reglab/housing_qa huggingface dataset:
NV Rev Stat § 673.2265 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.2265 - Membership in Federal Reserve System: Authorization; powers, duties and examination of member.

  1. Any savings bank licensed pursuant to this chapter may subscribe to the stock of a Federal Reserve Bank and become a member of the Federal Reserve System.  2. Any savings bank licensed pursuant to this chapter which is, or which becomes, a member bank is, by this section, vested with all powers conferred upon member banks of the Federal Reserve System by the terms of the Federal Reserve Act as fully and completely as if such powers were specifically enumerated and described in this section, and all such powers must be exercised subject to all restrictions and limitations imposed by the Federal Reserve Act, or by regulations of the Board of Governors of the Federal Reserve System made pursuant thereto. The right, however, is expressly reserved to revoke or to amend the powers conferred in this section.  3. Compliance on the part of any such savings bank with the reserve requirements of the Federal Reserve Act shall be deemed to be full compliance with those provisions of the laws of this State which require savings banks to maintain cash balances in their vaults or with other banks, and no such savings bank need carry or maintain a reserve other than such as is required under the terms of the Federal Reserve Act.  4. Any such savings bank continues to be subject to supervision and examinations required by the laws of this State, except that the Board of Governors of the Federal Reserve System may, if it deems necessary, make examinations of the savings bank. The authorities of this State having supervision over such savings bank may disclose to the Board of Governors of the Federal Reserve System, or to examiners appointed by it, all information in reference to the affairs of any savings bank which has become, or desires to become, a member bank of the Federal Reserve System.  5. The provisions of this section shall not be construed to limit the ability of a savings bank to engage in any activity authorized by NRS 673.300.  6. As used in this section:  (a) "Board of Governors of the Federal Reserve System" means the Board of Governors of the Federal Reserve System created and described in the Federal Reserve Act.  (b) "Federal Reserve Act" means the Act of Congress, approved December 23, 1913, being c. 6, 38 Stat. 251, as amended.  (c) "Federal Reserve Bank" means the Federal Reserve Banks created and organized under authority of the Federal Reserve Act.  (d) "Federal Reserve System" means, collectively, the Federal Reserve Banks and the Board of Governors of the Federal Reserve System.  (e) "Member bank" means any national bank, state bank, savings bank or banking and trust company which has become or which becomes a member of the Federal Reserve System.  (Added to NRS by 2017, 1915)
NV Rev Stat § 673.227 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.227 - Land and office buildings of savings bank; limitation on costs.

  1. A savings bank may purchase or lease property for its office buildings or construct its office buildings on property purchased or leased by it, if the total cost of land and improvements does not exceed 70 percent of the sum of the capital, surplus and reserves of the savings bank.  2. With the approval of the Commissioner, senior capital notes of the Federal Deposit Insurance Corporation may be included in capital for the purposes of this section.  (Added to NRS by 1963, 465; A 1967, 1015; 1971, 628; 1983, 1781; 1987, 1965; 1993, 2809; 2017, 1934)
NV Rev Stat § 673.228 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.228 - Trustee and custodial powers, privileges and authorities of savings bank.

