reglab/housing_qa huggingface dataset:
NV Rev Stat § 677.160 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.160 - Application for authority to engage in business: Form; contents; filing fee; regulations; withdrawal of application.

  1. The request for authority to engage in business pursuant to this chapter must be set forth in an application in such form and containing such information as the Commissioner requires.  2. The filing fees are:  (a) For filing an original application, not more than $2,000 for the principal office and not more than $300 for each branch office. The applicant shall also pay such additional expenses incurred in the process of investigation as the Commissioner deems necessary. All money received by the Commissioner pursuant to this paragraph must be placed in the Investigative Account created by NRS 232.545.  (b) If the license is approved for issuance, not more than $1,000 for the principal office and not more than $200 for each branch office before issuance.  3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.  4. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 12 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if the applicant otherwise withdraws the application, the Commissioner may not issue a license to the applicant unless the applicant submits a new application and pays any required fees.  (Added to NRS by 1975, 1830; A 1983, 1327, 1817; 1987, 1997; 1991, 1816; 2005, 1888)
NV Rev Stat § 677.170 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.170 - Fidelity bond.

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.  (Added to NRS by 1975, 1830; A 1977, 1045; 1983, 1605, 1637, 1817; 1985, 2196, 2197; 1987, 1998)
NV Rev Stat § 677.175 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.175 - Additional bond.

If the Commissioner finds that a bond filed pursuant to NRS 677.170 is not sufficient to protect the interests of the public, he or she shall require the applicant to deposit an additional bond.  (Added to NRS by 1983, 1605; A 1983, 1644; 1985, 2197; 1987, 1998)
NV Rev Stat § 677.180 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.180 - Investigation and examination of applicant.

Upon the filing of an application, the Commissioner shall make or cause to be made a careful investigation and examination relative to the following:  1. Character, reputation and financial standing of the organizers or incorporators.  2. The need for a thrift company or an additional thrift company, as the case may be, in the community where the proposed licensee is to be located, giving particular consideration to the adequacy of existing thrift company services and the need for additional services of this kind in the community.  3. The ability of the community to support the proposed licensee, giving consideration to:  (a) The competition offered by existing licensees;  (b) Whether a thrift company has previously operated in the community; and  (c) The opportunities for profitable employment of the licensee’s money as indicated by the average demand for credit, the number of potential investors, the volume of transactions where the services of a thrift company would be appropriate, and the business and industries of the community with particular regard to their stability, diversification and size.  4. The character, banking, industrial loan, finance or thrift company or other experience and business qualifications of the proposed officers and managers of the licensee.  5. The character, financial responsibility, business experience and standing of the proposed stockholders and directors.  6. Any other facts and circumstances bearing on the proposed licensee as in the opinion of the Commissioner may be relevant.  (Added to NRS by 1975, 1830; A 1979, 995; 1983, 1818; 1987, 1998)
NV Rev Stat § 677.190 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.190 - Requisites for approval of application.

The Commissioner shall not approve the application unless he or she ascertains to his or her satisfaction:  1. That the public convenience and advantage will be promoted by the establishment of the proposed corporation.  2. That the corporation is being formed for no other purpose than the legitimate objectives contemplated by this chapter.  3. That the proposed capital structure is adequate.  4. That the financial responsibility, character and general fitness of the proposed officers, directors, stockholders and other investors are such as to command the confidence of the community and to warrant belief that the business will be operated honestly and fairly within the purpose of this chapter, and that the proposed officers and directors have sufficient banking, industrial loan or other experience, ability and standing to afford reasonable promise of successful operation.  5. That the applicant has complied with all the applicable provisions of this chapter.  (Added to NRS by 1975, 1831; A 1983, 1818; 1985, 2197; 1987, 1999; 1997, 1014)
NV Rev Stat § 677.200 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.200 - Qualifications of president and certain managers of corporation.

