Nev. Rev. Stat. § 677.400 — NV Code / Title 55 / Chapter 677 / Section 677.400
Annual report by licensee; composite reports
Status: in_force

1. Annually, on or before May 15, unless the Commissioner grants a written extension, each licensee shall file with the Commissioner a report of operations of the licensed business for the preceding calendar year.

2. The report must give information with respect to the financial condition of the licensee, including, without limitation: (a) Balance sheets at the beginning and end of the year; (b) A statement of income and expenses for the period; (c) A reconciliation of the surplus or net worth with the balance sheets; (d) A schedule of the assets used and useful in the licensed business; (e) The size of loans and an analysis of charges, including the monthly average number and amount of loans outstanding; (f) An analysis of delinquent accounts; (g) Any court actions undertaken to effect collection; and (h) Any further statistical information reasonably prescribed by the Commissioner.

3. The report must be made under oath and be in the form prescribed by the Commissioner.

4. If any person or affiliated group holds more than one license in this state, that person or group may file a composite annual report, if a short form of report applicable to each licensed office accompanies the report.

5. A licensee may comply with the provisions of this section by filing with the Commissioner a copy of the annual audit report filed by the licensee with the Federal Deposit Insurance Corporation pursuant to 12 U.S.C. § 1831m .
Nev. Rev. Stat. § 658.175 — NV Code / Title 55 / Chapter 658 / Section 658.175
State Board of Finance bound by limitations imposed on Commissioner as to certification of new banks and establishment of branch banks
Status: in_force

Notwithstanding any other provisions of chapters 657 to 671, inclusive, of NRS, the State Board of Finance, in the exercise of its authority to review the action of the Commissioner, is bound by the requirements, conditions and limitations imposed by chapters 657 to 671, inclusive, of NRS on the Commissioner as to the certification of new banks or the establishment of branch banks.
Nev. Rev. Stat. § 676A.310 — NV Code / Title 55 / Chapter 676A / Section 676A.310
Application for registration: Form; contents; fee; bond; evidence of insurance
Status: in_force

1. An application for registration as a provider must be in a form prescribed by the Commissioner.

2. Subject to adjustment of dollar amounts pursuant to subsection 6 of NRS 676A.730 , an application for registration as a provider must be accompanied by: (a) The fee established by the Commissioner; (b) The bond required by NRS 676A.390 ; (c) If the debt-management services to be provided by the provider will include the development and implementation of debt-management plans, identification of all trust accounts required by NRS 676A.570 and an irrevocable consent authorizing the Commissioner to review and examine the trust accounts; (d) Evidence of insurance in the amount of $250,000: (1) Against the risks of dishonesty, fraud, theft and other misconduct on the part of the applicant or a director, employee or agent of the applicant; (2) 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; (3) With a deductible not exceeding $5,000; (4) Payable for the benefit of the applicant, this State and individuals who are residents of this State, as their interests may appear; and (5) Not subject to cancellation by the applicant or the insurer until 60 days after written notice has been given to the Commissioner; (e) Proof of compliance with NRS 360.760 to 360.796 , inclusive; and (f) If the applicant is exempt from taxation, evidence of nonprofit and tax-exempt status applicable to the applicant under the Internal Revenue Code, 26 U.S.C. § 501 .
Nev. Rev. Stat. § 666A.340 — NV Code / Title 55 / Chapter 666A / Section 666A.340
Filing of reports with Commissioner
Status: in_force

1. Each foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall file with the Commissioner such reports, at such times, as the Commissioner may by regulation require.

2. Each report filed with the Commissioner under this chapter or under any regulation adopted under this chapter must be in such form and contain such information, be signed in such manner and be verified in such manner as the Commissioner may require.
Nev. Rev. Stat. § 671.098 — NV Code / Title 55 / Chapter 671 / Section 671.098
Additional materials required to be submitted to Commissioner by certain persons through Nationwide Multistate Licensing System and Registry
Status: in_force

1. In addition to any other requirements set forth in this chapter, each natural person who is an applicant for the issuance of a license pursuant to NRS 671.050 , each natural person in control of such an applicant, each owner, officer, director and proposed key individual of the applicant, each natural person who seeks to acquire control of a licensee pursuant to NRS 671.155 , each person who becomes a key individual of a licensee and any other person the Commissioner may require in accordance with guidelines of the Registry or other multistate agreements shall submit to the Commissioner through the Registry: (a) Except as otherwise provided in subsection 5, a complete set of fingerprints for submission to the Federal Bureau of Investigation and any other governmental agency or entity authorized to receive such information for a state, national and international background check on the criminal history of the person; (b) Except as otherwise provided in subsection 6, information concerning the personal history, financial history and experience of the person in a form prescribed by the Registry, including, without limitation, an authorization of the person for the Registry and the Commissioner to obtain: (1) An independent credit report and credit score from a consumer reporting agency described in section 603(f) of the Fair Credit Reporting Act, 15 U.S.C. § 1681a(f) , for the purpose of evaluating the financial responsibility of the person at the time of the submission of the application; and (2) Additional independent credit reports and credit scores to confirm that the person continues to comply with any applicable requirements concerning financial responsibility; (c) Information related to any regulatory or administrative action and any civil litigation involving claims of fraud, misrepresentation, conversion, mismanagement of funds, breach of fiduciary duty or breach of contract; (d) Information related to any criminal convictions or pending charges against the person; and (e) Any other information concerning the person that the Registry or Commissioner may require.

2. In addition to the requirements set forth in subsection 1, if a natural person described in subsection 1 has resided outside of the United States at any time in the 10 years immediately preceding the date on which the applicable application or notice is submitted to the Commissioner pursuant to NRS 671.050 , 671.155 or 671.195 , the natural person must also submit to the Commissioner, through the Registry, an investigative background report prepared by an independent search firm.

3. The search firm described in subsection 2 must, at a minimum: (a) Demonstrate to the satisfaction of the Commissioner that it has sufficient knowledge and resources and employs accepted and reasonable methodologies to conduct the research of the investigative background report; and (b) Not be affiliated with or have an interest with the natural person it is researching.

4. The investigative background report described in subsection 2 must, at a minimum, be written in English and contain the following information: (a) If available in the jurisdiction in which the natural person resides, a comprehensive credit report or any equivalent information obtained or generated by the independent search firm to accomplish the investigative background report, including, without limitation, a search of the court data in each country, province, state, city, town and contiguous area where the natural person resided and worked; (b) Criminal records information for the immediately preceding 10 years, including, without limitation, information regarding any felony, misdemeanor or similar conviction for a violation of law in each country, province, state, city, town and contiguous area where the natural person resided and worked; (c) Employment history; (d) Media history, including, without limitation, an electronic search of national and local publications, wire services and business applications; and (e) Regulatory history relating to financial services, including, without limitation, money transmission, securities, banking, insurance and mortgage related industries.

5. The requirements of paragraph (a) of subsection 1 do not apply to a natural person who, at the time the applicable application or notice has been submitted pursuant to NRS 671.050 , 671.155 or 671.195 , resides outside of the United States and has resided outside of the United States for the 10 years immediately preceding the date on which the application or notice was submitted.

6. A natural person who does not have a social security number is not required to provide to the Commissioner information to obtain an independent credit report from a consumer reporting agency.
Nev. Rev. Stat. § 657.058 — NV Code / Title 55 / Chapter 657 / Section 657.058
“Nevada” defined
Status: in_force

“Nevada” when used to modify:

1. The word “bank” or the term “depository institution” means organized under the laws of this State; and

2. The term “national bank” means having its headquarters within this State.
Nev. Rev. Stat. § 670B.610 — NV Code / Title 55 / Chapter 670B / Section 670B.610
Administration, accounting and use of money received by Commissioner; nonreversion; interest and income; claims
Status: in_force

1. The Commissioner shall: (a) Administer and account for separately the money received pursuant to this chapter. (b) Use the money received pursuant to this chapter for the purposes set forth in this chapter.

2. Any money that remains in the account created pursuant to subsection 1 at the end of the fiscal year does not revert to the State General Fund, and the balance of the account must be carried forward to the next fiscal year.

3. Any interest or income earned on the money in the account created pursuant to subsection 1 must be credited to the account, after deducting any applicable charges.

4. Any claims against the account must be paid as other claims against the State are paid.
Nev. Rev. Stat. § 676A.700 — NV Code / Title 55 / Chapter 676A / Section 676A.700
Prohibited acts
Status: in_force

1. A provider may not, directly or indirectly: (a) Misappropriate or misapply money held in trust; (b) Settle a debt on behalf of an individual for more than 50 percent of the outstanding amount of the debt owed a creditor, unless the individual assents to the settlement after the creditor has assented; (c) Take a power of attorney that authorizes it to settle a debt, unless the power of attorney expressly limits the provider's authority to settle debts for not more than 50 percent of the outstanding amount of the debt owed a creditor; (d) Exercise or attempt to exercise a power of attorney after an individual has terminated an agreement; (e) Initiate a transfer from an individual's account at a bank or with another person unless the transfer is: (1) A return of money to the individual; or (2) Before termination of an agreement, properly authorized by the agreement and this chapter and for: (I) Payment to one or more creditors pursuant to an agreement; or (II) Payment of a fee; (f) Offer a gift or bonus, premium, reward or other compensation to an individual for executing an agreement; (g) Offer, pay or give a gift or bonus, premium, reward or other compensation to a person for referring a prospective customer, if the person making the referral has a financial interest in the outcome of debt-management services provided to the customer, unless neither the provider nor the person making the referral communicates to the prospective customer the identity of the source of the referral; (h) Receive a bonus, commission or other benefit for referring an individual to a person; (i) Structure a plan in a manner that would result in a negative amortization of any of an individual's debts, unless a creditor that is owed a negatively amortizing debt agrees to refund or waive the finance charge upon payment of the principal amount of the debt; (j) Compensate its employees on the basis of a formula that incorporates the number of individuals the employee induces to enter into agreements; (k) Settle a debt or lead an individual to believe that a payment to a creditor is in settlement of a debt to the creditor unless, at the time of settlement, the individual receives a certification by the creditor that the payment is in full settlement of the debt or is part of a payment plan, the terms of which are included in the certification, that on completion will lead to full settlement of the debt; (l) Make a representation that: (1) The provider will furnish money to pay bills or prevent attachments; (2) Payment of a certain amount will permit satisfaction of a certain amount or range of indebtedness; or (3) Participation in a plan will or may prevent litigation, garnishment, attachment, repossession, foreclosure, eviction or loss of employment; (m) Misrepresent that it is authorized or competent to furnish legal advice or perform legal services; (n) Represent in its agreements, disclosures required by this chapter, advertisements or Internet website that it is a not-for-profit entity unless it is organized and properly operating as a not-for-profit entity under the law of the state in which it was formed or a tax-exempt entity unless it has received certification of tax-exempt status from the Internal Revenue Service and is properly operating as a not-for-profit entity under the law of the state in which it was formed; (o) Take a confession of judgment or power of attorney to confess judgment against an individual; (p) Employ an unfair, unconscionable or deceptive act or practice, including, without limitation, the knowing omission of any material information; (q) Receive any compensation from the creditors of an individual, unless the compensation is a donation for the operating costs of the provider; or (r) If the provider furnishes debt settlement services, represent that the provider is able to prevent telephone calls from creditors.

2. If a provider furnishes debt-management services to an individual, the provider may not, directly or indirectly: (a) Purchase a debt or obligation of the individual; (b) Receive from or on behalf of the individual: (1) A promissory note or other negotiable instrument other than a check or a demand draft; or (2) A postdated check or demand draft; (c) Lend money or provide credit to the individual, except as a deferral of a settlement fee at no additional expense to the individual; (d) Obtain a mortgage or other security interest from any person in connection with the services provided to the individual; (e) Except as permitted by federal law, disclose the identity or identifying information of the individual or the identity of the individual's creditors, except to: (1) The Commissioner, upon proper demand; (2) A creditor of the individual, to the extent necessary to secure the cooperation of the creditor in a plan; or (3) The extent necessary to administer the plan; (f) Except as otherwise provided in subsection 6 of NRS 676A.580 , provide the individual less than the full benefit of a compromise of a debt arranged by the provider; (g) Charge the individual for or provide credit or other insurance, coupons for goods or services, membership in a club, access to computers or the Internet or any other matter not directly related to debt-management services or educational or counseling services concerning personal finance, except to the extent such services are expressly authorized by the Commissioner; (h) Furnish legal advice or perform legal services, unless the person furnishing that advice to or performing those services for the individual is licensed to practice law; or (i) With respect to debt settlement services: (1) Have an ownership interest in, or any control of, the settlement account of an individual to whom the provider is providing debt settlement services; or (2) Provide debt settlement services with respect to a secured debt, a debt which was at any time a secured debt or a loan to which chapter 604A of NRS applies or include a secured debt, debt which was at any time a secured debt or a loan to which chapter 604A of NRS applies in the calculation of the provider's fee.

3. A provider, or an employee, officer or agent of a provider, may not provide legal services or advice or represent that the provider, or an employee, officer or agent of the provider, is authorized or competent to provide legal services or advice, unless the person providing legal services or advice, or about whom the representations concerning the provision of legal services or advice were made, is authorized to practice law in this State. As used in this subsection, “ legal services or advice ” includes, without limitation, an analysis of the rights of a creditor or debtor with respect to a debt, advice concerning a response to legal filings or actions and predictions of the likely outcome of litigation or arbitration concerning a debt.

4. This chapter does not authorize any person to engage in the practice of law.

5. A provider may not receive a gift or bonus, premium, reward or other compensation, directly or indirectly, for advising, arranging or assisting an individual in connection with obtaining an extension of credit or other service from a lender or service provider, except for educational or counseling services required in connection with a government-sponsored program.

6. Unless a person supplies goods, services or facilities generally and supplies them to the provider at a cost no greater than the cost the person generally charges to others, a provider may not purchase goods, services or facilities from the person if an employee or a person that the provider should reasonably know is an affiliate of the provider: (a) Owns more than 10 percent of the person; or (b) Is an employee or affiliate of the person.
Nev. Rev. Stat. § 669A.160 — NV Code / Title 55 / Chapter 669A / Section 669A.160
Minimum stockholders’ equity required for organization and operation
Status: in_force

A licensed family trust company must not be organized or operated with a stockholders' equity of less than $300,000. The full amount of the initial stockholders' equity must be paid in cash, exclusive of all organization expenses, before the licensed family trust company is authorized to commence business as a licensed family trust company.
Nev. Rev. Stat. § 661.205 — NV Code / Title 55 / Chapter 661 / Section 661.205
Overdrafts
Status: in_force

Any overdraft which is outstanding for more than 90 days may not be considered an asset of the bank unless it is adequately secured and in the process of being collected.
Nev. Rev. Stat. § 661.145 — NV Code / Title 55 / Chapter 661 / Section 661.145
Directors or managers: Qualifications
Status: in_force

1. No person is eligible to serve as a director or manager of any bank, organized or existing under the laws of this State, unless the person: (a) Is a bona fide owner of stock of the bank or its holding company; (b) Holds stock of the bank or its holding company in a revocable trust; or (c) Has a member's interest in the bank.

2. The stock or interest owned or held pursuant to subsection 1 must have a total fair market value of at least $1,000. A determination of the value of the stock or interest must be based on its value on the date it was purchased or on its value on the date the owner or holder of the stock or interest became a director, whichever is greater. The stock or the member's contribution must be fully paid and not pledged.

3. For the purposes of this section, “holding company” has the meaning ascribed to it in NRS 666.005 .
Nev. Rev. Stat. § 666.095 — NV Code / Title 55 / Chapter 666 / Section 666.095
Annual registration reports required of bank holding companies
Status: in_force

Each bank holding company doing business in this state, directly or through a subsidiary bank, shall file an annual registration report with the Commissioner within 120 days after the end of its fiscal year. The report must contain:

1. A full statement of the general financial condition of the company; and

2. A description of the operation, management and intercompany relationships of the company.
Nev. Rev. Stat. § 677.540 — NV Code / Title 55 / Chapter 677 / Section 677.540
Taking possession of business by Commissioner: Conditions; resumption of business
Status: in_force

Whenever it appears to the Commissioner that:

1. The stockholders' equity of any licensee is less than its initial stockholders' equity;

2. Any licensee has violated its articles of incorporation or any law of this state;

3. Any licensee is conducting its business in an unsafe or unauthorized manner;

4. Any licensee refuses to submit its books, papers and affairs to the inspection of any examiner;

5. Any officer of any licensee refuses to be examined upon oath touching the concerns of the licensee;

6. Any licensee has suspended payment of its obligations;

7. Any licensee is in a condition that it is unsound or unsafe for it to transact business;

8. Any licensee neglects or refuses to observe any order of the Commissioner made pursuant to this chapter unless the enforcement of the order is restrained in a proceeding brought by the licensee;

9. Any licensee has accepted deposits in violation of the provisions of this chapter; or

10. Any fact or condition exists which, if it had existed at the time of the original application for authority to organize and establish a corporation to engage in business under this chapter, it reasonably would have warranted the disapproval of the application by the Commissioner,

the Commissioner may forthwith take possession of the property and business of the licensee and retain possession until it resumes business or its affairs are finally liquidated as provided in this chapter. The licensee, with the consent of the Commissioner, may resume business upon such conditions as the Commissioner may prescribe.
Nev. Rev. Stat. § 660.045 — NV Code / Title 55 / Chapter 660 / Section 660.045
Definitions
Status: in_force

As used in NRS 660.045 to 660.105 , inclusive, unless the context otherwise requires:

1. “Electronic terminal” means an electronic device, other than a telephone operated by a customer, through which a customer may initiate an electronic transfer of money. The term includes, but is not limited to, mechanical tellers.

2. “Electronic transfer of money” means any transfer of money, other than a transaction initiated by a check, draft or other similar instrument, that is initiated through an electronic terminal, telephone, computer or magnetic tape for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account.

3. “Financial institution” means a bank, savings and loan association, savings bank, thrift company or credit union regulated pursuant to this title.