  1. A savings bank shall have the powers, privileges and authorities to engage in trust company business, including engaging in custodial activities and establishing common trust funds, either directly or indirectly through a subsidiary, that any state bank, foreign bank, foreign savings bank, national bank or federal savings bank may exercise, subject to the requirements and conditions for engaging in such business of a trust company set forth in this section.  2. Before engaging in trust company business, a savings bank shall apply to the Commissioner on such form as he or she shall determine and pay the same fee as required for a state bank to engage in trust company business. In considering such an application, the Commissioner shall determine whether:  (a) The management and personnel of the savings bank are qualified to conduct trust company business;  (b) Trust company business will be adequately conducted in compliance with the law; and   (c) The financial and managerial resources of the savings bank are sufficient to support the conduct of trust company business.  3. A savings bank subscribing to trustee and custodial power authorized by this section shall be required to segregate all funds held in such fiduciary capacity from the general assets of the savings bank and keep a separate set of books and records showing in proper detail all transactions engaged in under the authority of this section.  4. If individual records are kept of each self-employed individual retirement plan, all funds held in such trust or custodial capacity by the savings bank may be commingled for appropriate purposes of investment.  5. No funds held in a fiduciary capacity by a savings bank may be used by the savings bank in the conduct of its business, although such funds may be invested in the deposit accounts of the savings bank if the trust or custodial retirement plan does not prohibit the investment.  6. As used in this section, "business of a trust company" or "trust company business" has the meaning ascribed to it in NRS 669.029.  (Added to NRS by 1963, 465; A 1977, 492; 2017, 1934)
NV Rev Stat § 673.250 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.250 - Licenses for issuance or sale of stock; contents and conditions of licenses.

  1. No savings bank may sell or issue any of its common or preferred stock until it has first applied for and secured from the Commissioner a license authorizing it so to do as provided in NRS 673.080.  2. Every license must recite in bold type that the issuance of the license is permissive only and does not constitute a recommendation or endorsement of the stock permitted to be issued.  3. Before the sale of, or option to buy, any additional authorized but unissued common or preferred stock, the savings bank must have the written approval of the Commissioner.  4. The Commissioner may impose conditions requiring the impoundment of the proceeds from the sale of any stock, limiting the expense in connection with the sale and such other conditions as are reasonable and necessary or advisable to ensure the disposition of the proceeds from the sale of the stock in the manner and for the purposes provided in the license.  [14:51:1931; 1931 NCL § 970.13] — (NRS A 1957, 754; 1959, 57; 1961, 767; 1963, 465; 1979, 1292; 1983, 652, 1781; 1987, 1965; 2017, 1935)
NV Rev Stat § 673.260 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.260 - Annual license: Fees; renewal; penalty; regulations.

  1. The license specified in NRS 673.250 authorizes the company, savings bank or corporation to whom it is issued to sell its approved securities and contracts within this State for the remainder of the fiscal year ending on June 30 next succeeding. Each license is renewable, under like restrictions, annually thereafter.  2. For the issuing of any license provided for in NRS 673.250 and for any renewal thereof, the fee of the Commissioner is:  (a) For the main office, not more than $400; and  (b) For each branch office, not more than $200.  3. The fees must accompany the license renewal application. A penalty of 10 percent of the fee payable must be charged for each month or part thereof that the fees are not paid after June 30 of each year.  4. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.  [Part 15:51:1931; 1931 NCL § 970.14] + [Part 17:51:1931; A 1955, 589] — (NRS A 1959, 542; 1961, 767; 1963, 465; 1965, 1138; 1967, 978; 1973, 730; 1983, 1781; 1987, 1965, 2226; 2003, 3232; 2005, 1877; 2017, 1935)
NV Rev Stat § 673.2755 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.2755 - Investment certificates: Rights and liabilities of holders; types of certificates; limitation on approval.

  1. A savings bank may issue investment certificates, with or without passbooks. The holders of investment certificates are not liable for debts or assessments, and are entitled upon liquidation of a savings bank to receive payment in full before any payment or distribution is made to stockholders. The holders of investment certificates have no right to participate in the profits of the savings bank.  2. Investment certificates may be issued as fully paid investment certificates, accumulative investment certificates, minimum term investment certificates or other types of certificates approved by the Commissioner. The Commissioner shall not approve any certificates whose issuance would impair the insurance of the accounts of the savings bank by the Federal Deposit Insurance Corporation.  (Added to NRS by 1963, 458; A 1977, 493; 1983, 654, 1784; 1987, 1968; 1993, 2810; 2017, 1935)
NV Rev Stat § 673.2758 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.2758 - Requirements.

