reglab/housing_qa huggingface dataset:
NV Rev Stat § 657A.340 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.340 - Period of testing. [Effective January 1, 2020.]

Unless a timely request for an extension of the period of testing is made and approved pursuant to NRS 657A.350:  1. The period of testing for a financial product or service ends 2 years after the date of the notice given pursuant to NRS 657A.420.   2. Except as otherwise provided in this subsection, the participant shall, within 60 days after the end of the period of testing, wind down the test and cease offering or providing the product or service. If the product or service entails the performance of any ongoing duty or function, such as the servicing of a loan, the participant shall continue to perform or contract with another person for the continued performance of the duty or function.  (Added to NRS by 2019, 3991, effective January 1, 2020)
NV Rev Stat § 657A.350 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.350 - Request for extension of period of testing: Procedure; requirements; approval or denial by Director; report on extension. [Effective January 1, 2020.]

  1. A participant may request an extension of the period of testing to apply for any license or other authorization required for the financial product or service by any statute or regulation of this State. A participant who desires such an extension must submit a written request to the Director not less than 30 days before the end of the period of testing.   2. The Director shall:  (a) Approve or deny the requested extension before the end of the prescribed period of testing; and  (b) Give written notice of the approval or denial as provided in NRS 657A.420.   3. Only one extension of the period of testing may be granted pursuant to this section. Any such extension must not exceed 1 year in duration.   4. A participant who obtains an extension shall report periodically to the Director, in writing, on the status of the efforts of the participant to obtain a license or other authorization. The first such report must be submitted within 90 days after the date of the notice described in subsection 2, and subsequent reports must be submitted at intervals of not more than 90 days until the application of the participant for a license or other authorization is finally approved or finally denied by the applicable regulator.  (Added to NRS by 2019, 3991, effective January 1, 2020)
NV Rev Stat § 657A.400 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.400 - Application to participate; requirements for application; fee. [Effective January 1, 2020.]

  1. A person who desires to participate in the Program to test a financial product or service must submit a written application in accordance with this section, in the form prescribed by the Director. A separate application must be filed for each product or service proposed for testing.   2. The application must show that the applicant will at all times during the test:  (a) Be subject to the exercise of personal jurisdiction by the courts of this State; and  (b) Establish and maintain a physical or virtual location that is reasonably accessible to the Director, from which testing will occur and at which all records, documents and data required by this chapter will be maintained.   3. The application must include:  (a) A description of the product or service proposed for testing and an explanation of:  (1) The innovation included in the product or service;  (2) The regulatory scheme otherwise applicable to the product or service outside the Program;  (3) Any benefit of the product or service to consumers;  (4) Any risk of financial loss or other harm to consumers associated with the product or service;  (5) The nature or features of the product or service that distinguish it from any similar product or service available in this State; and  (6) The manner in which participation in the Program will facilitate a successful test of the product or service;  (b) A statement of the proposed plan for testing the product or service, including:  (1) An estimate of the dates or periods of time anticipated for entry into and exit from the relevant market in this State;  (2) Measures to protect consumers from financial loss or other harm caused by a failure of the test; and  (3) The plan to wind up and terminate the test;  (c) The full legal name, address, telephone number, electronic mail address and website address of the applicant and, if the applicant is not a natural person, each officer, director or other principal of the applicant;  (d) A description of any criminal conviction and any final administrative suspension, revocation or termination of a professional or occupational license of the applicant and any other person described in paragraph (c) if such a conviction or suspension, revocation or termination occurred in this State or another jurisdiction within the 5 years immediately preceding the date of the application;  (e) The consent of the applicant to the provisions for choice of law and provisions for the selection of a forum as prescribed by the Director; and  (f) Any other information deemed necessary by the Director.  4. The application must be submitted to the Director and be accompanied by a nonrefundable fee of not more than $1,000. The Director shall account separately for the money received from fees collected pursuant to this section and use that money solely to pay the expenses of administering the Program.  (Added to NRS by 2019, 3986, effective January 1, 2020)
NV Rev Stat § 657A.410 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.410 - Director may refuse incomplete application; applicant required to provide additional information upon request; Director required to consult with certain regulators; timeline to approve or deny application. [Effective January 1, 2020.]

