reglab/housing_qa huggingface dataset:
NV Rev Stat § 666A.010 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.010 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 666A.020 to 666A.070, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1995, 1537)
NV Rev Stat § 666A.020 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.020 - "Agency" defined.

Agency means an office or other place of business of a foreign bank located in this state at which credit balances are maintained incidental to or arising out of the exercise of banking powers, checks are paid or money is loaned, but at which deposits are not accepted from citizens or residents of the United States.  (Added to NRS by 1995, 1537)
NV Rev Stat § 666A.030 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.030 - "Branch" defined.

Branch of a foreign bank means an office or other place of business located in this state at which deposits are received.  (Added to NRS by 1995, 1537)
NV Rev Stat § 666A.040 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.040 - "Federal" defined.

Federal when used to modify the word "agency" or "branch" or the term "representative office" means licensed by the Comptroller of the Currency.  (Added to NRS by 1995, 1537)
NV Rev Stat § 666A.050 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.050 - "Foreign" defined.

Foreign means organized under the law of a foreign country or a colony, dependency or possession of a foreign country, or of Puerto Rico, Guam, American Samoa, the Virgin Islands or a territory of the United States.  (Added to NRS by 1995, 1537)
NV Rev Stat § 666A.060 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.060 - "Representative office" defined.

Representative office means an office of a foreign bank which is not a federal or state branch or agency or a subsidiary of a foreign bank.  (Added to NRS by 1995, 1537)
NV Rev Stat § 666A.070 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.070 - "State" defined.

State when used to modify the word "agency" or "branch" or the term "representative office" means licensed pursuant to the provisions of this chapter.  (Added to NRS by 1995, 1537)
NV Rev Stat § 666A.080 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.080 - State branch or agency: License required; exemptions from licensing.

  1. Except as otherwise provided in subsection 2, a foreign bank shall not transact business in this state except at a state branch or agency for which it has been issued a license pursuant to this chapter.  2. A foreign bank:  (a) Which maintains a federal branch or agency in this state may transact business authorized under federal law or regulation in that branch or agency.  (b) Which does not maintain a state branch or agency may make loans in this state secured by real property in this state.  (c) Organized under the law of a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands may operate an interstate branch in this state as if it were a state bank.  3. Transaction of business by a subsidiary of a foreign bank does not constitute transaction of business by the parent bank.  (Added to NRS by 1995, 1537)
NV Rev Stat § 666A.090 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.090 - State branch or agency: Application and fee for license; limitation on licensing; withdrawal of application.

  1. A foreign bank which desires to obtain a license under this chapter to establish and maintain a state branch or agency shall submit an application to the Commissioner pursuant to NRS 666.315. The application must contain:  (a) The same information as required by the Board of Governors of the Federal Reserve System for an application to establish a branch or agency, as the case may be, in the United States; and  (b) The information required pursuant to NRS 666.315,  and must be accompanied by the fee required by that section.  2. A foreign bank which is licensed under this chapter to establish and maintain a state branch or agency may not concurrently maintain a federal branch or agency in this State. A foreign bank which maintains a federal branch or agency in this State may not concurrently be licensed under this chapter to maintain a state branch or agency.  3. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 12 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if the applicant otherwise withdraws the application, the Commissioner may not issue a license to the applicant unless the applicant submits a new application and pays any required fees.  (Added to NRS by 1995, 1538; A 2005, 1847)
NV Rev Stat § 666A.100 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.100 - State branch or agency: Amendment of license.

  1. A foreign bank which is licensed to establish and maintain a state branch or agency shall secure an amended license if it changes its corporate name, changes the duration of its corporate existence or desires to pursue in this state other or additional purposes than those set forth in its previous application under this chapter for a license, by making application therefor to the Commissioner.  2. The requirements with respect to the form and contents of an application under subsection 1, the manner of its execution, the filing of duplicate originals thereof with the Commissioner, the issuance of an amended license and the effect thereof are the same as in the case of an initial application for a license to establish and maintain a state branch or agency.  (Added to NRS by 1995, 1543)
NV Rev Stat § 666A.110 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.110 - State representative office: License required; exemption from licensing.

  1. No foreign bank may establish or maintain a state representative office unless the foreign bank is licensed by the Commissioner to maintain a state representative office.  2. A foreign bank that maintains a federal agency or branch in this state may establish or maintain one or more federal representative offices in this state.  (Added to NRS by 1995, 1540)
NV Rev Stat § 666A.120 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.120 - State representative office: Application and fees for license; appointment of Commissioner as agent for service of process; regulations; withdrawal of application.

