not control a bank which is located in Nevada but does control a bank in another state until the holding company acquires or applies for approval to acquire any bank located in Nevada.
Nev. Rev. Stat. § 669.285 — NV Code / Title 55 / Chapter 669 / Section 669.285
Confidentiality of records and documents
Status: in_force

Except as otherwise provided in NRS 239.0115 , any application and personal or financial records submitted by a person pursuant to the provisions of this chapter and any personal or financial records or other documents obtained by the Division of Financial Institutions pursuant to an examination or audit conducted by the Division are confidential and may be disclosed only to:

1. The Division, any authorized employee of the Division and any state or federal agency investigating the activities covered under the provisions of this chapter;

2. The Department of Taxation for its use in carrying out the provisions of chapter 363C of NRS ; and

3. Any person when the Commissioner, in the Commissioner's discretion, determines that the interests of the public that would be protected by disclosure outweigh the interest of any person in the confidential information not being disclosed.
Nev. Rev. Stat. § 660.065 — NV Code / Title 55 / Chapter 660 / Section 660.065
Offices for mechanical tellers: Authorization by Commissioner; office is not branch office
Status: in_force

1. When authorized by the Commissioner, a financial institution may establish and operate one or more offices for mechanical tellers in this state.

2. For the purposes of NRS 660.045 to 660.105 , inclusive, and this title, an office for mechanical tellers is not a branch office of a financial institution organized under the provisions of this title.
Nev. Rev. Stat. § 673.5911 — NV Code / Title 55 / Chapter 673 / Section 673.5911
Procedure; applicable law; power to sell and transfer assets
Status: in_force

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

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

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

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

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

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

7. If a voluntary liquidation or the sale and transfer of the assets of any savings bank is approved by the Commissioner, a certified copy of that approval under seal of the Commissioner, filed in the Office of the Secretary of State, authorizes the cancellation of the articles of incorporation or organization of the savings bank, subject to its continued existence, as provided by law.
Nev. Rev. Stat. § 672.720 — NV Code / Title 55 / Chapter 672 / Section 672.720
Loans to members: Extension of previous maximum credit; review
Status: in_force

1. The credit committee or loan officer may approve, at his or her own discretion or upon application by a member, an extension of the maximum credit any member had previously been allowed. If an extension of credit is permitted, applications for loans within the credit limitation need no further consideration so long as the aggregate obligation of the member does not exceed the credit limit.

2. The credit committee or loan officer shall, at least once each year, review all extensions of credit and any extension of credit shall expire if the member becomes more than 90 days delinquent in his or her obligations to the credit union.
Nev. Rev. Stat. § 675.100 — NV Code / Title 55 / Chapter 675 / Section 675.100
Fees for application and investigation; regulations
Status: in_force

1. At the time of making the application, the applicant shall pay to the Commissioner: (a) A nonrefundable fee of not more than $1,000 for the application and survey; (b) Any additional expenses incurred in the process of investigation as the Commissioner deems necessary; and (c) A fee of not less than $200 or more than $1,000, prorated on the basis of the licensing year as provided by the Commissioner.

2. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account created by NRS 232.545 .
Nev. Rev. Stat. § 673.5914 — NV Code / Title 55 / Chapter 673 / Section 673.5914
Enforcement of individual liability of stockholders or members and directors or managers of savings bank in receivership or liquidation
Status: in_force

Among its other powers, the Federal Deposit Insurance Corporation, in the performance of its powers and duties as receiver or liquidator, may, upon the order of a court of record of competent jurisdiction, enforce the individual liability of the stockholders or members and directors or managers of any such savings bank.
Nev. Rev. Stat. § 660.165 — NV Code / Title 55 / Chapter 660 / Section 660.165
“Defined parking area” defined
Status: in_force

1. “Defined parking area” means that portion of any parking area open for customer parking which is: (a) Contiguous to an area of access to an automated teller; (b) Regularly, principally and lawfully used for parking by users of the automated teller while using it between a half hour after sunset and a half hour before sunrise; and (c) Owned or leased by the operator of the automated teller or owned or controlled by the party leasing the site of the automated teller to the operator.