  1. The Director may refuse to consider any application submitted pursuant to NRS 657A.400 if the application does not include the information required by NRS 657A.400 or any other information deemed necessary by the Director. The applicant shall provide, within the period directed by the Director, any additional information required in connection with the application. If the required information is not provided, the application may be denied by the Director as incomplete.  2. Upon receipt of a completed application and payment of the required fee, the Director shall identify and consult with each applicable regulator having an interest in the subject of the application. The consultation is advisory only and not binding on the Director. The consultation may relate to any matter deemed by the Director to be relevant to the application, including, without limitation:  (a) Any license or other authorization previously issued by the applicable regulator, or the corresponding regulator in another jurisdiction, to the applicant or any other person described in paragraph (c) of subsection 3 of NRS 657A.400;  (b) Any criminal, civil, administrative or other proceeding previously brought by or on behalf of the applicable regulator, or the corresponding regulator in any other jurisdiction, against the applicant or any other person described in paragraph (c) of subsection 3 of NRS 657A.400; and  (c) The ability of the applicant or any other person described in paragraph (c) of subsection 3 of NRS 657A.400 to qualify for a license or other authorization from the applicable regulator upon the completion of testing.   3. Unless the Director and the applicant mutually agree to extend this period, the Director shall approve or deny an application within 90 days after the completed application is received.  (Added to NRS by 2019, 3987, effective January 1, 2020)
NV Rev Stat § 657A.420 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.420 - Approval or denial of application; notice of approval or denial. [Effective January 1, 2020.]

  1. Except as otherwise provided in this subsection, the Director may approve or deny any application or request submitted pursuant to this chapter. The Director may not approve an application or request if provision of the relevant financial product or service to consumers in this State would exceed the applicable limitation provided by subsection 2 or 3 of NRS 657A.300.   2. The Director shall give the applicant or participant written notice of the approval or denial of the application or request within 5 business days after the date of approval or denial.   3. The approval or denial of an application or request is final and not subject to administrative or judicial review.  (Added to NRS by 2019, 3988, effective January 1, 2020)
NV Rev Stat § 657A.430 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.430 - Issuance of registration upon approval of application; conditional approval of application. [Effective January 1, 2020.]

  1. If the Director approves an application to participate in the Program:  (a) The applicant shall be deemed a participant.   (b) The Director shall issue a registration number unique to the approval.   (c) Except as otherwise required by the Director pursuant to subsection 2 or NRS 657A.620, a product or service offered or provided within the scope of the Program is exempt from any provision of this title, chapter 645A, 645B, 645F or 645G of NRS or any regulation adopted pursuant thereto.   2. In addition to any other requirements or limitations of NRS 657A.300 or 657A.310 that apply to a product or service, the Director may condition approval of an application upon compliance by the participant with one or more provisions of this title, chapter 645A, 645B, 645F or 645G of NRS or any regulation adopted pursuant thereto.  3. A notice of approval of an application given pursuant to NRS 657A.420 must be accompanied by a copy of the provisions of this chapter and any applicable regulations of the Director then in effect, and set forth:  (a) The registration number applicable to the approval;  (b) The period of testing prescribed by NRS 657A.340;  (c) The general limitations of NRS 657A.300, any additional requirements or limitations applicable specifically to the product or service pursuant to NRS 657A.310 and any conditions imposed pursuant to subsection 2 or NRS 657A.620; and  (d) Any additional information required by the Director to be disclosed to consumers pursuant to subsection 2 of NRS 657A.330.  (Added to NRS by 2019, 3988, effective January 1, 2020)
NV Rev Stat § 657A.500 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.500 - Regulations concerning reporting; required records and reporting; participant to notify Director of failed product or service or unauthorized acquisition of computerized data. [Effective January 1, 2020.]

  1. The Director may establish by regulation periodic reporting requirements for participants in the Program.   2. On request by the Director, a participant shall make any requested record, information or data available for inspection and copying by the Director.   3. Each participant shall retain, for not less than 2 years after the end of the prescribed period of testing or for such longer period as the Director requires by order or regulation, all records and data produced in the ordinary course of business relating to a financial product or service tested in the Program.   4. If a product or service fails before the end of the period of testing, the participant shall:  (a) Give written notice of the failure to the Director.   (b) Include in the notice a description of any action taken by the participant to protect consumers from financial loss or other harm caused by the failure.   5. In addition to providing any other disclosure or notice of the unauthorized acquisition of computerized data required by any applicable statute or regulation, a participant shall promptly notify the Director of any unauthorized acquisition of computerized data constituting a breach of the security of the system data as that term is defined in NRS 603A.020.  (Added to NRS by 2019, 3990, effective January 1, 2020)
NV Rev Stat § 657A.510 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.510 - Confidentiality of records and information; immunity from liability for Director and applicable regulators concerning disclosure of certain records and information; admissibility of certain records and information. [Effective January 1, 2020.]

