reglab/housing_qa huggingface dataset:
NV Rev Stat § 666.145 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.145 - Order requiring removal of director, officer or employee; petition by person affected; injunction prohibiting participation in affairs of company.

  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.  (Added to NRS by 1983, 930; A 1983, 1840; 1987, 1931)
NV Rev Stat § 666.155 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.155 - Failure to remove person pursuant to order conclusive evidence of negligence.

If the board of directors of a bank holding company neglects or refuses to remove a person pursuant to an order of the Commissioner and the company subsequently incurs losses because of that person’s activities, the written order of the Commissioner is conclusive evidence, in any action against the directors or a director for recovery of those losses, of the negligence of the directors in failing to act upon the order.  (Added to NRS by 1983, 930; A 1983, 1841; 1987, 1932)
NV Rev Stat § 666.165 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.165 - Charges against company: Grounds; notice; hearing.

  1. If the Commissioner has reasonable cause to believe that a bank holding company:  (a) Is engaging, has engaged or is about to engage in any unsafe or unsound practice in connection with the bank holding company or a bank which it owns or controls; or  (b) Is violating, has violated or is about to violate a law, regulation or condition imposed in a written agreement between the Commissioner and the bank holding company,  the Commissioner may issue and serve upon the company a notice of the charges against the company.  2. A notice issued pursuant to subsection 1 must contain a statement of the facts which constitute the violation or unsafe or unsound practice and must set a time and place for a hearing to determine whether the Commissioner should issue an order to cease and desist from the activity. The hearing must be held not less than 20 nor more than 60 days after service of the notice unless an earlier or later date is set by the Director of the Department of Business and Industry at the request of the bank holding company.  (Added to NRS by 1983, 931; A 1983, 1841; 1987, 1932; 1993, 1895)
NV Rev Stat § 666.175 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.175 - Issuance of order to cease and desist; corrective action; effectiveness of order.

  1. If a representative of the bank holding company does not appear at the hearing, the company shall be deemed to have consented to the issuance of an order to cease and desist.  2. If the bank holding company consents to the issuance of the order or if the Commissioner determines at the hearing that the company has engaged in or will engage in the activity charged, the Commissioner may issue and serve upon the company an order to cease and desist from the activity.  3. The order may, by mandatory or prohibitory provisions, require the bank holding company and its directors, officers, employees and agents not to engage in the activity to which the order applies and to take action to correct conditions resulting from that activity.  4. An order issued pursuant to this section becomes effective at the time specified in the order and remains effective as provided in it unless it is stayed, modified or set aside by the Commissioner or a reviewing court.  (Added to NRS by 1983, 931; A 1983, 1841; 1987, 1932)
NV Rev Stat § 666.185 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.185 - Temporary orders: Grounds; issuance; effectiveness.

  1. If the Commissioner determines that the existing or threatened activity specified in a notice of charges is likely to:  (a) Cause insolvency or substantial dissipation of the assets or earnings of a bank which is owned or controlled by the bank holding company; or  (b) Seriously prejudice the interests of the depositors in the bank,  the Commissioner may issue a temporary order requiring the bank holding company to cease and desist from the activity.  2. The temporary order becomes effective when served upon the bank holding company and remains effective until it is set aside by the Commissioner or a reviewing court or a permanent order is issued against the bank.  (Added to NRS by 1983, 931; A 1983, 1842; 1987, 1933)
NV Rev Stat § 666.195 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.195 - Temporary orders: Application for injunction limiting or setting aside order; application for injunction prohibiting violation.

  1. Within 10 days after a bank holding company has been served with a temporary order to cease and desist, the company may apply to the district court for the judicial district in which the company is located for an injunction limiting or setting aside the order until the hearing is held pursuant to the notice of charges.  2. If a bank holding company violates or threatens to violate a temporary order, the Commissioner may apply to the district court for the judicial district in which the bank holding company is located for an injunction prohibiting the company from violating the order.  (Added to NRS by 1983, 932; A 1983, 1842; 1987, 1933)
NV Rev Stat § 666.205 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.205 - Injunctions; civil penalty; divestiture by holding company in another state.