2. The term does not include any parking area while it is not open or regularly used for parking by users of the automated teller who are using it between a half hour after sunset and a half hour before sunrise.

3. A parking area is not open if it is physically closed to access or if conspicuous signs indicate that it is closed.

4. If a parking area that has more than one level would otherwise be a defined parking area, only the single level deemed by the operator of the automated teller to be the most directly accessible to the users of the automated teller is a defined parking area pursuant to the provisions of NRS 660.115 to 660.235 , inclusive.
Nev. Rev. Stat. § 672.347 — NV Code / Title 55 / Chapter 672 / Section 672.347
Applicability of provisions of chapter 80 of NRS
Status: in_force

The provisions of chapter 80 of NRS which are not in conflict with the provisions of this chapter apply to any foreign credit union which holds a certificate of authority to transact business or maintain an office in this State.
Nev. Rev. Stat. § 677.460 — NV Code / Title 55 / Chapter 677 / Section 677.460
Charging off assets; regulations and orders
Status: in_force

The Commissioner may provide by regulation or order for the charging off of assets considered to be of little or no value.
Nev. Rev. Stat. § 666.185 — NV Code / Title 55 / Chapter 666 / Section 666.185
Temporary orders: Grounds; issuance; effectiveness
Status: in_force

1. If the Commissioner determines that the existing or threatened activity specified in a notice of charges is likely to: (a) Cause insolvency or substantial dissipation of the assets or earnings of a bank which is owned or controlled by the bank holding company; or (b) Seriously prejudice the interests of the depositors in the bank, the Commissioner may issue a temporary order requiring the bank holding company to cease and desist from the activity.

2. The temporary order becomes effective when served upon the bank holding company and remains effective until it is set aside by the Commissioner or a reviewing court or a permanent order is issued against the bank.
Nev. Rev. Stat. § 673.211 — NV Code / Title 55 / Chapter 673 / Section 673.211
Removal of director for cause
Status: in_force

1. Any director may be removed from office, if he or she has become ineligible pursuant to NRS 673.209 , by an affirmative vote of two-thirds of the members of the board of directors at any regular meeting of the board of directors or at any special meeting called for that purpose. Such action shall be ratified at the next meeting of the stockholders.

2. No such vote upon removal of a director may be taken until he or she has been advised of the reasons therefor and has had opportunity to submit to the board of directors his or her statement relative thereto, either oral or written. If the director affected is present at the meeting, he or she shall retire after his or her statement has been submitted and prior to the vote upon the matter of his or her removal.
Nev. Rev. Stat. § 661.105 — NV Code / Title 55 / Chapter 661 / Section 661.105
Preferred stock: Conditions for issuance; inclusion in determination of compliance with requirements for stockholders' equity
Status: in_force

1. A banking corporation organized under the laws of this state may, with the approval of the Commissioner, issue preferred stock of one or more classes, in such amount and with such par value as is approved by the Commissioner, unless such an issuance is prohibited by the provisions of chapter 78 of NRS.

2. Any preferred stock lawfully issued by a banking corporation organized under the laws of this state must be included in determining whether the banking corporation has complied with the minimum requirements for stockholders' equity provided by chapters 657 to 671, inclusive, of NRS.
Nev. Rev. Stat. § 657.105 — NV Code / Title 55 / Chapter 657 / Section 657.105
Effect of certain chapters on powers, privileges, duties and restrictions of corporations, companies, associations and natural persons
Status: in_force

1. The powers, privileges, duties and restrictions conferred and imposed upon any corporation, company, association or natural person, existing and doing business under the laws of this State, are hereby abridged, enlarged or modified, as each particular case may require, to conform to the provisions of chapters 657 to 671, inclusive, of NRS, notwithstanding anything to the contrary in its respective articles of incorporation, articles of organization or charter.

