reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.640 - When supervision as state savings bank ceases; when property and assets vest in converted entity; enjoyment of property by converted entity.

1. At the time when the conversion becomes effective, the savings bank shall cease to be supervised by this state pursuant to this chapter, but shall continue as a body corporate converted pursuant to the provisions of the Home Owners’ Loan Act of 1933, the National Bank Act or chapters 657 to 671, inclusive, of NRS, as applicable, and subject to examination and regulation pursuant to the act or title, as applicable.
2. All the property of the savings bank, including all its right, title and interest in and to all property of whatever kind, whether real, personal or mixed, and things in action, and every right, privilege, interest and asset of any conceivable value of benefit then existing, belonging or pertaining to it, or which would inure to it, shall immediately by operation of law, and without any conveyance or transfer, and without any further act or deed be vested in and become the property of the federal savings bank, national bank or state bank, as applicable. Such institution shall have, hold and enjoy the same in its own right as fully and to the same extent as the same was possessed, held and enjoyed by the savings bank.
3. The federal savings bank, national bank or state bank, as applicable, as of the time of taking effect of such conversion shall succeed to all the rights, obligations and relations of the savings bank.
[2:60:1935; 1931 NCL § 973.02]—(NRS A 2017, 1951)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.650 - Conversion authorized; votes necessary.

A federal savings bank, national bank or state bank may convert itself into a savings bank under the laws of this State upon a vote of 51 percent or more of the votes of members of the converting institution cast at any regular or special meeting called to consider the action.
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 1977, 504; 2017, 1952)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.660 - Time for election of directors after conversion; time directors to hold office.

At the meeting the members shall also vote upon the directors who shall be the directors of the savings bank after conversion takes effect, to hold office until the next annual meeting and until their successors are elected and qualified.
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 1977, 504; 2017, 1952)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.670 - Filing of verified minutes of stockholders’ meeting.

Copies of the minutes of the proceedings of the meeting, verified by the affidavit of the president or vice president and the secretary or an assistant secretary, must be filed in the Office of the Commissioner and, in duplicate, with the Federal Home Loan Bank or Federal Reserve Bank of which the savings bank is a member and, for a federal savings bank or national bank which converts to a savings bank, the Office of the Comptroller of the Currency, within 10 days after the meeting.
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 1961, 780; 1983, 1805; 1987, 1987; 2017, 1952)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.680 - Verified copy of minutes as presumptive evidence of holding meeting and action taken.

The verified copies of the minutes of the meeting, when filed as required by NRS 673.670, shall be presumptive evidence of the holding and action of such meeting.
[Part 1:140:1939; 1931 NCL § 974.30]
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.690 - Converting institution and directors to take necessary action to incorporate as state savings bank; no minimum amount of capital required.

1. After the meeting, the converting institution shall take such action in the manner prescribed and authorized by the laws of this state as shall make it a savings bank of this state, and the directors elected at the meeting shall file such documents and follow such procedures as are required by the laws of this state in the case of the original incorporation of a savings bank.
2. A savings bank incorporated by conversion from a federal savings bank, national bank or state bank shall not be required to comply with any of the provisions of law or any regulation adopted by the Commissioner relating to the minimum amounts of capital required to be subscribed in connection with the original incorporation of a savings bank under the laws of this state.
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 1961, 780; 1977, 505; 1983, 1805; 1987, 1987; 2017, 1952)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.700 - Inclusion of statement of conversion in articles permissible.

The directors may, if they so desire, insert in the articles of incorporation the following statement: "This savings bank (company or corporation) is incorporated by conversion from a federal savings bank, national bank or state bank, as applicable."
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 2017, 1952)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.710 - Time for filing articles of incorporation with Federal Home Loan Bank or Federal Reserve Bank; number of copies; certification by Secretary of State.

Within 10 days after the filing of the articles of incorporation with the Secretary of State, there shall be filed with the Federal Home Loan Bank or Federal Reserve Bank of which such savings bank is a member two copies of the articles of incorporation, certified by the Secretary of State.
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 2017, 1953)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.720 - Time of cessation as federal savings bank or state or national bank; time of vesting of property in savings bank under new name and style.

Upon the filing of the articles of incorporation with the Secretary of State, the institution ceases to be a federal savings bank, national bank or state bank, as applicable, and thereafter is a savings bank. All of the property of the converting institution, including all of its right, title and interest in and to all property of every kind and character, whether real, personal or mixed, immediately by operation of law, without any conveyance or transfer and without any further act or deed, vests in the savings bank under its new name and style as a savings bank, and under its new jurisdiction.
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 1977, 505; 2017, 1953)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.730 - Enjoyment of property by converted savings bank; savings bank as continuation of previous institution.