  1. The Commissioner may apply to the district court for an order compelling compliance with any provision of NRS 666.065 to 666.195, inclusive. The court may award the Commissioner the costs of bringing the action and attorney’s fees.  2. The Commissioner may bring an action against a person who violates a court order or injunction issued pursuant to this section or NRS 666.065 to 666.195, inclusive, to recover a civil penalty of not more than $10,000 for each violation.  3. The Commissioner may bring an action to require a holding company for a depository institution which acquired a depository institution in Nevada to divest itself of all interest in the acquired institution if the holding company violates:  (a) An order to cease and desist issued pursuant to NRS 666.175; or  (b) A court order or injunction issued pursuant to this section or NRS 666.065 to 666.195, inclusive.  (Added to NRS by 1983, 932; A 1983, 1843; 1984, 4; 1985, 2154; 1987, 1933, 2023)
NV Rev Stat § 666.215 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.215 - Penalties.

  1. A person who willfully violates any provision of NRS 666.145 is guilty of a category D felony and shall be punished as provided in NRS 193.130.  2. A person who willfully violates any provision of NRS 666.065 to 666.135, inclusive, or 666.155 to 666.205, inclusive, is guilty of a gross misdemeanor.  (Added to NRS by 1983, 932; A 1984, 4; 1995, 1315)
NV Rev Stat § 666.305 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.305 - Approval of Commissioner required before taking certain actions affecting depository institution or holding company whose home state is Nevada; penalty; injunctive relief.

  1. Unless the Commissioner gives prior written approval, no person may:  (a) Acquire, directly or indirectly, a depository institution or holding company whose home state is Nevada;  (b) Vote the stock of a depository institution or holding company acquired in violation of paragraph (a);  (c) Acquire, directly or indirectly, the voting or nonvoting securities of a depository institution or a holding company whose home state is Nevada if the acquisition would result in that person’s obtaining more than 20 percent of the authorized voting securities of the institution or company if the nonvoting securities were converted into voting securities; or  (d) Merge or consolidate with a depository institution or a holding company whose home state is Nevada.  2. Any person who willfully violates any provision of this section or any regulation adopted by the Commissioner pursuant to this section is guilty of a misdemeanor. Each day during which the violation continues constitutes a separate offense.  3. The Commissioner may obtain injunctive relief to prevent any change in control or impending violation of this section.  (Added to NRS by 1985, 2150; A 1987, 1934; 1995, 1559)
NV Rev Stat § 666.325 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.325 - Examination, supervision and regulation of interstate operations.

  1. The Commissioner may examine and supervise any out-of-state depository institution or holding company which has been authorized to do business in this state. Such institutions and holding companies are subject to regulation in the same manner as institutions and holding companies organized under the laws of this state and must pay the same fees for supervision and examination, except that the Commissioner may coordinate these activities with any state or federal agency that shares jurisdiction over the institution.  2. The Commissioner may coordinate the examination, supervision and regulation of any depository institution chartered by this state with the examination, supervision and regulation of an affiliated depository institution or branch operating in another state.  3. The Commissioner may take any reasonable and lawful action in furtherance of coordinating the regulation of interstate operations pursuant to this section, including:  (a) Negotiating and entering into cooperative agreements with an agency of another state or of the Federal Government;  (b) Sharing information and reports with an agency that shares jurisdiction over the institution;  (c) Accepting as sufficient examination reports and other information compiled or generated by or for an agency that shares jurisdiction over the institution;  (d) Contracting with an agency that shares jurisdiction over the institution to engage the services of its examiners at a reasonable rate of compensation;  (e) Offering the services of the Division’s examiners at a reasonable rate of compensation to an agency that shares jurisdiction over the institution;  (f) Collecting fees on behalf of, or receiving payment of fees through, an agency that shares jurisdiction over the institution;  (g) Cooperating in any other way with other supervisory agencies and professional associations to promote the efficient, safe and sound operation and regulation of interstate activities of depository institutions, including the formulation of interstate policies and procedures for examination and the drafting of model laws, rules and agreements; and  (h) Adopting regulations to carry out the provisions of this section.  (Added to NRS by 1985, 2152; A 1985, 2160; 1987, 1936, 2023; 1995, 1559)
NV Rev Stat § 666.355 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.355 - Authority of Commissioner to authorize or require acquisition of failing depository institution or failing holding company which controls depository institution.