2. As used in this section, “doing business under the laws of this State” does not include the lending of money to a person who is not a resident of this State, whether or not the bank which extended the credit or serviced the loan is located in this State.
Nev. Rev. Stat. § 675.210 — NV Code / Title 55 / Chapter 675 / Section 675.210
Places of business maintainable by licensee under license; issuance of more than one license to licensee; exceptions
Status: in_force

Not more than one place of business may be maintained under the same license. The Commissioner may issue additional licenses to the same licensee for other business locations upon compliance with all the provisions of this chapter governing issuance of a single license. Nothing herein requires a license for:

1. Any place of business devoted to accounting, recordkeeping or administrative purposes only; or

2. A remote location.
Nev. Rev. Stat. § 671.050 — NV Code / Title 55 / Chapter 671 / Section 671.050
Application for license: Form and medium; contents; bond or securities; financial statement; fees and expenses; regulations; withdrawal of application
Status: in_force

1. Every application for a license required pursuant to this chapter must be in writing, signed by the applicant, and in the form and medium prescribed by the Commissioner.

2. The application must contain: (a) A list of any criminal convictions of the applicant and any material litigation in which the applicant has been involved in the 10 years immediately preceding the date on which the application is submitted; (b) A description of any money transmission previously provided by the applicant and the money transmission that the applicant seeks to provide in this State; (c) A list of the applicant's proposed authorized delegates and the locations in this State where the applicant and authorized delegates propose to engage in money transmission; (d) A list of other states in which the applicant is licensed to engage in money transmission and any suspension or revocation of such a license or other disciplinary action taken against the applicant in another state; (e) Information concerning any proceeding involving bankruptcy or receivership affecting the applicant or a person in control of the applicant; (f) A sample form of contract for authorized delegates, if applicable; (g) A sample form of payment instrument or stored value, as applicable; (h) The name and address of any federally insured depository financial institution or privately insured depository financial institution through which the applicant plans to conduct money transmission; and (i) Such other pertinent information as the Commissioner or Registry requires.

3. If the applicant is a business entity, the application must also contain: (a) The date on which the applicant was incorporated or formed and the state or country in which the applicant was incorporated or formed; (b) A certificate of good standing from the state or country in which the applicant was incorporated or formed, if applicable; (c) A brief description of the structure or organization of the applicant, including, without limitation, information concerning any parents or subsidiaries of the applicant and whether any parent or subsidiary is publically 1 traded; (d) The legal name, any fictitious or trade name, each business and residential address and the employment history, as applicable, in the 10 years immediately preceding the submission of the application of each key individual and person in control of the applicant; (e) A list of any criminal convictions and material litigation in which a person in control of the applicant that is not a natural person has been involved in the 10 years immediately preceding the submission of the application; (f) A copy of audited financial statements of the applicant for the most recent fiscal year and for the 2 years immediately preceding the submission of the application; (g) A certified copy of unaudited financial statements of the applicant for the most recent fiscal quarter; (h) If the applicant is a publicly traded corporation, a copy of the most recent report filed with the United States Securities and Exchange Commission pursuant to 15 U.S.C. § 78m , as amended; (i) If the applicant is a wholly owned subsidiary of: (1) A corporation publicly traded in the United States, a copy of audited financial statements for the parent corporation for the most recent fiscal year or a copy of the most recent report filed by the parent corporation pursuant to 15 U.S.C. § 78m , as amended; or (2) A corporation publicly traded outside the United States, a copy of documentation similar to that described in subparagraph (1) filed with the regulator of the domicile of the parent corporation outside the United States; (j) The name and address of the registered agent of the applicant in this State; and (k) Such other pertinent information as the Commissioner or Registry requires.