The president of the corporation must have not less than 10 years of experience in a regulated financial institution in this state, or in any other state or the District of Columbia. The manager of the principal office and any branch office must have not less than 2 years of experience in a regulated financial institution in this state, or in any other state or the District of Columbia.  (Added to NRS by 1975, 1831; A 1977, 1045; 1985, 2198; 1995, 1564; 1997, 1014)
NV Rev Stat § 677.210 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.210 - Minimum stockholders’ equity required.

The stockholders’ equity of any corporation formed to do business under this chapter must not be less than $325,000, plus an additional $25,000 for each of its branch offices.  (Added to NRS by 1975, 1833; A 1997, 1015)
NV Rev Stat § 677.220 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.220 - Certificate of authorization to transact business.

If the Commissioner approves an application for authority to form a corporation to engage in business under this chapter, he or she shall issue a certificate in duplicate authorizing the organization of the corporation and the operation of a thrift company, specifying the date on which and the conditions under which its place of business may be opened, including the place where it will be located. The Commissioner shall deliver one copy to the applicant and retain the other copy.  (Added to NRS by 1975, 1831; A 1983, 1819; 1987, 1999)
NV Rev Stat § 677.230 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.230 - Reserves.

  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.  (Added to NRS by 1975, 1833; A 1979, 996; 1983, 1819; 1985, 2198; 1987, 1999; 1989, 1097; 1993, 2815; 1999, 1451)
NV Rev Stat § 677.240 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.240 - Authorization for change of place of business.

If a licensee desires to change its place of business to a street address other than that designated in its authorization, it shall give written notice to the Commissioner who shall issue his or her written authorization of the change, if the Commissioner finds such change of place of business would not justify a negative finding.  (Added to NRS by 1975, 1831; A 1983, 1819; 1987, 1999)
NV Rev Stat § 677.241 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.241 - Power of licensee to obtain benefits of federal programs or enter into contract with private insurer; regulations.

  1. Subject to the prior approval of the Commissioner, a licensee may, by a majority vote of its board of directors:  (a) Enter into a contract, incur an obligation and perform other acts necessary to obtain a membership or other benefit that is available to a thrift company or its customers, stockholders, conservators, receivers or liquidators pursuant to the provisions of:  (1) The Federal Deposit Insurance Act, 12 U.S.C. §§ 1811 et seq.;  (2) The National Housing Act, 12 U.S.C. §§ 1701 to 1743, inclusive; or  (3) A contract for the insurance of deposits that is issued by a private insurer and approved by the Commissioner and the Commissioner of Insurance.  (b) Subscribe for and acquire any stock, debentures, bonds or other types of securities of the Federal Deposit Insurance Corporation.  2. The Commissioner shall adopt regulations prescribing the requirements that must be complied with before a contract issued pursuant to subparagraph (3) of paragraph (a) of subsection 1 will be approved by the Commissioner.  (Added to NRS by 1985, 2193; A 1987, 2000; 1997, 1015; 2015, 2813)
NV Rev Stat § 677.243 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.243 - Records of employees; confidentiality.

  1. Each licensee shall maintain a record that includes for each employee:  (a) The employee’s full name;  (b) The address of each place at which the employee has resided during the previous 10 years;  (c) The name and address of each employer during the previous 10 years;  (d) A recent photograph of the employee measuring 3 by 5 inches; and  (e) Any alias used by the employee.  2. A licensee may comply with the provisions of subsection 1 by maintaining the employee identification information required pursuant to 26 C.F.R. Part 31.  3. The information contained in the record required pursuant to this section must be provided to the Commissioner upon his or her request, but is otherwise confidential.  (Added to NRS by 1985, 2193; A 1987, 2000; 1997, 1015)
NV Rev Stat § 677.245 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.245 - Limitation on investment in real property; recording deed or other document; subsidiary ledger or other appropriate record.