4. “Mechanical teller” means an electronic terminal used by a financial institution to effectuate transactions solely between itself and its customers. The term does not include any device used solely to guarantee the payment of a check or to authorize or verify the issuance of a check.
Nev. Rev. Stat. § 657.140 — NV Code / Title 55 / Chapter 657 / Section 657.140
Loan agreements: Certain provisions for recovery prohibited; exceptions
Status: in_force

1. Except as otherwise provided in subsection 2, a financial institution shall not include in any loan agreement a provision that allows the financial institution to recover, take, appropriate or otherwise apply as a setoff against any debt or liability owing to the financial institution under the loan agreement money from an account unrelated to the loan agreement to the extent the money is exempt from execution pursuant to paragraph (y) of subsection 1 of NRS 21.090 .

2. The provisions of subsection 1 do not apply to a provision in a loan agreement that specifically authorizes automatic withdrawals from an account.

3. The provisions of this section may not be varied by agreement, and the rights conferred by this section may not be waived. Any provision included in an agreement that conflicts with this section is void.

4. As used in this section: (a) “An account unrelated to the loan agreement ” includes, without limitation, an account pledged as security under the loan agreement, unless the specific account pledged as security is conspicuously described in the loan agreement. (b) “ Financial institution ” means an institution licensed pursuant to the provisions of this title or chapter 645B or 649 of NRS , or a similar institution chartered or licensed pursuant to federal law.
Nev. Rev. Stat. § 669A.130 — NV Code / Title 55 / Chapter 669A / Section 669A.130
Licensed family trust company has same rights, privileges and exemptions as trust company
Status: in_force

Except as otherwise provided in NRS 669A.150 , a family trust company licensed pursuant to this chapter has all the rights, privileges and exemptions from licensing and regulation requirements made applicable by any law of this State to trust companies licensed pursuant to chapter 669 of NRS , including, without limitation, the requirements for registration, licensing and supervision set forth in chapter 90 of NRS.
Nev. Rev. Stat. § 657A.610 — NV Code / Title 55 / Chapter 657A / Section 657A.610
Powers of Director to enforce chapter
Status: in_force

1. If the Director has reasonable cause to believe that a participant has engaged in, is engaging in or threatens to engage in any act or omission in violation of any provision of this chapter or any other applicable statute or regulation for which a civil or criminal penalty is prescribed, the Director may: (a) Request that the Attorney General bring an action in any court of competent jurisdiction to enjoin the violation; (b) Remove the participant from the Program or order the participant to exit the Program; or (c) Take any combination of those actions.

2. A removal of or compelled exit of a participant from the Program is final and not subject to administrative or judicial review.
Nev. Rev. Stat. § 662.097 — NV Code / Title 55 / Chapter 662 / Section 662.097
Investments in securities of management investment trust or management investment company
Status: in_force

1. A bank which is acting as a fiduciary or agent may, in its discretion or at the direction of another person who is authorized to direct the investment of money held by the bank as a fiduciary or agent, invest in the securities of a management investment trust or management investment company if: (a) The investment trust or investment company is registered pursuant to the Investment Company Act of 1940, as amended, 15 U.S.C. §§ 80a-1 et seq. ; and (b) The portfolio of the investment trust or investment company consists substantially of investments which are not prohibited by the instrument creating the fiduciary or agency relationship.

2. A bank or an affiliate of the bank may provide services to the investment trust or investment company, including, without limitation, acting as an investment adviser, custodian, transfer agent, registrar, sponsor, distributor or manager and may receive reasonable compensation for the services. The manner in which the compensation is calculated must be disclosed to the person who is currently receiving the benefits of the fiduciary or agency relationship with the bank. The disclosure may be made by a prospectus, a statement of account or otherwise.

3. A bank may deposit money held by the bank as a fiduciary or agent with an affiliate before investing or making other disposition of the money.
Nev. Rev. Stat. § 667.115 — NV Code / Title 55 / Chapter 667 / Section 667.115
Termination of trusteeship under security instruments upon insolvency; appointment of successor trustee by petition to district court or pursuant to security instrument
Status: in_force

1. Except as otherwise provided in subsection 2, if any bank created under the laws of this state has been or is appointed trustee in any indenture, deed of trust or other instrument of like character, executed to secure the payment of any bonds, notes or other evidences of indebtedness, is taken over for liquidation by the Commissioner, by the Federal Deposit Insurance Corporation or by any other legally constituted authority, the powers and duties of the bank as trustee cease upon the entry of an order of the district court appointing a successor trustee pursuant to a petition as provided for in NRS 667.125 to 667.185 , inclusive.

2. If an indenture, deed of trust or other instrument of like character that appoints a bank as trustee pursuant to subsection 1 includes a provision which provides for the appointment of a successor trustee if the bank is taken over for liquidation, the powers and duties of the bank as trustee cease upon being taken over by the Commissioner, the Federal Deposit Insurance Corporation or any other legally constituted authority and the successor trustee named, or whose selection is provided for, in the instrument immediately assumes the duties as trustee without appointment by the district court pursuant to NRS 667.125 to 667.185 , inclusive.
Nev. Rev. Stat. § 658.045 — NV Code / Title 55 / Chapter 658 / Section 658.045
Office
Status: in_force

The Division of Financial Institutions must be furnished with suitable offices for the performance of its duties.
Nev. Rev. Stat. § 670B.040 — NV Code / Title 55 / Chapter 670B / Section 670B.040
“License” defined
Status: in_force

“ License ” means a license issued by the Commissioner pursuant to this chapter.
Nev. Rev. Stat. § 669A.190 — NV Code / Title 55 / Chapter 669A / Section 669A.190
Application for license: Contents; fees; regulations; withdrawal of application
Status: in_force

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

2. A nonrefundable fee of not more than $3,000 must accompany the application. The applicant must also pay such reasonable additional expenses incurred in the process of investigation as the Commissioner deems necessary. In addition, a fee of not less than $300 or more than $1,000, prorated on the basis of the licensing year as provided by the Commissioner, must be paid at the time of making the application.

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

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

5. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 12 months of the Commissioner's first request therefor or within such later period as the Commissioner determines. If an application is deemed to be withdrawn pursuant to this subsection or if an applicant otherwise withdraws an application, the Commissioner must not issue a license to the applicant unless the applicant submits a new application and pays any required fees.
Nev. Rev. Stat. § 671.255 — NV Code / Title 55 / Chapter 671 / Section 671.255
Refund required upon written request; exceptions; applicability
Status: in_force

1. Except as otherwise provided in this section, a licensee shall, within 10 days after the date on which the licensee receives a written request from a sender for a refund of money and credits received, issue such a refund to the sender unless any of the following occurs: (a) The money or credits have been forwarded within 10 days after the date on which the money or credit was received for transmission. (b) Instructions have been given committing an equivalent amount of money or credit to the person designated by the sender within 10 days of the date on which the money or credit was received for transmission. (c) The agreement between the licensee and the sender instructs the licensee to forward the money or credits at a time that is beyond 10 days after the date on which the money or credits were received for transmission. If money or credits have not yet been forwarded in accordance with the terms of the agreement between the licensee and the sender, this paragraph does not apply. (d) The refund is requested for a transaction that the licensee has not completed based on a reasonable belief or a reasonable basis to believe that a crime or violation of law, rule or regulation has occurred, is occurring or may occur. (e) The request for a refund does not enable the licensee to: (1) Identify the name, address or telephone number of the sender; or (2) If the sender has multiple transactions pending with the licensee, identify the particular transaction to be refunded.

2. The provisions of this section do not apply to: (a) Money or credits received for transmission which are subject to the provisions of 12 C.F.R. Part 1005, Subpart B , as amended. (b) Money or credits received for transmission pursuant to a written agreement between a licensee and payee to process payments for goods or services provided by the payee.
Nev. Rev. Stat. § 672.650 — NV Code / Title 55 / Chapter 672 / Section 672.650
Right to setoff against multiple-party accounts
Status: in_force

Without qualifying any other statutory right to setoff or lien and subject to any contractual provision, when a party to a multiple-party account is indebted to a credit union, the credit union has a right to setoff against the entire amount of the account.
Nev. Rev. Stat. § 673.001 — NV Code / Title 55 / Chapter 673 / Section 673.001
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 673.0054 to 673.034 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 657A.400 — NV Code / Title 55 / Chapter 657A / Section 657A.400
Application to participate; requirements for application; fee
Status: in_force

1. A person who desires to participate in the Program to test a financial product or service must submit a written application in accordance with this section, in the form prescribed by the Director. A separate application must be filed for each product or service proposed for testing.

2. The application must show that the applicant will at all times during the test: (a) Be subject to the exercise of personal jurisdiction by the courts of this State; and (b) Establish and maintain a physical or virtual location that is reasonably accessible to the Director, from which testing will occur and at which all records, documents and data required by this chapter will be maintained.

3. The application must include: (a) A description of the product or service proposed for testing and an explanation of: (1) The innovation included in the product or service; (2) The regulatory scheme otherwise applicable to the product or service outside the Program; (3) Any benefit of the product or service to consumers; (4) Any risk of financial loss or other harm to consumers associated with the product or service; (5) The nature or features of the product or service that distinguish it from any similar product or service available in this State; and (6) The manner in which participation in the Program will facilitate a successful test of the product or service; (b) A statement of the proposed plan for testing the product or service, including: (1) An estimate of the dates or periods of time anticipated for entry into and exit from the relevant market in this State; (2) Measures to protect consumers from financial loss or other harm caused by a failure of the test; and (3) The plan to wind up and terminate the test; (c) The full legal name, address, telephone number, electronic mail address and website address of the applicant and, if the applicant is not a natural person, each officer, director or other principal of the applicant; (d) A description of any criminal conviction and any final administrative suspension, revocation or termination of a professional or occupational license of the applicant and any other person described in paragraph (c) if such a conviction or suspension, revocation or termination occurred in this State or another jurisdiction within the 5 years immediately preceding the date of the application; (e) The consent of the applicant to the provisions for choice of law and provisions for the selection of a forum as prescribed by the Director; and (f) Any other information deemed necessary by the Director.

4. The application must be submitted to the Director and be accompanied by a nonrefundable fee of not more than $1,000. The Director shall account separately for the money received from fees collected pursuant to this section and use that money solely to pay the expenses of administering the Program.
Nev. Rev. Stat. § 670B.400 — NV Code / Title 55 / Chapter 670B / Section 670B.400
Prohibited acts
Status: in_force

A student loan servicer shall not:

1. Directly or indirectly employ any scheme, device or artifice to defraud or mislead a student loan borrower.

2. Engage in any unfair or deceptive practice toward any person or misrepresent or omit any material information in connection with the servicing of a student education loan, including, without limitation, misrepresenting the amount, nature or terms of any fee or payment due or claimed to be due on a student education loan, the terms and conditions of the loan agreement or the student loan borrower's obligations under the loan.

3. Obtain property by fraud or misrepresentation.

4. Misapply student education loan payments to the outstanding balance of a student education loan.

5. Provide inaccurate information to a credit bureau in a manner which may harm a student loan borrower's creditworthiness.

6. Fail to report both the favorable and unfavorable payment history of the student loan borrower to a nationally recognized consumer credit bureau at least annually if the student loan servicer regularly reports information to a credit bureau.

7. Refuse to communicate with an authorized representative of the student loan borrower if the authorized representative: (a) Provides a written authorization signed by the student loan borrower; and (b) Complies with any reasonable procedures which may be adopted by the student loan servicer to verify that the representative is in fact authorized to act on behalf of the student loan borrower.

8. Make any false statement or omission of a material fact in connection with any information or reports filed with a governmental agency or in connection with any investigation conducted by the Commissioner or another governmental agency.

9. Fail to respond within 15 business days to communications from the Commissioner, or within a shorter, reasonable period of time as may be requested by the Commissioner.

10. Fail to respond within 15 business days to a consumer complaint submitted to the student loan servicer by the Commissioner or the Office of the Attorney General. If necessary, the student loan servicer may request additional time to respond to the complaint, up to a maximum of 45 business days, provided that the request is accompanied by an explanation of why additional time is reasonable and necessary.

11. Engage in abusive acts or practices when servicing a student education loan in this State. An act or practice is abusive in connection with the servicing of a student education loan if that act or practice: (a) Materially interferes with the ability of a student loan borrower to understand a term or condition of a student education loan; or (b) Takes unreasonable advantage of any of the following: (1) A lack of understanding on the part of a student loan borrower of the material risks, costs or conditions of the student education loan; (2) The inability of a student loan borrower to protect the interests of the student loan borrower when selecting or using a student education loan or feature, term or condition of a student education loan; or (3) The reasonable reliance by the student loan borrower on a person engaged in servicing a student education loan to act in the interests of the student loan borrower.
Nev. Rev. Stat. § 671.0125 — NV Code / Title 55 / Chapter 671 / Section 671.0125
“Money services business accredited state” defined
Status: in_force

“ Money services business accredited state ” means a state agency that is accredited by the Conference of State Bank Supervisors and the Money Transmitter Regulators Association for money transmission licensing and supervision.
Nev. Rev. Stat. § 666A.150 — NV Code / Title 55 / Chapter 666A / Section 666A.150
State branch or agency: Powers, duties, limitations and restrictions
Status: in_force

1. Except as otherwise provided in this chapter or in regulations adopted by the Commissioner, a foreign bank operating at a state branch or agency has the same rights, privileges and powers as a Nevada bank at the same location, including the eligibility to exercise fiduciary powers, and is subject to the same duties, restrictions, penalties, liabilities, conditions and limitations that would apply under the laws of this state to a Nevada bank doing business at the same location, but: (a) A state branch may not accept from citizens or residents of the United States deposits other than credit balances that are incidental to or arise out of its exercise of other lawful banking powers, but it may accept deposits from persons who are not citizens or residents of the United States; (b) A state agency may not accept any deposits from citizens or residents of the United States other than credit balances that are incidental to or arise out of its exercise of other lawful banking powers, but it may accept deposits from persons who are not citizens or residents of the United States; and (c) A state branch or agency is not required to maintain federal deposit insurance and the Commissioner may, by regulation or order, exclude or exempt uninsured state branches or agencies from, or otherwise modify the applicability to uninsured state branches or agencies of, any law or regulation of this state that is generally applicable to insured Nevada banks, or that would otherwise be applicable to an insured Nevada bank doing business at the same location, taking into account applicable limitations on the privileges of state branches and agencies and on their power to take retail deposits.

2. Any limitation or restriction based on the stockholders' or members' equity of a Nevada bank shall be deemed to refer, as applied to a state branch or agency, to the dollar equivalent of the stockholders' or members' equity of the foreign bank, and if the foreign bank has more than one state branch or agency in this state, the business transacted by all the state branches and agencies must be aggregated in determining compliance with the limitation.

3. The Commissioner may adopt such additional, or modify the applicability of any existing, standards, conditions or requirements, by regulation, as the Commissioner deems necessary to ensure the safety and soundness and the protection of creditors of the operations of branches and agencies of foreign banks in this state.
Nev. Rev. Stat. § 671.020 — NV Code / Title 55 / Chapter 671 / Section 671.020
Applicability of chapter: Generally
Status: in_force

<Section effective until Dec. 31, 2029, when it expires by limitation. See, also, section 671.020 effective Jan. 1, 2030. >

Except as otherwise provided in NRS 671.155 , this chapter does not apply to any:

1. Federally insured depository financial institution, privately insured depository financial institution, bank holding company or any subsidiary thereof, office of an international banking corporation, foreign bank that establishes a federal branch pursuant to 12 U.S.C. § 3102 , as amended, corporation organization pursuant to 12 U.S.C. §§ 1861 to 1867 , inclusive, as amended, or corporation organized pursuant to 12 U.S.C. §§ 611 to 633 , inclusive, as amended, under the laws of a state or of the United States.

2. Operator of a payment system to the extent that it provides processing, clearing or settlement services between or among persons exempted pursuant to this section or licensees in connection with wire transfers, credit card transactions, debit card transactions, stored value transactions, automated clearinghouse transfers or similar transfers of money.

3. Person appointed as an agent of a payee to collect and process a payment from a payor to the payee for goods or services, other than money transmission, provided to the payor by the payee, so long as: (a) A written agreement exists between the payee and the agent directing the agent to collect and process payments from payors on behalf of the payee; (b) The payee holds the agent out to the public as accepting payments for goods or services on behalf of the payee; and (c) Payment for the goods and services is treated as received by the payee upon receipt by the agent so that the obligation of the payor is extinguished and there is no risk of loss to the payor if the agent fails to remit the money to the payee.

4. Person that acts as an intermediary by processing payments between an entity that has directly incurred an outstanding money transmission obligation to a sender and the designated recipient of the sender, so long as the entity: (a) Is a licensee or exempt from licensure pursuant to this chapter; (b) Provides a receipt, electronic record or other written confirmation to the sender identifying the entity as the provider of money transmission in the transaction; and (c) Bears sole responsibility to satisfy the outstanding money transmission obligation to the sender, including, without limitation, the obligation to make the sender whole in connection with any failure to transmit the money to the designated recipient of the sender.

5. Department, agency, instrumentality or agent of the United States.

6. State, county, city or any other governmental agency, subdivision, instrumentality or agent of a state.

7. Money transmission by the United States Postal Service or by an agent of the United States Postal Service.

8. Trust company that is licensed or otherwise authorized to engage in the business of a trust company in this State pursuant to chapter 669 of NRS .

9. Electronic money transfer of governmental benefits for a federal, state, county or governmental agency by a contractor on behalf of the United States or a department, agency or instrumentality thereof or on behalf of a state or governmental subdivision, agency or instrumentality thereof.

10. Board of trade designated as a contract market under the Commodity Exchange Act, 7 U.S.C. §§ 1 et seq., as amended, or a person that, in the ordinary course of business, provides clearance and settlement services for a board of trade to the extent of its operation as or for the board of trade.

11. Registered futures commission merchant under the federal commodities laws to the extent of its operation as such a merchant.

12. Person registered as a securities broker-dealer under federal or state securities laws to the extent of the operations of the person as such a securities broker-dealer.

13. Natural person employed by a licensee, authorized delegate or any person exempt from licensure pursuant to this section when acting within the scope of employment and under the supervision of the licensee, authorized delegate or exempt person as an employee and not as an independent contractor.