  1. Any record or information in a record submitted to or obtained by the Director or an applicable regulator pursuant to this chapter:  (a) Except as otherwise provided in this section, is confidential and not a public book or record within the meaning of NRS 239.010.  (b) May be disclosed by the Director or an applicable regulator to:  (1) Any governmental agency or official; or  (2) A federal, state or county grand jury in response to a lawful subpoena.  2. Any disclosure pursuant to subsection 1 of a complaint relating to a financial product or service or the results of an examination, inquiry or investigation relating to a participant or product or service does not make the relevant record or information in a record a public record within the meaning of NRS 239.010, and a participant shall not disclose any such record or information to the general public except in connection with any disclosure required by law. A participant shall not disclose, use or refer to any comments, conclusions or results of an examination, inquiry or investigation in any communication to a consumer or potential consumer.   3. The Director and any applicable regulator are immune from civil liability for any damages sustained because of a disclosure of any record or information in a record that is received or obtained pursuant to this chapter.  4. Nothing contained in this section shall be deemed to preclude the disclosure of any record or information in a record that is admissible in evidence in any civil or criminal proceeding brought by a state or federal law enforcement agency to enforce or prosecute a civil or criminal violation of any law.  (Added to NRS by 2019, 3990, effective January 1, 2020)
NV Rev Stat § 657A.520 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.520 - Electronic form of certain information; substitution of certain information. [Effective January 1, 2020.]

Any information, writing, signature, record or disclosure required by the provisions of this chapter or any regulation adopted pursuant thereto, may:  1. Be obtained, recorded, provided or maintained by a participant in electronic form.   2. With the approval of the Director, be substituted by a participant with any substantially equivalent information, writing, signature, record or disclosure.  (Added to NRS by 2019, 3991, effective January 1, 2020)
NV Rev Stat § 657A.530 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.530 - Report by Director to Legislature. [Effective January 1, 2020.]

  1. On or before March 1 of each year, the Director of the Department of Business and Industry shall prepare and submit to the Director of the Legislative Counsel Bureau, for transmittal to the Legislature, a report on the operation and status of the Program.   2. The report must include, for the immediately preceding calendar year:  (a) The number of applications submitted to participate in the Program, and the number of applications that were approved or denied;  (b) With respect to the applications that were denied, a description of the reasons for denial; and  (c) With respect to the applications that were approved:  (1) A description of each financial product or service provided by each participant in the Program;  (2) A statement of the number of participants providing each product or service; and  (3) An estimate of the number of consumers using each product or service.  3. The report may include any recommendations for legislation relating to the Program and any other information that the Director of the Department of Business and Industry deems relevant.  (Added to NRS by 2019, 3993, effective January 1, 2020)
NV Rev Stat § 657A.600 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.600 - Establishment of toll-free telephone number and Internet website for complaints. [Effective January 1, 2020.]

The Director shall establish and maintain a toll-free telephone number and Internet website through which a consumer may submit a complaint relating to any financial product or service provided by a participant.  (Added to NRS by 2019, 3990, effective January 1, 2020)
NV Rev Stat § 657A.610 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.610 - Powers of Director to enforce chapter. [Effective January 1, 2020.]

  1. If the Director has reasonable cause to believe that a participant has engaged in, is engaging in or threatens to engage in any act or omission in violation of any provision of this chapter or any other applicable statute or regulation for which a civil or criminal penalty is prescribed, the Director may:  (a) Request that the Attorney General bring an action in any court of competent jurisdiction to enjoin the violation;  (b) Remove the participant from the Program or order the participant to exit the Program; or  (c) Take any combination of those actions.   2. A removal of or compelled exit of a participant from the Program is final and not subject to administrative or judicial review.  (Added to NRS by 2019, 3992, effective January 1, 2020)
NV Rev Stat § 657A.620 (2021)
2021 Nevada Revised Statutes|Chapter 657A - Regulatory Experimentation Program for Product Innovation|NRS 657A.620 - Powers of Director to take action relating to certain acts or omissions of participants. [Effective January 1, 2020.]

  1. If the Director has reasonable cause to believe that a participant has engaged in, is engaging in or threatens to engage in any act or omission that the Director determines is inconsistent with the health, safety or welfare of consumers or the public generally, the Director may:  (a) Proceed to adopt a regulation to address the issue pursuant to NRS 657A.210;  (b) Require the participant to comply with one or more provisions of this title, chapter 645A, 645B, 645F or 645G of NRS or any regulation adopted pursuant thereto;  (c) Remove the participant from the Program or order the participant to exit the Program; or  (d) Take any combination of those actions.   2. Any action taken by the Director pursuant to this section is final and not subject to judicial or administrative review.  (Added to NRS by 2019, 3992, effective January 1, 2020)
NV Rev Stat § 658.015 (2021)
2021 Nevada Revised Statutes|Chapter 658 - Supervision and Control|NRS 658.015 - Administration of provisions of certain chapters.