  1. Unless the licensee has received a written waiver from the Commissioner, the total amount of money that the licensee has advanced or committed for the real property that it has developed or constructed may not exceed twice the sum of its stockholders’ equity and any other reserves required by the Commissioner.  2. If a licensee acquires title to any real property pursuant to the provisions of subsection 1 of NRS 677.630, the deed or other document representing the transaction must be recorded within a reasonable time after the acquisition of that property.  3. An account must be established for the acquired property with a separate subsidiary ledger or other appropriate record. The amount carried in the account must be the sum of the unpaid principal balance of any loan made by the licensee that was secured by the foreclosed property plus the cost of the foreclosure less any advance payments held in the account for loans in progress at the time of acquisition, together with:  (a) Any amount paid after acquisition for taxes on the property that accrued before the acquisition;  (b) Assessments that are due or delinquent at the time of acquisition;  (c) Any other costs of acquisition; and  (d) The cost of insurance on the property.  4. The subsidiary ledger or other appropriate record must indicate as to each property:  (a) The type and character of the property;  (b) All the capitalized items of investment and their cost; and  (c) The account number of the former loan or contract of sale.  (Added to NRS by 1985, 2193; A 1987, 2000; 1997, 1015)
NV Rev Stat § 677.247 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.247 - Applicant required to obtain insurance of deposits; regulations.

  1. An applicant for an authorization to engage in the business regulated pursuant to this chapter must obtain:  (a) The insurance of deposits provided pursuant to the provisions of the Federal Deposit Insurance Act, 12 U.S.C. §§ 1811 et seq.;  (b) The insurance of deposits provided pursuant to the provisions of the National Housing Act, 12 U.S.C. §§ 1701 to 1743, inclusive; or  (c) A contract for the insurance of deposits that is issued by a private insurer and approved by the Commissioner and the Commissioner of Insurance.  2. The Commissioner shall adopt regulations prescribing the requirements that must be complied with before a contract issued pursuant to paragraph (c) of subsection 1 will be approved by the Commissioner.  (Added to NRS by 1985, 2194; A 1987, 2001; 1997, 1016; 2015, 2813)
NV Rev Stat § 677.250 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.250 - Establishment and maintenance.

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.  (Added to NRS by 1975, 1832; A 1983, 1819; 1987, 2002; 1997, 1017)
NV Rev Stat § 677.270 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.270 - Requisites for approval of application; notice of approval or denial.

  1. The Commissioner shall not approve an application for a branch office until he or she has ascertained to his or her satisfaction that the facts set forth in the application are true and:  (a) That public convenience and advantage will be promoted by the establishment of the proposed branch office.  (b) That the licensee has the stockholders’ equity required by this chapter.  2. The Commissioner must give his or her approval or denial for an application for a branch office to the licensee within 45 days after the date of application to open a branch office unless the Commissioner gives notice within the original 45-day period that he or she is extending the period for decision for a period not to exceed an additional 45 days.  (Added to NRS by 1975, 1832; A 1979, 996; 1983, 1819; 1987, 2002; 1997, 1017)
NV Rev Stat § 677.290 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.290 - Right to open branch office expires if office not open within 6 months after approval of application.

The failure of a licensee to open and operate a branch office within 6 months after the Commissioner approves the application therefor automatically terminates the right of the licensee to open the branch office.  (Added to NRS by 1975, 1832; A 1979, 996; 1983, 1820; 1987, 2002)
NV Rev Stat § 677.300 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.300 - Authorization for change of location; posting of certificate.

When authorized by the Commissioner, a licensee may change the location of a branch office from one location to another. The Commissioner must give his or her approval or denial to the licensee within 25 days from the date of application for a change in branch location unless the Commissioner gives notice within the original 25-day period that he or she is extending the period for decision for a term not to exceed an additional 25 days. Every licensee shall keep posted in a conspicuous place in each branch office the certificate issued by the Commissioner permitting the operating of the branch office.  (Added to NRS by 1975, 1832; A 1979, 997; 1983, 1820; 1987, 2002)
NV Rev Stat § 677.310 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.310 - Specified designation of branch offices by name or number required.

A licensee which maintains a branch office or branch offices shall give to each branch office maintained by it a specified designation by name or number and include in the designation the word "branch" or the word "office" and shall prominently display the designation at the place of business of the branch.  (Added to NRS by 1975, 1832)
NV Rev Stat § 677.320 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.320 - Closing or discontinuance of branch office.