The savings bank shall have, hold and enjoy the property mentioned in NRS 673.720 in its own right as fully and to the same extent as the property was possessed, held and enjoyed by it as a federal savings bank, national bank or state bank, and the savings bank continues to be responsible for all of the obligations of the institution before its conversion to the same extent as though the conversion had not taken place. It is expressly declared that the savings bank is merely a continuation of the institution before its conversion under a new name, a new jurisdiction and such revision of its corporate structure as may be considered necessary for its proper operation under the new jurisdiction.
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 1977, 505; 2017, 1953)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.740 - Acts permitted executors, administrators, fiduciaries and certain other entities without obtaining court approval.

Every executor, administrator, trustee, guardian, receiver, fiduciary, public corporation, political subdivision, public instrumentality, charitable, educational and eleemosynary institution, bank, savings bank, trust company, financial institution, insurance company, or cemetery association, without the necessity of obtaining court approval, may:
1. Vote in person or by proxy in favor of converting a federal savings bank, national bank or state bank into a savings bank, or may approve the determination so to convert.
2. Exchange any shares, share accounts or other rights or claims for securities issued by the savings bank, and may continue to hold as a legal investment any securities so received.
[Part 1:140:1939; 1931 NCL § 974.30]—(NRS A 1977, 505; 2017, 1953)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.750 - Powers and privileges same as domestic savings bank; conditions.

Every federal savings bank incorporated under the provisions of the Home Owners’ Loan Act of 1933, 12 U.S.C. §§ 1461 to 1468, inclusive, as amended or supplemented, having its principal place of business in the State of Nevada, and the holders of shares or share accounts issued by the federal savings bank, respectively, have all the rights, powers and privileges, and are entitled to the same exemptions and immunities granted, respectively, to savings banks organized under the laws of this State and to the holders of deposit accounts, investment certificates or guaranty stock of savings banks.
[1:129:1939; 1931 NCL § 974.20]—(NRS A 1963, 472; 1977, 506; 2017, 1953)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.773 - Definitions.

As used in NRS 673.773 to 673.807, inclusive, unless the context otherwise requires, the words and terms defined in NRS 673.777 to 673.797, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 2007, 1490)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.803 - Training; reporting to designated reporter.

1. Each savings bank shall provide training concerning the identification and reporting of the suspected exploitation of an older person or vulnerable person to each director, officer and employee of the savings bank who:
(a) May, as part of his or her regular duties for the savings bank, 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 director, officer or employee is employed by the savings bank or assumes the position.
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. A director, officer or 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, 1491; A 2017, 1954)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.807 - Designated reporter: Designation; duty to report; immunity.

1. Each savings bank shall designate a person or persons to whom a director, officer or employee of the savings bank must report known or suspected exploitation of an older person or vulnerable person.
2. If a director, officer or 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. A director, officer, 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, 1491; A 2017, 1954; 2019, 3500)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.810 - Making false statement concerning financial condition of savings bank.

Any person who knowingly makes, utters, circulates or transmits to another, or others, any statement untrue in fact, derogatory to the financial condition of any such savings bank doing business in this state, with intent to injure the savings bank, or who counsels, aids, procures or induces another to originate, make, utter, transmit or circulate any such statement or rumor, with like intent, is guilty of a misdemeanor.
[31:51:1931; 1931 NCL § 970.21]—(NRS A 1967, 649; 1977, 506; 2017, 1955)
2023 Nevada Revised Statutes › Chapter 673 - Savings Banks › NRS 673.820 - Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank; administrative fines.

In addition to any other remedy or penalty:
1. Any savings bank which violates any provisions of this chapter or fraudulently misrepresents the terms of any contract or of any securities, and thereby secures a sale therefor, shall be punished by an administrative fine of not more than $10,000 and forfeiture and revocation of all licenses issued to it under the provisions of this chapter.
2. The Commissioner may impose an administrative fine of not more than $10,000 upon a person who:
(a) Without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter; or
(b) Violates any provision of this chapter or any regulation adopted pursuant thereto.
[Part 18:51:1931; 1931 NCL § 970.17]—(NRS A 1967, 649; 1977, 506; 2005, 1880; 2017, 1955)
2023 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)
2023 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)
2023 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)
2023 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)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.035 - Applicability of chapter.

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)
2023 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 of Financial Institutions 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)
2023 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)
2023 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)
2023 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; exceptions.