If the Commissioner considers it necessary to protect depositors, creditors and other customers of a failing depository institution or a failing holding company which controls a depository institution, the Commissioner may solicit offers from and authorize or require the acquisition of the institution or company by or its merger with another institution or company.  (Added to NRS by 1985, 2153; A 1985, 2161; 1987, 1937, 2023; 1995, 1560)
NV Rev Stat § 666.365 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.365 - Rights, powers and privileges of acquired, acquiring or resulting depository institution or holding company.

Any depository institution or holding company which is acquired pursuant to NRS 666.355, the institution which acquired the depository institution or holding company pursuant to that section or the institution which results from a merger pursuant to that section has all rights, powers and privileges of any other depository institution in this state which is of the same class.  (Added to NRS by 1985, 2153; A 1985, 2161)
NV Rev Stat § 666.375 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.375 - Conditions for authorizing or requiring certain transactions involving out-of-state depository institution or out-of-state holding company.

The Commissioner may not authorize or require any transaction pursuant to NRS 666.355 involving an out-of-state depository institution or an out-of-state holding company, unless the Commissioner finds that:  1. The acquiring or merging depository institution or holding company has demonstrated an acceptable record of meeting the needs for credit of the communities which it serves; and  2. The acquiring or merging depository institution or holding company has a record of sound performance, adequate stockholders’ or members’ equity, financial capacity and efficient management so the acquisition or merger will not jeopardize the financial stability of the acquired or merged depository institution and will not be detrimental to the interests of depositors, creditors or other customers of the depository institution, or to the public.  (Added to NRS by 1985, 2153; A 1987, 1937; 1995, 1560; 1997, 1001)
NV Rev Stat § 666.390 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.390 - Authority and conditions for depository institution to act as agent for affiliated depository institution.

  1. A depository institution may, at its main office or at any branch, act as an agent of any other depository institution that is a subsidiary of the same holding company in conducting the activities authorized by this section. This section applies whether or not the affiliated depository institutions have the same home state.  2. A depository institution acting as an agent for an affiliated depository institution may:  (a) Receive deposits;  (b) Renew time deposits;  (c) Close loans;  (d) Service loans; and  (e) Receive payments on loans and other obligations.  3. A depository institution may not do any of the following as an agent on behalf of an affiliated depository institution:  (a) Open or originate deposit, savings or share accounts;  (b) Evaluate or approve loans;  (c) Disburse money loaned; or  (d) Conduct any activity as an agent that it is prohibited from conducting as a principal under any applicable law.  4. A depository institution acting as a principal may not have an affiliated depository institution act as its agent in conducting any activity that:  (a) The principal depository institution is prohibited from conducting; or  (b) The agent depository institution would be prohibited from conducting as a principal.  5. An agency between affiliates under this section must be consistent with safe and sound practices and shall comply with all applicable laws.  6. A depository institution acting as an agent shall not be deemed a branch of the affiliate solely because of activities conducted under this section.  7. A depository institution that proposes to enter into an agreement for an agency under this section shall file with the Commissioner, at least 30 days before the effective date of the agreement:  (a) A notice of intention to enter into an agreement for an agency with a depository institution;  (b) A description of the services proposed to be performed under the agreement; and  (c) A copy of the agreement.  (Added to NRS by 1995, 1553)
NV Rev Stat § 666.405 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.405 - Acquisition of Nevada depository institution for conversion to branch of out-of-state depository institution or out-of-state holding company; restrictions; exceptions.

