reglab/housing_qa huggingface dataset:
NV Rev Stat § 673.830 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.830 - Violation of chapter or sale of securities through fraudulent misrepresentation.

Any person who shall violate any provision of this chapter or sell any securities as the result of any fraudulent misrepresentation shall be guilty of a misdemeanor, and the license issued to him or her shall be forfeited and revoked.  [Part 18:51:1931; 1931 NCL § 970.17] — (NRS A 1967, 649)
NV Rev Stat § 673.840 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.840 - Sale or offer to sell securities without license or for failure to pay fee or penalty.

Any person doing business in this state, as described in NRS 673.070, who:  1. Sells or offers for sale within this state any securities of any company, savings bank or corporation which has not received the license provided for in NRS 673.080 and 673.250; or  2. Fails to pay a fee or penalty as provided in NRS 673.430,  is guilty of a misdemeanor for each such violation.  [Part 18:51:1931; 1931 NCL § 970.17] — (NRS A 1963, 472; 1967, 649; 1989, 922; 2017, 1956)
NV Rev Stat § 673.850 (2021)
2021 Nevada Revised Statutes|Chapter 673 - Savings Banks|NRS 673.850 - Effect of revocation of license.

The revocation of any license issued under any of the provisions of this chapter shall, from the date of such revocation, place the savings bank to whom it was issued in the same legal status and subject to the same prohibitions and penalties as one to whom no license has been issued.  [Part 18:51:1931; 1931 NCL § 970.17] — (NRS A 1977, 506; 2017, 1956)
NV Rev Stat § 675.010 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.010 - Short title.

This chapter shall be known and may be cited as the Nevada Installment Loan and Finance Act.  (Added to NRS by 1959, 226)
NV Rev Stat § 675.020 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.020 - Definitions.

As used in this chapter, unless the context otherwise requires:  1. "Amount of cash advance" means the amount of cash or its equivalent actually received by a borrower or paid out at his or her direction or on his or her behalf.  2. "Amount of loan obligation" means the amount of cash advance plus the aggregate of charges added thereto pursuant to authority of this chapter.  3. "Commissioner" means the Commissioner of Financial Institutions.  4. "Community" means a contiguous area of the same economic unit or metropolitan area as determined by the Commissioner, and may include all or part of a city or several towns or cities.  5. "Consumer credit" has the meaning ascribed to it in NRS 604A.036.  6. "Covered service member" has the meaning ascribed to it in NRS 604A.038.  7. "Dependent" has the meaning ascribed to it in NRS 604A.057.  8. "Internet business lender" means a person who makes business loans exclusively through the Internet.  9. "License" means a license, issued under the authority of this chapter, to make loans in accordance with the provisions of this chapter, at a single place of business.  10. "Licensee" means a person to whom one or more licenses have been issued.  (Added to NRS by 1959, 226; A 1977, 193; 1983, 1805; 1985, 537; 1987, 1987; 2019, 950, 3997; 2020, 32nd Special Session, 5)
NV Rev Stat § 675.030 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.030 - Legislative declaration.

The Legislature finds as facts and determines that:  1. There exists in this state a widespread demand for loans repayable in installments, which loans may or may not be made on substantial security. This demand has been steadily increased by many social and economic factors.  2. The expenses of making and collecting installment loans are necessarily high in relation to the amounts lent.  3. It is the purpose of this chapter to:  (a) Bring under public supervision those engaged in the business of making loans;  (b) Attract adequate commercial capital to the business, so that the demand for such loans may be satisfied; and  (c) Ensure the availability in this state of adequate, efficient and competitive financial services.  (Added to NRS by 1959, 227; A 1971, 1365; 1973, 1515; 1983, 1312; 1987, 178)
NV Rev Stat § 675.035 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.035 - Applicability of chapter. [Effective through December 31, 2019.]

