reglab/housing_qa huggingface dataset:
NV Rev Stat § 672.282 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.282 - 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, 1889) — (Substituted in revision for NRS 678.282)
NV Rev Stat § 672.284 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.284 - Suspension or revocation of license: Additional grounds.

In addition to any other lawful reasons, the Commissioner may suspend or revoke a license if the licensee has engaged in any act that would be grounds for denying a license pursuant this chapter.  (Added to NRS by 2005, 1890) — (Substituted in revision for NRS 678.284)
NV Rev Stat § 672.286 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.286 - 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, 1890) — (Substituted in revision for NRS 678.286)
NV Rev Stat § 672.288 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.288 - Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses.

  1. For the purpose of discovering violations of this chapter or of securing information lawfully required under this chapter, the Commissioner or his or her duly authorized representatives may at any time investigate the business and examine the books, accounts, papers and records used therein of:  (a) Any credit union;  (b) Any other person engaged in an activity for which a license is required pursuant to the provisions of this chapter; and  (c) Any person whom the Commissioner has reasonable cause to believe is violating or is about to violate any provision of this chapter, whether or not the person claims to be within the authority or beyond the scope of this chapter.  2. For the purpose of examination, the Commissioner or his or her authorized representatives shall have and be given free access to the offices and places of business, files, safes and vaults of such persons.  3. The Commissioner may require the attendance of any person and examine him or her under oath regarding:  (a) Any transaction or business regulated pursuant to the provisions of this chapter; or  (b) The subject matter of any audit, examination, investigation or hearing.  (Added to NRS by 2005, 1890) — (Substituted in revision for NRS 678.288)
NV Rev Stat § 672.290 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.290 - Credit Union Advisory Council.

  1. The Credit Union Advisory Council, consisting of five members appointed by the Governor, is hereby created to consult with, advise and make recommendations to the Commissioner in all matters pertaining to credit unions.  2. The Governor shall appoint members who have tested credit union experience from a list of recommended names submitted by the Nevada Credit Union League.  3. After the initial terms, members serve terms of 4 years, except when appointed to fill unexpired terms.  4. The Chair of the Advisory Council must be elected annually by and from the members thereof.  5. The meetings of the Advisory Council may be held at such times and places as the Chair or Commissioner determines and may be held regularly at least once every 6 months.  6. Council members are entitled to receive a salary of $60 for each day’s attendance at a meeting of the Council.  (Added to NRS by 1975, 378; A 1977, 1263; 1981, 71, 1996; 1983, 1449, 1831; 1985, 447; 1987, 2013) — (Substituted in revision for NRS 678.290)
NV Rev Stat § 672.295 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.295 - Applicability of provisions concerning Regulatory Experimentation Program for Product Innovation. [Effective January 1, 2020.]

Except as otherwise required by the Director of the Department of Business and Industry pursuant to NRS 657A.430 or 657A.620, the provisions of this chapter do not apply to a participant in the Regulatory Experimentation Program for Product Innovation established and administered pursuant to chapter 657A of NRS.  (Added to NRS by 2019, 4000, effective January 1, 2020)
NV Rev Stat § 672.300 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.300 - Requirement of incorporation; exceptions; applicability of NRS 81.410 to 81.540, inclusive; perpetual existence.

  1. Except for a credit union organized under the Federal Credit Union Act or a foreign credit union which has been issued a certificate of authority by the Commissioner, any credit union whose principal business is to borrow, loan and invest money on behalf of its members and which issues membership certificates must be incorporated under the provisions of this chapter. For that purpose, the provisions of NRS 81.410 to 81.540, inclusive, which are not in conflict with the provisions of this chapter, apply to such corporations and to the officers and stockholders thereof, except as otherwise provided in NRS 672.342 to 672.347, inclusive.  2. A credit union organized under the provisions of this chapter has perpetual existence, subject to dissolution as provided in this chapter.  (Added to NRS by 1975, 379; A 1977, 890; 1983, 2015; 1985, 315; 1987, 2014) — (Substituted in revision for NRS 678.300)
NV Rev Stat § 672.310 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.310 - Procedure for incorporation; fees set by regulation.

