reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 656A - Interpreters and Realtime Captioning Providers › DISCIPLINARY ACTION › Section 656A.630 - Disciplinary hearing: Requirements for service of notice

Current through June 11, 2024
The Division will cause the notice required pursuant to NAC
				656A.620  to be made either in person or by registered or certified mail, return
				receipt requested, and addressed to the sign language interpreter or
				Communication Access Realtime Translation provider, and the school district in
				which he or she works, if applicable, at the last known address of each person.
				If service cannot be made in person and if notice by mail is returned as
				undelivered, the Division will publish notice once a week for 4 consecutive
				weeks in a newspaper published in the county of the last known address of the
				sign language interpreter or Communication Access Realtime Translation provider
				or, if no newspaper is published in the county, in a newspaper widely
				distributed in that county.
Added to NAC by Office of
				Disability Services by R210-08, eff. 10-1-2008; A by
				R016-22A,
				eff. 9/20/2022;	A by
				R016-22A,
				eff. 9/20/2022
NRS 656A.090,
				  656A.500
Nevada Administrative Code › Chapter 656A - Interpreters and Realtime Captioning Providers › DISCIPLINARY ACTION › Section 656A.640 - Authorized disciplinary action; administrative fine; imposition of ban without written notice in emergency; decision of Division is final

Current through June 11, 2024
1. If the Division determines that a sign
			 language interpreter or Communication Access Realtime Translation provider has
			 engaged in an activity for which disciplinary action is authorized pursuant to
			 NAC 656A.600, the Division will issue an order:
(a) Placing the sign language interpreter or
			 Communication Access Realtime Translation provider on probation with the
			 Division for a specified period of time, according to any conditions set forth
			 in the order;
(b) Placing a
			 limitation on the registration of the sign language interpreter or
			 Communication Access Realtime Translation provider;
(c) Suspending the registration of the sign
			 language interpreter or Communication Access Realtime Translation provider for
			 a specified period of time or until the Division orders his or her registration
			 to be reinstated;
(d) Revoking the
			 registration of the sign language interpreter or Communication Access Realtime
			 Translation provider; or
(e)
			 Requiring the sign language interpreter or Communication Access Realtime
			 Translation provider to sign a plan of correction developed by the Division
			 that:
(1) Describes the actions to be taken by
			 the sign language interpreter or Communication Access Realtime Translation
			 provider to correct deficiencies; and
(2) Specifies the date by which those
			 deficiencies must be corrected.
Nevada Administrative Code › Chapter 656A - Interpreters and Realtime Captioning Providers › DISCIPLINARY ACTION › Section 656A.650 - Application to remove limitation on registration or to restore or reinstate registration

Current through June 11, 2024
1. A sign language
			 interpreter or realtime captioning provider whose registration to engage in the
			 practice of sign language interpreting or Communication Access Realtime
			 Translation has been limited, suspended or revoked pursuant to NAC 656A.640  may
			 apply to the Division to remove the limitation or to restore or reinstate his
			 or her registration.
2. Such an
			 applicant has the burden of proving by clear and convincing evidence that the
			 applicant has complied with all of the terms and conditions set forth in the
			 final order of the Division and that the applicant is capable of practicing as
			 a sign language interpreter or realtime captioning provider with reasonable
			 skill. The Division will not remove a limitation or restore or reinstate a
			 registration pursuant to this section until it is satisfied that the applicant
			 has met this burden of proof.
3. In
			 addition to the requirements of subsection 2, a sign language interpreter or
			 Communication Access Realtime Translation provider whose registration has been
			 suspended or revoked pursuant to NAC 656A.640  must apply for registration with
			 the Division pursuant to NAC 656A.220  and successfully complete the application
			 process required of new applicants.
Added to NAC by Office of
				Disability Services by R210-08, eff. 10-1-2008; A by
				R016-22A,
				eff. 9/20/2022;	A by
				R016-22A,
				eff. 9/20/2022
NRS 656A.090,
				  656A.510
Nevada Administrative Code › Chapter 657 - Financial Institutions › Section 657.010 - Submission of fingerprints with certain applications

