reglab/housing_qa huggingface dataset:
NV Rev Stat § 672.750 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.750 - Insurance of members and accounts.

  1. A credit union may purchase insurance on the lives of its members in an amount equal to their respective shares, deposits and balances on a loan or any of them.  2. A credit union may enter into cooperative marketing arrangements for its members covering such services as group life insurance, coverage for temporary disability, plans for health and accident and such other programs which are demonstrated to be in the interest of improving the economic and social conditions of the credit union’s members.  3. A credit union must apply to the Commissioner for approval of a plan of insurance for members’ accounts, either pursuant to the Federal Credit Union Act of 1934, as amended, (12 U.S.C. §§ 1781 et seq.), or under a contract of insurance issued by an insurer, which must be approved by the Commissioner and the Commissioner of Insurance pursuant to NRS 672.755. The issuance of such a contract is not transacting insurance under title 57 of NRS.  4. The Commissioner shall make available reports of the financial condition of credit unions, reports of examinations made pursuant to NRS 672.790 and any other reports that may be required by the insurer and deemed appropriate by the Commissioner.  (Added to NRS by 1975, 389; A 1981, 1814; 1983, 1836; 1985, 785; 1987, 2019) — (Substituted in revision for NRS 678.750)
NV Rev Stat § 672.755 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.755 - Approval of private insurer and contract of insurance; regulations; reserve.

  1. In determining whether a private insurer is acceptable to issue a contract for the insurance of deposits, the Commissioner and the Commissioner of Insurance must consider:  (a) The value of the insurer’s capital.  (b) The ratio of the insurer’s assets, including reinsurance, which are readily available to cover any losses incurred by depositors, to its insured deposits. This ratio must be adequate to reimburse depositors for any losses which they may incur and may not be less than the ratio maintained by the share insurance fund established under the Federal Credit Union Act of 1934, as amended, (12 U.S.C. §§ 1781 et seq.).  (c) The qualifications of the directors, officers and managers of the insurance company.  (d) The insurer’s articles of incorporation and its bylaws and all amendments thereto.  (e) The insurer’s policies for investments.  (f) The form of all insurance contracts entered into by the insurer, including contracts for reinsurance.  (g) The insurer’s requirements for premiums or deposits.  (h) The insurer’s policies for the management of risk.  (i) Such other considerations as the Commissioner may provide by regulation which are necessary to carry out the provisions of chapter 248, Statutes of Nevada 1985.  2. The Commissioner and the Commissioner of Insurance shall not approve a contract of insurance unless the protection afforded thereby to the depositors is substantially equivalent to the protection afforded by the Federal Credit Union Act of 1934, as amended, (12 U.S.C. §§ 1781 et seq.) to the depositors.  3. After a private insurer obtains the approval of the Commissioner and the Commissioner of Insurance, the Commissioner, after consultation with the Commissioner of Insurance may, for cause, require the insurer to establish and maintain for such a time as the Commissioner may require, a reserve, in cash or United States treasury bills or notes, in an amount fixed by the Commissioner. If required, the reserve must be kept in an account approved by the Commissioner in a federally insured financial institution located in this state.  (Added to NRS by 1985, 783; A 1987, 2019) — (Substituted in revision for NRS 678.755)
NV Rev Stat § 672.760 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.760 - Authorized investments.