14. Person expressly appointed as a third-party service provider to or agent of an entity exempt pursuant to subsection 1 to the extent that: (a) The third-party service provider or agent is engaging in money transmission on behalf of and pursuant to a written agreement with the exempt entity that sets forth the specific functions that the third-party service provider or agent is to perform; and (b) The exempt entity assumes all risk of loss and legal responsibility for satisfying the outstanding money transmission obligations owed to purchasers and holders of the outstanding money transmission obligations upon receipt by the third-party service provider of the money or monetary value of the purchaser or holder.

15. Employer who performs payroll services on his or her own behalf or on behalf of an affiliate of an employer.

16. Professional employer organization, as defined in NRS 611.400 , who performs payroll services.

17. Provider who is licensed pursuant to chapter 604D of NRS .

18. Person exempt by regulation or order of the Commissioner pursuant to NRS 671.0205 .
Nev. Rev. Stat. § 660.145 — NV Code / Title 55 / Chapter 660 / Section 660.145
“Control” defined
Status: in_force

A person has “control” of an area of access or a defined parking area if the person has the present authority to determine how, when and by whom it is to be used and how it is to be maintained, lit and landscaped.
Nev. Rev. Stat. § 677.380 — NV Code / Title 55 / Chapter 677 / Section 677.380
Regulations and orders of Commissioner
Status: in_force

1. The Commissioner may adopt regulations and make orders for the administration and enforcement of this chapter, in addition to and not inconsistent with this chapter.

2. Any ruling, demand, requirement or similar administrative act may be promulgated by an order.

3. Every order must be in writing, must state its effective date and the date of its promulgation, and must be entered in an indexed permanent book which is a public record.

4. A copy of every order containing a requirement of general application must be mailed to each licensee at least 20 days before the effective date thereof.
Nev. Rev. Stat. § 677.250 — NV Code / Title 55 / Chapter 677 / Section 677.250
Establishment and maintenance
Status: in_force

When authorized by the Commissioner as provided in this chapter, a licensee, pursuant to a resolution of its board of directors, may establish and maintain one or more branch offices within or outside the State.
Nev. Rev. Stat. § 673.0317 — NV Code / Title 55 / Chapter 673 / Section 673.0317
“Savings bank” defined
Status: in_force

“ Savings bank ” means a depository institution subject to the provisions of this chapter to conduct the business of a savings bank.
Nev. Rev. Stat. § 673.279 — NV Code / Title 55 / Chapter 673 / Section 673.279
Purchases of real property contracts; conditions
Status: in_force

A savings bank may invest its funds in the purchase of real property contracts under the following conditions only:

1. That it must acquire the merchantable title to the property covered by such contracts.

2. That the type of property be such as would be eligible for a mortgage or deed of trust loan under this chapter.

3. Before making any such purchase, the property shall be appraised or evaluated and the purchase approved in the same manner as in the case of the purchase of loans secured using a mortgage or deed of trust on real estate.
Nev. Rev. Stat. § 670B.340 — NV Code / Title 55 / Chapter 670B / Section 670B.340
Prohibition against acting under name or place not listed on license: notice to Commissioner required before change in place of business; issuance of multiple licenses to same licensee; license not transferable or assignable
Status: in_force

Only one place of business may be maintained under one license, but the Commissioner may issue more than one license to the same licensee upon the licensee's application for a license for each place of business. A license is not transferable or assignable.

1. A licensee shall not act as a student loan servicer or engage in student loan servicing under any other name or at any other place of business than that identified in the license.

2. The licensee must notify the Commissioner in advance of any change of location of a place of business of the licensee.

3. Only one place of business may be maintained under one license, but the Commissioner may issue more than one license to the same licensee upon the licensee's application for a license for each place of business.

4. A license is not transferable or assignable.
Nev. Rev. Stat. § 677.760 — NV Code / Title 55 / Chapter 677 / Section 677.760
Restriction on percentage of loans secured by stocks or bonds of any one obligor; exception
Status: in_force

1. A licensee shall not lend in the aggregate more than 10 percent of its stockholders' equity upon: (a) The security of the stock of any one corporation, which stock, except as otherwise provided in subsection 2, may not exceed 10 percent of the outstanding stock of that corporation. (b) The security of the bonds of any one obligor except: (1) Bonds of the United States or for the payment of which the credit of the United States is pledged; (2) Bonds of the State of Nevada, or for the payment of which the credit of the State of Nevada is pledged; and (3) Bonds which are general obligations of any county, city, metropolitan water district, school district or irrigation district of the State of Nevada.

2. The stock of a corporation upon the security of which a licensee loans money pursuant to paragraph (a) of subsection 1 may exceed 10 percent of the outstanding stock of that corporation if: (a) The licensee has secured collateral, other than deposits with the licensee, which has a market value of not less than 115 percent of the amount loaned; or (b) The loans are secured by deposits with the licensee and the amount of the money loaned does not exceed 90 percent of the deposits used as collateral.
Nev. Rev. Stat. § 673.710 — NV Code / Title 55 / Chapter 673 / Section 673.710
Time for filing articles of incorporation with Federal Home Loan Bank or Federal Reserve Bank; number of copies; certification by Secretary of State
Status: in_force

Within 10 days after the filing of the articles of incorporation with the Secretary of State, there shall be filed with the Federal Home Loan Bank or Federal Reserve Bank of which such savings bank is a member two copies of the articles of incorporation, certified by the Secretary of State.
Nev. Rev. Stat. § 669A.094 — NV Code / Title 55 / Chapter 669A / Section 669A.094
Liberal construction of chapter
Status: in_force

The rule that statutes in derogation of the common law are to be strictly construed has no application to this chapter. This chapter must be liberally construed to give maximum effect to the principle of freedom of disposition and to the enforceability of trust instruments. This chapter will control over any contrary provisions of law.
Nev. Rev. Stat. § 669A.150 — NV Code / Title 55 / Chapter 669A / Section 669A.150
Unlawful to use or advertise word “trust” as part of name; exceptions
Status: in_force

1. Except as otherwise provided in subsections 2 and 3, or pursuant to the provisions of NRS 669.095 , a family trust company formed and doing business under the laws of this State or any other state shall not: (a) Advertise its services to the public; or (b) Use the word “trust” or any direct derivative of that word as a part of its name.

2. The provisions of subsection 1 do not apply to a family trust company which is licensed pursuant to chapter 669 of NRS .

3. The provisions of paragraph (b) of subsection 1 do not apply to a licensed family trust company.
Nev. Rev. Stat. § 669A.270 — NV Code / Title 55 / Chapter 669A / Section 669A.270
Regulations of Commissioner; determination of organization as family trust company
Status: in_force

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

2. The Commissioner may issue rules, orders, approvals, declaratory rulings or interpretations which determine, in individual circumstances or circumstances of more general applicability, whether an existing or proposed family trust company meets, or family trust companies within such circumstances of more general applicability would meet, the definition of a family trust company. Any person applying for such a determination shall pay an application fee to the Division of Financial Institutions upon submittal of that application for a determination in such amount as the Commissioner shall prescribe.
Nev. Rev. Stat. § 672.765 — NV Code / Title 55 / Chapter 672 / Section 672.765
Limitation on investment in fixed assets
Status: in_force

A credit union must not invest in fixed assets without the prior approval of the Commissioner if the aggregate value of the credit union's existing fixed assets exceeds 7 percent of its total assets.
Nev. Rev. Stat. § 673.5913 — NV Code / Title 55 / Chapter 673 / Section 673.5913
Acceptance of appointment as receiver or liquidator; possession of and title to assets, business and property rests 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 savings 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. § 671.145 — NV Code / Title 55 / Chapter 671 / Section 671.145
Permissible investments: Letter of credit
Status: in_force

1. A letter of credit described in paragraph (g) of subsection 1 of NRS 671.135 must: (a) Be issued by a federally insured depository financial institution, privately insured depository institution, a foreign bank that is authorized by federal law to maintain a federal agency or federal branch office in a state or a foreign bank that is authorized under the laws of a state to maintain a branch office in a state that: (1) Bears an eligible rating or whose parent company bears an eligible rating; and (2) Is regulated, supervised and examined by federal or state authorities having regulatory authority over banks and credit unions; (b) Be irrevocable, unconditional and indicate that it is not subject to any condition or qualification outside of the letter of credit; (c) Not contain any reference to any other agreement, document or entity, or otherwise provide for any security interest in the licensee; (d) Contain an issue date and expiration date, and expressly provide for automatic extension, without a written amendment, for an additional period of 1 year after the present or future expiration date, unless the issuer of the letter of credit notifies the Commissioner in writing by certified or registered mail, courier mail or other receipted means, at least 60 days before any expiration date that the irrevocable letter of credit will not be extended; and (e) Provide that the issuer of the letter of credit will honor, at sight, a presentation made by the beneficiary to the issuer of the following documents on or before the expiration date of the letter of credit: (1) The original letter of credit, including any amendments; and (2) A written statement from the beneficiary stating that any of the following events has occurred: (I) The filing of a petition by or against the licensee pursuant to the United States Bankruptcy Code for bankruptcy or reorganization; (II) The filing of a petition by or against the licensee for receivership or the commencement of any other judicial or administrative proceeding for the dissolution or reorganization of the licensee; (III) The Commissioner has taken possession of the business and property of a licensee pursuant to an order pursuant to NRS 671.425 on the basis of an action, violation or condition that has caused or is likely to cause the insolvency of the licensee; or (IV) The beneficiary has received notice of expiration or non-extension of a letter of credit and the licensee failed to demonstrate to the satisfaction of the beneficiary that the licensee will maintain permissible investments pursuant to subsection 2.

2. If the licensee notifies the Commissioner of the expiration or nonextension of a letter of credit pursuant to paragraph (d) of subsection 1, the licensee, at least 15 days before the expiration of the letter of credit, must demonstrate to the satisfaction of the Commissioner that the licensee maintains and will continue to maintain permissible investments as required by NRS 671.125 . If the licensee fails to make such a demonstration, the Commissioner may draw on the letter of credit in an amount up to the amount necessary to meet the requirement that the licensee maintain permissible investments pursuant to NRS 671.125 . The draw must be offset against the outstanding money transmission obligations of the licensee. The drawn money must be held in trust by the Commissioner or the designated agent of the Commissioner, to the extent authorized by law, as agent for the benefit of the purchasers and holders of the outstanding money transmission obligations of the licensee.

3. The Commissioner may designate an agent to serve on behalf of the Commissioner as beneficiary to a letter of credit so long as the agent and letter of credit meet any requirements established by the Commissioner. The agent may serve as agent for multiple licensing authorities for a single irrevocable letter of credit if the proceeds of the drawable amount for the purposes of this section are assigned to the Commissioner.

4. The Commissioner may participate in multistate processes designed to facilitate the issuance and administration of letters of credit, including, without limitation, services provided by the Registry and the State Regulatory Registry, LLC.
Nev. Rev. Stat. § 671.275 — NV Code / Title 55 / Chapter 671 / Section 671.275
Duties of licensee providing payroll processing services; exception
Status: in_force

1. Except as otherwise provided in subsection 2, a licensee that provides payroll processing services shall: (a) Issue to a client a report detailing the payroll obligations for the client before the money or monetary value for payroll is deducted from an account; and (b) Make available to each worker a paystub or an equivalent statement.

2. The provisions of subsection 1 do not apply to a licensee providing payroll processing services if the client of the licensee designates the intended recipients to the licensee and is responsible for providing the disclosures required by paragraph (b) of subsection 1.
Nev. Rev. Stat. § 671.355 — NV Code / Title 55 / Chapter 671 / Section 671.355
Regulations
Status: in_force

The Commissioner may adopt such reasonable regulations as may be necessary or appropriate for the administration of this chapter.
Nev. Rev. Stat. § 670B.250 — NV Code / Title 55 / Chapter 670B / Section 670B.250
Expiration and renewal of license; filing of annual report
Status: in_force

1. A license issued pursuant to this chapter expires on December 31 of each year following its issuance, unless renewed or earlier surrendered, suspended or revoked pursuant to this chapter.

2. A licensee may renew a license issued pursuant to NRS 670B.230 by filing with the Commissioner an application containing the documents and fees set forth in NRS 670B.210 for an initial license. Such a renewal application shall be deemed to be timely filed if filed on or before November 1 of the year in which the license expires. Any renewal application filed with the Commissioner after November 1 must be accompanied by a late fee of $100 and, if so, such a filing also shall be deemed to be timely filed. If an application for renewal of a license is timely filed with the Commissioner pursuant to this subsection on or before the date the license expires, the license sought to be renewed continues in full force and effect until the issuance by the Commissioner of the renewed license or until the Commissioner notifies the licensee in writing of the Commissioner's refusal to issue a renewed license together with the grounds upon which such refusal is based. The Commissioner may refuse to issue a renewed license on any ground on which the Commissioner may refuse to issue an initial license.

3. A licensee may renew a license issued pursuant to 670B.240 by filing with the Commissioner, before the expiration of the license, an application containing any documents and fees required pursuant to NRS 670B.240 for an initial license.

4. Annually, on or before April 15, each licensee shall file with the Commissioner and the Nationwide Multistate Licensing System and Registry a report of operations of the licensed business for the immediately preceding calendar year under oath and on a form prescribed by the Commissioner.
Nev. Rev. Stat. § 672.370 — NV Code / Title 55 / Chapter 672 / Section 672.370
Board of directors: Duties
Status: in_force

The directors of a credit union shall:

1. Purchase a blanket fidelity bond in accordance with the regulations of the Commissioner which provides the credit union with protection against losses from misappropriation, defalcation in breach of trust, negligence, acts of God or nature, fire, burglary, robbery or other cause over which the bonded officers, employers and agents had no control;

2. Declare dividends in the manner prescribed in the bylaws;

3. Determine the interest rate to be charged on loans and paid on deposits;

4. Limit the number of shares and the amount of deposits which may be owned by any member;

5. Establish the compensation of all employees and officers;

6. Establish the maximum secured and unsecured loan which may be made to any one member;

7. Designate a depository or depositories for the money of the credit union;

8. Suspend or remove any member who fails to perform or negligently performs his or her assigned duties;

9. Establish compensation to be paid any employee, officer or other persons performing services on behalf of the credit union;

10. Determine from time to time the interest rate, consistent with the provisions of this chapter, which will be charged on loans; and

11. Authorize interest refunds to members from income earned and received in proportion to interest paid by them on such classes of loans. Such refunds are subject to conditions imposed by the board.
Nev. Rev. Stat. § 675.390 — NV Code / Title 55 / Chapter 675 / Section 675.390
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 examine him or her under oath relative to loans or business regulated by this chapter or to the subject matter of any examination, investigation or hearing, and may require the production of books, accounts, papers and records.
Nev. Rev. Stat. § 669A.225 — NV Code / Title 55 / Chapter 669A / Section 669A.225
Authorized actions and transactions; conflicts of interest
Status: in_force

1. In addition to the transactions authorized by NRS 669A.230 and notwithstanding the provisions of any other law to the contrary, while acting as the fiduciary of a trust, a family trust company or licensed family trust company may: (a) Invest in a security of an investment company or investment trust for which the family trust company or licensed family trust company, or a family affiliate, provides services in a capacity other than as a fiduciary; (b) Place a security transaction using a broker that is a family affiliate; (c) Invest in an investment contract that is purchased from an insurance company or carrier owned by or affiliated with the family trust company or licensed family trust company, or a family affiliate; (d) Enter into an agreement with a beneficiary or grantor of a trust with respect to the appointment or compensation of the fiduciary or a family affiliate; (e) Transact with another trust, estate, guardianship or conservatorship for which the family trust company or licensed family trust company is a fiduciary or in which a beneficiary has an interest; (f) Make an equity investment in a closely held entity that may or may not be marketable and that is owned or controlled, either directly or indirectly, by one or more beneficiaries, family members or family affiliates; (g) Deposit trust money in a financial institution that is owned or operated by a family affiliate; (h) Delegate the authority to conduct any transaction or action pursuant to this section to an agent of the family trust company or licensed family trust company, or a family affiliate; (i) Purchase, sell, hold, own or invest in any security, bond, real or personal property, stock or other asset of a family affiliate; (j) Loan money to, borrow money from or guaranty indebtedness on behalf of: (1) A family member of the trust or his or her legal representative; (2) Another trust managed by the family trust company or licensed family trust company; or (3) A family affiliate; (k) Act as proxy in voting any shares of stock which are assets of the trust; (l) Exercise any powers of control with respect to any interest in a company that is an asset of the trust, including, without limitation, the appointment of officers or directors who are family affiliates; and (m) Receive reasonable compensation for its services or the services of a family affiliate.

2. A transaction or action authorized pursuant to subsection 1 must: (a) Be for a fair price, if applicable; (b) Be in the interest of the beneficiaries; and (c) Comply or not be inconsistent with: (1) The terms of the trust instrument establishing the fiduciary relationship; (2) A judgment, decree or court order; (3) The written consent of each interested person; or (4) A notice of proposed action issued pursuant to NRS 164.725 .

3. Except as otherwise provided in subsection 2, nothing in this section prohibits a family trust company or licensed family trust company from transacting business with or investing in any asset of: (a) A trust, estate, guardianship or conservatorship for which the family trust company or licensed family trust company is a fiduciary; (b) A family affiliate; or (c) Any other company, agent, entity or person for which a conflict of interest may exist.

4. A conflict of interest between the fiduciary duty and personal interest of a family trust company or licensed family trust company does not void a transaction or action that: (a) Complies with the provisions of this section; or (b) Occurred before the family trust company or licensed family trust company entered into a fiduciary relationship pursuant to a trust instrument.

5. A transaction by or action of a family trust company or licensed family trust company authorized by this section is not voidable if: (a) The transaction or action was authorized by the terms of the trust; (b) The transaction or action was approved by a court or pursuant to a court order; (c) No interested person commenced a legal action relating to the transaction or action pursuant to subsection 6; (d) The transaction or action was authorized by a valid consent agreement, release or pursuant to the issuance of a notice of proposed action issued pursuant to NRS 164.725 ; or (e) The transaction or action occurred before the family trust company or licensed family trust company entered into a fiduciary relationship pursuant to a trust instrument.

6. A legal action by an interested person alleging that a transaction or action by a family trust company or licensed family trust company is voidable because of the existence of a conflict of interest must be commenced within 1 year after the date on which the interested person discovered, or by the exercise of due diligence should have discovered, the facts in support of his or her claim.

