reglab/housing_qa huggingface dataset:
NV Rev Stat § 677.580 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.580 - Use of holding company or other device for evading or avoiding chapter prohibited; right to issue preferred stock or debentures not affected.

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.  (Added to NRS by 1975, 1838)
NV Rev Stat § 677.590 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.590 - Issuance of thrift certificates prohibited; exception.

  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.  (Added to NRS by 1975, 1844; A 1985, 2201; 1997, 1019)
NV Rev Stat § 677.600 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.600 - Permissible depositories.

A licensee shall not deposit any of its money with any other moneyed corporation, unless that corporation has been designated as a depository by a majority vote of the directors or the executive committee, exclusive of any director who is an officer, director or trustee of the depository so designated. Such a depository must be a federally insured financial institution, a financial institution insured by a private insurer approved pursuant to NRS 672.755 or any Federal Reserve Bank.  (Added to NRS by 1975, 1844; A 1985, 2202; 1997, 1019; 1999, 1452)
NV Rev Stat § 677.610 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.610 - Authorized investments.

A licensee shall not invest any of its money, except:  1. As authorized in this chapter;  2. In legal investments for banks, credit unions or savings associations; or  3. To the extent of 5 percent or less of its total assets, in preferred stock of corporations which have been given a rating of "A" or better by a national rating service and which are not in default in the payment of dividends.  (Added to NRS by 1975, 1844; A 1981, 1025; 1987, 1244; 1999, 1452)
NV Rev Stat § 677.612 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.612 - Authority to accept deposit by fiduciary in trust; payment to fiduciary of withdrawal value and interest.

  1. A deposit may be made with a licensee by any administrator, executor or guardian of an estate, a trustee or other fiduciary in trust for a named beneficiary or beneficiaries.  2. The fiduciary may make additional deposits and withdraw the deposit, in whole or in part.  3. The withdrawal value of the deposit and the interest thereon, or other rights relating to the deposit, 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 licensee for the payment or delivery so made.  (Added to NRS by 1987, 1243)
NV Rev Stat § 677.616 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.616 - Deposit by and payment to minor.

  1. If a deposit is made with a licensee by a minor, the licensee may pay to the depositor such sums as may be due him or her, and the receipt of the minor to the licensee is valid.  2. A licensee may operate a deposit account in the name of a minor or in the name of two or more persons one or more of whom are minors with the same effect upon its liability as if the minors were of lawful age.  (Added to NRS by 1987, 1243)
NV Rev Stat § 677.620 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.620 - Limit on deposits; limit on total borrowings; borrowing money from Federal Home Loan Bank.

  1. Except as otherwise provided in subsections 2 and 3, a licensee shall not have at any time deposits in an aggregate sum in excess of 10 times the aggregate amount of its stockholders’ equity.  2. A licensee insured by the Federal Deposit Insurance Corporation shall comply with the limits imposed by that insurer, if any.  3. If a licensee has operated under this chapter for 1 year or more and during its most recent fiscal year has been profitable, the Commissioner may increase the ratio of deposits to stockholders’ equity prescribed in subsection 1 to not more than the greatest net worth to savings ratio permitted for any savings and loan association or savings bank operating in this state. The Commissioner shall give his or her approval or denial of the application for an increased ratio to the licensee in writing with supporting reasons within 30 days after the date of the application submitted by the licensee unless the Commissioner gives notice within the original 30-day period that he or she is extending the period for decision for a period not to exceed an additional 30 days. The Commissioner may, for reasonable cause, decrease the ratio authorized under this subsection at any time, but not below the ratio prescribed in subsection 1.  4. A licensee may not have total borrowings, exclusive of deposits, which exceed the larger of:  (a) Five times its stockholders’ equity; or  (b) The face amount of total deposits at the time a borrowing is made.  5. A licensee may borrow money from a Federal Home Loan Bank. Money borrowed pursuant to this subsection shall not be deemed borrowed money for the purposes of the limitations prescribed in subsection 4. A licensee may pledge any of its assets as collateral security for money borrowed pursuant to this subsection.  (Added to NRS by 1975, 1844; A 1977, 1045; 1979, 997; 1981, 1025; 1983, 1607, 1638, 1827; 1985, 2202, 2203; 1987, 2010; 1989, 1098; 1993, 2816; 1997, 1019)
NV Rev Stat § 677.630 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.630 - Permissible transactions in real property.