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:
1. 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. An employee of a licensee may engage in the business of lending in this State at a remote location in accordance with NRS 675.2965 to 675.299, inclusive.
(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; 2023, 3477)
2023 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)
2023 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)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.095 - Application for license: Additional requirements; grounds for refusal to issue license.

1. In addition to any other requirements set forth in this chapter, each applicant must submit proof satisfactory to the Commissioner that the applicant:
(a) 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.
(b) Has not made a false statement of material fact on the application for the license.
(c) Has not committed any of the acts specified in subsection 2.
(d) Has not had a license issued pursuant to this chapter suspended or revoked within the 10 years immediately preceding the date of the application.
(e) Has not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude.
(f) If the applicant is a natural person:
(1) Is at least 21 years of age; and
(2) Is a citizen of the United States or lawfully entitled to remain and work in the United States.
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; A 2021, 2038)
2023 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)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.110 - Investigation by Commissioner; notice; hearing; order.

1. Upon the filing of the application and the payment of the fees, the Commissioner shall investigate the facts concerning the application and the requirements provided for in NRS 675.120.
2. The Commissioner may hold a hearing on the application at a time not less than 30 days after the date the application was filed nor more than 60 days after that date. The hearing must be held in the Office of the Commissioner or such other place as he or she may designate. Notice in writing of the hearing must be sent to the applicant and to any licensee to which a notice of the application has been given and to such other persons as the Commissioner may see fit, at least 10 days before the date set for the hearing.
3. The Commissioner shall make his or her order granting or denying the application within 10 days after the date of the closing of the hearing, unless the period is extended by written agreement between the applicant and the Commissioner.
(Added to NRS by 1959, 229; A 1981, 104; 1983, 1807; 1987, 1988; 2001, 2048)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.120 - Issuance of license subsequent to findings by Commissioner.

If the Commissioner finds:
1. That the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief that the business will be operated lawfully, honestly, fairly and efficiently, within the purposes of this chapter; and
2. That the applicant, unless he or she will function solely as a loan broker, has available for the operation of the business at the specified location identified in the application liquid assets of at least $50,000,
he or she shall thereupon enter an order granting the application, and file his or her findings of fact together with the transcript of any hearing held under this chapter, and forthwith issue and deliver a license to the applicant.
(Added to NRS by 1959, 229; A 1971, 1366; 1983, 1807; 1987, 178, 1988; 2001, 2048; 2023, 3478)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.130 - Required statements on license.

Each license shall:
1. State the address at which the business is to be conducted, not including any remote location; and
2. State fully the name of the licensee, and if the licensee is a copartnership or association, the names of its members, and if a corporation, the date and place of its incorporation.
(Added to NRS by 1959, 229; A 2023, 3478)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.140 - Expiration, renewal and reinstatement of license; fees; regulations.

1. A license expires on December 31 of each year unless renewed by the licensee. To renew a license, a licensee must submit to the Commissioner on or after November 1 and on or before December 31 of each year:
(a) An application for renewal; and
(b) A fee of not more than $1,000 for each license held by the licensee.
2. If a licensee fails to submit any item required pursuant to subsection 1 to the Commissioner on or after November 1 and on or before December 31 of any year, the license is cancelled as of December 31 of that year. The Commissioner may reinstate a cancelled license if the licensee submits to the Commissioner on or before February 28 of the following year:
(a) An application for renewal;
(b) The fee specified in paragraph (b) of subsection 1; and
(c) A fee of not more than $400 for reinstatement.
3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
(Added to NRS by 1959, 229; A 1981, 757; 1983, 1807; 1987, 1989; 1989, 922; 2005, 1882; 2021, 2039)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.150 - Procedure for denial of license.

1. If the Commissioner finds that any applicant does not possess the requirements specified in this chapter, he or she shall enter an order denying the application and forthwith notify the applicant of the denial.
2. Within 10 days after the entry of such an order, he or she shall file his or her findings and a summary of the evidence supporting them and shall forthwith deliver a copy thereof to the applicant.
(Added to NRS by 1959, 229; A 1983, 1326, 1808; 1987, 1989)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.160 - Disposition of money collected pursuant to chapter.

Except as otherwise provided in NRS 675.100, all fees and charges collected under the provisions of this chapter must be deposited in the State Treasury pursuant to the provisions of NRS 658.091.
(Added to NRS by 1959, 230; A 1983, 1326; 2003, 3234)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.162 - Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding licensing.