7. Notwithstanding the provisions of any other law to the contrary, a family trust company or licensed family trust company is not required to obtain court approval for any transaction that otherwise complies with the provisions of this section.

8. Notwithstanding the provisions of any other law to the contrary, any transaction between a family trust company or a licensed family trust company and a beneficiary of a trust or the spouse or family member of a beneficiary shall not be presumed to be a conflict of interest or a violation of fiduciary duty.
Nev. Rev. Stat. § 673.470 — NV Code / Title 55 / Chapter 673 / Section 673.470
Other examinations acceptable in lieu of examination by Commissioner
Status: in_force

In lieu of making any examination, the Commissioner may accept any examination of any savings bank made by the Board of Governors of the Federal Reserve System, any Federal Home Loan Bank or Federal Reserve Bank, or the Federal Deposit Insurance Corporation, or may examine any such institution in conjunction with the Board of Governors of the Federal Reserve System, a Federal Home Loan Bank or Federal Reserve Bank, or the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 677.480 — NV Code / Title 55 / Chapter 677 / Section 677.480
Order of Commissioner directing discontinuance of unsafe or injurious practice
Status: in_force

If it appears to the Commissioner any company is conducting business in an unsafe or injurious manner, he or she may by written order direct the discontinuance of any unsafe or injurious practices.
Nev. Rev. Stat. § 676A.730 — NV Code / Title 55 / Chapter 676A / Section 676A.730
Powers of Commissioner: Enforcement; investigation; regulations; fees; cooperative agreements
Status: in_force

1. The Commissioner may act on his or her own initiative or in response to complaints and may receive complaints, take action to obtain voluntary compliance with this chapter, refer cases to the Attorney General and seek or provide remedies as provided in this chapter.

2. The Commissioner may investigate and examine, in this State or elsewhere, by subpoena or otherwise, the activities, books, accounts and records of a person that provides or offers to provide debt-management services, or a person to which a provider has delegated its obligations under an agreement or this chapter, to determine compliance with this chapter. Information that identifies individuals who have agreements with the provider must not be disclosed to the public. In connection with the investigation, the Commissioner: (a) Shall charge and collect from the 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 this chapter or any regulations adopted pursuant thereto; (b) May require or permit a person to file a statement under oath as to all the facts and circumstances of a matter to be investigated; and (c) May seek a court order authorizing seizure from a bank at which the person maintains a trust account required by NRS 676A.570 , any or all money, books, records, accounts and other property of the provider that is in the control of the bank and relates to individuals who reside in this State.

3. The Commissioner may adopt regulations to implement the provisions of this chapter.

4. The Commissioner may enter into cooperative arrangements with any other federal or state agency having authority over providers and may exchange with any of those agencies information about a provider, including, without limitation, information obtained during an examination of the provider.

5. Except as otherwise provided in NRS 658.101 , the Commissioner, by regulation, shall establish reasonable fees to be paid by providers for the expense of administering this chapter. The Commissioner may, in his or her discretion, establish a reduced fee schedule for providers that are qualified nonprofit entities.

6. The Commissioner, by regulation, shall adopt dollar amounts instead of those specified in NRS 676A.030 , 676A.310 , 676A.350 , 676A.390 , 676A.580 , 676A.740 and 676A.760 to reflect inflation, as measured by the Consumer Price Index for All Urban Consumers, published by the United States Department of Labor, or, if that Index is not available, another index adopted by regulation by the Commissioner. The Commissioner shall adopt a base year and adjust the dollar amounts, effective on July 1 of each year, if the change in the index from the base year, as of December 31 of the preceding year, is at least 10 percent. The dollar amount must be rounded to the nearest $100, except that the amounts in NRS 676A.580 must be rounded to the nearest dollar.

7. The Commissioner shall notify registered providers of any change in dollar amounts made pursuant to subsection 6 and make that information available to the public.

8. The Commissioner, by regulation, may: (a) Require a provider to make additional disclosures before an individual assents to an agreement, including, without limitation, disclosures that: (1) Nothing in the agreement requires the individual's creditors to accept payments pursuant to a plan. (2) Nothing in the agreement prevents creditors of the individual from pursuing collection efforts, including, without limitation, telephone calls for the purpose of collecting a debt, and that creditors may sue the individual for any debt that remains unpaid. (3) The provider cannot provide legal services or advice and, if the individual is sued, the individual should seek legal services or advice. (4) The provider is not a credit repair organization and does not claim that the plan will have a positive impact on the credit score of the individual. (5) If an agreement contemplates that a provider will develop and implement a debt-management plan, a creditor may be included in the debt-management plan even if the creditor does not make a contribution. (b) Establish any requirements and prohibitions with respect to advertising by providers which do not violate the Nevada Constitution or the Constitution of the United States. Such regulations may include, without limitation, a requirement that a provider submit all advertising used by the provider to the Commissioner within 30 days after the first publication of the advertisement.
Nev. Rev. Stat. § 669A.040 — NV Code / Title 55 / Chapter 669A / Section 669A.040
“Confidential information” defined
Status: in_force

“ Confidential information ” includes:

1. The names of stockholders, members or other owners;

2. Ownership information;

3. Capital contributions;

4. Addresses;

5. Business affiliations;

6. Information obtained from the family trust company;

7. Findings of the Commissioner through any examination or investigation;

8. Any information required to be reported to or filed with the Commissioner;

9. Any information that qualifies as any person's “nonpublic personal information” under 15 U.S.C. § 6809 and the regulations adopted pursuant thereto;

10. Any information or agreement relating to any merger, consolidation or transfer;

11. Any information or agreement relating to any relationship with a contracting trustee; and

12. Any other nonpublic information that, in the judgment of the Commissioner, could be useful in connection with an act of bribery, extortion, identity theft or terrorism.
Nev. Rev. Stat. § 673.044 — NV Code / Title 55 / Chapter 673 / Section 673.044
Notices
Status: in_force

All notices must be in writing. All notices issued or required to be issued by the Commissioner must be sent by registered or certified mail and become effective upon their deposit in the mails.
Nev. Rev. Stat. § 669.208 — NV Code / Title 55 / Chapter 669 / Section 669.208
Appointment of Commissioner as agent for service of process; procedure for service of process; continuances; taxable costs; records
Status: in_force

1. A foreign trust company acting in this State in a fiduciary capacity or engaging in this State in the solicitation of trust company business pursuant to NRS 669.207 shall be deemed to have appointed the Commissioner as the agent of the foreign trust company for service of process in any action or proceeding against the foreign trust company that relates to or arises out of any matter in which the foreign trust company has: (a) Acted or is acting in this State in a fiduciary capacity; or (b) Engaged or is engaging in this State in solicitation of trust company business.

2. The commission of or engagement in this State in any act described in paragraph (a) or (b) of subsection 1 by a foreign trust company is deemed to signify the agreement of the foreign trust company that any legal process served upon the Commissioner pursuant to subsection 1 is of the same legal force and validity as if the legal process were served directly upon the foreign trust company.

3. Service of legal process pursuant to subsection 1 must be made by delivering to the Commissioner a copy of the legal process and paying the fee for service of process prescribed by the Commissioner. Such service shall be sufficient service of process upon a foreign trust company if: (a) Notice of such service and a copy of the process are, within 10 days after delivery to the Commissioner, sent by certified mail by the plaintiff to the principal office of the foreign trust company named in the action or proceeding in the state or territory in which it is located; and (b) An affidavit of compliance with paragraph (a) by the plaintiff is appended to the summons.

4. A court in which an action or proceeding pursuant to this section is pending may order such continuances as may be necessary to afford the foreign trust company named in the action or proceeding reasonable opportunity to defend the action.

5. The fee paid pursuant to subsection 3 by a plaintiff to the Commissioner at the time of the service of process may be recovered as taxable costs by the plaintiff from the defendant if the plaintiff prevails in the action.

6. The Commissioner shall keep a record of each legal process served on the Commissioner pursuant to this section which contains the date and time of each such service of process.
Nev. Rev. Stat. § 673.793 — NV Code / Title 55 / Chapter 673 / Section 673.793
“Reasonable cause to believe” defined
Status: in_force

“ Reasonable cause to believe ” has the meaning ascribed to it in NRS 200.50925 .
Nev. Rev. Stat. § 667.165 — NV Code / Title 55 / Chapter 667 / Section 667.165
Recordation of order appointing successor trustee
Status: in_force

The final order of appointment of any such new trustee upon its entry shall be recorded in the office of the county recorder in the county or counties in which the instrument under which such appointment has been made is recorded, and a minute of the same shall be entered by the county recorder on the margin of the record where the original instrument is recorded.
Nev. Rev. Stat. § 669.240 — NV Code / Title 55 / Chapter 669 / Section 669.240
Fidelity bonds; insurance
Status: in_force

1. The directors or managers of a trust company shall require good and sufficient fidelity bonds in the amount of $25,000 or more on all active officers, managers, members acting in a managerial capacity and employees, whether or not they receive a salary or other compensation from the trust company, to indemnify the trust company against loss because of any dishonest, fraudulent or criminal act or omission by any of the persons bonded acting alone or in combination with any other person. The bonds may be in any form and may be paid for by the trust company.

2. The trust company shall obtain suitable insurance against burglary, robbery, theft and other hazards to which it may be exposed in the operation of its business.

3. The trust company shall at least annually prescribe the amount or penal sum of the bonds or policies and designate the sureties and underwriters thereof, after giving due and careful consideration to all known elements and factors constituting a risk or hazard. The action must be recorded in the minutes of the trust company and reported to the Commissioner.
Nev. Rev. Stat. § 666A.070 — NV Code / Title 55 / Chapter 666A / Section 666A.070
“State” defined
Status: in_force

“State” when used to modify the word “agency” or “branch” or the term “representative office” means licensed pursuant to the provisions of this chapter.
Nev. Rev. Stat. § 670B.660 — NV Code / Title 55 / Chapter 670B / Section 670B.660
Authority of Commissioner unaffected by student loan servicer or other person under examination or investigation acting or claiming to act under authority of other laws
Status: in_force

The authority of the Commissioner pursuant to this chapter with regard to a student loan servicer or other person under examination or investigation remains in effect, without regard to whether the student loan servicer or other person acts or claims to act under any other licensing or registration law of this State, or claims to act without such authority.
Nev. Rev. Stat. § 677.440 — NV Code / Title 55 / Chapter 677 / Section 677.440
Authority of Commissioner to investigate business; free access required; compelling attendance of witnesses
Status: in_force

1. For the purpose of discovering violations of this chapter or of securing information lawfully required under this chapter, the Commissioner or his or her duly authorized representatives may at any time investigate the business and examine the books, accounts, papers and records used therein of: (a) A licensee; (b) Any other person engaged in the business described in this chapter, participating in the business as a principal, agent, broker or otherwise; (c) Any other person engaged in an activity for which a license is required pursuant to the provisions of this chapter; (d) Any person whom the Commissioner has reasonable cause to believe is violating or is about to violate any provision of this chapter, whether or not the person claims to be within the authority or beyond the scope of this chapter; and (e) Any company which is a subsidiary of, affiliated with or owned or controlled by a licensee.

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 Commissioner may require the attendance of any person and examine him or her under oath regarding: (a) Any transaction or business regulated pursuant to the provisions of this chapter; or (b) The subject matter of any audit, examination, investigation or hearing.
Nev. Rev. Stat. § 672.790 — NV Code / Title 55 / Chapter 672 / Section 672.790
Examinations and audits; exceptions; fees
Status: in_force

1. The Commissioner shall make a thorough examination of and into the affairs of each credit union organized under the provisions of this chapter, as often as the Commissioner may deem necessary, but at least once within each 18-month period. In lieu thereof, the Commissioner may accept any or all of a report of an examination of a credit union made by a federal regulatory agency. If the Commissioner accepts any part of such a report in one 18-month period, he or she shall examine the credit union to which the report pertains in the succeeding 18-month period. For the purpose of performing the examination, the Commissioner may: (a) Subpoena witnesses and documents; (b) Administer oaths; and (c) Compel the giving of testimony.

2. The report of the examination must contain comments to the members relative to the management of the affairs of the credit union and the general condition of the assets. Within 30 days following the receipt of the report, the directors shall call a general meeting of key personnel to consider matters contained in the report.

3. The Commissioner shall forward a copy of the report to the chair of each credit union within 30 days after it is completed. The board of directors shall inform the members of the credit union of its general condition at the next annual meeting.

4. For each examination the credit union shall pay a fee based on the rate established and, if applicable, adjusted pursuant to NRS 658.101 .

5. The board of directors may engage a certified public accountant to perform such an examination in lieu of the Commissioner. In such cases, the examination must be equivalent to the type of examination made by the Commissioner and the expense must be borne by the credit union being inspected.

6. The Commissioner shall determine whether an examination performed by an accountant pursuant to subsection 5 is equivalent to an examination conducted by the Commissioner. The Commissioner may examine any area of the operation of a credit union if the Commissioner determines that the examination of that area is not equivalent to an examination conducted by the Commissioner.
Nev. Rev. Stat. § 673.0075 — NV Code / Title 55 / Chapter 673 / Section 673.0075
“Division of Financial Institutions” defined
Status: in_force

“ Division of Financial Institutions ” means the Division of Financial Institutions of the Department of Business and Industry.
Nev. Rev. Stat. § 672.740 — NV Code / Title 55 / Chapter 672 / Section 672.740
Security for loans
Status: in_force

1. In addition to generally accepted types of security, the endorsement of a note by a guarantor or assignment of shares or wages, in a manner consistent with the laws of this state, shall be deemed security within the meaning of this chapter.

2. The credit committee or loan officer, subject to the provisions of this chapter and the bylaws, is responsible for determining the adequacy of security for any loans.
Nev. Rev. Stat. § 670B.380 — NV Code / Title 55 / Chapter 670B / Section 670B.380
Duties of student loan servicer: Response to inquiries; application of overpayment; application of partial payment; required actions upon transfer of servicing of student education loan; adoption of certain policies and procedures; evaluation for income-driven repayment program
Status: in_force

1. Except to the extent inconsistent with federal law or regulation, a student loan servicer shall: (a) Respond to any written inquiry from a student loan borrower or the representative of a student loan borrower by: (1) Acknowledging receipt of the inquiry within 10 business days; and (2) Providing information relating to the inquiry, and, if applicable, the action the student loan servicer will take to correct the account or an explanation of the student loan servicer's position that the student loan borrower's account is correct, within 30 business days. (b) Inquire of a student loan borrower how to apply an overpayment to a student education loan. A student loan borrower's instruction on how to apply an overpayment to a student education loan must stay in effect for any future overpayments during the term of the student education loan unless the student loan borrower provides different instructions. For the purposes of this paragraph, “ overpayment ” means a payment on a student education loan that is in excess of the monthly amount due from the student loan borrower on the student education loan, commonly referred to as a prepayment. (c) Apply a partial payment from a student loan borrower on a student education loan in a manner that minimizes late fees and negative credit reporting. If there are multiple loans on a student loan borrower's account at an equal stage of delinquency, a student loan servicer shall satisfy the requirements of this subsection by applying the partial payment to satisfy as many individual loan payments as possible on the student loan borrower's account. For purposes of this subsection, “ partial payment ” means a payment to a student education loan account that contains multiple individual loans if the payment is in an amount less than the amount necessary to satisfy the outstanding payment due on all loans in the student education loan account, commonly referred to as an underpayment.

2. If the sale, assignment or other transfer of the servicing of a student education loan results in a change in the identity of the person to whom a student loan borrower is required to send payments or direct any communication concerning the student education loan: (a) As a condition of a sale, an assignment or any other transfer of the servicing of a student education loan, require the new student loan servicer to honor all benefits originally represented as available to the student loan borrower during the repayment of the student education loan and preserve the availability of those benefits, including, without limitation, any benefits for which the student loan borrower has not yet qualified; (b) Transfer to the new student loan servicer for the student education loan all information regarding the student loan borrower, the account of the student loan borrower and the student education loan of the student loan borrower. The information must include, without limitation, the repayment status of the student loan borrower and any benefits associated with the student education loan of the student loan borrower; and (c) Complete the transfer of information required by paragraph (b) within 45 calendar days after the sale, assignment or other transfer of the servicing of the student education loan.

3. A student loan servicer who obtains the right to service a student education loan shall adopt policies and procedures to verify that the student loan servicer has received all information regarding the student loan borrower, the account of the student loan borrower and the student education loan of the student loan borrower including, without limitation, the repayment status of the student loan borrower and any benefits associated with the student education loan of the student loan borrower.

4. A student loan servicer shall evaluate a student loan borrower for eligibility for an income-driven repayment program before placing the student loan borrower in forbearance or default if an income-driven repayment program is available to the student loan borrower.
Nev. Rev. Stat. § 662.225 — NV Code / Title 55 / Chapter 662 / Section 662.225
Checks payable in exchange
Status: in_force

In order to prevent accumulation of unnecessary amounts of currency in the vaults of the banks chartered by this state, all checks drawn on such banks shall be payable, unless specified on the face thereof to the contrary by the maker or makers of the checks at the option of the drawee bank, in exchange drawn on the reserve deposits of such drawee bank when any such check is presented by or through any federal reserve bank, post office or express company, or any respective agents thereof.
Nev. Rev. Stat. § 673.803 — NV Code / Title 55 / Chapter 673 / Section 673.803
Training; reporting to designated reporter
Status: in_force

1. Each savings bank shall provide training concerning the identification and reporting of the suspected exploitation of an older person or vulnerable person to each director, officer and employee of the savings bank who: (a) May, as part of his or her regular duties for the savings bank, 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 director, officer or employee is employed by the savings bank or assumes the position.

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. A director, officer or 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. § 673.318 — NV Code / Title 55 / Chapter 673 / Section 673.318
Appraisal or evaluation of real estate at time of acquisition
Status: in_force

Every savings bank shall appraise or evaluate each parcel of real estate at the time of acquisition thereof, except where such appraisal or evaluation is not required under federal law.
Nev. Rev. Stat. § 672.430 — NV Code / Title 55 / Chapter 672 / Section 672.430
List of directors, officers and committee members
Status: in_force

Within 30 days following the election of the executive officers, the secretary shall submit to the Commissioner a list of the names and addresses of the directors, officers and committee members who have been elected or appointed.
Nev. Rev. Stat. § 669.295 — NV Code / Title 55 / Chapter 669 / Section 669.295
Administrative fines
Status: in_force

1. In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $10,000 per violation upon a person who: (a) Without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter; or (b) Violates any provision of this chapter or any regulation adopted pursuant thereto.