Current through June 11, 2024
In addition to any other information required by law, the
			 Commissioner of Financial Institutions may require an applicant for a license,
			 a certificate, permission to organize or approval of a change of control
			 pursuant to chapter 604A, 645A, 645B, 649, 659, 671, 672, 673, 675 or 677 of
			 NRS to submit a fingerprint card with his or her application. Fingerprints must
			 be taken by a recognized law enforcement agency.
Added to NAC by Comm'r of Financial Institutions, eff. 5-27-92; A by R094-98, 8-28-98;	A by
			 R098-23A,
			 eff. 6/6/2024
NRS 604A.300, 604A.605,
				672.250
Nevada Administrative Code › Chapter 658 - Banks: Supervision › Section 658.010 - Fee for supervision and examination: Collection; determination of amount; failure to pay; additional costs

Current through June 11, 2024
1. On or before June 30 of each year, the Commissioner of Financial Institutions will collect a fee from each bank for the supervision and examination of the bank pursuant to chapters 657 to 668, inclusive, of NRS.
2. The fee is based on the portion of the annual budget approved by the Legislature for expenses related to the operations of the Commissioner and the Division of Financial Institutions minus all other revenues collected by the Division, not including reserves. Each bank shall pay a share of that amount as determined by the following schedule:
Total Assets
Base Fee
+ Fee Exceeding Base
Less than $5,000,000
$5,000
N/A
$5,000,000 or more, but less than $10,000,000
5,000
$.25 per thousand of assets exceeding $5,000,000
$10,000,000 or more, but less than $50,000,000
6,250
$.19 per thousand of assets exceeding $10,000,000
$50,000,000 or more, but less than $100,000,000
13,850
$.12 per thousand of assets exceeding $50,000,000
$100,000,000 or more, but less than $500,000,000
19,850
$.10 per thousand of assets exceeding $100,000,000
$500,000,000 or more, but less than $1,000,000,000
59,850
$.07 per thousand of assets exceeding $500,000,000
$1,000,000,000 or more, but less than $3,000,000,000
94,850
$.05 per thousand of assets exceeding $1,000,000,000
$3,000,000,000 or more, but less than $10,000,000,000
194,850
$.03 per thousand of assets exceeding $3,000,000,000
$10,000,000,000 or more, but less than $20,000,000,000
404,850
$.02 per thousand of assets exceeding $10,000,000,000
$20,000,000,000 or more
604,850
$.01 per thousand of assets exceeding $20,000,000,000
Any adjustment to the fee must be made in a proportionate amount that is based on the relationship that the fee determined for each bank bears to the total fee imposed on all banks licensed pursuant to chapters 657 to 668, inclusive, of NRS. The fee is calculated as of June 1 of each year based upon the number of banks and the total assets of each bank as of December 31 of the previous year.
3. If the fee is not paid on or before June 30, the Commissioner will assess a penalty of 10 percent of the amount of the fee and an additional 1 percent of the fee for each month or portion of a month that the fee is not paid. The Commissioner may waive the penalty for good cause.
4. The fee does not include the cost of any extraordinary examination, audit, investigation or hearing conducted by the Division. The cost of any such examination, audit, investigation or hearing is $75 per hour.
Added to NAC by Comm'r of Financial Institutions, eff. 4-20-88; A 6-17-91; A by R054-16A, eff. 9/9/2016
NRS 658.096, 658.101, 658.105
Nevada Administrative Code › Chapter 658 - Banks: Supervision › Section 658.020 - Accounting of costs related to audits and examinations

Current through June 11, 2024
Each year the Commissioner of Financial Institutions will make an accounting of the costs related to the employment of a certified public accountant and the performance of audits and examinations conducted by the Division. The results of the accounting will be made available to the public.
Added to NAC by Comm'r of Financial Institutions, eff. 12-17-87
NRS 658.096, 658.101, 658.105
Nevada Administrative Code › Chapter 658 - Banks: Supervision › Section 658.030 - Increase or decrease in assessment for costs related to audits and examinations