1. The Commissioner may, in furtherance of his or her duties with respect to the issuance and renewal of licenses, participate in the Nationwide Multistate Licensing System and Registry. The Commissioner may take any action with respect to participation in the Registry that the Commissioner deems necessary to carry out his or her duties, including, without limitation:
(a) Facilitating and participating in the establishment and implementation of the Registry;
(b) Establishing relationships or contracts with the Registry or other entities designated by the Registry;
(c) Authorizing the Registry to collect and maintain records of applicants for and holders of licenses;
(d) Authorizing the Registry to, on behalf of the Commissioner, collect and process any fees associated with licensure, examinations, fines, assessments and any other similar fees;
(e) Requiring an applicant for a license or a licensee to use the Registry to:
(1) Apply for the issuance or renewal of a license;
(2) Amend or surrender a license;
(3) Submit any reports or the results of any examination that the Commissioner may require;
(4) Pay any applicable fees; and
(5) Engage in any other activity that the Commissioner may require; and
(f) Authorizing the Registry to, on behalf of the Commissioner, collect fingerprints in order to receive or conduct a background check on the criminal history of an applicant for a license or a licensee.
2. An applicant for a license or a licensee shall, in addition to any other fees associated with the license, pay all applicable charges to use the Registry, including, without limitation, any processing charges established by the administrator of the Registry.
3. The Commissioner may adopt any regulations the Commissioner determines to be necessary or appropriate to carry out the provisions of this section. Such regulations may, without limitation, establish additional procedures and requirements for participation in the Registry.
4. The provisions of this section shall not be construed to replace or affect the authority of the Commissioner to grant, deny, suspend, terminate, revoke or refuse to renew a license.
(Added to NRS by 2021, 2035)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.164 - Submission and processing of fingerprints.

1. The Commissioner may require an applicant for a license or a licensee to submit a complete set of fingerprints when the Commissioner determines necessary.
2. The Commissioner may use the services of the Registry to process and to submit the fingerprints to the Federal Bureau of Investigation, to the Central Repository for Nevada Records of Criminal History, to any federal or state law enforcement agency or to any other entity authorized to receive such information for the purpose of conducting a background check of the criminal history of an applicant for a license or a licensee.
(Added to NRS by 2021, 2036)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.166 - Commissioner required to report certain information or material to Registry; confidentiality of information or material provided; Commissioner authorized to enter into certain agreements and arrangements.

1. Subject to any limitations or restrictions contained in federal or state law governing the privacy or confidentiality of records, the Commissioner shall report regularly any violations of applicable laws committed by applicants for a license or licensees, enforcement actions and other relevant information to the Registry.
2. The requirements under any federal or state law, including, without limitation, rules of a federal or state court, regarding the privacy and confidentiality of any information or material provided to the Registry and any privilege arising under federal or state law with respect to such information or material, continue to apply to such information or material after it has been disclosed to the Registry. Such information and material may be shared with federal and state regulatory officials with oversight authority over licensees without the loss of privilege or the loss of confidentiality protections provided by federal or state law.
3. The Commissioner may enter into agreements or sharing arrangements with other governmental agencies, the Conference of State Bank Supervisors, the State Regulatory Registry, LLC, or other associations representing governmental agencies.
(Added to NRS by 2021, 2036)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.168 - Additional materials required to be submitted to Registry.

1. In addition to any other requirements set forth by specific statute, each applicant for the issuance of a license and each owner, officer, director and responsible person of the applicant, each person in control of the applicant and any other person the Commissioner may require in accordance with guidelines of the Registry or other multistate agreements shall submit to the Registry:
(a) A complete set of fingerprints for submission to the Federal Bureau of Investigation and any other governmental agency or entity authorized to receive such information for a state, national and international background check on the criminal history of the person;
(b) Information concerning the personal history, financial history and experience of the person in a form prescribed by the Registry, including, without limitation, an authorization of the person for the Registry and the Commissioner to obtain:
(1) An independent credit report and credit score from a consumer reporting agency described in section 603(f) of the Fair Credit Reporting Act, 15 U.S.C. § 1681a(f), for the purpose of evaluating the financial responsibility of the person at the time of the submission of the application; and
(2) Additional independent credit reports and credit scores to confirm that the applicant continues to comply with any applicable requirements concerning financial responsibility;
(c) Information related to any administrative, civil or criminal findings made by any governmental jurisdiction concerning the person; and
(d) Any other information concerning the person that the Registry or Commissioner may require.
2. As used in this section:
(a) "Control" has the meaning ascribed to it in NRS 682A.047.
(b) "Responsible person" means a person who is employed by an applicant and who has principal, active managerial authority over the provision of services in this State.
(Added to NRS by 2021, 2037)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.169 - Licensee required to register and maintain unique identifier; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry.