2. The maximum total fine that the Commissioner may impose on any person pursuant to this section with respect to the same or similar actions or series of actions which constitute the violations must not exceed the greater of $100,000 or 125 percent of all losses incurred by the retail trust company and its clients as the direct or indirect result of such violations.
Nev. Rev. Stat. § 675.430 — NV Code / Title 55 / Chapter 675 / Section 675.430
Order to desist and refrain; action to enjoin violation; appointment and powers of receiver
Status: in_force

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

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

3. In addition to all other means provided by law for the enforcement of a restraining order or injunction, the court in which an action is brought may impound, and appoint a receiver for, the property and business of the defendant, including books, papers, documents and records pertaining thereto, or so much thereof as the court may deem reasonably necessary to prevent violations of this chapter through or by means of the use of property and business, whether such books, papers, documents and records are in the possession of the defendant, a registered agent acting on behalf of the defendant or any other person. A receiver, when appointed and qualified, has such powers and duties as to custody, collection, administration, winding up and liquidation of such property and business as may from time to time be conferred upon the receiver by the court.
Nev. Rev. Stat. § 673.316 — NV Code / Title 55 / Chapter 673 / Section 673.316
Additional advances or loans to borrower; renewal or extension of loans; loans on property sold by savings bank
Status: in_force

1. Any savings bank may: (a) Make additional advances or loans for the purpose of preserving the security of the loan or for the purpose of protecting the property securing the loan. (b) Make any renewal, extension, advance or loan to the borrower or to any successor in interest in the property securing the loan. (c) Make loans on property sold by a savings bank or extend credit thereon for the purpose of facilitating the sale of the property regardless of any other provision of this chapter.

2. No advance or loan may be made under the provisions of this section if the advance or loan would increase the total liability to the savings bank making the advance or loan to a level that would be prohibited pursuant to regulations applicable to federally chartered banks as set forth by the Office of the Comptroller of the Currency.

3. For the purpose of preserving the security of any loan or of protecting the property securing any loan made in compliance with this chapter, a savings bank may make additional advances or loans to the borrower or any successor in interest in the property securing the loan. Regardless of any other provision of this chapter, a savings bank may make loans or extend credit for the purpose of facilitating the sale of property acquired by repossession, foreclosure or conveyance in lieu of foreclosure if that activity conforms to generally accepted accounting practices.
Nev. Rev. Stat. § 673.332 — NV Code / Title 55 / Chapter 673 / Section 673.332
Property acquired at or by foreclosure or developed by savings bank
Status: in_force

1. A savings bank may hold, manage and convey real property, including apartments and other buildings: (a) Acquired at or by foreclosure of the real property or a conveyance in lieu of foreclosure; or (b) Developed or built by the savings bank. Unless the savings bank has received a written waiver from the Commissioner, the total of money which it has advanced or committed for property which it has developed or built may not exceed twice the sum of its capital, surplus, undivided profits, loan reserve, federal insurance reserve and any other reserves specified by the Commissioner.

2. When a savings bank acquires title to any real property pursuant to subsection 1, the document representing the transaction must be recorded. This subsection does not require recordation of the evidences of any transfer of stock resulting from foreclosure of an interest in a cooperative housing corporation.
Nev. Rev. Stat. § 662.231 — NV Code / Title 55 / Chapter 662 / Section 662.231
“Business of a trust company” and “trust company business” defined
Status: in_force

As used in NRS 662.231 to 662.245 , inclusive, “business of a trust company” or “trust company business” has the meaning ascribed to it in NRS 669.029 .
Nev. Rev. Stat. § 672.875 — NV Code / Title 55 / Chapter 672 / Section 672.875
Regular reserves
Status: in_force

1. Before the payment of any dividend by a central credit union, a regular reserve against loan losses shall be set aside according to the following schedule: (a) Until the regular reserve equals 5 percent of the outstanding loans and risk assets, 2 percent of the gross earnings shall be withheld. (b) Whenever the regular reserve falls below 5 percent of the outstanding loans and risk assets it shall be replenished in accordance with the formula set forth in paragraph (a).

2. No other reserves need be maintained by the central credit union.
Nev. Rev. Stat. § 672.880 — NV Code / Title 55 / Chapter 672 / Section 672.880
Use of words “credit union” or conducting business as credit union by person not organized as credit union; spreading false report concerning management or finances of credit union
Status: in_force

1. Any person, except a credit union organized under the provisions of this chapter or the Nevada Credit Union League, which uses a name or title containing the words “credit union” or any derivation thereof or representing themselves in their advertising or otherwise as conducting business as a credit union is guilty of a gross misdemeanor.

2. Any person who maliciously and knowingly spreads false reports about the management or finances of any credit union is guilty of a gross misdemeanor.
Nev. Rev. Stat. § 659.015 — NV Code / Title 55 / Chapter 659 / Section 659.015
Requirements for organization by person, existing corporation or existing limited-liability company
Status: in_force

1. One or more persons who desire to form a bank and engage in the business of establishing, maintaining and operating banks of discount and deposit, savings, time and demand deposits, or in the business of establishing, maintaining and operating offices of loan and deposits, or to operate a bank doing a trust and fiduciary business, must organize as a banking corporation or company in the manner provided in chapters 657 to 671, inclusive, of NRS.

2. An existing corporation, including, but not limited to, a corporation licensed to engage in business pursuant to chapter 677 of NRS , or a limited-liability company that desires to form a bank and engage in the activities described in subsection 1 must: (a) Dissolve and reorganize as a banking corporation or company in the manner provided in chapters 657 to 671, inclusive, of NRS; or (b) Amend its articles of incorporation or organization in such a manner that it is organized as a banking corporation or company in the manner provided in chapters 657 to 671, inclusive, of NRS.
Nev. Rev. Stat. § 669A.235 — NV Code / Title 55 / Chapter 669A / Section 669A.235
Nonjudicial settlement agreements: Notice to necessary parties; objections; actions alleging fraud, bad faith or willful violation of terms of trust; limitation of liability
Status: in_force

1. A family trust company or licensed family trust company shall provide written notice by personal service or by certified mail to each interested person who is a necessary party to a nonjudicial settlement agreement entered into pursuant to NRS 669A.233 . A family trust company or licensed family trust company is not required to provide notice to any interested person who has consented in writing to the nonjudicial settlement agreement.

2. The notice provided pursuant to this section must: (a) Be provided at least 15 days before the execution of the nonjudicial settlement agreement; (b) Include a true and correct copy of the nonjudicial settlement agreement; (c) State that the notice is provided pursuant to this section and NRS 669A.233 ; (d) State the name and mailing address of the family trust company or licensed family trust company; (e) State the date by which an objection to the nonjudicial settlement agreement must be made; and (f) State the date on which the nonjudicial settlement agreement is to be executed.

3. An interested person who receives notice pursuant to this section may object to any term or condition of, or any act that is authorized by, the nonjudicial settlement agreement by submitting his or her objection in writing to the family trust company or licensed family trust company within 1 year after the date on which the interested person received the notice. Except as otherwise provided in subsection 5, if an interested person does not object within 1 year after receiving notice, his or her objection is waived, and the interested person may not bring any action relating to the terms and conditions of, or any act taken pursuant to, the nonjudicial settlement agreement.

4. An interested person who objects within the period specified in subsection 3 may petition the court for an order to approve, disapprove, enforce or modify the nonjudicial settlement agreement. The burden is on the interested person to prove that the nonjudicial settlement agreement should be approved, disapproved, enforced or modified.

5. The provisions of subsection 3 do not prohibit an interested person who has received notice pursuant to this section and who fails to object to the nonjudicial settlement agreement within 1 year after receiving the notice from bringing an action alleging that the nonjudicial settlement agreement was procured fraudulently, or entered into by the family trust company or licensed family trust company in bad faith or in willful violation of the terms of the trust. A person who brings such an action has the burden of proving by clear and convincing evidence that the nonjudicial settlement agreement was procured fraudulently, in bad faith or in willful violation of the terms of the trust.

6. Except as otherwise provided in subsection 5, if no interested person who is entitled to receive notice pursuant to this section objects to the nonjudicial settlement agreement within 1 year after receiving the notice, a family trust company or licensed family trust company is not liable to any interested person for taking any action that is authorized by the nonjudicial settlement agreement.
Nev. Rev. Stat. § 673.5916 — NV Code / Title 55 / Chapter 673 / Section 673.5916
Loans to closed savings banks by Federal Deposit Insurance Corporation; sale of assets of savings banks to Federal Deposit Insurance Corporation
Status: in_force

1. Any savings bank which is, or may hereafter be, closed on account of inability to meet the demands of its depositors, by action of the Commissioner, by action of a court, by action of its directors or due to its insolvency or suspension, the Commissioner, or the receiver or liquidator of the savings bank with the permission of the Commissioner, may borrow from the Federal Deposit Insurance Corporation and furnish any part or all of the assets of the savings bank to the Federal Deposit Insurance Corporation as security for a loan from it, but where the Federal Deposit Insurance Corporation is acting as the receiver or liquidator, the order of a court of record of competent jurisdiction must be first obtained approving the loan.

2. The Commissioner, or the receiver or liquidator of any savings bank with the permission of the Commissioner, upon the order of a court of record of competent jurisdiction, may sell to the Federal Deposit Insurance Corporation any part or all of the assets of the savings bank.

3. The provisions of this section do not limit the power of any savings bank, the Commissioner, receivers or liquidators to pledge or sell assets in accordance with any other existing law.
Nev. Rev. Stat. § 671.017 — NV Code / Title 55 / Chapter 671 / Section 671.017
“Privately insured depository financial institution” defined
Status: in_force

“ Privately insured depository financial institution ” means a credit union, thrift company or industrial loan company organized and regulated under the laws of this State, when such a credit union, thrift company or industrial loan company has deposits which are insured by a private insurer approved by the Commissioner and the Commissioner of Insurance.
Nev. Rev. Stat. § 672.3455 — NV Code / Title 55 / Chapter 672 / Section 672.3455
Application for certificate of authority to open branch offices
Status: in_force

A foreign credit union which has been issued a certificate of authority may apply to the Commissioner for a certificate of authority to open one or more branch offices in this state. Such an application must be made on a form prescribed by the Commissioner.
Nev. Rev. Stat. § 672.340 — NV Code / Title 55 / Chapter 672 / Section 672.340
Fiscal year
Status: in_force

The fiscal year of all credit unions organized under this chapter shall end on the last day of December.
Nev. Rev. Stat. § 673.480 — NV Code / Title 55 / Chapter 673 / Section 673.480
Authority of Commissioner to make information available to other officers and agencies; documents, reports and information remain property of Division of Financial Institutions or Commissioner; disclosures by savings bank
Status: in_force

1. Before disclosing or furnishing any document, report or information under this section, the Commissioner must determine that such document, report or information will receive protection from further disclosure comparable to the protections provided by this chapter.

2. The Commissioner, his or her agents and employees may furnish all or any part of an examination report, work paper, supervisory agreement or directive, order or other information obtained in the conduct of a hearing, investigation or examination under the provisions of this chapter to: (a) An agency of the Federal Government or of another state empowered to examine or supervise a savings bank, a bank holding company or savings and loan holding company owning a savings bank, or a subsidiary of such holding company; (b) An official empowered to investigate criminal charges subject to legal process, valid search warrant or subpoena, provided that the Commissioner may only furnish that part of any document or report which is necessary and pertinent to the investigation, and the Commissioner may do this only after notifying the affected savings bank and any customer of the savings bank who is named in such part of the document or report ordered to be furnished unless the official requesting the document or report first obtains a waiver of the notice requirement from a court of competent jurisdiction for good cause; (c) The examined savings bank or holding company thereof; (d) A receiver or liquidator appointed pursuant to this chapter; or (e) The court in a proceeding initiated by the Commissioner concerning the savings bank if the Commissioner first provides such notice to the savings bank as will afford the savings bank an opportunity to object or to seek a protective order.

3. Except as otherwise provided in subsections 4 and 5, all documents, reports and information furnished by the Commissioner pursuant to this section remain the property of the Division of Financial Institutions, and no person, agency or authority to whom such documents, reports or information are made available, or any officer, director or employee thereof, may disclose any of the documents, reports or information contained therein, except in published statistical material that does not disclose the affairs of any natural person or corporation.

4. An examination report made by the Division of Financial Institutions is designed for use in the supervision of a savings bank. The report shall remain the property of the Commissioner and will be furnished to the savings bank solely for its confidential use. The savings bank may disclose the report or relevant portions thereof to any of its directors, officers, employees, agents or affiliates as necessary and appropriate in the conduct of its affairs. Under no circumstances may the savings bank or any of its directors, officers, employees, agents or affiliates disclose or make public in any manner the report or any portion thereof to any person or organization not connected with the savings bank as officer, director, employee, attorney, auditor or candidate for executive office with the savings bank or its holding company. The savings bank may also, after execution of an agreement not to disclose information in the report, disclose the report or relevant portions thereof to a party proposing to acquire or merge with the savings bank.

5. Except for an examination report as provided in subsection 4, a savings bank may disclose any document, report or information provided by the savings bank to the Commissioner and any document, report or information received by the savings bank from the Commissioner to any of its directors, officers, employees, agents or affiliates as necessary and appropriate in the conduct of its affairs.

6. A savings bank, a bank holding company or a savings and loan holding company owning a savings bank, or a subsidiary of such a holding company, does not violate this section by complying with a duty to report to the Securities and Exchange Commission, including, without limitation, by disclosing any order of the Commissioner pursuant to such a duty.
Nev. Rev. Stat. § 677.840 — NV Code / Title 55 / Chapter 677 / Section 677.840
Deposit of company's money on condition of loan or advance
Status: in_force

Any director, officer or employee of any licensee who makes or maintains, or attempts to make or maintain, a deposit of such company's funds with any other person on condition, or with the understanding, express or implied, that the person receiving such deposit make a loan or advance, directly or indirectly, to any director, officer or employee of the licensee so making or maintaining or attempting to make or maintain such deposit, is guilty of a misdemeanor.
Nev. Rev. Stat. § 659.125 — NV Code / Title 55 / Chapter 659 / Section 659.125
Unlawful use of words “bank,” “banking” or “banker” in name; exceptions; penalty
Status: in_force

1. A business entity may not be organized under the laws of this State with the words “bank” or “banking” as part of its name except corporations or limited-liability companies subject to regulation pursuant to chapters 657 to 668, inclusive, 673 or 677 of NRS, or corporations under the regulation of the Commissioner of Insurance. A corporate or company name must not be amended to include the words “bank” or “banking” unless the corporation or company is under such regulation.

2. Except as otherwise provided in subsection 3, a natural person, association, firm or corporation domiciled within this State, except a national bank or a banking corporation subject to regulation pursuant to chapters 657 to 668, inclusive, 673 or 677 of NRS, or under the regulation of the Commissioner of Insurance, may not advertise or put forth any sign as bank, banking or banker or use the word “bank,” “banking” or “banker” as part of its name and title.

3. A thrift company subject to the provisions of chapter 677 of NRS may use the words “savings bank” as part of its name if its deposits are federally insured.

4. Any person who violates any of the provisions of this section shall be fined not more than $500 for each offense.
Nev. Rev. Stat. § 672.295 — NV Code / Title 55 / Chapter 672 / Section 672.295
Applicability of provisions concerning Regulatory Experimentation Program for Product Innovation
Status: in_force

Except as otherwise required by the Director of the Department of Business and Industry pursuant to NRS 657A.430 or 657A.620 , the provisions of this chapter do not apply to a participant in the Regulatory Experimentation Program for Product Innovation established and administered pursuant to chapter 657A of NRS .
Nev. Rev. Stat. § 662.015 — NV Code / Title 55 / Chapter 662 / Section 662.015
General powers of banks; power of Commissioner to waive or modify requirements of law
Status: in_force

1. In addition to the powers conferred by law upon private corporations and limited-liability companies, a bank may: (a) Exercise by its board of directors, managers or authorized officers and agents, subject to law, all powers necessary to carry on the business of banking by: (1) Discounting and negotiating promissory notes, drafts, bills of exchange and other evidences of indebtedness; (2) Receiving deposits; (3) Buying and selling exchange, coin and bullion; and (4) Loaning money on personal security or real and personal property. At the time of making loans, banks may take and receive interest or discounts in advance. (b) Adopt regulations for its own government not inconsistent with the Constitution and laws of this State. (c) Issue, advise and confirm letters of credit authorizing the beneficiaries to draw upon the bank or its correspondents. (d) Receive money for transmission. (e) Establish and become a member of a clearinghouse association and pledge assets required for its qualification. (f) Exercise any authority and perform all acts that a national bank may exercise or perform, including, without limitation, engaging in a derivative transaction, with the consent and written approval of the Commissioner. The Commissioner may, by regulation, waive or modify a requirement of Nevada law if the corresponding requirement for national banks is eliminated or modified. (g) Provide for the performance of the services of a bank service corporation, such as data processing and bookkeeping, subject to any regulations adopted by the Commissioner. (h) Unless otherwise specifically prohibited by federal law, sell annuities if licensed by the Commissioner of Insurance.

2. A bank may purchase, hold and convey real property: (a) As is necessary for the convenient transaction of its business, including furniture and fixtures, with its banking offices and for future site expansion. This investment must not exceed, except as otherwise provided in this section, 60 percent of its stockholders' or members' equity, plus subordinated capital notes and debentures. The Commissioner may authorize any bank located in a city whose population is 15,000 or more to invest more than 60 percent of its stockholders' or members' equity, plus subordinated capital notes and debentures, in its banking offices, furniture and fixtures. (b) As is mortgaged to it in good faith by way of security for loans made or money due to the bank. (c) As is permitted by NRS 662.103 .

3. This section does not prohibit any bank from holding, developing or disposing of any real property it may acquire through the collection of debts due it. Except as otherwise provided in subsection 4, real property acquired through the collection of debts due it may not be held for longer than 5 years. It must be sold at private or public sale within 30 days thereafter.