  1. The Secretary of State shall not issue any certificate of incorporation to any credit union authorizing it to do business in this state until the articles of incorporation are approved by the Commissioner.  2. An amendment to the articles of incorporation may not be filed by the Secretary of State without the written approval of the Commissioner.  3. Not less than seven persons who are residents of Nevada, have a common bond and are of legal age who desire to organize a credit union under this chapter shall first execute in triplicate an application, upon forms to be issued by the Commissioner, for permission to organize an association. The applicants shall submit with or include in their application:  (a) A copy of the articles of incorporation which must comply with the provisions of NRS 81.440 except where those provisions conflict with the provisions of this chapter.  (b) The par value of the shares, which must be $5 or some multiple thereof.  (c) The names and addresses of the applicants and an itemized account of the financial condition of the applicants and the proposed credit union.  (d) The name, which must include the words "credit union," and the principal place of business.  (e) Any additional information which the Commissioner may require to determine the character and responsibility of the applicants and the need for a credit union in the community to be served.  The incorporators shall submit a set of proposed bylaws to the Commissioner with their application and the bylaws when approved by the Commissioner are effective upon filing the articles of incorporation. The Commissioner shall approve or disapprove the application within 30 days following its receipt.  4. Every application for permission to organize, as provided for in this section, must be accompanied by an application fee and a fee payment to cover expenses attendant upon the investigation required for approval. The amount of the fees must be established by regulation adopted by the Commissioner.  5. The subscribers for a credit union charter shall not transact any business until formal approval of the charter has been received.  (Added to NRS by 1975, 379; A 1977, 890; 1983, 1639, 1831, 2016; 1987, 2014) — (Substituted in revision for NRS 678.310)
NV Rev Stat § 672.320 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.320 - Amendment of articles of incorporation; bylaws.

  1. The articles of incorporation or bylaws may be amended as provided in the bylaws. Any amendment to the articles of incorporation or bylaws do not become effective until approved in writing by the Commissioner.  2. The Commissioner shall not charge any fee for approving amendments to the articles of incorporation or bylaws of any credit union organized pursuant to this chapter.  (Added to NRS by 1975, 380; A 1977, 891; 1983, 1832; 1987, 2015) — (Substituted in revision for NRS 678.320)
NV Rev Stat § 672.330 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.330 - Offices; principal place of business.

  1. A credit union may maintain, with the approval of the Commissioner, offices at locations other than its main office if the maintenance of the offices is reasonably necessary to furnish service to its members.  2. A credit union may change its principal place of business within this state upon providing written notice to the Division of Financial Institutions.  3. A credit union may share office space with one or more credit unions and contract with a corporation to provide facilities or personnel.  (Added to NRS by 1975, 380; A 1983, 1832; 1987, 2015) — (Substituted in revision for NRS 678.330)
NV Rev Stat § 672.340 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.340 - Fiscal year.

The fiscal year of all credit unions organized under this chapter shall end on the last day of December.  (Added to NRS by 1975, 380) — (Substituted in revision for NRS 678.340)
NV Rev Stat § 672.342 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.342 - Certificate of authority required.

No credit union organized under the laws of another state may commence or transact any business or maintain an office in this state without first obtaining a certificate of authority from the Commissioner.  (Added to NRS by 1983, 2014; A 1983, 1645; 1987, 2015) — (Substituted in revision for NRS 678.342)
NV Rev Stat § 672.343 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.343 - Application for certificate of authority: Filing; form; contents; withdrawal of application.

Each application for an initial certificate of authority submitted by a foreign credit union must be filed with the Commissioner on a form prescribed by him or her and must include:  1. A copy of the instrument or authority by which the credit union was created and a copy of its bylaws.  2. A statement of its membership, if not contained in its bylaws.  3. A copy of the most recent report submitted by the credit union to the authorized officer of the state in which it was organized.  4. Any other information required by the Commissioner.  5. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 12 months 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 1983, 2014; A 1983, 1646; 1987, 177, 2015; 2005, 1890) — (Substituted in revision for NRS 678.343)
NV Rev Stat § 672.3435 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.3435 - Fee for initial investigation; annual fees; costs for additional investigations; regulations.