Money not used in loans to members may be invested in:  1. Securities, obligations, participations or other instruments of or issued by or fully guaranteed as to principal and interest by the United States of America or any agency thereof or in any trust or trusts established for investing directly or collectively in these instruments;  2. Obligations of this state or any political subdivision thereof, including, without limitation, a city, county or school district;  3. Certificates of deposit or passbook type accounts issued by a state or national bank, mutual savings bank, savings and loan association or savings bank;  4. Loans to or shares or deposits of other credit unions as permitted by the bylaws;  5. Capital shares, obligations or preferred stock issues of any agency or association organized either as a stock company, mutual association or membership corporation if the membership or stockholdings, as the case may be, of the agency or association are confined or restricted to credit unions or organizations of credit unions, and the purposes for which the agency or association is organized are designed to service or otherwise assist credit union operations;  6. Shares of a cooperative society organized under the laws of this state or the United States in a total amount not exceeding 10 percent of the shares, deposits and surplus of the credit union;  7. Stocks and bonds of United States corporations to a maximum of 5 percent of unallocated reserves, except that such an investment must be limited to stocks or bonds yielding income which are approved by the Commissioner;  8. Loans to any credit union association, national or state, of which the credit union is a member, except that such an investment must be limited to 1 percent of the shares, capital deposits and unimpaired surplus of the credit union; and  9. Negotiable obligations of federal or state banks.  (Added to NRS by 1975, 389; A 1981, 1815; 1983, 1280, 1641, 1836; 1987, 2020; 1989, 1675; 1999, 1454; 2013, 1251) — (Substituted in revision for NRS 678.760)
NV Rev Stat § 672.765 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.765 - Limitation on investment in fixed assets.

A credit union must not invest in fixed assets without the prior approval of the Commissioner if the aggregate value of the credit union’s existing fixed assets exceeds 7 percent of its total assets.  (Added to NRS by 1985, 783; A 1987, 2021) — (Substituted in revision for NRS 678.765)
NV Rev Stat § 672.767 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.767 - Definitions.

As used in NRS 672.767 to 672.779, inclusive, unless the context otherwise requires, the words and terms defined in NRS 672.769 to 672.777, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2007, 1494) — (Substituted in revision for NRS 678.767)
NV Rev Stat § 672.769 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.769 - "Designated reporter" defined.

Designated reporter means a person designated by a credit union to receive reports of known or suspected exploitation of an older person or vulnerable person pursuant to NRS 672.779.  (Added to NRS by 2007, 1494) — (Substituted in revision for NRS 678.769)
NV Rev Stat § 672.771 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.771 - "Exploitation" defined.

Exploitation has the meaning ascribed to it in NRS 200.5092.  (Added to NRS by 2007, 1494; A 2015, 841) — (Substituted in revision for NRS 678.771)
NV Rev Stat § 672.773 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.773 - "Older person" defined.

Older person has the meaning ascribed to it in NRS 200.5092.  (Added to NRS by 2007, 1494; A 2015, 841) — (Substituted in revision for NRS 678.773)
NV Rev Stat § 672.775 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.775 - "Reasonable cause to believe" defined.

Reasonable cause to believe has the meaning ascribed to it in NRS 200.50925.  (Added to NRS by 2007, 1494) — (Substituted in revision for NRS 678.775)
NV Rev Stat § 672.777 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.777 - "Vulnerable person" defined.

Vulnerable person has the meaning ascribed to it in NRS 200.5092.  (Added to NRS by 2007, 1494; A 2015, 841) — (Substituted in revision for NRS 678.777)
NV Rev Stat § 672.778 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.778 - Training; reporting to designated reporter.

  1. Each credit union shall provide training concerning the identification and reporting of the suspected exploitation of an older person or vulnerable person to each employee of the credit union who:  (a) May, as part of his or her regular duties for the credit union, 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 employee is employed by the credit union.  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 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, 1494) — (Substituted in revision for NRS 678.778)
NV Rev Stat § 672.779 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.779 - Designated reporter: Designation; duty to report; immunity.

  1. Each credit union shall designate a person or persons to whom an employee of the credit union must report known or suspected exploitation of an older person or vulnerable person.  2. If an 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 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, 1495; A 2019, 3502) — (Substituted in revision for NRS 678.779)
NV Rev Stat § 672.780 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.780 - Annual financial report.

Every credit union organized under this chapter shall submit an annual financial report for the calendar year to the Commissioner on or before the first day of February on forms supplied by him or her for that purpose.  (Added to NRS by 1975, 390; A 1983, 1328, 1837; 1987, 2021) — (Substituted in revision for NRS 678.780)
NV Rev Stat § 672.790 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.790 - Examinations and audits; exceptions; fees.