  1. Except as otherwise provided in this section, an out-of-state depository institution without a branch in Nevada, or an out-of-state holding company without a depository institution in Nevada, may acquire a Nevada depository institution and convert the institution to a branch of the out-of-state depository institution or depository institution of the out-of-state holding company. If the Nevada depository institution is chartered after September 28, 1995, the Nevada depository institution may be so acquired only if it has been in existence for at least 5 years.  2. For the purposes of subsection 1:  (a) A depository institution chartered solely for the purpose of acquiring another depository institution shall be deemed to have been in existence for the same period as the depository institution to be acquired, as long as the acquiring depository institution does not open for business at any time before the acquisition.  (b) A bank that was originally chartered as a corporation or limited-liability company other than a depository institution shall be deemed to have been in existence for the period since a certificate of amendment of its articles of incorporation or organization was filed pursuant to NRS 659.035 to reorganize the corporation or limited-liability company as a bank.  (c) A bank that was originally chartered as a Nevada depository institution other than a bank shall be deemed to have been in existence for the period since the original articles of incorporation or organization of the depository institution were filed with the Secretary of State.  (d) If a Nevada depository institution becomes the successor in interest to the business of an out-of-state depository institution without a branch bank in this state that previously acquired a Nevada depository institution or to an out-of-state holding company without a branch bank in this state that previously acquired a Nevada depository institution, the Commissioner shall include the period of existence of the original Nevada depository institution when determining the period of existence of the successor Nevada depository institution.  3. If the Commissioner considers it necessary to protect depositors, creditors and other customers of a failing depository institution or a failing holding company which controls a depository institution, the Commissioner may authorize the acquisition of the institution or company by, or its merger with, another institution or company regardless of the duration of existence of the failing depository institution or failing holding company.  4. The restriction set forth in subsection 1 does not apply to an acquisition of, or merger between, affiliated depository institutions.  (Added to NRS by 1995, 1555; A 1997, 1002; 1999, 428)
NV Rev Stat § 666.410 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.410 - Establishment or acquisition of Nevada branch by out-of-state depository institution or out-of-state holding company.

  1. An out-of-state depository institution without a branch in Nevada or an out-of-state holding company without a depository institution in Nevada may not establish a de novo branch in this State or acquire, through merger or otherwise, a branch of a depository institution in Nevada without acquiring the institution itself or its charter, except that, with the written approval of the Commissioner:  (a) An out-of-state depository institution without a branch in Nevada may establish a branch office or acquire an existing branch in a county whose population is less than 100,000 without acquiring or merging with a Nevada depository institution or a Nevada holding company. Except as otherwise provided in subsection 2, an out-of-state depository institution that establishes or acquires a branch office pursuant to this paragraph continues to be considered an out-of-state depository institution without a branch in Nevada for the purposes of all other provisions of this chapter.  (b) An out-of-state depository institution without a branch in Nevada which is owned or controlled by a holding company that is entitled to the exemption set forth in section 4(c)(i) of the Bank Holding Company Act of 1956, as amended, 12 U.S.C. § 1843(c)(i), may acquire an existing branch in Nevada without acquiring or merging with a Nevada depository institution or a Nevada holding company.  2. An out-of-state depository institution that on or before April 1, 2007, has, pursuant to paragraph (a) of subsection 1, established or acquired, or been approved by the Commissioner to establish or acquire, a branch in a county whose population is less than 100,000, may establish or acquire a branch in a county whose population is 100,000 or more so long as the out-of-state depository institution continues to operate a branch in a county whose population is less than 100,000.  3. An out-of-state depository institution that establishes or acquires a branch office pursuant to this section may issue a credit card pursuant to the provisions of chapter 97A of NRS.  (Added to NRS by 1995, 1555; A 2005, 651; 2007, 654)
NV Rev Stat § 666.415 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.415 - Waiver of federal limits on concentration of deposits.

To the extent authorized by federal law, the Commissioner may waive any applicable federal limit on concentration of deposits if the Commissioner finds that the waiver promotes the availability of financial services or is otherwise in the public interest. The Commissioner may, by regulation, establish standards for granting a waiver pursuant to this section and the procedure for requesting a waiver. In making a decision to waive such a federally imposed limit, the Commissioner shall apply a standard that does not discriminate in purpose or effect against out-of-state depository institutions.  (Added to NRS by 1995, 1555)
NV Rev Stat § 666.420 (2021)
2021 Nevada Revised Statutes|Chapter 666 - Major Organizational Changes; Bank Holding Companies; Interstate Banking|NRS 666.420 - Reports by out-of-state depository institution or holding company.

The Commissioner may, by regulation, require an out-of-state depository institution or holding company to submit such reports or permit the submission of such reports prepared pursuant to federal law as, in the Commissioner’s discretion, contain sufficient information pertinent to operations in Nevada of branches of the institution or of depository institutions of the holding company.  (Added to NRS by 1995, 1556)