The provisions of this chapter apply to any person who:  1. Makes installment loans that are not subject to regulation pursuant to chapter 604A of NRS;  2. Is an affiliate, subsidiary or holding company of a bank, national banking association, savings bank, trust company, savings and loan association, credit union, mortgage broker, mortgage banker, mortgage servicer as that term is defined in NRS 645F.063, thrift company or insurance company; and  3. Seeks to evade its application by any device, subterfuge or pretense, including, without limitation:  (a) Calling a loan by any other name;  (b) Using any agents, affiliates or subsidiaries in an attempt to avoid the application of the provisions of this chapter; or  (c) Having any affiliation or other business arrangement with an entity that is exempt from the provisions of this chapter pursuant to subsection 1 of NRS 675.040, the effect of which is to evade the provisions of this chapter, including, without limitation, making a loan while purporting to be the agent of such an exempt entity where the purported agent holds, acquires or maintains a material economic interest in the revenues generated by the loan.  (Added to NRS by 2007, 945; A 2007, 1967; 2013, 1250; 2015, 2812)
NV Rev Stat § 675.035 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.035 - Applicability of chapter. [Effective January 1, 2020.]

The provisions of this chapter apply to any person who:  1. Makes installment loans that are not subject to regulation pursuant to chapter 604A of NRS;  2. Is an affiliate, subsidiary or holding company of a bank, national banking association, savings bank, trust company, savings and loan association, credit union, mortgage company, mortgage servicer as that term is defined in NRS 645F.063, thrift company or insurance company; and  3. Seeks to evade its application by any device, subterfuge or pretense, including, without limitation:  (a) Calling a loan by any other name;  (b) Using any agents, affiliates or subsidiaries in an attempt to avoid the application of the provisions of this chapter; or  (c) Having any affiliation or other business arrangement with an entity that is exempt from the provisions of this chapter pursuant to subsection 1 of NRS 675.040, the effect of which is to evade the provisions of this chapter, including, without limitation, making a loan while purporting to be the agent of such an exempt entity where the purported agent holds, acquires or maintains a material economic interest in the revenues generated by the loan.  (Added to NRS by 2007, 945; A 2007, 1967; 2013, 1250; 2015, 2812; 2017, 3103, effective January 1, 2020)
NV Rev Stat § 675.040 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.040 - Applicability of chapter; exemptions. [Effective through December 31, 2019.]

This chapter does not apply to:  1. Except as otherwise provided in NRS 675.035, a person doing business under the authority of any law of this State or of the United States relating to banks, national banking associations, savings banks, trust companies, savings and loan associations, credit unions, mortgage brokers, mortgage bankers, thrift companies, pawnbrokers or insurance companies.  2. A real estate investment trust, as defined in 26 U.S.C. § 856.  3. An employee benefit plan, as defined in 29 U.S.C. § 1002(3), if the loan is made directly from money in the plan by the plan’s trustee.  4. An attorney at law rendering services in the performance of his or her duties as an attorney at law if the loan is secured by real property.  5. A real estate broker rendering services in the performance of his or her duties as a real estate broker if the loan is secured by real property.  6. Except as otherwise provided in this subsection, any firm or corporation:  (a) Whose principal purpose or activity is lending money on real property which is secured by a mortgage;  (b) Approved by the Federal National Mortgage Association as a seller or servicer; and  (c) Approved by the Department of Housing and Urban Development and the Department of Veterans Affairs.  7. A person who provides money for investment in loans secured by a lien on real property, on his or her own account.  8. A seller of real property who offers credit secured by a mortgage of the property sold.  9. A person holding a nonrestricted state gaming license issued pursuant to the provisions of chapter 463 of NRS.  10. A person licensed to do business pursuant to chapter 604A of NRS with regard to those services regulated pursuant to chapter 604A of NRS.  11. A person who exclusively extends credit to any person who is not a resident of this State for any business, commercial or agricultural purpose that is located outside of this State.  (Added to NRS by 1959, 227; A 1983, 153, 1313; 1989, 1064; 1991, 818; 1995, 1100; 1999, 3810; 2003, 3578; 2005, 1713; 2007, 945; 2013, 1251; 2017, 801)
NV Rev Stat § 675.040 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.040 - Applicability of chapter; exemptions. [Effective January 1, 2020.]