  1. The application for a license to establish and maintain a state representative office must be made in writing under oath and be in such form and contain such information as the Commissioner may require. The application must be accompanied by a fee of not more than $400. A fee of not more than $200 must be paid annually to renew the license.  2. The Commissioner shall require a foreign bank to include as part of its application to establish and maintain a state representative office an instrument irrevocably appointing the Commissioner and the Commissioner’s successors in office to be the foreign bank’s agent to receive service of any lawful process in any proceeding against the foreign bank or any of its successors which arises out of a transaction with its state representative office, with the same force and validity as if served on the foreign bank or its successor, as the case may be. The appointment must be in such form and contain such information as the Commissioner may require.  3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.  4. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 12 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if the applicant otherwise withdraws the application, the Commissioner may not issue a license to the applicant unless the applicant submits a new application and pays any required fees.  (Added to NRS by 1995, 1540; A 2005, 1848)
NV Rev Stat § 666A.130 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.130 - State representative office: Prerequisites to issuance of license; issuance and contents of license.

  1. A foreign bank making an application for a license to establish and maintain a state representative office must deliver to the Commissioner two duplicate originals of the application.  2. The Commissioner shall issue a license to a foreign bank to establish and maintain a state representative office if the Commissioner finds that:  (a) The foreign bank is of good character and sound financial standing;  (b) The management of the foreign bank and the proposed management of the state representative office are adequate; and  (c) The convenience and needs of persons to be served by the proposed state representative office will be advantageously served.  3. If the Commissioner determines to issue a license to a foreign bank to establish and maintain a state representative office, the Commissioner shall, when all fees have been paid as required by this chapter, issue the license.  4. Each license issued to a foreign bank to establish and maintain a state representative office must state fully the name of the foreign bank to which the license is issued, the address or addresses at which the state representative office is to be located and such other information as the Commissioner may require.  (Added to NRS by 1995, 1540)
NV Rev Stat § 666A.140 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.140 - Posting of license; transfer or assignment of license prohibited.

  1. Each foreign bank which is licensed to establish and maintain a state branch, agency or representative office shall post its license in a conspicuous place at such branch, agency or office.  2. A license issued by the Commissioner pursuant to this chapter is not transferable or assignable.  (Added to NRS by 1995, 1541)
NV Rev Stat § 666A.150 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.150 - State branch or agency: Powers, duties, limitations and restrictions.

  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.  (Added to NRS by 1995, 1538; A 1997, 1003)
NV Rev Stat § 666A.160 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.160 - State branch or agency: Engaging in fiduciary activities; regulations.

  1. No foreign bank which is licensed to establish and maintain a state branch or agency may engage in fiduciary activities at that office unless the foreign bank first obtains a certificate of authority from the Commissioner to engage in fiduciary activities there.  2. An application to obtain a certificate of authority to engage in fiduciary activities must be in such form and contain such information as the Commissioner may require and must be accompanied by a fee of not more than $1,000. The Commissioner shall issue a certificate of authority to engage in fiduciary activities to a foreign bank making an application under this section if the Commissioner finds that the foreign bank will exercise fiduciary powers in accordance with the laws and regulations of this State.  3. A foreign bank which holds a certificate of authority issued pursuant to this section may engage at its state branch or agency in fiduciary activities to the same extent and in the same manner as if the foreign bank were a Nevada bank.  4. A foreign bank which holds a certificate of authority issued pursuant to this section shall file reports and be subject to examination and supervision to the same extent and in the same manner as if the foreign bank were a Nevada bank.  5. The Commissioner may suspend or revoke a certificate to engage in fiduciary activities issued pursuant to this section if the Commissioner finds that:  (a) Conditions exist which would authorize the Commissioner to revoke or suspend the foreign bank’s license to establish and maintain a state branch or agency; or  (b) Any fact or condition exists which, if it had existed at the time of the foreign bank’s original application to obtain a certificate of authority to engage in fiduciary activities, would have resulted in the Commissioner’s refusing to issue the certificate of authority.  6. The Commissioner shall adopt regulations establishing the amount of the application fee required pursuant to this section.  (Added to NRS by 1995, 1539; A 2005, 1848)
NV Rev Stat § 666A.170 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.170 - State branch or agency: Acting as agent.

  1. A state branch of a foreign bank licensed under this chapter may receive deposits and renew time deposits, and a state branch or agency of such a bank may close loans, service loans and receive payments on loans and other obligations, as an agent for any depository institution affiliated with the foreign bank, including branches, agencies and other offices of the same foreign bank located in other states, generally in accordance with the same terms, conditions, procedures and requirements that are applicable under the laws and regulations of this state to such activities as an agent which may be conducted by Nevada banks.  2. A state branch or agency of a foreign bank acting in this state as an agent in accordance with the provisions of this section must not be considered a branch of the affiliated depository institution, but no state branch or agency may act as agent for a branch or agency of an affiliated foreign bank other than the foreign bank which has been licensed to transact business in this state pursuant to this chapter.  3. A state branch or agency of a foreign bank licensed under this chapter may not:  (a) Conduct any activity as an agent under this section which that office is prohibited from conducting as a principal under any applicable federal or state law, including the acceptance of impermissible deposits; or  (b) As a principal, have an agent conduct any activity under this section which that office is prohibited from conducting under any applicable federal or state law, including the acceptance of impermissible deposits.  4. A state branch or agency of a foreign bank licensed under this chapter may act as an agent for a depository institution affiliated with the foreign bank only on terms that are consistent with safe and sound banking practices and all applicable regulations of the Commissioner.  5. A state branch may receive deposits or renew time deposits, and a state branch or agency may close loans, service loans or receive payments on loans and other obligations, as an agent for persons other than those for whom such agency activities are specifically authorized by this section, if the Commissioner so authorizes by regulation.  (Added to NRS by 1995, 1539)
NV Rev Stat § 666A.180 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.180 - State branch or agency: Maintenance of registered office and registered agent.