A reserve for losses shall be maintained by each savings bank, which shall allow for the write-down of assets to their fair market value in accordance with generally accepted accounting principles to the same extent that such principles are used to determine compliance with federal regulations applicable to federal savings banks.  (Added to NRS by 1969, 962; A 2017, 1935)
NV Rev Stat § 673.276 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.276 - Permissible investments.

A savings bank may invest in:  1. Without limit, obligations of, or obligations guaranteed as to principal and interest by, the United States or any state.  2. Obligations of the United States Postal Service, whether or not guaranteed as to principal and interest by the United States.  3. Stock of a Federal Home Loan Bank or Federal Reserve Bank of which the savings bank is eligible to be a member.  4. Any obligations or consolidated obligations of any Federal Home Loan Bank or Banks or any Federal Reserve Bank or Banks.  5. Stock or obligations of the Federal Deposit Insurance Corporation.  6. Stock or obligations of a national mortgage association or any successor or successors thereto, including the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation.  7. Demand, time or savings deposits with any bank, credit union or trust company whose deposits are insured by the Federal Deposit Insurance Corporation, the National Credit Union Share Insurance Fund or a private insurer approved pursuant to NRS 672.755.  8. Stock or obligations of any corporation or agency of the United States or any state, or in deposits therewith to the extent that such a corporation or agency assists in furthering or facilitating the purposes or powers of the savings bank.  9. Deposit accounts of any insured depository institution licensed by the State and of any federally chartered depository institution, if the accounts of such institution are insured by the Federal Deposit Insurance Corporation.  10. Bonds, notes or other evidences of indebtedness which are general obligations of any city, town, county, school district or other municipal corporation or political subdivision of any state.  11. Any other investment at the discretion of the directors of the savings bank if, after the investment is made, the accounts of the savings bank remain insurable by the Federal Deposit Insurance Corporation.  (Added to NRS by 1961, 782; A 1963, 467; 1967, 1016; 1969, 974; 1971, 272; 1975, 1827; 1977, 493; 1979, 710, 1292; 1981, 281; 1983, 655, 1279; 1985, 2249; 1993, 2811; 1999, 1449; 2013, 1249; 2017, 1936)
NV Rev Stat § 673.2765 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.2765 - Investments in certain related service companies, operating subsidiaries or financial subsidiaries.

A savings bank may invest in the capital stock, obligations or other securities of a related service company, operating subsidiary or financial subsidiary, subject to any regulations concerning the insurability of the accounts of the savings bank by the Federal Deposit Insurance Corporation and to whatever regulations the Commissioner may impose in this regard, if the entire capital stock of the corporation is available for purchase by insured depository institutions under any federal or state law.  (Added to NRS by 1969, 960; A 1983, 656, 1784; 1987, 1968; 1993, 2811; 2017, 1936)
NV Rev Stat § 673.2766 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.2766 - Investments in real property for subdivision or residential development.

  1. Any investment in real property for purposes of subdivision or for residential development must not exceed the market value or appraisal valuation as evidenced by an appraisal report prepared within 120 days of the investment by a member of the Appraisal Institute or the National Association of Independent Fee Appraisers, or by such other appraiser as may be approved by the Commissioner.  2. The Commissioner may require a statement from the savings bank disclosing whether any director, officer or employee of the savings bank has a direct or indirect interest in the real property involved or has had an interest at any time during the past 3 years. Stock ownership in an interested corporation may be considered the direct or indirect interest of the investor. Failure to make a required disclosure is unlawful.  (Added to NRS by 1969, 962; A 1983, 1784; 1985, 2250; 1987, 1968; 2017, 1936)
NV Rev Stat § 673.278 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.278 - Power to make loans includes power to purchase loans and make loans upon security of other loans.

The power of a savings bank to make loans shall include:  1. The power to purchase loans of any type that the savings bank may make.  2. The power to make loans upon the security of loans of any type that the savings bank may make.  (Added to NRS by 1957, 761; A 1959, 543; 2017, 1937)
NV Rev Stat § 673.279 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.279 - Purchases of real property contracts; conditions.