This chapter does not apply to:  1. Except as otherwise provided in NRS 675.035, a person doing business under the authority of any law of this State or of the United States relating to banks, national banking associations, savings banks, trust companies, savings and loan associations, credit unions, mortgage companies, thrift companies, pawnbrokers or insurance companies.  2. A real estate investment trust, as defined in 26 U.S.C. § 856.  3. An employee benefit plan, as defined in 29 U.S.C. § 1002(3), if the loan is made directly from money in the plan by the plan’s trustee.  4. An attorney at law rendering services in the performance of his or her duties as an attorney at law if the loan is secured by real property.  5. A real estate broker rendering services in the performance of his or her duties as a real estate broker if the loan is secured by real property.  6. Except as otherwise provided in this subsection, any firm or corporation:  (a) Whose principal purpose or activity is lending money on real property which is secured by a mortgage;  (b) Approved by the Federal National Mortgage Association as a seller or servicer; and  (c) Approved by the Department of Housing and Urban Development and the Department of Veterans Affairs.  7. A person who provides money for investment in loans secured by a lien on real property, on his or her own account.  8. A seller of real property who offers credit secured by a mortgage of the property sold.  9. A person holding a nonrestricted state gaming license issued pursuant to the provisions of chapter 463 of NRS.  10. A person licensed to do business pursuant to chapter 604A of NRS with regard to those services regulated pursuant to chapter 604A of NRS.  11. A person who exclusively extends credit to any person who is not a resident of this State for any business, commercial or agricultural purpose that is located outside of this State.  12. Except as otherwise required by the Director of the Department of Business and Industry pursuant to NRS 657A.430 or 657A.620, a participant in the Regulatory Experimentation Program for Product Innovation established and administered pursuant to chapter 657A of NRS.  (Added to NRS by 1959, 227; A 1983, 153, 1313; 1989, 1064; 1991, 818; 1995, 1100; 1999, 3810; 2003, 3578; 2005, 1713; 2007, 945; 2013, 1251; 2017, 801, 3104; 2019, 3997, effective January 1, 2020)
NV Rev Stat § 675.045 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.045 - Certain relationships between employees of Division of Financial Institutions and licensees prohibited; termination of prohibited relationship.

  1. Except as provided in subsection 3, an officer or employee of the Division of Financial Institutions shall not:  (a) Be directly or indirectly interested in or act on behalf of any licensee;  (b) Receive, directly or indirectly, any payment from any licensee;  (c) Be indebted to any licensee;  (d) Engage in the negotiation of loans for others with any licensee; or  (e) Obtain credit or services from a licensee conditioned upon a fraudulent practice or undue or unfair preference over other customers.  2. An employee of the Division in the unclassified service of the State shall not obtain new extensions of credit from a licensee while in office.  3. Any officer or employee of the Division of Financial Institutions may be indebted to a licensee on the same terms as are available to the public generally upon a secured installment debt or an unsecured debt.  4. If an officer or employee of the Division of Financial Institutions has a service, a preferred consideration, an interest or a relationship prohibited by this section at the time of his or her appointment or employment, or obtains it during his or her employment, he or she shall terminate it within 120 days after the date of his or her appointment or employment or the discovery of the prohibited act.  (Added to NRS by 1983, 1805)
NV Rev Stat § 675.050 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.050 - Effect of amendment or repeal of chapter on preexisting lawful contracts.

This chapter or any part thereof may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a licensee under this chapter, provided that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful contract between any licensee and any borrower.  (Added to NRS by 1959, 227)
NV Rev Stat § 675.055 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.055 - Exemption from provisions governing making of loans: Application to Commissioner; grounds; powers and duties of Commissioner; regulations; fees set by regulation.

  1. A person may apply to the Commissioner for an exemption from the provisions of this chapter governing the making of a loan of money.  2. The Commissioner may grant the exemption if he or she finds that:  (a) The making of the loan would not be detrimental to the financial condition of the lender, borrower or person who is providing the money for the loan;  (b) The lender, borrower or person who is providing the money for the loan has established a record of sound performance, efficient management, financial responsibility and integrity;  (c) The making of the loan is likely to increase the availability of capital for a sector of the state economy; and  (d) The making of the loan is not detrimental to the public interest.  3. The Commissioner:  (a) May revoke an exemption unless the loan for which the exemption was granted has been made;  (b) Shall issue a written statement setting forth the reasons for his or her decision to grant, deny or revoke an exemption; and  (c) Shall adopt regulations which provide the application forms to be used to apply for an exemption and the fees to be paid along with the application.  (Added to NRS by 1989, 1064)
NV Rev Stat § 675.060 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.060 - Unlicensed dealing in loans prohibited; license required for each office or other place of business.