4. A bank may request and the Commissioner may grant an extension of the period described in subsection 3 of not more than 5 years. The Commissioner shall not grant a bank more than one extension of the period prescribed in subsection 3 for any real property held by the bank.
Nev. Rev. Stat. § 659.035 — NV Code / Title 55 / Chapter 659 / Section 659.035
Delivery of articles of incorporation or organization for filing; delivery of certificate of amendment of articles by existing corporation or limited-liability company for filing; restriction on filing
Status: in_force

1. If the proposed bank is not an existing corporation or limited-liability company, the articles of incorporation or organization for the proposed bank must be delivered to the Secretary of State for filing.

2. If the proposed bank is an existing corporation or limited-liability company, a certificate of amendment of the articles of incorporation or organization must be delivered to the Secretary of State for filing.

3. The Secretary of State shall forthwith transmit to the Commissioner a copy of the articles or certificate of amendment and shall not file the articles or certificate of amendment until authorized to do so by the Commissioner.
Nev. Rev. Stat. § 675.170 — NV Code / Title 55 / Chapter 675 / Section 675.170
Regulations and orders of Commissioner
Status: in_force

1. The Commissioner: (a) May adopt regulations and make orders for the administration and enforcement of this chapter, in addition hereto and not inconsistent herewith. (b) Shall adopt regulations to administer, carry out and enforce the provisions of NRS 675.3693 , 675.3695 and 675.3697 .

2. Every regulation must be promulgated by an order, and any ruling, demand, requirement or similar administrative act may be promulgated by an order.

3. Every order must be in writing, must state its effective date and the date of its promulgation, and must be entered in an indexed permanent book which is a public record.

4. A copy of every order promulgating a regulation and of every other order containing a requirement of general application must be mailed to each licensee at least 20 days before the effective date thereof.
Nev. Rev. Stat. § 672.771 — NV Code / Title 55 / Chapter 672 / Section 672.771
“Exploitation” defined
Status: in_force

“ Exploitation ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 669.260 — NV Code / Title 55 / Chapter 669 / Section 669.260
Applicability of other provisions of certain chapters
Status: in_force

In addition to other provisions of chapters 657 to 671, inclusive, of NRS which are applicable to chapters 657 to 671, inclusive, of NRS as a whole or specifically made applicable to trust companies, the Commissioner may by regulation make applicable to trust companies any regulatory provision contained in chapters 657 to 667, inclusive, of NRS which can be reasonably applied and which are not inconsistent with the provisions of this chapter.
Nev. Rev. Stat. § 675.3695 — NV Code / Title 55 / Chapter 675 / Section 675.3695
Information required to be provided by licensee
Status: in_force

1. Before making a loan under this chapter that constitutes consumer credit to a covered service member or a dependent of a covered service member, a licensee shall provide the following information to the covered service member or the dependent of a covered service member, as applicable, both orally and in writing: (a) A statement of the annual percentage rate applicable to the loan; (b) Any disclosures required by the provisions of the Truth in Lending Act and any regulations adopted pursuant thereto; and (c) A clear description of the payment obligations of the covered service member or dependent, as applicable.

2. A licensee shall present the disclosures required by subsection 1 in accordance with the provisions of Regulation Z.

3. As used in this section: (a) “Regulation Z” has the meaning ascribed to it in NRS 604A.090 . (b) “Truth in Lending Act” has the meaning ascribed to it in NRS 604A.120 .
Nev. Rev. Stat. § 667.145 — NV Code / Title 55 / Chapter 667 / Section 667.145
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 shall be vested with and shall exercise all the powers conferred upon the trustee named in the instrument.
Nev. Rev. Stat. § 670B.290 — NV Code / Title 55 / Chapter 670B / Section 670B.290
Additional materials required to be submitted to Nationwide Multistate Licensing System and Registry
Status: in_force

Except as otherwise provided in NRS 670B.240 , in addition to any other requirements set forth by specific statute, each applicant for the issuance of a license, each control person of the applicant and any other person the Commissioner may require in accordance with guidelines of the Registry or other multistate agreements shall submit to the Registry:

1. A complete set of fingerprints for submission to the Federal Bureau of Investigation and any other governmental agency or entity authorized to receive such information for a state, national and international background check on the criminal history of the person;

2. Information concerning the personal history, financial history and experience of the person in a form prescribed by the Registry, including, without limitation, an authorization of the person for the Registry and the Commissioner to obtain: (a) An independent credit report and credit score from a consumer reporting agency described in section 603(f) of the Fair Credit Reporting Act, 15 U.S.C. § 1681a(f) , for the purpose of evaluating the financial responsibility of the person at the time of the submission of the application; and (b) Additional independent credit reports and credit scores to confirm that the applicant continues to comply with any applicable requirements concerning financial responsibility;

3. Information related to any administrative, civil or criminal findings made by any governmental jurisdiction concerning the person; and

4. Any other information concerning the person that the Registry or Commissioner may require.
Nev. Rev. Stat. § 677.580 — NV Code / Title 55 / Chapter 677 / Section 677.580
Use of holding company or other device for evading or avoiding chapter prohibited; right to issue preferred stock or debentures not affected
Status: in_force

A holding company or any other device may not be used for the purpose of evading or avoiding any of the provisions of this chapter. This section does not affect the right of a company to issue preferred stock or debentures when permitted to do so under the laws of this state.
Nev. Rev. Stat. § 658.125 — NV Code / Title 55 / Chapter 658 / Section 658.125
Appeals to State Board of Finance
Status: in_force

Any bank aggrieved by any decision or order issued by the Commissioner or any member of the Commissioner’s staff must appeal to the State Board of Finance if a review of the decision or order is desired. The appeal must be made within 15 days after the decision or order is issued.
Nev. Rev. Stat. § 670B.460 — NV Code / Title 55 / Chapter 670B / Section 670B.460
Maintenance and accessibility of records; retention of loan file
Status: in_force

A private education lender shall:

1. Establish and maintain records and permit the Division of Financial Institutions to access and copy any records required to be maintained pursuant to the provisions of this chapter; and

2. Retain a loan file, including, without limitation, any record specified for retention by regulations adopted by the Commissioner, for not less than 6 years after the termination of the private education loan account.
Nev. Rev. Stat. § 669A.257 — NV Code / Title 55 / Chapter 669A / Section 669A.257
Privileged communications; applicability of attorney-client relationship
Status: in_force

1. Any communication between an attorney and a family trust company or licensed family trust company acting as a fiduciary is privileged and protected from disclosure to the same extent as if the client were acting in his or her individual capacity.

2. The privilege is not waived by: (a) A fiduciary relationship between the family trust company or licensed family trust company and a beneficiary of a trust; or (b) The use of trust property to compensate the attorney for legal services rendered to the family trust company or licensed family trust company as a fiduciary.

3. The attorney-client relationship between an attorney and a family trust company or licensed family trust company acting as a fiduciary shall not extend to a successor fiduciary to the family trust company or licensed family trust company.

4. A family trust company or licensed family trust company acting as a fiduciary and its successor fiduciary may, pursuant to an agreement, share privileged communications relating to the trust or estate. The disclosure of privileged communications under the agreement does not waive the disclosing party's privilege. Unless otherwise specified in the agreement, privileged communications disclosed under the agreement shall not be disclosed to a third party without the disclosing party's consent.

5. This section does not abridge, limit, impair, create, enlarge or otherwise affect the law governing exceptions to the attorney-client privilege relative to a claimant through the same deceased person.
Nev. Rev. Stat. § 662.295 — NV Code / Title 55 / Chapter 662 / Section 662.295
Emergency closure: Notification of Commissioner or Comptroller of the Currency
Status: in_force

A bank closing an office or offices pursuant to subsection 1 of NRS 662.285 shall give as prompt notice of its action as conditions will permit, by any means available, to the Commissioner, or in the case of a national bank, to the Comptroller of the Currency.
Nev. Rev. Stat. § 672.300 — NV Code / Title 55 / Chapter 672 / Section 672.300
Requirement of incorporation; exceptions; applicability of NRS 81.410 to 81.540, inclusive; perpetual existence
Status: in_force

1. Except for a credit union organized under the Federal Credit Union Act 1 or a foreign credit union which has been issued a certificate of authority by the Commissioner, any credit union whose principal business is to borrow, loan and invest money on behalf of its members and which issues membership certificates must be incorporated under the provisions of this chapter. For that purpose, the provisions of NRS 81.410 to 81.540 , inclusive, which are not in conflict with the provisions of this chapter, apply to such corporations and to the officers and stockholders thereof, except as otherwise provided in NRS 672.342 to 672.347 , inclusive.

2. A credit union organized under the provisions of this chapter has perpetual existence, subject to dissolution as provided in this chapter.

1 12 U.S.C.A. § 1751 et seq.
Nev. Rev. Stat. § 670B.240 — NV Code / Title 55 / Chapter 670B / Section 670B.240
Person conducting student loan servicing pursuant to contract with United States Secretary of Education: Procedures for issuance of license; exemption from certain requirements; requirements upon expiration, revocation or termination of contract; provisions do not prevent Commissioner from taking certain actions
Status: in_force

1. A person seeking to act as a student loan servicer is exempt from the application procedures described in subsections 1 and 2 of NRS 670B.210 and 670B.290 upon a determination by the Commissioner that the person's student loan servicing performed in this State is conducted pursuant to a contract awarded by the United States Secretary of Education pursuant to 20 U.S.C. § 1087f . The Commissioner shall, by regulation, prescribe the procedure for documenting a person's eligibility for this exemption.

2. Upon payment of the license fee and investigation fee and the submission of the surety bond required by NRS 670B.210 , the Commissioner shall: (a) Issue a license to a person determined to be exempt pursuant to this section; and (b) Deem the person to have satisfied all requirements set forth in NRS 670B.210 and 670B.290 .

3. A person issued a license pursuant to this section: (a) Is exempt from the requirements of NRS 670B.220 , 670B.230 and 670B.270 ; and (b) Shall, except to the extent that those requirements are inconsistent with federal law, comply with all other applicable provisions of this chapter, including, without limitation, the record retention requirements set forth in NRS 670B.390 .

4. A person issued a license pursuant to this section shall provide the Commissioner with written notice within 7 days after notification of the expiration, revocation or termination of a contract awarded by the United States Secretary of Education pursuant to 20 U.S.C. § 1087f . The person must satisfy all requirements set forth in NRS 670B.210 and 670B.290 not later than 30 days after submitting such notice to the Commissioner in order to continue to act as a student loan servicer. At the expiration of the 30-day period, if the requirements have not been satisfied, the Commissioner shall immediately suspend a license granted to the person pursuant to this section.

5. With respect to student loan servicing not conducted pursuant to a contract awarded by the United States Secretary of Education pursuant to 20 U.S.C. § 1087f , nothing in this section prevents the Commissioner from issuing or filing a civil action for an order to temporarily or permanently bar a person from acting as a student loan servicer for violating applicable law.
Nev. Rev. Stat. § 675.440 — NV Code / Title 55 / Chapter 675 / Section 675.440
Revocation or suspension of license: Grounds; notice; hearing; order
Status: in_force

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

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

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

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

5. An order suspending or revoking a license becomes effective 5 days after being entered unless the order specifies otherwise or a stay is granted.
Nev. Rev. Stat. § 657.200 — NV Code / Title 55 / Chapter 657 / Section 657.200
Use or change of business name; prohibitions
Status: in_force

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

2. A financial institution shall not: (a) Use any business name which is identical or similar to a business name used by another financial institution or which may mislead or confuse the public. (b) Use any printed forms which may mislead or confuse the public.
Nev. Rev. Stat. § 662.175 — NV Code / Title 55 / Chapter 662 / Section 662.175
Limitations on borrowing money and pledging assets; exceptions; purchase of federal reserve money deemed transfer
Status: in_force

1. Any bank may secure money deposited with a bank by the United States, the State of Nevada or a political subdivision of this state by pledging acceptable assets of the bank as collateral security.

2. Any bank may borrow money for temporary purposes, not to exceed the amount of its stockholders' or members' equity, and may pledge any of its assets as collateral security therefor.

3. With the written consent of the Commissioner, a bank may borrow an amount that is not more than 200 percent in excess of its stockholders' or members' equity, and pledge assets of the bank as collateral security for the amount borrowed. Any indebtedness contracted in excess of the amount limited in this subsection is void in its entirety.

4. A bank may borrow money from the Federal Home Loan Bank. Money borrowed pursuant to this subsection shall not be deemed borrowed money for the purposes of the limitations prescribed in subsections 2 and 3. A bank may pledge any of its assets as collateral security for money borrowed pursuant to this subsection.

5. The purchase of federal reserve money by a bank from another bank shall be deemed a transfer from a seller's account in a Federal Reserve Bank to the buyer's account in that bank, and the transfer shall be considered a purchase and sale of federal reserve money. Such a transfer does not create an obligation on the part of the buyer subject to NRS 662.145 , or a borrowing subject to the limitations of this section, but shall be considered a purchase and sale of federal reserve money.
Nev. Rev. Stat. § 675.470 — NV Code / Title 55 / Chapter 675 / Section 675.470
Unlicensed dealing in loans
Status: in_force

Any person and the several members, officers, directors, agents and employees thereof who violate or participate in the violation of any provision of NRS 675.060 are guilty of a misdemeanor.
Nev. Rev. Stat. § 675.055 — NV Code / Title 55 / Chapter 675 / Section 675.055
Exemption from provisions governing making of loans: Application to Commissioner; grounds; powers and duties of Commissioner; regulations; fees set by regulation
Status: in_force

1. A person may apply to the Commissioner for an exemption from the provisions of this chapter governing the making of a loan of money.

2. The Commissioner may grant the exemption if he or she finds that: (a) The making of the loan would not be detrimental to the financial condition of the lender, borrower or person who is providing the money for the loan; (b) The lender, borrower or person who is providing the money for the loan has established a record of sound performance, efficient management, financial responsibility and integrity; (c) The making of the loan is likely to increase the availability of capital for a sector of the state economy; and (d) The making of the loan is not detrimental to the public interest.

3. The Commissioner: (a) May revoke an exemption unless the loan for which the exemption was granted has been made; (b) Shall issue a written statement setting forth the reasons for his or her decision to grant, deny or revoke an exemption; and (c) Shall adopt regulations which provide the application forms to be used to apply for an exemption and the fees to be paid along with the application.
Nev. Rev. Stat. § 675.369 — NV Code / Title 55 / Chapter 675 / Section 675.369
Written statement to borrower; copy of draft or order for payment
Status: in_force

1. If the account of a borrower on a loan for an indefinite term shows a balance due or if any debits or credits were entered on that account during a billing cycle, the licensee shall furnish to the borrower, within a reasonable time after the end of the billing cycle, a written statement setting forth: (a) The unpaid balance in his or her account at the beginning of the billing cycle; (b) The date and amount of any loans or advances made on the account during the billing cycle; (c) Any payments or other credits made or received on the account during the billing cycle; (d) The amount of interest and other charges, if any, made on the account during the billing cycle; (e) The amount of the installment due and the date on which that payment must be received; and (f) The total amount remaining unpaid in the account at the end of that billing cycle.

2. The licensee shall also, upon written request of the borrower, furnish to the borrower a copy of any draft or order for payment received on the account of the borrower during the billing cycle.
Nev. Rev. Stat. § 670B.120 — NV Code / Title 55 / Chapter 670B / Section 670B.120
“Student loan servicer” defined
Status: in_force

“ Student loan servicer ” means any person, wherever located, responsible for the servicing of any student education loan to any student loan borrower. The term includes a licensee and a person who engages in student loan servicing without a license pursuant to subsection 2 of NRS 670B.200 . The term does not include the Nevada System of Higher Education or the Western Interstate Commission for Higher Education.
Nev. Rev. Stat. § 676A.770 — NV Code / Title 55 / Chapter 676A / Section 676A.770
Violation constitutes deceptive trade practice
Status: in_force

1. A violation of a provision of this chapter constitutes a deceptive trade practice for the purposes of NRS 598.0903 to 598.0999 , inclusive.

2. If an act or practice of a provider violates both a provision of this chapter and a provision of chapter 598 of NRS , an individual may not recover under both for the same act or practice.
Nev. Rev. Stat. § 657A.330 — NV Code / Title 55 / Chapter 657A / Section 657A.330
Required disclosures
Status: in_force

1. Before providing any financial product or service to a consumer, a participant shall disclose to the consumer: (a) The name and contact information of the participant; (b) The registration number applicable to the product or service, as issued by the Director pursuant to NRS 657A.430 ; (c) The fact that the product or service is generally exempt from any provisions of this title, chapter 645A, 645B, 645F or 645G of NRS or any regulation adopted pursuant thereto, except as otherwise required by the Director pursuant to NRS 657A.430 or 657A.620 ; (d) If applicable, the fact that the participant is not the holder of a license or other authorization in this State to provide any product or service outside the scope of the Program; (e) The fact that the participant has been approved to provide the product or service pursuant to this chapter, but that the product or service is not endorsed or recommended by the Director or any governmental agency; (f) The fact that the product or service is provided as part of a test and may be discontinued at or before the end of the test, with the date on which the test is expected to end; and (g) The fact that the consumer may submit a complaint to the Director relating to the product or service, with the telephone number and Internet address of the Internet website maintained by the Director pursuant to NRS 657A.600 .

2. The Director may condition approval of an application to participate in the Program on, or require at any time thereafter, the disclosure by a participant of information relating to a product or service in addition to the disclosures required by subsection 1. The Director shall give written notice to the participant of any additional disclosures required pursuant to this subsection.

3. The disclosures required by subsections 1 and 2, as applicable, must be clear and conspicuous and must be provided in English and Spanish. If a product or service is provided through an Internet website or mobile application, the consumer must acknowledge receipt of the disclosures before the completion of any transaction.
Nev. Rev. Stat. § 669.050 — NV Code / Title 55 / Chapter 669 / Section 669.050
“Private trust” defined
Status: in_force

“Private trust” means a fiduciary relationship other than a court trust.
Nev. Rev. Stat. § 673.017 — NV Code / Title 55 / Chapter 673 / Section 673.017
“Investment certificate” defined
Status: in_force

1. “ Investment certificate ” means any certificate or contract, either paid up or purchasable on an installment basis, which is issued for the purpose of providing a means of investment or savings.