4. In addition to the application required by subsection 2, the applicant must also provide to the Commissioner: (a) A surety bond or securities as required by this chapter. (b) An audited financial statement, satisfactory to the Commissioner, showing that the applicant's tangible net worth meets the requirements set forth in NRS 671.115 . (c) A nonrefundable fee of not more than $500 for the application and survey. The applicant shall also pay such additional expenses incurred in the process of investigation as the Commissioner deems necessary. (d) A fee of not less than $200 or more than $400, prorated on the basis of the licensing year as provided by the Commissioner.

5. The Commissioner shall adopt regulations establishing: (a) The form and medium of any additional content required to be included in an application for a license. The regulations may require such an application to be in such form and medium and contain such additional content that the Commissioner determines to be necessary to carry out the purposes of this chapter and maintain consistency with the licensing standards and practices of the Registry. (b) The amount of the fees required pursuant to this section. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account created by NRS 232.545 .

6. 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 6 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if an applicant otherwise withdraws an application, the Commissioner may not issue a license to the applicant unless the applicant submits a new application and pays any required fees.

1 So in original.
Nev. Rev. Stat. § 670B.060 — NV Code / Title 55 / Chapter 670B / Section 670B.060
“Nationwide Multistate Licensing System and Registry” or “Registry” defined
Status: in_force

“ Nationwide Multistate Licensing System and Registry ” or “ Registry ” has the meaning ascribed to it in NRS 604A.083 .
Nev. Rev. Stat. § 662.046 — NV Code / Title 55 / Chapter 662 / Section 662.046
Dealing in investment securities prohibited
Status: in_force

1. As used in this section “dealing in investment securities” does not include the purchasing and selling of securities without recourse solely upon order and for the account of customers.

2. Banks shall not engage in the business of dealing in any investment securities, either directly or through subsidiary corporations, except as otherwise provided in chapters 657 to 671, inclusive, of NRS for investment in public securities or private securities.

3. Any provision contained in the articles of incorporation issued to any banking corporation before July 1, 1971, which is in conflict with this section is revoked.
Nev. Rev. Stat. § 677.040 — NV Code / Title 55 / Chapter 677 / Section 677.040
“Amount of loan obligation” defined
Status: in_force

“Amount of loan obligation” means the amount of cash advance plus the aggregate of charges added thereto pursuant to authority of this chapter.
Nev. Rev. Stat. § 657.250 — NV Code / Title 55 / Chapter 657 / Section 657.250
“Older person” defined
Status: in_force

“ Older person ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 670B.700 — NV Code / Title 55 / Chapter 670B / Section 670B.700
Action to restrain or prevent violation or continuance of violation of chapter
Status: in_force

The Attorney General may bring an action in the name of the State of Nevada to restrain or prevent any violation of this chapter or any continuance of any such violation.
Nev. Rev. Stat. § 676A.400 — NV Code / Title 55 / Chapter 676A / Section 676A.400
Substitute for surety bond
Status: in_force

1. Instead of the surety bond required by NRS 676A.390 , a provider may deliver to the Commissioner, in the amount required by subsection 2 of NRS 676A.390 , and, except as otherwise provided in subparagraph (1) of paragraph (b), payable or available to this State and to individuals who reside in this State when they agree to receive debt-management services from the provider, as their interests may appear, if the provider or its agent does not comply with this chapter: (a) A certificate of insurance issued by an insurance company authorized to do business in this State and rated at least A or equivalent by a nationally recognized rating organization, approved by the Commissioner and with no deductible, or, if the provider supplies a bond in the amount of $5,000, a deductible not exceeding $5,000; or (b) With the approval of the Commissioner: (1) An irrevocable letter of credit, issued or confirmed by a bank approved by the Commissioner, payable upon presentation of a certificate by the Commissioner stating that the provider or its agent has not complied with this chapter; or (2) Bonds or other obligations of the United States or guaranteed by the United States or bonds or other obligations of this State or a political subdivision of this State, to be deposited and maintained with a bank approved by the Commissioner for this purpose.