  1. No person may engage in the business of lending in this State without first having obtained a license from the Commissioner pursuant to this chapter for each office or other place of business at which the person engages in such business, except that if a person intends to engage in the business of lending in this State as a deferred deposit loan service, high-interest loan service or title loan service, as those terms are defined in chapter 604A of NRS, the person must obtain a license from the Commissioner pursuant to chapter 604A of NRS before the person may engage in any such business.  2. For the purpose of this section, a person engages in the business of lending in this State if he or she:  (a) Solicits loans in this State or makes loans to persons in this State, unless these are isolated, incidental or occasional transactions; or  (b) Is located in this State and solicits loans outside of this State or makes loans to persons located outside of this State, unless these are isolated, incidental or occasional transactions.  (Added to NRS by 1959, 228; A 1971, 1366; 1973, 1515; 1983, 1313, 1806; 1987, 178, 1987; 1993, 2045; 2001, 2047; 2005, 1714; 2007, 946)
NV Rev Stat § 675.070 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.070 - Application of NRS 675.060 to persons who seek to evade.

The provisions of NRS 675.060 shall apply to any person who seeks to evade its application by any device, subterfuge or pretense whatever, including, but not thereby limiting the generality of the foregoing:  1. The loan, forbearance, use or sale of credit (as guarantor, surety, endorser, comaker or otherwise), money, goods, or things in action.  2. The use of collateral or related sales or purchases of goods or services, or agreements to sell or purchase, whether real or pretended.  3. Receiving or charging compensation for goods or services, whether or not sold, delivered or provided.  4. The real or pretended negotiation, arrangement or procurement of a loan through any use or activity of a third person, whether real or fictitious.  (Added to NRS by 1959, 228)
NV Rev Stat § 675.090 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.090 - Application for license: Form; contents; requirements when applying for license for office or other place of business located outside State; withdrawal of application.

  1. Application for a license must be in writing, under oath, and in the form prescribed by the Commissioner.  2. The application must:  (a) Provide the address of the office or other place of business for which the application is submitted.  (b) Contain such further relevant information as the Commissioner may require, including the names and addresses of the partners, officers, directors or trustees, and of such of the principal owners or members as will provide the basis for the investigations and findings contemplated by NRS 675.110 and 675.120.  3. A person may apply for a license for an office or other place of business located outside this State from which the applicant will conduct business in this State if:  (a) The applicant is an Internet business lender; or  (b) The applicant or a subsidiary or affiliate of the applicant has a license issued pursuant to this chapter for an office or other place of business located in this State.  4. A person who wishes to apply for a license pursuant to subsection 3 must submit with the application for a license a statement signed by the applicant which states that the applicant agrees to:  (a) Make available at a location within this State the books, accounts, papers, records and files of the office or place of business located outside this State to the Commissioner or a representative of the Commissioner; or  (b) Pay the reasonable expenses for travel, meals and lodging of the Commissioner or a representative of the Commissioner incurred during any investigation or examination made at the office or place of business located outside this State.  The person must be allowed to choose between paragraph (a) or (b) in complying with the provisions of this subsection.  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 6 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 an applicant otherwise withdraws an 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 1959, 228; A 1983, 1806; 1987, 1987; 2001, 2047; 2005, 1881; 2019, 3998; 2020, 32nd Special Session, 5)
NV Rev Stat § 675.095 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.095 - 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.  (6) If the applicant is a natural person:  (I) Is at least 21 years of age; and  (II) Is a citizen of the United States or lawfully entitled to remain and work in the United States.  (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, 1880)
NV Rev Stat § 675.100 (2021)
2021 Nevada Revised Statutes|Chapter 675 - Installment Loans|NRS 675.100 - Fees for application and investigation; regulations.

  1. At the time of making the application, the applicant shall pay to the Commissioner:  (a) A nonrefundable fee of not more than $1,000 for the application and survey;  (b) Any additional expenses incurred in the process of investigation as the Commissioner deems necessary; and  (c) A fee of not less than $200 or more than $1,000, prorated on the basis of the licensing year as provided by the Commissioner.  2. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account created by NRS 232.545.  (Added to NRS by 1959, 228; A 1981, 757; 1983, 1326, 1807; 1987, 1988; 1991, 1814; 2005, 1882)