  1. A licensee may purchase, hold, develop and convey real property, including apartments and other buildings, for the following purposes only:  (a) Real property conveyed to it in satisfaction of debts contracted in the course of its business.  (b) Real property purchased at sale under judgments, decrees or mortgage foreclosures or foreclosures of or trustees’ sales under deeds of trust, or pursuant to an order of a bankruptcy court. A licensee shall not bid against its debtor at any such sale in a larger amount than is necessary to satisfy its debt and costs.  (c) Real property necessary as premises for the transaction of its business. A licensee shall not invest directly or indirectly an amount exceeding one-third of its stockholders’ equity in the lot and building in which the business of the company is carried on, furniture and fixtures, and vaults, necessary and proper to carry on its business.  (d) Real property purchased or held for the purpose of development. An investment for this purpose must not exceed the market value of the property as evidenced by an appraisal prepared by a member of the American Institute of Real Estate Appraisers, the National Association of Review Appraisers and Mortgage Underwriters, the Society of Real Estate Appraisers or the Independent Fee Appraisers Society or an appraiser approved by the Commissioner. Within 120 days after the investment is made:  (1) The licensee shall provide the Commissioner with a certified copy of one or more appraisal reports and a report from a title insurer which shows, for not less than the immediately preceding 3 years, the chain of title and the amount of consideration for which the title was transferred, if that information is available.  (2) The Commissioner may require a statement from the licensee disclosing whether any director, officer or employee of the licensee has, or has had within the immediately preceding 3 years, any direct or indirect interest in the property. For the purposes of this subparagraph, "interest" includes ownership of stock in a corporation which has an interest in the property.  If the total amount to be invested in real property for residential development, excluding any real property which is mortgaged to the licensee as security for money owing to the licensee, exceeds the stockholders’ equity of the licensee, the investment may not be made without the written approval of the Commissioner. Any person who fails to make a disclosure required by this section is guilty of a misdemeanor.  2. No real estate acquired pursuant to paragraph (a) or (b) of subsection 1 may be held for a longer period than 5 years unless it has been improved by the licensee and is producing a fair income based upon the appraised value.  (Added to NRS by 1975, 1844; A 1981, 1026; 1983, 1828; 1985, 2204, 2205; 1987, 1244, 2011; 1989, 1099; 1997, 1020)
NV Rev Stat § 677.640 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.640 - Conduct of business in place where other business being conducted; name under which business may be transacted; loans by mail.

A licensee shall not make loans or accept deposits under this chapter:  1. Within any office, suite, room or place of business in which any other business is solicited or engaged in, except an insurance agency or notary public, or in association or conjunction with any other business unless authority to do so is given by the Commissioner.  2. Under any name or at any place other than that stated in the license.  This section does not prevent the making of loans by mail or prohibit accommodations to individual borrowers when necessitated by hours of employment, sickness or other emergency situations.  (Added to NRS by 1975, 1832; A 1983, 1828; 1985, 2205, 2206; 1987, 2011)
NV Rev Stat § 677.645 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.645 - Use or change of business name; prohibitions.

  1. A licensee must obtain the approval of the Commissioner before using or changing a business name.  2. A licensee shall not:  (a) Use any business name which is identical or similar to a business name used by another licensee under this chapter or which may mislead or confuse the public.  (b) Use any printed forms which may mislead or confuse the public.  (Added to NRS by 2005, 1887)
NV Rev Stat § 677.650 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.650 - Making loan to or purchasing contract or chose in action from officer, director or other specified person prohibited; exception; personal liability.