2. If a provider furnishes a substitute pursuant to subsection 1, the provisions of subsections 1, 3, 4 and 5 of NRS 676A.390 apply to the substitute.
Nev. Rev. Stat. § 671.0055 — NV Code / Title 55 / Chapter 671 / Section 671.0055
“Bank Secrecy Act” defined
Status: in_force

“ Bank Secrecy Act ” means the Bank Secrecy Act, 31 U.S.C. §§ 5311 et seq., as amended, and the regulations adopted pursuant thereto.
Nev. Rev. Stat. § 670B.450 — NV Code / Title 55 / Chapter 670B / Section 670B.450
Private education lender not exempt from other licensing requirements; duty of Commissioner to determine particular license required
Status: in_force

NRS 670B.450 to 670B.510 , inclusive, do not exempt a private education lender from complying with any requirement to obtain a license imposed by any other specific statute, including, without limitation, the provisions of chapter 675 of NRS . The Commissioner shall determine the particular license that a private education lender is required to obtain.
Nev. Rev. Stat. § 658.101 — NV Code / Title 55 / Chapter 658 / Section 658.101
Rates charged by Commissioner for supervision and examination; annual review and publication of rates
Status: in_force

1. The Commissioner shall establish by regulation rates to be paid by banks and other financial institutions for supervision and examinations by the Commissioner or the Division of Financial Institutions.

2. In establishing a rate pursuant to subsection 1, the Commissioner shall consider: (a) The complexity of the various examinations to which the rate applies; (b) The skill required to conduct the examinations; (c) The expenses associated with conducting the examination and preparing a report; and (d) Any other factors the Commissioner deems relevant.

3. At least once each year, the Commissioner shall review and analyze the proportional utilization of the resources of the Division of Financial Institutions by banks and other financial institutions as compared to the annual budget approved by the Legislature for the Division of Financial Institutions. If after such review and analysis the Commissioner deems it necessary, the Commissioner shall adjust by regulation the rates established pursuant to subsection 1.

4. The Commissioner shall publish on the Internet website of the Division of Financial Institutions by December 31 of each year the amount of each fee for the following year that results from the rates established and, if applicable, adjusted pursuant to this section.

5. As used in this section, “ financial institution ” means a depository institution or any other institution or business regulated by the Division of Financial Institutions pursuant to titles 52, 54 and 55. The term includes, without limitation, a holding company, affiliate or subsidiary of such an institution.
Nev. Rev. Stat. § 675.445 — NV Code / Title 55 / Chapter 675 / Section 675.445
Revocation or suspension of license: Additional grounds
Status: in_force

In addition to any other lawful reasons, the Commissioner may suspend or revoke a license if the licensee has engaged in any act that would be grounds for denying a license pursuant this chapter.
Nev. Rev. Stat. § 676A.010 — NV Code / Title 55 / Chapter 676A / Section 676A.010
Short title
Status: in_force

This chapter may be cited as the Uniform Debt-Management Services Act.
Nev. Rev. Stat. § 669A.100 — NV Code / Title 55 / Chapter 669A / Section 669A.100
Family trust company not required to be licensed as trust company
Status: in_force

A family trust company is not required to be licensed as a trust company pursuant to chapter 669 of NRS . Unless a family trust company applies for licensure pursuant to chapter 669 of NRS , the family trust company is not:

1. Subject to supervision by the Commissioner pursuant to this chapter or chapter 669 of NRS ; or

2. Except as otherwise provided in this chapter, subject to the provisions of chapter 669 of NRS applicable to a trust company that offers trust company services to: (a) Persons who are not family members; or (b) The public at large.
Nev. Rev. Stat. § 670B.230 — NV Code / Title 55 / Chapter 670B / Section 670B.230
Investigation of applicant; issuance of license
Status: in_force

Except as otherwise provided in NRS 670B.240 , upon the filing of an application for an initial license and the payment of the license fee and the investigation fee and submission of the surety bond required by section NRS 670B.210 , the Commissioner shall investigate the financial condition and responsibility, financial and business experience, character and general fitness of the applicant. The Commissioner may issue a license if the Commissioner finds that:

1. The applicant's financial condition is sound;

2. The applicant's business will be conducted honestly, fairly, equitably, carefully and efficiently within the purposes and intent of this chapter and in a manner commanding the confidence and trust of the community;

3. If the applicant is: (a) A natural person, the person is in all respects properly qualified and of good character; (b) A partnership, each partner is in all respects properly qualified and of good character; (c) A corporation or association, the president, chairperson of the executive committee, senior officer responsible for the corporation's business and chief financial officer or any other person who performs similar functions as determined by the Commissioner, each director, each trustee and each shareholder owning 10 percent or more of each class of the securities of such corporation is in all respects properly qualified and of good character; or (d) A limited liability company, each member is in all respects properly qualified and of good character;

4. No person on behalf of the applicant knowingly has made any incorrect statement of a material fact in the application, or in any report or statement made pursuant to this chapter;

5. No person on behalf of the applicant knowingly has omitted to state any material fact necessary to give the Commissioner any information lawfully required by the Commissioner;

6. The applicant has paid the license fee and the investigation fee and submitted the surety bond required by 670B.210; and

7. The applicant has met any other requirements set forth by the Commissioner in regulations adopted pursuant to this chapter.
Nev. Rev. Stat. § 677.795 — NV Code / Title 55 / Chapter 677 / Section 677.795
Authority to exercise powers of banks
Status: in_force

A licensee may, with the approval of the Commissioner, exercise any authority, right, power and privilege, and perform any act and enjoy the same immunities as banks licensed pursuant to chapter 659 of NRS .
Nev. Rev. Stat. § 677.075 — NV Code / Title 55 / Chapter 677 / Section 677.075
“Deposit” defined
Status: in_force

1. “Deposit” means that part of the liability of a licensee which is credited to the account of a depositor.

2. The term includes a time deposit evidenced by a certificate of deposit, but does not include an obligation evidenced by a thrift certificate.
Nev. Rev. Stat. § 666A.190 — NV Code / Title 55 / Chapter 666A / Section 666A.190
State branch or agency: Change of registered office or registered agent
Status: in_force

1. A foreign bank which is licensed to establish and maintain a state branch or agency may from time to time change the address of its registered office, and shall change its registered agent if: (a) The registered agent ceases to act for any reason; (b) The registered agent becomes disqualified or incapacitated to act; or (c) It revokes the appointment of its registered agent.

2. Any change of registered office or registered agent under this section may be effected by filing within 10 business days after the change two duplicate originals of a statement setting forth the details with respect to the change and the effective date thereof, in such form and containing such information as the Commissioner may require.
Nev. Rev. Stat. § 666A.400 — NV Code / Title 55 / Chapter 666A / Section 666A.400
Establishment of interstate branches in this State
Status: in_force

1. Except as otherwise provided in subsection 2, an out-of-state foreign bank may establish an interstate Nevada branch in the same manner, including by merger or other transaction under section 44 of the Federal Deposit Insurance Act and comparable provisions of the laws of this State, with Nevada banks or other institutions, as, and subject to the same criteria, standards, conditions, requirements and procedures applicable to the establishment of interstate branches in this State by, an out-of-state bank having the same home state in the United States.

2. The Commissioner: (a) Shall apply to the establishment of an initial interstate branch, and subsequent intrastate state branches, of any out-of-state foreign bank the same criteria, standards, conditions, requirements and procedures applicable under this chapter or regulations adopted thereunder to the establishment of an initial state branch, and of subsequent intrastate Nevada branches, respectively by other foreign banks; (b) May apply any other criterion, standard, condition, requirement or provision of the laws or regulations of this State that the Commissioner determines to be substantially equivalent to or consistent with a criterion, standard, condition, requirement or provision of federal law or regulation generally applicable to the establishment of branches in the United States by foreign banks or specifically applicable to the establishment of a branch in the United States by the applicant foreign bank; and (c) May by regulation allow an out-of-state foreign bank: (1) To acquire or merge with another foreign bank maintaining a state branch or agency and thereafter continue such operations as its own; and (2) To acquire or establish an interstate Nevada branch through any other means not inconsistent with section 5 of the federal International Banking Act ( 12 U.S.C. § 3103 ).