2. An accumulative investment certificate is an investment certificate, not full-paid and without an expressed date of maturity, upon which the holder has the option of making payments at such times and in such amounts as the holder elects and as the savings bank permits.

3. A full-paid investment certificate is an investment certificate, with or without an expressed date of maturity, for which the savings bank has received the principal amount thereof at or prior to the time of the issuance of the certificate.

4. A minimum term investment certificate is an investment certificate for which the savings bank has received a single payment equal to the principal amount thereof and which has a date expressed therein before which notice of intention to withdraw cannot be given, or which requires written notice from the holder to the savings bank for a period specified therein before the expiration of which period notice of intention to withdraw cannot be given. On and after such date, or upon and after the expiration of the specified period following such written notice, each such certificate ceases to be a minimum term investment certificate and becomes a full-paid investment certificate, subject to the same withdrawal rights and restrictions as a full-paid investment certificate.
Nev. Rev. Stat. § 671.135 — NV Code / Title 55 / Chapter 671 / Section 671.135
Permissible investments: Types; limitations
Status: in_force

1. The following are permissible investments for the purposes of NRS 671.125 : (a) Cash, including demand deposits, savings deposits and money in accounts held for the benefit of the customers of the licensee in a federally insured depository financial institution or privately insured depository financial institution; (b) Cash equivalents, including, without limitation, automated clearinghouse items in transit to the licensee and automated clearinghouse items or international wires in transit to a payee, cash in transit by means of an armored car, cash in smart safes, cash in locations owned by the licensee, transmission receivables which are funded by a debit card or credit card and owed by any bank or money market mutual funds rated “AAA” by Standard and Poor's Rating Services or the equivalent from any eligible rating service; (c) Certificates of deposit or senior debt obligation of an insured depository institution, as defined in 12 U.S.C. § 1813 , as amended, insured credit union, as defined in 12 U.S.C. § 1752 , as amended, or privately insured financial depository institution; (d) An obligation of the United States or a commission, agency or instrumentality thereof; (e) An obligation that is guaranteed fully as to principal and interest by the United States; (f) An obligation of a state or a governmental subdivision, agency or instrumentality thereof; (g) The full drawable amount of an irrevocable standby letter of credit for which the stated beneficiary is the Division of Financial Institutions and which: (1) Stipulates that the beneficiary need only draw a sight draft under the letter of credit and present it to obtain money up to the letter of credit amount within 7 days of presentation of the items required by NRS 671.145 ; and (2) Satisfies the requirements set forth in NRS 671.145 ; and (h) One hundred percent of the surety bond or deposit provided pursuant to NRS 671.100 or 671.110 that exceeds the average daily money transmission liability in this State.

2. Except as otherwise provided in subsection 3, the following investments are permissible investments subject to the limitations set forth in this subsection: (a) Receivables that are payable to a licensee from the authorized delegates of the licensee in the ordinary course of business that are less than 7 days old, except that: (1) The total value of all such receivables may not exceed 50 percent of the aggregate value of the total permissible investments of the licensee; and (2) The value of such receivables that are payable to a licensee from a single authorized delegate may not exceed 10 percent of the aggregate value of the total permissible investments of a licensee; (b) Any of the following investments: (1) A short-term investment of 6 months or less bearing an eligible rating; (2) Commercial paper bearing an eligible rating; (3) A bill, note, bond or debenture bearing an eligible rating; (4) United States tri-party repurchase agreements collateralized at 100 percent or more with securities of the United States or an agency of the United States, municipal bonds or other securities bearing an eligible rating; (5) Money market mutual funds rated “A-” or higher but less than “AAA” by Standard and Poor's Rating Services or the equivalent from any other eligible rating service; and (6) A mutual fund or other investment fund composed solely and exclusively of one or more investments specified in paragraphs (a) to (f), inclusive, of subsection 1, except that the value of any single investment specified in subparagraphs (1) to (6), inclusive, may not exceed 20 percent of the aggregate value of the total permissible investments of the licensee and the total value of all such investments may not exceed 50 percent of the total permissible investments of the licensee; and (c) Cash, including, without limitation, demand deposits, savings deposits and funds in such accounts held for the benefit of the customers of the licensee, at a foreign depository institution if the licensee has received a satisfactory rating on the most recent examination conducted on the licensee and the foreign depository institution: (1) Has an eligible rating; (2) Has registered with the Internal Revenue Service and obtained a global intermediary identification number in accordance with 26 C.F.R. §§ 1.1471-0 et seq. ; (3) Is not located in any country subject to sanctions from the Office of Foreign Assets Control of the United States Department of the Treasury; and (4) Is not located in a jurisdiction that is listed on the list of high-risk jurisdictions subject to a call for action or jurisdictions under increased monitoring maintained by the Financial Action Task Force, except that the total amount of such cash may not exceed 10 percent of the aggregate value of the total permissible investments of the licensee.

3. The Commissioner may allow any investment specified in subsection 2 to exceed the limits prescribed in that subsection.
Nev. Rev. Stat. § 666A.270 — NV Code / Title 55 / Chapter 666A / Section 666A.270
State representative office: Authorized activities; approval of additional activities
Status: in_force

1. A foreign bank which is licensed to establish and maintain a state representative office may, subject to such regulations as the Commissioner may prescribe: (a) Solicit loans and in connection therewith assemble information concerning credit, inspect and appraise property, secure information on titles, prepare applications for loans and make recommendations with respect to action thereon, solicit investors to purchase loans from the foreign bank and search for investors to contract with the foreign bank for servicing of loans; (b) Solicit new business; (c) Conduct research; and (d) Perform administrative functions. Any other activity, except as provided in subsection 2, which the foreign bank seeks to conduct at the office is subject to the prior written approval of the Commissioner.

2. A state representative office may approve credit if the foreign bank: (a) Gives 45 days' prior written notice to the Commissioner; and (b) The Commissioner does not object within the 45-day period to that activity by the state representative office.
Nev. Rev. Stat. § 670B.080 — NV Code / Title 55 / Chapter 670B / Section 670B.080
“Private education loan” defined
Status: in_force

1. “ Private education loan ” means an extension of credit that is: (a) Extended to a consumer expressly, in whole or in part, for postsecondary educational expenses, regardless of whether the loan is provided by the educational institution that the student attends; and (b) Not made, insured or guaranteed under Title IV of the Higher Education Act of 1965, 20 U.S.C. §§ 1070 et seq.

2. The term does not include an: (a) Open-end credit or any loan that is secured by real property or a dwelling; or (b) Extension of credit in which the covered educational institution is the creditor if: (1) The term of the extension of credit is 90 days or less; or (2) An interest rate is not applied to the credit balance and the term of the extension of credit is 1 year or less, even if the credit is payable in more than four installments.
Nev. Rev. Stat. § 677.230 — NV Code / Title 55 / Chapter 677 / Section 677.230
Reserves
Status: in_force

1. Except as otherwise provided in subsection 2, the Commissioner may establish the basis upon which reasonable and adequate reserves must be created and maintained, which must be no less than 3 percent of the deposits, in: (a) Cash and due from federally insured financial institutions in this state, financial institutions insured by a private insurer approved pursuant to NRS 672.755 , or any Federal Reserve Bank; (b) United States treasury bills or notes; (c) Short-term obligations of the federal or state government; or (d) Money deposited in federally insured financial institutions in this state, financial institutions insured by a private insurer approved pursuant to NRS 672.755 , or any Federal Reserve Bank. For the purposes of this subsection, “short-term” means having a maturity of 2 years or less.

2. The Commissioner shall require a licensee who is insured by the Federal Deposit Insurance Corporation to comply with the reserve requirements established by that insurer.
Nev. Rev. Stat. § 677.110 — NV Code / Title 55 / Chapter 677 / Section 677.110
“Licensee” defined
Status: in_force

“Licensee” means a person to whom one or more licenses have been issued.
Nev. Rev. Stat. § 673.2211 — NV Code / Title 55 / Chapter 673 / Section 673.2211
Liability of directors, officers or other persons
Status: in_force

Any savings bank director, officer or other person who knowingly and willingly participates in any violation of the laws of this state relative to savings banks is liable for all damage which the savings bank, its stockholders, savings depositors or creditors sustain in consequence of such violation.
Nev. Rev. Stat. § 677.703 — NV Code / Title 55 / Chapter 677 / Section 677.703
Training; reporting to designated reporter
Status: in_force

1. Each licensee shall provide training concerning the identification and reporting of the suspected exploitation of an older person or vulnerable person to each officer and employee of the licensee who: (a) May, as part of his or her regular duties for the licensee, 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 officer or employee is employed by the licensee.

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 officer or 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. § 670B.720 — NV Code / Title 55 / Chapter 670B / Section 670B.720
Violations of chapter may be violation of Nevada Equal Credit Opportunity Law; treble damages required in civil action against provider of student education loan that filed false information; rights, remedies and penalties are cumulative
Status: in_force

1. A violation of any provision of this chapter may also be a violation of chapter 598B of NRS , the Nevada Equal Credit Opportunity Law.

2. In addition to any other remedies provided by this section or otherwise provided by law, whenever it is proven by a preponderance of the evidence in a civil action that a person or entity that makes a student education loan, including, without limitation, a private education lender, has filed information required pursuant to this chapter that is false, the court shall award treble damages to the student loan borrower, including, without limitation, a private education loan borrower, but in no case may the total award of damages in the action be less than $1,500.

3. The rights, remedies and penalties provided by this chapter are cumulative and do not abrogate and are in addition to any other rights, remedies and penalties that may exist at law or in equity.
Nev. Rev. Stat. § 670B.090 — NV Code / Title 55 / Chapter 670B / Section 670B.090
“Private education loan borrower” defined
Status: in_force

“ Private education loan borrower ” means any resident of this State who has received or agreed to pay a private education loan for the borrower's own educational expenses.
Nev. Rev. Stat. § 675.3693 — NV Code / Title 55 / Chapter 675 / Section 675.3693
Limitation on annual percentage rate
Status: in_force

A licensee who makes a loan under this chapter that constitutes consumer credit to a covered service member or his or her dependent shall not charge the covered service member or dependent an annual percentage rate with respect to the loan except as:

1. Agreed to under the terms of the loan agreement;

2. Authorized by applicable state and federal law; and

3. Not specifically prohibited by NRS 99.050 , 675.3695 and 675.3697 .
Nev. Rev. Stat. § 668.112 — NV Code / Title 55 / Chapter 668 / Section 668.112
Administrative fines
Status: in_force

1. In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $10,000 upon a person who: (a) Without a license, conducts any business or activity for which a license is required pursuant to the provisions of chapters 657 to 668, inclusive, of NRS; or (b) Violates any provision of chapters 657 to 668, inclusive, of NRS or any regulation adopted pursuant thereto.

2. As used in this section, “license” means any license, certificate, registration, permit or similar type of authorization.
Nev. Rev. Stat. § 676A.020 — NV Code / Title 55 / Chapter 676A / Section 676A.020
Definitions
Status: in_force

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 676A.030 to 676A.260 , inclusive, have the meanings ascribed to them in those sections.
Nev. Rev. Stat. § 662.035 — NV Code / Title 55 / Chapter 662 / Section 662.035
Power to maintain separate departments; deposit of money held in fiduciary capacity; regulations
Status: in_force

1. A bank may maintain separate departments and deposit in its commercial department to the credit of its trust department all uninvested fiduciary moneys of cash and secure, under rules and regulations of the Commissioner, all such deposits in the name of the trust department, whether in consolidated deposits or for separate fiduciary accounts, by segregating and delivering to the trust department securities which are eligible for the security of money of the State of Nevada under subsection 1 of NRS 356.020 . Such securities must be held by the trust department as security for the full payment or repayment of all such deposits and must be kept separate and apart from other assets of the trust department. Until all such deposits have been accounted for to the trust department or to the individual fiduciary account, no creditor of the bank has any claim or right to such securities.

2. When fiduciary money is deposited by the trust department in the commercial department of the bank, the deposit thereof does not constitute a use of such money in the general business of the bank and the bank in this instance is not liable for interest on such money.

3. To the extent and in the amount such deposits may be insured by the Federal Deposit Insurance Corporation, the amount of security required for such deposits may be reduced.

4. The Commissioner may make such regulations as the Commissioner deems necessary for the enforcement of the provisions of this section.
Nev. Rev. Stat. § 672.510 — NV Code / Title 55 / Chapter 672 / Section 672.510
Eligibility for membership
Status: in_force

1. The membership of a particular credit union shall be limited to the subscribers to the articles of incorporation and such other persons who have: (a) The common bond set forth in the bylaws; (b) Paid the entrance fee provided in the bylaws; (c) Subscribed for one or more shares and have paid the initial installment thereon; and (d) Complied with other requirements specified in the articles of incorporation or bylaws.

2. The common bond required for membership in credit unions organized under the provisions of this chapter may include, but are not limited to persons who: (a) Have a similar occupation, association or interest; (b) Reside within an identifiable neighborhood, community or rural district; or (c) Are employed by the same employer, and members of the immediate families of such persons.

3. Any member of a credit union who loses the bond that is characteristic of all other members may be permitted to retain his or her membership in the credit union at the discretion of the board of directors.
Nev. Rev. Stat. § 670B.550 — NV Code / Title 55 / Chapter 670B / Section 670B.550
Compliance with applicable federal laws and regulations required; violation of federal law or regulation deemed violation of chapter
Status: in_force

A student loan servicer and private education lender shall comply with all applicable federal laws and regulations relating to student loan servicing or lending, including, without limitation, the Truth in Lending Act, 15 U.S.C. §§ 1601 et seq., and the regulations promulgated thereunder. In addition to any other remedies provided by law, a violation of any such federal law or regulation shall be deemed a violation of this chapter.
Nev. Rev. Stat. § 673.315 — NV Code / Title 55 / Chapter 673 / Section 673.315
Investment in Federal National Mortgage Association, Federal Home Loan Mortgage Corporation and SLM Corporation
Status: in_force

1. Notwithstanding any other provision of law, any savings bank organized under the laws of this State, which has as one of its principal purposes the making or purchasing of loans secured by real property mortgages, is authorized to sell such mortgage loans to the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, a corporation chartered by an Act of Congress, or any successor thereof, and in connection therewith to make payments of any capital contributions, required pursuant to law, in the nature of subscriptions for stock of the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or any successor thereof, to receive stock evidencing such capital contributions, and to hold or dispose of such stock.

2. Any savings bank organized under the laws of this State, which engages in the making or purchasing of federally guaranteed student loans is authorized to sell such student loans to SLM Corporation, or any successor thereof, and in connection therewith to make payments of any capital contributions, required pursuant to law, in the nature of subscriptions for stock of SLM Corporation, or any successor thereof, to receive stock evidencing such capital contributions, and to hold or dispose of such stock.
Nev. Rev. Stat. § 666.145 — NV Code / Title 55 / Chapter 666 / Section 666.145
Order requiring removal of director, officer or employee; petition by person affected; injunction prohibiting participation in affairs of company
Status: in_force

1. If the Commissioner determines that a director, officer or employee of a bank holding company has been negligent, dishonest, reckless or incompetent in connection with his or her duties, the Commissioner may issue a written order requiring the person to be removed from his or her position.

2. The person affected by the order of the Commissioner may petition the district court for the judicial district in which the bank holding company is located to set aside the order. The court may affirm, modify or set aside the order.

3. If a director, officer or employee is not removed in accordance with an order of the Commissioner and the Commissioner has reasonable cause to believe that the continued participation of the person in the affairs of the bank holding company will place it in an unsafe or unsound condition, the Commissioner may apply to the district court for the judicial district in which the bank holding company is located for a temporary restraining order and an injunction prohibiting the person from participating in the affairs of the bank holding company.
Nev. Rev. Stat. § 677.150 — NV Code / Title 55 / Chapter 677 / Section 677.150
Authorization by Commissioner
Status: in_force

If authorized by the Commissioner, as provided in this chapter, a corporation may be formed in accordance with the laws of this state to engage in business under this chapter.
Nev. Rev. Stat. § 662.215 — NV Code / Title 55 / Chapter 662 / Section 662.215
Authorization; deposits; requirements of receipt or passbook; quarterly or annual statements required; issuance of time certificates
Status: in_force

1. Any bank organized under the provisions of chapters 657 to 671, inclusive, of NRS may carry on a savings business as prescribed in chapters 657 to 671, inclusive, of NRS.

2. Any bank conducting a savings business may receive deposits on such terms as are authorized by its board of directors.

3. A receipt or a passbook must be issued to each depositor in a bank for all money deposited on open account.

4. The rules and regulations adopted by the bank governing deposits must be: (a) Included in the receipt or passbook issued pursuant to subsection 3; (b) Printed and conspicuously posted in a place accessible and visible to all persons in the business office of the bank; or (c) Provided directly to the depositor.

5. Payments from the account to the depositor must be made only if the depositor authorizes the payments. Banks issuing savings deposit receipts for accounts other than certificates of deposit or passbook accounts shall, not less often than: (a) Quarterly, for accounts having a balance of $100 or more; or (b) Annually, for accounts having a balance of less than $100, deliver or mail to the depositor a statement, showing the balance on deposit in the account and each deposit made by and each payment made to the depositor during the calendar quarter.

6. Chapters 657 to 671, inclusive, of NRS do not prohibit a bank from issuing time certificates of deposit.
Nev. Rev. Stat. § 673.040 — NV Code / Title 55 / Chapter 673 / Section 673.040
Commissioner to supervise and make policy
Status: in_force

The Commissioner shall supervise and make all policy with regard to all foreign and domestic savings banks, companies and corporations governed by this chapter and doing business in this state.
Nev. Rev. Stat. § 672.700 — NV Code / Title 55 / Chapter 672 / Section 672.700
Dividends
Status: in_force

1. The board may, after provision for the required reserves, declare a dividend to be paid from the remaining net earnings at a rate, interval and upon such shares as they determine. Dividends shall be paid on all paid-up shares outstanding at the close of the period for which the dividend is declared.

2. Shares which become fully paid-up during such dividend period and are outstanding at the close of the period are entitled to a proportional part of such dividend.