  1. Except as otherwise provided in subsection 2, a licensee shall not directly or indirectly make any loan to, or purchase a contract or chose in action from:  (a) A person who is an officer, director or holder of record or beneficiary of 10 percent or more of the shares of the licensee;  (b) A person in which an officer, director or holder of record or beneficiary of 10 percent or more of the shares of the licensee directly or indirectly is financially interested; or  (c) A person who acquired the contract directly or indirectly or through intervening assignments from a person described in paragraph (a) or (b),  unless the licensee has been authorized by the Commissioner to make that loan or purchase that contract or chose in action from that person.  2. Loans may be made to an officer, director or stockholder of the licensee, upon collateral of his or her deposits with the licensee, of not more than 90 percent of the amount of his or her deposits, at the same rates of interest and under the same terms as loans secured by deposits are offered to members of the general public.  3. Any officer, director or stockholder of a licensee who:  (a) Knowingly and intentionally makes or procures or participates in making or procuring, directly or indirectly, a loan or contract in violation of this section; or  (b) Knowingly approves a loan or contract in violation of this section,  is personally liable for any loss resulting to the licensee from the loan or contract, in addition to any other penalties provided by law.  (Added to NRS by 1975, 1845; A 1981, 1027; 1985, 2206; 1997, 1021)
NV Rev Stat § 677.660 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.660 - Advertising: Prohibitions; insurance of deposits.

  1. A person shall not advertise, print, display, publish, distribute or broadcast or cause or permit to be advertised, printed, displayed, published, distributed or broadcast, in any manner, any statement or representation with regard to the rates, terms or conditions for making or negotiating loans, or with regard to deposits, which is false, misleading or deceptive.  2. Except as otherwise provided in this subsection, a licensee shall not use any advertising or make any representations which indicate, imply or might lead a person to believe that it is a bank, a thrift company or a savings bank, unless it is insured by the Federal Deposit Insurance Corporation. The provisions of this subsection do not apply to a thrift company that does not accept money for deposit.  3. A licensee whose deposits are insured by the Federal Deposit Insurance Corporation shall include that information in its advertising relating to deposits.  (Added to NRS by 1975, 1844; A 1985, 348, 2207; 1989, 1099; 1993, 2817; 1997, 1022)
NV Rev Stat § 677.665 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.665 - Formation of bank.

A corporation authorized to engage in business pursuant to this chapter may form a bank pursuant to the provisions of subsection 2 of NRS 659.015.  (Added to NRS by 1997, 1014)
NV Rev Stat § 677.673 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.673 - Definitions.

As used in NRS 677.673 to 677.707, inclusive, unless the context otherwise requires, the words and terms defined in NRS 677.677 to 677.697, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2007, 1492)
NV Rev Stat § 677.677 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.677 - "Designated reporter" defined.

Designated reporter means a person designated by a licensee to receive reports of known or suspected exploitation of an older person or vulnerable person pursuant to NRS 677.707.  (Added to NRS by 2007, 1492)
NV Rev Stat § 677.683 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.683 - "Exploitation" defined.

Exploitation has the meaning ascribed to it in NRS 200.5092.  (Added to NRS by 2007, 1492; A 2015, 840)
NV Rev Stat § 677.687 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.687 - "Older person" defined.

Older person has the meaning ascribed to it in NRS 200.5092.  (Added to NRS by 2007, 1492; A 2015, 840)
NV Rev Stat § 677.693 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.693 - "Reasonable cause to believe" defined.

Reasonable cause to believe has the meaning ascribed to it in NRS 200.50925.  (Added to NRS by 2007, 1492)
NV Rev Stat § 677.697 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.697 - "Vulnerable person" defined.

Vulnerable person has the meaning ascribed to it in NRS 200.5092.  (Added to NRS by 2007, 1492; A 2015, 841)
NV Rev Stat § 677.703 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.703 - Training; reporting to designated reporter.

  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.  (Added to NRS by 2007, 1492)
NV Rev Stat § 677.707 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.707 - Designated reporter: Designation; duty to report; immunity.