  1. With the prior written approval of the Commissioner, a licensee may close or discontinue the operation of any branch office if public notice thereof is given in such manner as the Commissioner directs at least 30 days before the date of closing or discontinuance.  2. After a branch office has been closed or discontinued it may not be reopened without the approval of the Commissioner.  (Added to NRS by 1975, 1832; A 1983, 1820; 1987, 2003)
NV Rev Stat § 677.330 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.330 - Mobile offices.

  1. The Commissioner may authorize a licensee to operate a mobile office.  2. A mobile office must serve its designated area at least once each 30 days. Each mobile office must be licensed as a branch office.  3. Each application for authority to operate a mobile office must specify the permanent office of the licensee, either its main office or one of its branches, at which the records of the mobile office will be kept.  (Added to NRS by 1975, 1833; A 1979, 557; 1983, 1820; 1985, 2198; 1987, 2003)
NV Rev Stat § 677.340 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.340 - Persons ineligible for licensing.

  1. Except as otherwise provided in NRS 677.545 and chapter 666 of NRS, no person doing business under the law of:  (a) Any other state; or  (b) The United States if the principal office of the business is not located in Nevada,  relating to banks, savings and loan associations, savings banks, or persons licensed under chapter 675 of NRS is eligible to become a licensee under this chapter. This chapter does not apply to any business transacted by any such person under the authority of and as permitted by any such law.  2. Except as otherwise provided in subsection 3 and chapter 666 of NRS, a subsidiary of a parent corporation:  (a) One or more of whose other subsidiaries is engaged in any of the activities listed in subsection 1; or  (b) Whose parent corporation is prohibited from obtaining a license under this chapter,  is not eligible to be licensed under this chapter.  3. Subsection 2 does not apply to a bank which is doing business under the law of the United States if its principal office is located in Nevada.  (Added to NRS by 1975, 1833; A 1981, 1594; 1983, 153, 1606; 1985, 2159, 2199; 1995, 1564)
NV Rev Stat § 677.350 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.350 - Applicability of chapter to persons who seek to evade.

The provisions of this chapter apply to any person who seeks to evade its application by any device, subterfuge or pretense whatever, including, but not thereby limiting the generality of the foregoing:  1. The loan, forbearance, use or sale of credit as guarantor, surety, endorser, comaker or otherwise, money, goods or things in action.  2. The use of collateral or related sales or purchases of goods or services, or agreements to sell or purchase, whether real or pretended.  3. Receiving or charging compensation for goods or services, whether or not sold, delivered or provided.  4. The real or pretended negotiation, arrangement or procurement of a loan through any use or activity of a third person, whether real or fictitious.  (Added to NRS by 1975, 1834)
NV Rev Stat § 677.355 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.355 - Licensee may own interest in bank or savings bank.

The provisions of this chapter do not prohibit a licensee or a person owning an interest in a licensee from obtaining a license or owning an interest in a corporation licensed under chapter 659 or 673 of NRS.  (Added to NRS by 1983, 1605)
NV Rev Stat § 677.360 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.360 - Expiration, renewal and reinstatement of license; fees; regulations.

  1. A license expires on December 31 of each year. On or before that date, each licensee must pay to the Commissioner a fee 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.  (Added to NRS by 1975, 1834; A 1979, 962; 1983, 1328, 1821; 1987, 2003; 1989, 923; 2005, 1888)
NV Rev Stat § 677.370 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.370 - Posting of license; transferability and assignability of license.

  1. Each licensee shall conspicuously post each license in the place of business to which it pertains.  2. No license is transferable or assignable without the permission of the Commissioner.  (Added to NRS by 1975, 1834; A 1983, 1821; 1987, 2003)
NV Rev Stat § 677.373 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.373 - Application for license: Additional requirements; fingerprints; grounds for refusal to issue license.

  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.  (Added to NRS by 2005, 1886)