Current through June 11, 2024
If the Commissioner of Financial Institutions determines that the amount of money collected in any one year to cover the costs related to the employment of a certified public accountant and the performance of audits and examinations conducted by the Division exceeds the amount necessary to cover those costs by more than $2,500, or is deficient by more than $2,500, the Commissioner will increase or decrease the assessments levied for the next year in the following manner:
1. If the amount collected exceeds the amount necessary to cover those costs by more than $2,500, the Commissioner will divide the difference by the number of financial institutions required to pay the assessment and subtract that amount from the amount of the assessment levied in the previous year.
2. If the amount collected is deficient by more than $2,500, the Commissioner will divide the difference by the number of financial institutions required to pay the assessment and add that amount to the amount of the assessment levied in the previous year.
Added to NAC by Comm'r of Financial Institutions, eff. 12-17-87
NRS 658.096, 658.101, 658.105
Nevada Administrative Code › Chapter 658 - Banks: Supervision › Section 658.040 - Assessments for auditing financial institutions: "Financial institution" interpreted

Current through June 11, 2024
The Commissioner of Financial Institutions interprets the term "financial institution" as used in NRS 658.055 to have the meaning ascribed to it in NRS 232.545.
Added to NAC by Comm'r of Financial Institutions by R150-05, eff. 12-29-2005
NRS 658.105
Nevada Administrative Code › Chapter 658 - Banks: Supervision › Section 658.050 - Fees: Renewal of license for parent bank, branch bank or trust office; application for new branch bank or trust office

Current through June 11, 2024
1. On or before June 30 of each year, each licensed bank shall pay to the Division of Financial Institutions of the Department of Business and Industry:
(a) A fee of $300 for the renewal of the license of each parent bank pursuant to NRS 658.096.
(b) A fee of $150 for the renewal of the license of each branch bank or trust office pursuant to NRS 658.096.
Nevada Administrative Code › Chapter 659 - Banks: Organization and Licensing › Section 659.010 - Assessment for costs related to audits and examinations

Current through June 11, 2024
1. Except as otherwise provided in NAC 658.030, each bank shall pay to the Division of Financial Institutions of the Department of Business and Industry an annual assessment of $300 to cover the costs related to the employment of a certified public accountant and the performance of audits and examinations conducted by the Division.
2. The Division will bill each bank for the assessment. The assessment must be paid within 30 days after the date the bill is received.
3. A charge of 10 percent of the assessment will be imposed on any bank whose assessment is received by the Division after the date on which the assessment is due.
4. As used in this section, "bank" has the meaning ascribed to it in NRS 657.016.
Added to NAC by Comm'r of Financial Institutions, eff. 12-17-87; A 5-27-92
NRS 658.055, 658.105
Nevada Administrative Code › Chapter 659 - Banks: Organization and Licensing › Section 659.020 - Unlawful use of terms "bank," "banking" and "banker

Current through June 11, 2024
As used in NRS 659.125, the Commissioner of Financial Institutions interprets the terms "bank," "banking" and "banker" to include all terms in any language which have equivalent meanings.
Added to NAC by Comm'r of Financial Institutions, eff. 11-20-91
NRS 658.105, 659.125
Nevada Administrative Code › Chapter 659 - Banks: Organization and Licensing › Section 659.030 - Fee for application and survey of proposed bank

Current through June 11, 2024
An applicant for licensure as a bank must pay to the Division of Financial Institutions of the Department of Business and Industry a nonrefundable fee of $4,500 for the application and survey.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.105, 659.045
Nevada Administrative Code › Chapter 660 - Electronic Terminals › Section 660.010 - Fee for application to establish and operate mechanical teller; annual fee