3. As used in this section, the words and terms defined in NRS 666.006 and 666.008 have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 657.045 — NV Code / Title 55 / Chapter 657 / Section 657.045
“Insolvency” defined
Status: in_force

“Insolvency” means one or more of the following:

1. When a bank cannot meet its deposit liabilities as they become due in the regular course of business.

2. When the actual cash market value of a bank's assets is insufficient to pay its liabilities to depositors and other creditors.

3. When a bank's reserve falls under the amount required by chapters 657 to 671, inclusive, of NRS, and it fails to make good such reserve within 30 days after being required to do so by the Commissioner.

4. When the undivided profits and surplus are inadequate to cover losses of the bank and the stockholders' or members' equity of the bank has been reduced below the requirements of law.
Nev. Rev. Stat. § 660.095 — NV Code / Title 55 / Chapter 660 / Section 660.095
Sharing of mechanical tellers and other electronic terminals
Status: in_force

1. A financial institution may share the space in an office for mechanical tellers or may share use of a mechanical teller with other financial institutions or such other persons as the Commissioner may approve.

2. A financial institution may share the use of its electronic terminals with other financial institutions or such other persons as the Commissioner may approve.

3. An agreement to share mechanical tellers or electronic terminals may not prohibit, limit or restrict the right of a financial institution to charge a customer any fees allowed by state or federal law, or require a financial institution to limit or waive its rights or obligations under this chapter.
Nev. Rev. Stat. § 669A.310 — NV Code / Title 55 / Chapter 669A / Section 669A.310
Confidentiality of certain records and documents; authority of Commissioner to use discretion in determining disclosure
Status: in_force

1. Except as otherwise provided in this section, any application and personal or financial records submitted by a person pursuant to the provisions of this chapter, any personal or financial records or other documents obtained by the Division of Financial Institutions pursuant to an examination or audit conducted by the Division pursuant to this chapter and any other private information relating to a family trust company are confidential and may be disclosed only to: (a) The Division, any authorized employee of the Division and a state or federal agency investigating activities regulated pursuant to this chapter; (b) The Department of Taxation for its use in carrying out the provisions of chapter 363C of NRS ; and (c) Any other person if the Commissioner, in the Commissioner's discretion, determines that the interests of the public in disclosing the information outweigh the interests of the person about whom the information pertains in not disclosing the information.

2. The Commissioner shall give to the family trust company to which the information relates 10-days' prior written notice of intent to disclose confidential information directly or indirectly to a person pursuant to paragraph (c) of subsection 1. Any family trust company which receives such a notice may object to the disclosure of the confidential information and will be afforded the right to a hearing in accordance with the provisions of chapter 233B of NRS . If a family trust company requests a hearing, the Commissioner may not reveal confidential information prior to the conclusion of the hearing and a ruling. Prior to dissemination of any confidential information, the Commissioner shall require a written agreement not to reveal the confidential information by the party receiving the confidential information. In no event shall the Commissioner disclose confidential information to the general public, any competitor or any potential competitor of a family trust company.