A foreign bank which is licensed to establish and maintain a state branch or agency shall have and continuously maintain in this state:  1. A registered office which may be, but need not be, the same as its place of business in this state; and  2. A registered agent, who may be a natural person who resides in this state and maintains a business office at the registered office or a corporation authorized to transact business in this state which maintains a business office at the registered office.  (Added to NRS by 1995, 1541)
NV Rev Stat § 666A.190 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.190 - State branch or agency: Change of registered office or registered agent.

  1. A foreign bank which is licensed to establish and maintain a state branch or agency may from time to time change the address of its registered office, and shall change its registered agent if:  (a) The registered agent ceases to act for any reason;  (b) The registered agent becomes disqualified or incapacitated to act; or  (c) It revokes the appointment of its registered agent.  2. Any change of registered office or registered agent under this section may be effected by filing within 10 business days after the change two duplicate originals of a statement setting forth the details with respect to the change and the effective date thereof, in such form and containing such information as the Commissioner may require.  (Added to NRS by 1995, 1542)
NV Rev Stat § 666A.200 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.200 - State branch or agency: Amendment of articles of incorporation.

If the articles of incorporation of a foreign bank which is licensed to maintain a state branch or agency are amended, the foreign bank shall forthwith file in the Office of the Commissioner a copy of the amendment authenticated by the proper officer of the country of the foreign bank’s organization, but the filing thereof does not of itself enlarge or alter the purpose or purposes which the foreign bank is authorized to pursue in the transaction of its business in this state, nor authorize the foreign bank to transact business in this state under any name other than the name set forth in its license, nor extend the duration of its corporate existence.  (Added to NRS by 1995, 1542)
NV Rev Stat § 666A.210 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.210 - State branch or agency: Segregation of assets; priority of creditors.

  1. Each foreign bank which is licensed to establish and maintain a state branch or agency in this state shall keep the assets of its business in this state separate from the assets of its business outside this state.  2. The creditors of the business in this state conducted by a foreign bank at and recorded on the books of its state branch or agency are entitled to absolute priority over other creditors with respect to the assets of the foreign bank’s offices in this state.  (Added to NRS by 1995, 1544)
NV Rev Stat § 666A.220 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.220 - State branch or agency: Notification regarding insurance of deposits and credit balances.

Each foreign bank which is licensed to establish and maintain a state branch or agency shall, in a manner established by the Commissioner, give notice that deposits and credit balances in that office are not insured by the Federal Deposit Insurance Corporation.  (Added to NRS by 1995, 1544)
NV Rev Stat § 666A.230 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.230 - State branch or agency: Limitations on payment of interest on deposits.

A foreign bank which is licensed to establish and maintain a state branch or agency is subject to the same limitations with respect to the payment of interest on deposits as a state bank which is a member of the Federal Reserve System.  (Added to NRS by 1995, 1544)
NV Rev Stat § 666A.240 (2021)
2021 Nevada Revised Statutes|Chapter 666A - Foreign Banks|NRS 666A.240 - State branch or agency: Deposit of assets.

  1. Each foreign bank which is licensed to establish and maintain a state branch or agency shall keep on deposit, in accordance with such regulations as the Commissioner may adopt, with unaffiliated Nevada banks which the foreign bank designates and the Commissioner approves, interest-bearing bonds, notes, debentures or other obligations of the United States or any agency or instrumentality thereof, or guaranteed by the United States, or of this state, or of a city, county, town, school district, or instrumentality of this state or guaranteed by this state, or dollar deposits, or obligations of the International Bank for Reconstruction and Development, or obligations issued by the Inter-American Development Bank, or obligations of the Asian Development Bank, or obligations issued by the African Development Bank, or such other assets as the Commissioner by regulation permits, to an aggregate amount to be determined by the Commissioner, based upon principal amount or market value, whichever is lower, in the case of the above-described securities, and subject to such limitations as the Commissioner prescribes.  2. The Commissioner may from time to time require that the assets deposited pursuant to this section be maintained by the foreign bank in such amount, in such form and subject to such conditions as the Commissioner deems necessary or desirable for the maintenance of a sound financial condition, the protection of depositors and the public interest, and to maintain public confidence in the business of the state branch or agency. The Commissioner may give credit to reserves required to be maintained with a federal reserve bank in or outside this state pursuant to federal law, in accordance with such regulations as the Commissioner may adopt.  3. So long as it continues business in the ordinary course, a foreign bank is entitled to collect interest on securities deposited pursuant to this section and from time to time exchange, examine and compare the securities.  (Added to NRS by 1995, 1545)