3. Dividend credit for a month may be accrued on shares which are or become fully paid up during that month.
Nev. Rev. Stat. § 657.270 — NV Code / Title 55 / Chapter 657 / Section 657.270
“Vulnerable person” defined
Status: in_force

“ Vulnerable person ” has the meaning ascribed to it in NRS 200.5092 .
Nev. Rev. Stat. § 672.860 — NV Code / Title 55 / Chapter 672 / Section 672.860
Membership
Status: in_force

The membership for a central credit union may consist of:

1. Credit unions;

2. The Nevada Credit Union League, Inc.; and

3. Organizations affiliated with the Nevada Credit Union League, Inc.
Nev. Rev. Stat. § 665.115 — NV Code / Title 55 / Chapter 665 / Section 665.115
Penalties for failure to make reports; collection of penalties by civil actions; disposition of money collected
Status: in_force

1. Every bank which fails to make and transmit or to publish any report required under chapters 657 to 671, inclusive, of NRS is subject to a penalty of $50 for each day after the period mentioned in NRS 665.105 that it delays to make and transmit its report or proof of publication.

2. Whenever any bank delays or refuses to pay the penalty imposed in this section for a failure to make and transmit or to publish a report, the Commissioner may maintain an action, in the name of the State, against the delinquent bank for the recovery of such penalty. All sums collected by such action must be paid into the State Permanent School Fund.
Nev. Rev. Stat. § 677.590 — NV Code / Title 55 / Chapter 677 / Section 677.590
Issuance of thrift certificates prohibited; exception
Status: in_force

1. Except as otherwise provided in subsection 2, this chapter does not permit a licensee to issue thrift certificates.

2. A licensee who maintains a branch office located outside this state may issue thrift certificates and any other securities that are permitted to be issued by a licensee pursuant to the laws of the state in which the branch office is located.
Nev. Rev. Stat. § 677.490 — NV Code / Title 55 / Chapter 677 / Section 677.490
Surrender of license by licensee; surrender as affecting licensee's liability
Status: in_force

Any licensee may surrender any license by delivering it to the Commissioner with written notice of its surrender, but a surrender does not affect his or her civil or criminal liability for acts committed before the surrender.
Nev. Rev. Stat. § 670B.030 — NV Code / Title 55 / Chapter 670B / Section 670B.030
“Cosigner” defined
Status: in_force

“ Cosigner ” means:

1. Any person who is liable for the obligation of another without compensation, regardless of how the person is designated in the contract or instrument with respect to that obligation, including, without limitation, an obligation under a private education loan extended to consolidate a borrower's pre-existing private education loans. The term includes any person whose signature is requested as a condition to grant credit or to forbear on collection.

2. As used in this section, the term does not include a spouse of a person described in subsection 1 whose signature is needed to perfect the security interest in a loan.
Nev. Rev. Stat. § 672.540 — NV Code / Title 55 / Chapter 672 / Section 672.540
Real and personal property subject to taxation
Status: in_force

The real property and any tangible personal property owned by a credit union organized pursuant to this chapter or any other provision of law is subject to taxation to the same extent as other similar property is taxed.
Nev. Rev. Stat. § 675.250 — NV Code / Title 55 / Chapter 675 / Section 675.250
Books and accounting records: Practices; preservation; requirements regarding office or other place of business located outside State
Status: in_force

1. Each licensee shall keep and use in his or her business such books and accounting records as are in accord with sound and accepted accounting practices.

2. Each licensee shall maintain a separate record or ledger card for the account of each borrower and shall set forth separately the amount of cash advance and the total amount of interest and charges, but such a record may set forth precomputed declining balances based on the scheduled payments, without a separation of principal and charges.

3. Each licensee shall preserve all such books and accounting records for at least 2 years after making the final entry therein.

4. Each licensee who operates outside this state an office or other place of business that is licensed pursuant to this chapter shall: (a) Make available at a location within this state the books, accounts, papers, records and files of the office or place of business located outside this state to the Commissioner or a representative of the Commissioner; or (b) Pay the reasonable expenses for travel, meals and lodging of the Commissioner or a representative of the Commissioner incurred during any investigation or examination made at the office or place of business located outside this state. The licensee must be allowed to choose between paragraph (a) or (b) in complying with the provisions of this subsection.
Nev. Rev. Stat. § 673.360 — NV Code / Title 55 / Chapter 673 / Section 673.360
Administrators, executors, guardians and trustees; payment as valid discharge of savings bank
Status: in_force

1. A deposit account or investment certificate of any savings bank may be purchased and held by any person as administrator, executor, guardian, or as trustee or other fiduciary, in trust for a named beneficiary or beneficiaries.

2. Any person holding a deposit account as a fiduciary may make payments upon, and withdraw, in whole or in part, the deposit account or investment certificate.

3. The withdrawal value of any such deposit account or investment certificate and interest thereon, or other rights relating thereto, may be paid or delivered to the fiduciary, and the payment or delivery to the fiduciary or a receipt or acquittance signed by the fiduciary, to whom any payment or delivery of rights is made, is a valid and sufficient release and discharge of the savings bank for the payment or delivery so made.
Nev. Rev. Stat. § 672.282 — NV Code / Title 55 / Chapter 672 / Section 672.282
Application for license: Additional requirements; fingerprints; grounds for refusal to issue license
Status: in_force

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

2. In addition to any other lawful reasons, the Commissioner may refuse to issue a license to an applicant if the applicant: (a) Has committed or participated in any act which, if committed or done by a holder of a license, would be grounds for the suspension or revocation of the license. (b) Has previously been refused a license pursuant to this chapter or has had such a license suspended or revoked. (c) Has participated in any act which was a basis for the refusal or revocation of a license pursuant to this chapter. (d) Has falsified any of the information submitted to the Commissioner in support of the application for the license.
Nev. Rev. Stat. § 671.0115 — NV Code / Title 55 / Chapter 671 / Section 671.0115
“Money” defined
Status: in_force

“ Money ” means a medium of exchange that is authorized or adopted by the United States or a foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more governments.
Nev. Rev. Stat. § 671.395 — NV Code / Title 55 / Chapter 671 / Section 671.395
Inconsistencies between provisions of chapter and federal law governed by federal law; authority of Commissioner to provide interpretive guidance concerning inconsistencies
Status: in_force

1. If state money transmission jurisdiction is conditioned on a federal law, any inconsistencies between a provision of this chapter and the federal law governing money transmission is governed by the applicable federal law to the extent of the inconsistency.

2. If there is an inconsistency between this chapter and a federal law that governs pursuant to subsection 1, the Commissioner may provide interpretive guidance that: (a) Identifies the inconsistency; and (b) Identifies the appropriate means of compliance with federal law.
Nev. Rev. Stat. § 677.147 — NV Code / Title 55 / Chapter 677 / Section 677.147
Applicability of chapters 78 and 92A of NRS
Status: in_force

The provisions of chapters 78 and 92A of NRS that are not in conflict with this chapter are hereby adopted as part of this chapter.
Nev. Rev. Stat. § 677.360 — NV Code / Title 55 / Chapter 677 / Section 677.360
Expiration, renewal and reinstatement of license; fees; regulations
Status: in_force

1. A license expires on December 31 of each year. On or before that date, each licensee must pay to the Commissioner a fee of not more than $1,000 for the renewal of each license held by the licensee. The Commissioner may reinstate an expired license upon receipt of the fee for renewal and a fee of not more than $400 for reinstatement.

2. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
Nev. Rev. Stat. § 669.2015 — NV Code / Title 55 / Chapter 669 / Section 669.2015
“Federal banking regulator” defined
Status: in_force

“ Federal banking regulator ” means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency or the Federal Deposit Insurance Corporation.
Nev. Rev. Stat. § 669.160 — NV Code / Title 55 / Chapter 669 / Section 669.160
Investigation of applicant; rights of applicant upon denial of license; entry of final order; judicial review
Status: in_force

1. Within 90 days after the application for a license is filed, the Commissioner shall investigate the facts of the application and the other requirements of this chapter to determine: (a) That the persons who will serve as directors or officers of the corporation, or the managers or members acting in a managerial capacity of the limited-liability company, as applicable: (1) Have a good reputation for honesty, trustworthiness and integrity and display competence to transact the business of a trust company in a manner which safeguards the interests of the general public. The applicant must submit satisfactory proof of these qualifications to the Commissioner. (2) Have not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude. (3) Have not made a false statement of material fact on the application. (4) Have not been an officer or member of the board of directors for an entity which had a license issued pursuant to the provisions of this chapter that was suspended or revoked within the 10 years immediately preceding the date of the application, and in the reasonable judgment of the Commissioner, there is evidence that the officer or member of the board of directors materially contributed to the actions resulting in the license suspension or revocation. (5) Have not been an officer or member of the board of directors for a company which had a license as a trust company which was issued in any other state, district or territory of the United States or any foreign country suspended or revoked within the 10 years immediately preceding the date of the application, and in the reasonable judgment of the Commissioner, there is evidence that the officer or member of the board of directors materially contributed to the actions resulting in the license suspension or revocation. (6) Have not violated any of the provisions of this chapter or any regulation adopted pursuant to the provisions of this chapter. (b) That the financial status of the directors and officers of the corporation or the managers or members acting in a managerial capacity of the limited-liability company is consistent with their responsibilities and duties. (c) That the name of the proposed company complies with the provisions of NRS 657.200 . (d) That the initial stockholders' equity is not less than the required minimum. (e) That the applicant has retained the employee required by paragraph (b) of subsection 2 of NRS 669.083 .

2. After an investigation by the Commissioner pursuant to subsection 1, if the Commissioner finds any defect or deficiency in an application for licensure which would constitute grounds for denial of the application, written notice of such grounds for denial must be served personally or sent by certified mail to the applicant. The Commissioner shall allow the applicant an opportunity to cure any defect or deficiency in the application and, not later than 30 days after receipt of the notice of denial, to resubmit the application for approval.

3. If a defect or deficiency in an application is not cured pursuant to subsection 2, written notice of the entry of an order refusing a license to a trust company must be served personally or sent by certified mail to the company affected. The company, upon application, is entitled to a hearing before the Commissioner, but if no such application is made within 30 days after the entry of an order refusing a license to any company, the Commissioner shall enter a final order.

4. The order of the Commissioner is final for the purposes of judicial review.
Nev. Rev. Stat. § 677.170 — NV Code / Title 55 / Chapter 677 / Section 677.170
Fidelity bond
Status: in_force

A licensee which proposes to accept deposits shall file with the Commissioner a fidelity bond providing fidelity coverage on each officer, director and employee of at least $100,000. The fidelity bond may be either a banker's blanket bond or a finance company's blanket bond, but must be written by an insurer who has been approved by the Commissioner.
Nev. Rev. Stat. § 669A.135 — NV Code / Title 55 / Chapter 669A / Section 669A.135
Limitations on liability
Status: in_force

Notwithstanding the provisions of any law to the contrary, a family trust company or licensed family trust company, or an employee or agent of a family trust company or licensed family trust company, is not liable to an interested person for any transaction, decision to act or decision to not act if the family trust company or licensed family trust company or employee or agent thereof acted in good faith and in reasonable reliance on the express terms of a trust instrument, a written consent, a court order, a nonjudicial settlement agreement or a written waiver contained in a trust instrument or in a separate written instrument such as a waiver of any duty to diversify. Good faith shall be presumed unless rebutted by clear and convincing evidence to the contrary.
Nev. Rev. Stat. § 669A.133 — NV Code / Title 55 / Chapter 669A / Section 669A.133
Standards for administration and management of trust
Status: in_force

While acting as the fiduciary of a trust, a family trust company or licensed family trust company:

1. Shall administer and manage the trust in accordance with the terms of the trust;

2. Shall administer and manage the trust in the interest of the beneficiaries of the trust;

3. Shall administer and manage the trust in accordance with the provisions of this chapter; and

4. May administer and manage the trust by the exercise of discretionary power of administration given to the fiduciary by the terms of the trust instrument.
Nev. Rev. Stat. § 665.025 — NV Code / Title 55 / Chapter 665 / Section 665.025
Commissioner to make examinations of banks
Status: in_force

The Commissioner shall make a thorough examination of and into the affairs of every bank doing business under chapters 657 to 671, inclusive, of NRS, as often as the Commissioner may deem necessary, but at least once within each 18-month period. In lieu thereof, the Commissioner may accept any or all of a report of an examination of a bank made by a federal regulatory agency. If the Commissioner accepts any part of such a report in one 18-month period, the Commissioner shall examine the bank to which the report pertains in the succeeding 18-month period.
Nev. Rev. Stat. § 673.227 — NV Code / Title 55 / Chapter 673 / Section 673.227
Land and office buildings of savings bank; limitation on costs
Status: in_force

1. A savings bank may purchase or lease property for its office buildings or construct its office buildings on property purchased or leased by it, if the total cost of land and improvements does not exceed 70 percent of the sum of the capital, surplus and reserves of the savings bank.

2. With the approval of the Commissioner, senior capital notes of the Federal Deposit Insurance Corporation may be included in capital for the purposes of this section.
Nev. Rev. Stat. § 675.285 — NV Code / Title 55 / Chapter 675 / Section 675.285
Commissioner required to investigate alleged violations of chapter
Status: in_force

If the Commissioner receives information from a registered agent pursuant to NRS 77.410 which indicates that a person may be violating the provisions of this chapter, the Commissioner shall investigate the person and take any appropriate action pursuant thereto.
Nev. Rev. Stat. § 669.010 — NV Code / Title 55 / Chapter 669 / Section 669.010
Declaration of legislative intent
Status: in_force

The Legislature finds as facts and determines that:

1. There exists in this State a need, for the protection of the public interest, to regulate companies which are engaged in the trust company business.

2. Such trust companies should be licensed and regulated in such manner as to promote the public advantage and convenience.

3. It is the purpose of this chapter to bring under public supervision those persons who are engaged in or who desire to engage in the business of a trust company, not in connection with banking business, and to insure that there is established in this State an adequate, efficient and competitive trust company service.
Nev. Rev. Stat. § 662.155 — NV Code / Title 55 / Chapter 662 / Section 662.155
Limit on combination of investments and loans involving single obligor, person or entity
Status: in_force

1. The combination of investments in private securities provided for in subsection 5 of NRS 662.065 and outstanding loans provided for in subsection 1 of NRS 662.145 , of any bank to any one obligor, person, company, corporation or firm, including any unincorporated company or firm and the members thereof, must not at any time exceed 25 percent of the stockholders' or members' equity of the bank.

2. The Commissioner may adopt regulations necessary to carry out the provisions of this section.
Nev. Rev. Stat. § 667.075 — NV Code / Title 55 / Chapter 667 / Section 667.075
Loans to closed banks by Federal Deposit Insurance Corporation; sale of assets to it
Status: in_force

1. Any state bank which is, or may hereafter be, closed on account of inability to meet the demands of its depositors, by action of the Commissioner, by action of a court, by action of its directors or due to its insolvency or suspension, the Commissioner, or the receiver or liquidator of the bank with the permission of the Commissioner, may borrow from the Federal Deposit Insurance Corporation and furnish any part or all of the assets of the bank to the Federal Deposit Insurance Corporation as security for a loan from it; but where the Federal Deposit Insurance Corporation is acting as the receiver or liquidator, the order of a court of record of competent jurisdiction must be first obtained approving the loan.

2. The Commissioner, or the receiver or liquidator of any state bank with the permission of the Commissioner, upon the order of a court of record of competent jurisdiction, may sell to the Federal Deposit Insurance Corporation any part or all of the assets of the bank.

3. The provisions of this section do not limit the power of any bank, the Commissioner, receivers or liquidators to pledge or sell assets in accordance with any other existing law.
Nev. Rev. Stat. § 675.400 — NV Code / Title 55 / Chapter 675 / Section 675.400
Commissioner to examine licensee's business annually; fee
Status: in_force

1. At least once each year, the Commissioner or his or her authorized representatives shall make an examination of the place of business of each licensee and of the loans, transactions, books, accounts, papers and records of the licensee so far as they pertain to the business licensed under this chapter.

2. The Commissioner shall charge and collect from each licensee 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 this chapter or any regulations adopted pursuant thereto.

3. All money collected by the Commissioner pursuant to subsection 2 must be deposited in the State Treasury pursuant to the provisions of NRS 658.091 .
Nev. Rev. Stat. § 661.185 — NV Code / Title 55 / Chapter 661 / Section 661.185
Bonds of officers, managers and employees
Status: in_force

1. The active officers, or the managers, and employees of any bank before entering upon their duties shall give bond to the bank in a surety company authorized to do business in Nevada, in the amount required by the directors or the operating agreement and upon such form as may be approved by the Commissioner, the premium for the bond to be paid by the bank.

2. The Commissioner or directors of the bank may require an increase of the amount of the bond whenever they deem it necessary. If injured by the breach of any bond given under this section, the bank so injured may commence an action and recover such damages as it may have sustained.
Nev. Rev. Stat. § 671.0195 — NV Code / Title 55 / Chapter 671 / Section 671.0195
Application and construction of chapter
Status: in_force

In applying and construing the provisions of this chapter, consideration must be given to the need to promote uniformity of the law with respect to money transmission among states that enact laws concerning money transmission that are substantively similar to this chapter.
Nev. Rev. Stat. § 660.025 — NV Code / Title 55 / Chapter 660 / Section 660.025
Service centers: Definition; establishment
Status: in_force

1. As used in this section, “service center” is a place where functions of a bank are performed that do not involve the receiving of deposits, making of loans or withdrawals or handling of cash.

2. Banks organized under chapters 657 to 671, inclusive, of NRS may establish and maintain one or more service centers within or outside this State according to their needs.

3. A service center may be established by a bank by the vote of its board of directors. The bank shall inform the Commissioner in writing of its intention to establish a service center and the location thereof.

4. A service center does not constitute branch banking. No license, certificate or prior approval of the Commissioner, of the Division of Financial Institutions or of the Department of Business and Industry is necessary before a service center may be established.
Nev. Rev. Stat. § 672.320 — NV Code / Title 55 / Chapter 672 / Section 672.320
Amendment of articles of incorporation; bylaws
Status: in_force

1. The articles of incorporation or bylaws may be amended as provided in the bylaws. Any amendment to the articles of incorporation or bylaws do not become effective until approved in writing by the Commissioner.

2. The Commissioner shall not charge any fee for approving amendments to the articles of incorporation or bylaws of any credit union organized pursuant to this chapter.