  1. Each licensee shall designate a person or persons to whom an officer or employee of the licensee must report known or suspected exploitation of an older person or vulnerable person.  2. If an officer or employee reports known or suspected exploitation of an older person or vulnerable person to a designated reporter and, based on such a report or based on his or her own observations or knowledge, the designated reporter knows or has reasonable cause to believe that an older person or vulnerable person has been exploited, the designated reporter shall:  (a) Except as otherwise provided in subsection 3, report the known or suspected exploitation of the older person or vulnerable person to:  (1) The local office of the Aging and Disability Services Division of the Department of Health and Human Services;  (2) A police department or sheriff’s office;  (3) The county’s office for protective services, if one exists in the county where the suspected action occurred; or  (4) A toll-free telephone service designated by the Aging and Disability Services Division of the Department of Health and Human Services; and  (b) Make such a report as soon as reasonably practicable.  3. If the designated reporter knows or has reasonable cause to believe that the exploitation of the older person or vulnerable person involves an act or omission of the Aging and Disability Services Division, another division of the Department of Health and Human Services or a law enforcement agency, the designated reporter shall make the report to an agency other than the one alleged to have committed the act or omission.  4. In accordance with the provisions of subsection 3 of NRS 239A.070, in making a report pursuant to this section, a designated reporter may:  (a) Disclose any facts or information that form the basis of the determination that the designated reporter knows or has reasonable cause to believe that an older person or vulnerable person has been exploited, including, without limitation, the identity of any person believed to be involved in the exploitation of the older person or vulnerable person; and  (b) Provide any financial records or other documentation relating to the exploitation of the older person or vulnerable person.  5. An officer, employee and the designated reporter are entitled to the immunity from liability set forth in NRS 200.5096 for making a report in good faith.  (Added to NRS by 2007, 1493; A 2019, 3501)
NV Rev Stat § 677.720 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.720 - Requirements for making and paying of loans: Duties of licensee.

  1. Every licensee shall:  (a) Deliver to the borrower, or if more than one, to one of them, at the time of making a loan under this chapter a copy of the loan obligation or, in lieu thereof, a statement showing in clear and distinct terms the date of the loan and amount of loan obligation and the date of its maturity, the nature of the security, if any, for the loan, the name and address of the borrower and of the licensee, and the description or schedule of payments on the loan.  (b) Except as otherwise provided in subsection 2, give to the person making any cash payment on account of any loan a receipt at the time the payment is made, which receipt must show the balance due, if any, after application of the payment. A receipt for the amount of the payment only may be given temporarily and replaced within a reasonable time with a receipt as prescribed in this paragraph.  (c) Permit payment in advance in an amount equal to one or more full installments at any time during the regular business hours of the licensee.  (d) Upon repayment of a loan in full, mark plainly every note or other evidence of the indebtedness or assignment signed by any obligor with the word "paid" or "cancelled," and release or provide the borrower with evidence to release any mortgage or security instrument no longer securing any indebtedness to the licensee.  2. In lieu of the receipt mentioned in paragraph (b) of subsection 1, the licensee may issue a coupon payment book to the borrower setting forth the amount and due date of each installment and containing a payment record stub corresponding to each coupon.  (Added to NRS by 1975, 1842; A 1989, 1100)
NV Rev Stat § 677.730 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.730 - Interest, charges and repayment.

A licensee may lend any amount of money:  1. At any rate of interest;  2. Subject to the imposition of any charge in any amount; and  3. Upon any schedule of repayment,  to which the parties may agree.  (Added to NRS by 1975, 1842; A 1979, 1000; 1985, 2208; 1989, 1100; 1997, 1022)
NV Rev Stat § 677.750 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.750 - Prohibited practices by licensee.

A licensee shall not:  1. Take any confession of judgment or any power of attorney running to himself or herself or to any third person to confess judgment or to appear for the borrower in a judicial proceeding.  2. Take any note or promise to pay which does not disclose the date and amount of the loan obligation, a schedule or description of the payments to be made thereon, and the rate or aggregate amount of agreed charges.  3. Take any instrument in which blanks are left to be filled in after the loan is made.  (Added to NRS by 1975, 1843)
NV Rev Stat § 677.760 (2021)
2021 Nevada Revised Statutes|Chapter 677 - Thrift Companies|NRS 677.760 - Restriction on percentage of loans secured by stocks or bonds of any one obligor; exception.

 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.  (Added to NRS by 1975, 1843; A 1989, 1101; 1997, 1022)