  1. The Commissioner shall make a thorough examination of and into the affairs of each credit union organized under the provisions of this chapter, as often as the Commissioner may deem necessary, but at least once within each 18-month period. In lieu thereof, the Commissioner may accept any or all of a report of an examination of a credit union made by a federal regulatory agency. If the Commissioner accepts any part of such a report in one 18-month period, he or she shall examine the credit union to which the report pertains in the succeeding 18-month period. For the purpose of performing the examination, the Commissioner may:  (a) Subpoena witnesses and documents;  (b) Administer oaths; and  (c) Compel the giving of testimony.  2. The report of the examination must contain comments to the members relative to the management of the affairs of the credit union and the general condition of the assets. Within 30 days following the receipt of the report, the directors shall call a general meeting of key personnel to consider matters contained in the report.  3. The Commissioner shall forward a copy of the report to the chair of each credit union within 30 days after it is completed. The board of directors shall inform the members of the credit union of its general condition at the next annual meeting.  4. For each examination the credit union shall pay a fee based on the rate established and, if applicable, adjusted pursuant to NRS 658.101.  5. The board of directors may engage a certified public accountant to perform such an examination in lieu of the Commissioner. In such cases, the examination must be equivalent to the type of examination made by the Commissioner and the expense must be borne by the credit union being inspected.  6. The Commissioner shall determine whether an examination performed by an accountant pursuant to subsection 5 is equivalent to an examination conducted by the Commissioner. The Commissioner may examine any area of the operation of a credit union if the Commissioner determines that the examination of that area is not equivalent to an examination conducted by the Commissioner.  (Added to NRS by 1975, 391; A 1983, 2018; 1987, 2227; 1989, 1676; 2005, 1891; 2017, 402) — (Substituted in revision for NRS 678.790)
NV Rev Stat § 672.795 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.795 - Independent audit and examination: Payment of assessment; cooperation.

Each credit union shall pay the assessment levied pursuant to NRS 658.055 and cooperate fully with the audits and examinations performed pursuant thereto.  (Added to NRS by 1987, 827) — (Substituted in revision for NRS 678.795)
NV Rev Stat § 672.810 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.810 - Conversions; fee set by regulation.

  1. A credit union chartered in accordance with the laws of this state may be converted to a credit union chartered in accordance with the laws of any other state or the laws of the United States, subject to regulations adopted by the Commissioner.  2. A credit union chartered in accordance with the laws of the United States or of any other state may convert to a credit union chartered in accordance with the laws of this state. To effect such a conversion, a credit union must comply with all the requirements of the authority under which it was originally chartered and the requirements of the Commissioner and file proof of such compliance with the Commissioner.  3. Every application for permission to convert to a credit union chartered in accordance with the laws of this state must be accompanied by an application fee in an amount prescribed by regulation of the Commissioner. 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 subsection must be placed in the Investigative Account created by NRS 232.545.  (Added to NRS by 1975, 393; A 1983, 1329, 1838; 1987, 2022; 1991, 1818) — (Substituted in revision for NRS 678.810)
NV Rev Stat § 672.820 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.820 - Voluntary dissolution.

  1. At a meeting called to consider dissolution, the membership may vote to dissolve a credit union if notice of the meeting is mailed to the members at least 10 days prior thereto. Any member who is not present at the meeting may, within 20 days after the meeting, vote by signing a form furnished by the Division and filing the form with the secretary of the credit union. An affirmative vote of a majority of the members who vote at the meeting or by filing the form is required to dissolve the credit union.  2. If the members vote to dissolve, the credit union shall, except for the purpose of liquidation, cease its business operations immediately.  3. The chair shall, within 5 days after an affirmative vote to dissolve the credit union, notify the Division by mail of the credit union’s intention to liquidate and include with the notice a list of the names and addresses of the directors and officers.  (Added to NRS by 1975, 391; A 1983, 2020) — (Substituted in revision for NRS 678.820)
NV Rev Stat § 672.830 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.830 - Involuntary dissolution: Suspension of operations; corrective actions; declaration of insolvency; liquidation.