A savings bank may invest its funds in the purchase of real property contracts under the following conditions only:  1. That it must acquire the merchantable title to the property covered by such contracts.  2. That the type of property be such as would be eligible for a mortgage or deed of trust loan under this chapter.  3. Before making any such purchase, the property shall be appraised or evaluated and the purchase approved in the same manner as in the case of the purchase of loans secured using a mortgage or deed of trust on real estate.  (Added to NRS by 1957, 761; A 2017, 1937)
NV Rev Stat § 673.280 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.280 - Certain federal obligations are legal investments.

Any savings bank may invest its funds, or money in its custody, in the bonds of any Federal Home Loan Bank or Federal Reserve Bank, or in consolidated Federal Home Loan Bank or Federal Reserve Bank bonds, debentures or notes, or in farm loan bonds, consolidated farm loan bonds, debentures, consolidated debentures and other obligations issued by federal land banks and federal intermediate credit banks under the authority of the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as amended or supplemented, and the bonds, debentures, consolidated debentures and other obligations issued by banks for cooperatives under the authority of the Farm Credit Act, formerly 12 U.S.C. §§ 1131 to 1138e, inclusive, and the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 to 2259, inclusive, as amended or supplemented.  [Part 1:61:1935; 1931 NCL § 3695.01] — (NRS A 1959, 32; 1973, 1093; 1977, 494; 1991, 496; 2017, 1937)
NV Rev Stat § 673.300 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.300 - Savings bank may become member and stockholder of Federal Home Loan Bank, borrow money and invest in bonds.

  1. Any savings bank which may now or hereafter be eligible to become a member of any Federal Home Loan Bank according to the terms of the Federal Home Loan Bank Act of 1932, 12 U.S.C. §§ 1421 to 1449, inclusive, as amended or supplemented, may:  (a) Subscribe for, purchase, own and hold stock in such Federal Home Loan Bank, and become a member thereof.  (b) Borrow money from any Federal Home Loan Bank pursuant to the Federal Home Loan Bank Act, as amended or supplemented.  (c) Invest in the bonds of any Federal Home Loan Bank.  (d) Give its obligations and pledge securities and conform to the provisions of the Federal Home Loan Bank Act, and to the rules and regulations from time to time fixed and prescribed either by the Federal Home Loan Bank Board or the Federal Home Loan Bank of which it is a member.  (e) Perform any acts and execute any instruments authorized or required by the Federal Home Loan Bank Act, as amended or supplemented, or by rules and regulations adopted pursuant to the Act.  2. All acts authorized by subsection 1 performed prior to March 18, 1935, are hereby validated and confirmed.  [Part 1:59:1935; 1931 NCL § 972.01] + [2:59:1935; 1931 NCL § 972.02] — (NRS A 1977, 494; 2017, 1938)
NV Rev Stat § 673.301 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.301 - Savings bank may issue capital notes; voting rights of holders.

The power of a savings bank to borrow money and contract debts shall include the power to issue capital notes evidencing such borrowings and to subordinate the same to investment certificates and other liabilities. A savings bank may confer upon the holders of any capital notes, issued or to be issued by the savings bank, such rights to vote in the election of directors and on any other matters as shall be stated and expressed in the articles of incorporation, or in any amendment thereto.  (Added to NRS by 1967, 1022; A 2017, 1938)
NV Rev Stat § 673.302 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.302 - Limitation on borrowing.

The aggregate amount of all borrowings of any savings bank shall not exceed an amount which would impair the insurance of the accounts of the savings bank by the Federal Deposit Insurance Corporation.  (Added to NRS by 1967, 1022; A 1983, 656, 1785; 1987, 1969; 1993, 2812; 2017, 1938)
NV Rev Stat § 673.310 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.310 - Loans and advances of credit insured by Federal Housing Administration or Department of Veterans Affairs.