1. Each licensee shall register with and maintain a valid unique identifier with the Registry.
2. The Commissioner may issue a license through the Registry.
3. To the extent that the Commissioner has delegated to the Registry any of his or her duties with respect to the issuance and renewal of licenses as authorized by this chapter, any reference to the Commissioner in this chapter shall be deemed to be a reference to the Registry.
4. As used in this section, "unique identifier" means a number or other identifier assigned by the protocols established by the Registry.
(Added to NRS by 2021, 2037)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.170 - Regulations and orders of Commissioner.

1. The Commissioner:
(a) May adopt regulations and make orders for the administration and enforcement of this chapter, in addition hereto and not inconsistent herewith.
(b) Shall adopt regulations to administer, carry out and enforce the provisions of NRS 675.3693, 675.3695 and 675.3697.
2. Every regulation must be promulgated by an order, and any ruling, demand, requirement or similar administrative act may be promulgated by an order.
3. Every order must be in writing, must state its effective date and the date of its promulgation, and must be entered in an indexed permanent book which is a public record.
4. A copy of every order promulgating a regulation and of every other order containing a requirement of general application must be mailed to each licensee at least 20 days before the effective date thereof.
(Added to NRS by 1959, 230; A 1983, 1808; 1987, 1989; 2019, 951)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.210 - Places of business maintainable by licensee under license; issuance of more than one license to licensee; exceptions.

Not more than one place of business may be maintained under the same license. The Commissioner may issue additional licenses to the same licensee for other business locations upon compliance with all the provisions of this chapter governing issuance of a single license. Nothing herein requires a license for:
1. Any place of business devoted to accounting, recordkeeping or administrative purposes only; or
2. A remote location.
(Added to NRS by 1959, 230; A 1983, 1808; 1987, 1989; 2023, 3478)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.220 - Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice.

1. A licensee who wishes to change the address of an office or other place of business for which he or she has a license pursuant to this chapter must, at least 10 days before changing the address, give written notice of the proposed change to the Commissioner.
2. Upon receipt of the proposed change of address pursuant to subsection 1, the Commissioner shall provide written approval of the change and the date of the approval.
3. If a licensee fails to provide notice as required pursuant to subsection 1, the Commissioner may impose a fine in an amount not to exceed $500.
(Added to NRS by 1959, 230; A 1983, 1808; 1987, 1989; 2001, 2049)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.230 - Restriction on location of business of making loans.

1. Except as otherwise provided in subsections 2 and 3, a licensee may not conduct the business of making loans under this chapter within any office, suite, room or place of business in which any other business is solicited or engaged in, except an insurance agency or notary public, or in association or conjunction with any other business, unless authority to do so is given by the Commissioner.
2. A licensee may conduct the business of making loans pursuant to this chapter in the same office or place of business as a mortgage company if:
(a) The licensee and the mortgage company:
(1) Operate as separate legal entities;
(2) Maintain separate accounts, books and records;
(3) Are subsidiaries of the same parent corporation; and
(4) Maintain separate licenses; and
(b) The mortgage company is licensed by this state pursuant to chapter 645B of NRS and does not receive money to acquire or repay loans or maintain trust accounts as provided by NRS 645B.175.
3. A licensee who is an Internet business lender may conduct the business of making loans pursuant to this chapter within any office, suite, room or place of business in which any other business is solicited or engaged in.
(Added to NRS by 1959, 230; A 1983, 1809; 1987, 1990; 1991, 884; 1999, 3810; 2003, 3579; 2017, 3104; 2019, 3999; 2020, 32nd Special Session, 6)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.240 - Name under and place at which business transactable by licensee; loans by mail; accommodations; lending at remote location.

No licensee shall conduct the business of making loans provided for by this chapter under any name or at any place other than that stated in the license. Nothing herein shall prevent:
1. The making of loans by mail nor prohibit accommodations to individual borrowers when necessitated by hours of employment, sickness or other emergency situations; or
2. A licensee from authorizing an employee to engage in the business of lending in this State at a remote location in accordance with NRS 675.2965 to 675.299, inclusive.
(Added to NRS by 1959, 231; A 2023, 3478)
2023 Nevada Revised Statutes › Chapter 675 - Installment Loans › NRS 675.245 - Use or change of business name; prohibitions.

1. A licensee must obtain the approval of the Commissioner before using or changing a business name.
2. A licensee shall not:
(a) Use any business name which is identical or similar to a business name used by another licensee under this chapter or which may mislead or confuse the public.
(b) Use any printed forms which may mislead or confuse the public.
(Added to NRS by 2005, 1881)