3. Nothing in this chapter is intended to preclude a law enforcement officer from gaining access to otherwise confidential records by subpoena, court order, search warrant or other lawful means. Notwithstanding any other provision of this chapter, the Commissioner shall have the ability to share information with other out of state or federal regulators with whom the Department of Business and Industry has an agreement regarding the sharing of information. Nothing in this chapter is intended to preclude any agency of this State from gaining access to otherwise confidential records in accordance with any applicable law.
Nev. Rev. Stat. § 661.065 — NV Code / Title 55 / Chapter 661 / Section 661.065
Liability of persons holding stock in or becoming substituted members of bank in fiduciary capacity
Status: in_force

Persons holding stock in banking corporations or becoming substituted members of banking companies as executors, administrators, guardians or trustees are not personally subject to any liabilities as stockholders or members, but the estates and funds in their hands are liable in like manner and to the same extent as the testator, intestate, ward or person interested in the trust fund would be, if living and competent to hold stock in his or her own name.
Nev. Rev. Stat. § 677.810 — NV Code / Title 55 / Chapter 677 / Section 677.810
Receiving certain compensation or property; making false entry in books or records; embezzlement
Status: in_force

A director, officer or employee of a licensee who:

1. Asks for or receives or consents or agrees to receive any commission, emolument or gratuity or any money, property or thing of value for procuring or endeavoring to procure for a person any loan from the licensee, or the purchase or discount of any note, contract or other obligation or property by the licensee;

2. Knowingly receives or possesses himself or herself of any of its property otherwise than in payment of a just demand, or with the intent to defraud omits to make or cause to be made a full and true entry thereof in its books and accounts or concurs in omitting to make any material entry thereof;

3. Knowingly makes or concurs in making or publishing any false entry in its books or records, any written report, exhibit or statement of its affairs or pecuniary condition containing any material statement which is false, or having the custody of its books willfully refuses or neglects to make any proper entry in the books as required by law, or to exhibit or allow them to be inspected or extracts to be taken therefrom by the Commissioner or his or her deputies or investigators, or alters, conceals, destroys or removes any book or record;

4. Embezzles, abstracts or willfully misapplies the money, securities or credits of a licensee, or who, with the intent to injure or defraud the licensee or a customer of the licensee: (a) Issues or puts forth a deposit; (b) Draws a draft, bill of exchange or mortgage; or (c) Otherwise uses his or her position or employment with a licensee; or

5. Knowingly aids or abets the commission of an act prohibited by this section,

is guilty of a category C felony and shall be punished as provided in NRS 193.130 , or by a fine of not more than $50,000, or by both fine and the punishment provided in NRS 193.130 . In addition to any other penalty, the court shall order the person to pay restitution.
Nev. Rev. Stat. § 675.360 — NV Code / Title 55 / Chapter 675 / Section 675.360
Duties of licensee
Status: in_force

Every licensee shall:

1. 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, the amount of the obligation, the date of its maturity, if there is one, 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 that loan.

2. Except as otherwise provided for loans for an indefinite term in NRS 675.369 , give to the person making any cash payment on account of any loan a receipt at the time that payment is made, showing the balance due, if any, after application of that payment. A receipt showing the amount of the payment only may be given temporarily and must be replaced within a reasonable time with a receipt as prescribed in this subsection.

3. 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.

4. Upon repayment of a loan in full, mark plainly every note or other evidence of the indebtedness or assignment signed by any obligor, or a copy thereof, with the word “paid” or “cancelled,” and release or provide the borrower evidence to release any mortgage or security instrument no longer securing any indebtedness to the licensee.
Nev. Rev. Stat. § 665.015 — NV Code / Title 55 / Chapter 665 / Section 665.015
Commissioner to provide forms for examinations and reports; preservation of reports
Status: in_force

1. For the purpose of carrying into effect the provisions of chapters 657 to 671, inclusive, of NRS, the Commissioner shall provide the necessary forms for all examinations and reports as required in chapters 657 to 671, inclusive, of NRS.

2. All reports received by the Commissioner must be preserved in the Commissioner’s office.
Nev. Rev. Stat. § 664.025 — NV Code / Title 55 / Chapter 664 / Section 664.025
Cashier's check acceptable in lieu of certified check
Status: in_force

Any time that a certified check is required in any legal document or transaction, the effectiveness of which document or transaction is governed by the laws of this state, a bank may issue a cashier's check which shall be accepted in lieu of a certified check and which shall have the same force and effect as a certified check.