  1. The Commissioner shall charge and collect a fee of not more than $1,000 for an initial investigation from each foreign credit union which applies for certification. The fee is not refundable. An annual fee of not more than $1,000 must be paid by each foreign credit union for its initial office and not more than $200 for each branch office. Costs for additional examinations and investigations must be paid by the credit union to the Commissioner at the rate established and, if applicable, adjusted pursuant to NRS 658.101.  2. Except as otherwise provided in NRS 658.101, the Commissioner shall by regulation determine the amount of the fees required pursuant to this section.  (Added to NRS by 1987, 177; A 2005, 1891; 2017, 402) — (Substituted in revision for NRS 678.3435)
NV Rev Stat § 672.344 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.344 - Requirements for issuance of certificate.

The Commissioner shall issue a certificate of authority to a foreign credit union if he or she is satisfied that:  1. The members of the credit union to be served in this State are adequately protected by any form of security which is comparable to that required of credit unions organized under the provisions of this chapter.  2. The officer who supervises the credit union in the state in which it was organized has authorized it to do business in Nevada and agrees to furnish, upon request, copies of reports relating to the credit union.  3. The members to be served in this State have a need for the service and adequate service is not available through existing credit unions.  4. A registered agent has been designated.  5. The state in which the credit union was organized issues comparable authorization to credit unions organized under the provisions of this chapter.  (Added to NRS by 1983, 2014; A 1983, 1646; 1985, 784; 1987, 2015; 2007, 2727) — (Substituted in revision for NRS 678.344)
NV Rev Stat § 672.345 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.345 - Applicable law; filing of annual report.

A foreign credit union which has been issued a certificate of authority shall:  1. Serve its members in this state in accordance with its bylaws and the laws of the state in which it was organized, except where those laws conflict with the provisions of this chapter.  2. File with the Commissioner a copy of its annual report at the time it files a similar report with the officer of the state in which it was organized.  (Added to NRS by 1983, 2014; A 1983, 1646; 1987, 2016) — (Substituted in revision for NRS 678.345)
NV Rev Stat § 672.3455 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.3455 - Application for certificate of authority to open branch offices.

A foreign credit union which has been issued a certificate of authority may apply to the Commissioner for a certificate of authority to open one or more branch offices in this state. Such an application must be made on a form prescribed by the Commissioner.  (Added to NRS by 1987, 177) — (Substituted in revision for NRS 678.3455)
NV Rev Stat § 672.346 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.346 - Examination of records; revocation of certificate.

The Commissioner may:  1. Examine the records of any foreign credit union which holds a certificate of authority issued by the Commissioner at any time he or she deems necessary.  2. Revoke a certificate of authority issued to a credit union if he or she finds that the credit union has violated any provision of this chapter or the regulations of the Commissioner.  (Added to NRS by 1983, 2015; A 1983, 1647; 1987, 2016) — (Substituted in revision for NRS 678.346)
NV Rev Stat § 672.347 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.347 - Applicability of provisions of chapter 80 of NRS.

The provisions of chapter 80 of NRS which are not in conflict with the provisions of this chapter apply to any foreign credit union which holds a certificate of authority to transact business or maintain an office in this State.  (Added to NRS by 1983, 2015) — (Substituted in revision for NRS 678.347)
NV Rev Stat § 672.350 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.350 - Board of directors: Number, election and terms of members; procedure for filling vacancy.

  1. The business affairs of a credit union shall be directed by an odd-numbered board of not fewer than five directors to be elected at the annual meetings by and from the members, and an audit and credit committee if appointed by the board. The persons designated in the articles of incorporation shall be the first directors.  2. All members of the board and such committees shall hold office for such terms as the bylaws may provide.  3. Vacancies in the board of directors shall be filled by vote of the members at the annual meeting or at a special meeting called for that purpose. The board may fill any vacancies occurring in the board until successors elected at the annual meeting or special meeting have qualified. The board shall also fill vacancies in the credit and audit committees.  (Added to NRS by 1975, 380) — (Substituted in revision for NRS 678.350)
NV Rev Stat § 672.360 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.360 - Board of directors: Responsibilities; meetings; executive committee.