  1. Subject to such regulations as may be prescribed by the Federal Housing Administration or Department of Veterans Affairs, savings banks may:  (a) Make such loans and advances of credit, and purchases of obligations representing the loans and advances of credit, as are eligible for insurance by the Federal Housing Administration or are guaranteed by the Department of Veterans Affairs, and to obtain such insurance.  (b) Make such loans secured by mortgages on real property as are eligible for insurance by the Federal Housing Administration or are guaranteed by the Department of Veterans Affairs, and to obtain such insurance.  (c) Purchase, invest in and dispose of notes or bonds secured by mortgages insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs, securities of national mortgage associations, and debentures issued by the Department of Veterans Affairs or the Federal Housing Administration.  2. No law of this State, nor any articles of incorporation or bylaws of any savings bank, prescribing the nature, amount or form of security or requiring security upon which loans or advances of credit may be made, prescribing or limiting interest rates upon loans or advances of credit, or prescribing or limiting the period for which loans or advances of credit may be made, applies to loans, advances of credit or purchases made pursuant to subsection 1.  3. All loans, advances of credit, and purchases of obligations described in this section made and insured pursuant to the terms of the National Housing Act, 12 U.S.C. §§ 1701 et seq., are hereby validated and confirmed.  [Part 1:58:1935; A 1937, 147; 1939, 43; 1931 NCL § 3652.01] + [Part 2:58:1935; 1931 NCL § 3652.02] + [3:58:1935; 1931 NCL § 3652.03] — (NRS A 1959, 544; 1977, 495; 1995, 1100; 2017, 1938)
NV Rev Stat § 673.315 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.315 - Investment in Federal National Mortgage Association, Federal Home Loan Mortgage Corporation and SLM Corporation.

  1. Notwithstanding any other provision of law, any savings bank organized under the laws of this State, which has as one of its principal purposes the making or purchasing of loans secured by real property mortgages, is authorized to sell such mortgage loans to the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, a corporation chartered by an Act of Congress, or any successor thereof, and in connection therewith to make payments of any capital contributions, required pursuant to law, in the nature of subscriptions for stock of the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or any successor thereof, to receive stock evidencing such capital contributions, and to hold or dispose of such stock.  2. Any savings bank organized under the laws of this State, which engages in the making or purchasing of federally guaranteed student loans is authorized to sell such student loans to SLM Corporation, or any successor thereof, and in connection therewith to make payments of any capital contributions, required pursuant to law, in the nature of subscriptions for stock of SLM Corporation, or any successor thereof, to receive stock evidencing such capital contributions, and to hold or dispose of such stock.  (Added to NRS by 1957, 527; A 1977, 495; 2017, 1939)
NV Rev Stat § 673.316 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.316 - Additional advances or loans to borrower; renewal or extension of loans; loans on property sold by savings bank.

  1. Any savings bank may:  (a) Make additional advances or loans for the purpose of preserving the security of the loan or for the purpose of protecting the property securing the loan.  (b) Make any renewal, extension, advance or loan to the borrower or to any successor in interest in the property securing the loan.  (c) Make loans on property sold by a savings bank or extend credit thereon for the purpose of facilitating the sale of the property regardless of any other provision of this chapter.  2. No advance or loan may be made under the provisions of this section if the advance or loan would increase the total liability to the savings bank making the advance or loan to a level that would be prohibited pursuant to regulations applicable to federally chartered banks as set forth by the Office of the Comptroller of the Currency.  3. For the purpose of preserving the security of any loan or of protecting the property securing any loan made in compliance with this chapter, a savings bank may make additional advances or loans to the borrower or any successor in interest in the property securing the loan. Regardless of any other provision of this chapter, a savings bank may make loans or extend credit for the purpose of facilitating the sale of property acquired by repossession, foreclosure or conveyance in lieu of foreclosure if that activity conforms to generally accepted accounting practices.  (Added to NRS by 1959, 540; A 1963, 467; 1983, 656, 1785; 1987, 1969; 2017, 1939)