The Commissioner and the Division of Financial Institutions shall administer the provisions of chapters 657 to 671, inclusive, of NRS, subject to administrative supervision by the Director of the Department of Business and Industry.  (Added to NRS by 1971, 966; A 1983, 1721; 1987, 1898; 1993, 1894)
NV Rev Stat § 658.021 (2021)
2021 Nevada Revised Statutes|Chapter 658 - Supervision and Control|NRS 658.021 - Commissioner: Qualifications; restrictions on other employment.

The Commissioner:  1. Must be a person who has had practical experience in banking, savings and loan associations, savings banks or other financial institutions.  2. Except as otherwise provided in NRS 284.143, shall devote his or her entire time and attention to the business of his or her office and shall not pursue any other business or occupation or hold any other office of profit.  (Added to NRS by 1983, 1721; A 1987, 1898; 1995, 2318)
NV Rev Stat § 658.025 (2021)
2021 Nevada Revised Statutes|Chapter 658 - Supervision and Control|NRS 658.025 - Commissioner prohibited from having interest in bank or regulated corporation.

The Commissioner must not, either directly or indirectly, be interested in any bank or corporation to which chapters 657 to 671, inclusive, of NRS are applicable, except as a depositor, nor engage in business as a personal loan broker.  (Added to NRS by 1971, 966; A 1983, 1721; 1987, 1898)
NV Rev Stat § 658.035 (2021)
2021 Nevada Revised Statutes|Chapter 658 - Supervision and Control|NRS 658.035 - Oath of Commissioner.

After appointment and before entering upon the discharge of the duties of office, the Commissioner shall take and subscribe to an official oath.  (Added to NRS by 1971, 966; A 1975, 351; 1983, 1722; 1987, 1898)
NV Rev Stat § 658.045 (2021)
2021 Nevada Revised Statutes|Chapter 658 - Supervision and Control|NRS 658.045 - Office.

The Division of Financial Institutions must be furnished with suitable offices for the performance of its duties.  (Added to NRS by 1971, 966; A 1983, 1722)
NV Rev Stat § 658.055 (2021)
2021 Nevada Revised Statutes|Chapter 658 - Supervision and Control|NRS 658.055 - Deputy commissioners; other employees; independent audits and examinations; assessments; Account for Auditing Financial Institutions.

  1. The Commissioner may appoint deputy commissioners of financial institutions, examiners, assistants, clerks, stenographers and other employees necessary to assist the Commissioner in the performance of the Commissioner’s duties pursuant to this title or any other law. These employees shall perform such duties as are assigned to them by the Commissioner.  2. The Commissioner shall employ a certified public accountant to review and conduct independent audits and examinations of financial institutions. The Commissioner shall levy an assessment upon each licensed financial institution to cover all of the costs related to the employment of the certified public accountant and the performance of the audits and examinations.  3. Assessments collected by the Commissioner pursuant to subsection 2 must be deposited in the State Treasury for credit to the Account for Auditing Financial Institutions, which is hereby created in the State General Fund. Money in the Account may be used by the Commissioner or for any purpose authorized by the Legislature. The Commissioner may advance money from the Account, for the purposes specified in subsection 2.  (Added to NRS by 1971, 966; A 1983, 1722; 1985, 447; 1987, 826, 1898; 1989, 919; 1991, 1806; 2010, 26th Special Session, 25)
NV Rev Stat § 658.065 (2021)
2021 Nevada Revised Statutes|Chapter 658 - Supervision and Control|NRS 658.065 - Oath of deputy commissioners.

Every deputy commissioner of financial institutions shall, before entering upon the discharge of duties, take and subscribe to the constitutional oath of office.  (Added to NRS by 1971, 966; A 1983, 1722; 1987, 1898)
NV Rev Stat § 658.085 (2021)
2021 Nevada Revised Statutes|Chapter 658 - Supervision and Control|NRS 658.085 - Advisory capacity of State Board of Finance.

The State Board of Finance shall act in an advisory capacity to the Division of Financial Institutions in the administration of the provisions of chapters 657 to 671, inclusive, of NRS and perform such other functions as are required by those provisions.  (Added to NRS by 1971, 966; A 1983, 1722)