  1. The board of directors is responsible for the general direction of the affairs, funds and records of the credit union and shall meet as often as necessary to accomplish their duties, but not less than once a month.  2. The board may appoint an executive committee of not less than three directors who may be authorized, by a majority vote of the whole board, to act for the board subject to any conditions or limitations the board may prescribe.  (Added to NRS by 1975, 380) — (Substituted in revision for NRS 678.360)
NV Rev Stat § 672.370 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.370 - Board of directors: Duties.

The directors of a credit union shall:  1. Purchase a blanket fidelity bond in accordance with the regulations of the Commissioner which provides the credit union with protection against losses from misappropriation, defalcation in breach of trust, negligence, acts of God or nature, fire, burglary, robbery or other cause over which the bonded officers, employers and agents had no control;  2. Declare dividends in the manner prescribed in the bylaws;  3. Determine the interest rate to be charged on loans and paid on deposits;  4. Limit the number of shares and the amount of deposits which may be owned by any member;  5. Establish the compensation of all employees and officers;  6. Establish the maximum secured and unsecured loan which may be made to any one member;  7. Designate a depository or depositories for the money of the credit union;  8. Suspend or remove any member who fails to perform or negligently performs his or her assigned duties;  9. Establish compensation to be paid any employee, officer or other persons performing services on behalf of the credit union;  10. Determine from time to time the interest rate, consistent with the provisions of this chapter, which will be charged on loans; and  11. Authorize interest refunds to members from income earned and received in proportion to interest paid by them on such classes of loans. Such refunds are subject to conditions imposed by the board.  (Added to NRS by 1975, 380; A 1983, 1833; 1987, 2016) — (Substituted in revision for NRS 678.370)
NV Rev Stat § 672.380 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.380 - Board of directors: Powers.

The directors may:  1. Act upon applications for membership or appoint membership officers from the members of the credit union to act upon membership applications subject to conditions imposed by the board. If membership officers are appointed they shall submit at each board meeting a list of approved or pending applications for membership.  2. Invest surplus funds or designate an officer or committee to be responsible for making investments subject to rules and procedures established by the board of directors.  3. Authorize the employment of persons necessary to carry on the business of the credit union.  4. Authorize the conveyance of property.  5. Borrow or lend money to carry on the functions of the credit union.  6. Appoint any special committees which the board feels necessary to carry on the business of the credit union.  7. Perform or authorize any action not inconsistent with this chapter and not specifically reserved by the bylaws for the members.  8. Employ a general manager to be in charge of operations or, in lieu thereof, designate the treasurer to act as general manager and be in active charge of the affairs of the credit union.  9. Amend the bylaws of the credit union.  (Added to NRS by 1975, 381) — (Substituted in revision for NRS 678.380)
NV Rev Stat § 672.390 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.390 - Appointment of audit committee: Duties; powers; suspension of member; employment of certified public accountant.

  1. The board may appoint an audit committee to make an annual audit of the financial records of the credit union and any interim audits as may be deemed necessary by the board or as may be directed by the Commissioner. A copy of the report must be submitted to the board and the Commissioner and a summary presented to the members at the next annual meeting.  2. The audit committee may by unanimous vote suspend any director, officer or member of the credit union following an audit, for any violation of this chapter, the charter or bylaws or for any other practice which the audit committee deems to be unsafe or unauthorized. In such cases, the audit committee shall call a special meeting of the members not less than 7 nor more than 21 days following the suspension and the suspension must be ratified or overturned by the members.  3. Any member of the audit committee may be suspended by the board for the same reasons and in the same manner as provided in subsection 2.  4. The audit committee may by a majority vote call a special meeting of the members to consider any violation of this chapter, the charter or bylaws or any practice of the credit union deemed by the audit committee to be unsafe or unauthorized.  5. The board of directors or the audit committee may employ the services of a certified public accountant to complete the necessary audit of the records of the credit union.  (Added to NRS by 1975, 381; A 1981, 1813; 1983, 1640, 1833, 2016; 1987, 2017; 2017, 3486) — (Substituted in revision for NRS 678.390)