  1. If the Division determines that any credit union organized pursuant to the provisions of this chapter is bankrupt or insolvent, has willfully violated the provisions of this chapter or is operating in an unsafe or unsound manner, the Division may, if emergency action is required to protect the assets of the members, issue an order temporarily suspending the credit union’s operations. Reasonable notice of the suspension of operations and of the impending hearing shall be given to the board. Operations of the credit union shall cease upon receipt of notice from the Division.  2. At the scheduled hearing, the board shall, if it desires to continue operations, submit a plan of corrective actions. If the board desires, it may, prior to the hearing, request the Commissioner to declare the credit union insolvent and appoint a liquidating agent.  3. If the credit union is not represented at the scheduled hearing or the Division rejects the credit union’s plan to continue operations, the Commissioner may appoint a liquidating agent and dissolve the credit union.  (Added to NRS by 1975, 391; A 1977, 96) — (Substituted in revision for NRS 678.830)
NV Rev Stat § 672.835 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.835 - Involuntary dissolution: Appointment of liquidating agent for credit union closed by bankruptcy or insolvency.

If a credit union is closed because of bankruptcy or insolvency, the Commissioner may appoint a liquidating agent.  (Added to NRS by 1975, 389; A 1981, 1814; 1983, 1836; 1985, 785; 1987, 2019) — (Substituted in revision for NRS 678.835)
NV Rev Stat § 672.840 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.840 - Procedure for liquidation.

  1. A liquidating credit union shall continue in existence for the purpose of discharging its debts, collecting and distributing its assets, and doing any other acts required to wind up its business.  2. The board or, in the case of involuntary dissolution, the liquidating agent, shall pay from the assets, the obligations of the credit union in the following order:  (a) Expenses incidental to liquidation including any surety bond that may be required.  (b) Any liability due to nonmembers.  (c) Deposits and savings club accounts.  If any assets remain, they shall be distributed to the members proportionately to the number of shares held by each member as of the date dissolution was approved by the members or ordered by the Commissioner.  3. As soon as the board or the liquidating agent determines that all assets from which there is a reasonable expectancy of realization have been liquidated and distributed as set forth in this section, he or she shall execute a certificate of dissolution on a form provided by the Division and shall file such form with the proper recording authority within the county in which the credit union has its principal place of business. After filing or recording, and indexing the original form shall be forwarded to the Division and upon its receipt and filing such credit union shall be officially dissolved.  (Added to NRS by 1975, 392) — (Substituted in revision for NRS 678.840)
NV Rev Stat § 672.850 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.850 - Organization and operation; rights and powers.

  1. A central credit union may be organized and operated under the provisions of this chapter by any three credit unions incorporated within this state. A central credit union is subject to all provisions not inconsistent with this section and shall use the term "central" in its official name.  2. A central credit union has all the rights and powers of any other credit union organized under this chapter and, in addition, a central credit union may:  (a) Make loans to other credit unions;  (b) Purchase shares and make deposits in other credit unions;  (c) Obtain the assets and liabilities of any credit union operating in this state which enters into liquidation;  (d) Invest in and grant loans to associations of credit unions or organizations chartered to provide exclusive service to credit unions; and  (e) Borrow money from any source and issue notes or debentures.  (Added to NRS by 1975, 393; A 1977, 891) — (Substituted in revision for NRS 678.850)
NV Rev Stat § 672.860 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.860 - Membership.

The membership for a central credit union may consist of:  1. Credit unions;  2. The Nevada Credit Union League, Inc.; and  3. Organizations affiliated with the Nevada Credit Union League, Inc.  (Added to NRS by 1975, 393; A 1977, 892) — (Substituted in revision for NRS 678.860)
NV Rev Stat § 672.870 (2021)
2021 Nevada Revised Statutes|Chapter 672 - Credit Unions|NRS 672.870 - Voting representatives.

  1. The board of each credit union that becomes a member of a central credit union shall designate one person to be its voting representative in the central credit union.  2. The voting representative of a member credit union is eligible to hold office in the central credit union.  (Added to NRS by 1975, 393; A 1977, 892) — (Substituted in revision for NRS 678.870)