Current through June 11, 2024
1. An applicant who submits an application to establish and operate a mechanical teller pursuant to NRS 660.075 must pay to the Division of Financial Institutions of the Department of Business and Industry a fee of $1 for each mechanical teller.
2. A financial institution shall pay annually to the Division of Financial Institutions of the Department of Business and Industry a fee of $1 for each mechanical teller that it operates pursuant to chapter 660 of NRS.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.105, 660.075
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.001 - Definitions (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r of Financial Institutions by R008-99, eff. 11-12-99;	R by
			 R098-23A,
			 eff. 6/6/2024
NRS 628B.210, 658.105, 662.115, 672.250, 676A.370, 676A.410,
				677.380
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.002 - "Commissioner" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r of Financial Institutions, eff. 5-15-92; A by R008-99, 11-12-99;	R by
			 R098-23A,
			 eff. 6/6/2024
NRS 628B.210, 658.105, 662.115, 672.250, 676A.370, 676A.410,
				677.380
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.003 - "Depository institution affiliate" defined

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires,
			 "depository institution affiliate" means a depository institution that directly
			 or indirectly, through one or more intermediaries, is controlled by or is under
			 common control with another depository institution.
Added to NAC by Comm'r of Financial Institutions by R008-99, eff. 11-12-99;	A by
			 R098-23A,
			 eff. 6/6/2024
NRS 658.105,
				662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.004 - Limits on amount of loans: "Capital" interpreted

Current through June 11, 2024
The Commissioner will interpret "capital," as used in NRS 662.145 and 662.155, to include the amount of common stock that is outstanding, the amount of surplus that is unimpaired and the amount of perpetual preferred stock that is outstanding and unimpaired.
Added to NAC by Comm'r of Financial Institutions, eff. 5-15-92
NRS 658.105, 662.145, 662.155
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.006 - Limits on amount of loans: "Surplus" interpreted

Current through June 11, 2024
The Commissioner will interpret "surplus," as used in NRS 662.145 and 662.155, to include:
1. Surplus, as that word is defined in NRS 657.075.
2. Undivided profits.
3. Reserves for contingencies and other capital reserves, excluding accrued dividends on perpetual and limited life preferred stock.
4. Allowances for the net losses of loans and leases.
5. Long-term capital notes or debentures, which are subject to the limitations of NAC 662.080.
Added to NAC by Comm'r of Financial Institutions, eff. 5-15-92
NRS 658.105, 662.145, 662.155
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.008 - Limits on amount of loans: "Total outstanding loans" interpreted

Current through June 11, 2024
For the purpose of determining "total outstanding loans," as used in NRS 662.145:
1. If a loan is secured by a cash deposit, which is under the direct control of the bank making the loan, the amount of the loan does not include the amount of the cash deposit.
2. Any loans subject to the requirements of subsection 1 of NRS 662.145 and subsection 1 of NRS 662.155 must be combined if:
(a) The proceeds of the loan directly benefit another borrower with loans that are outstanding at the same bank; or
(b) A common enterprise exists between the borrowers.
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.010 - Long-term capital notes or debentures: Approval before issuance

Current through June 11, 2024
A bank may issue long-term capital notes or debentures only after
			 having first received the written approval of the Commissioner. The
			 Commissioner will approve or deny such an issuance after considering whether it
			 constitutes a sound banking practice and would be in the best interests of the
			 depositors, creditors, and stockholders of the bank and the public in its
			 relations with the bank.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 1, eff. 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84;	A by
			 R098-23A,
			 eff. 6/6/2024
NRS 658.105,
				662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.020 - Long-term capital notes or debentures: Application for approval

Current through June 11, 2024
1.
		  A bank which desires to obtain approval for the issuance of long-term capital
		  notes or debentures must submit an application to the Commissioner.
2. The application must include:
(a) A statement explaining the need for and
		  the proposed use of the money which the bank intends to borrow; and
(b) Three copies of the proposed long-term
		  capital note or debenture.
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.030 - Long-term capital notes or debentures: Consideration of application

Current through June 11, 2024
The Commissioner will not consider a bank's application for or
			 approve the issuance of its long-term capital notes or debentures
			 unless:
1. The bylaws or articles of
		  incorporation of the bank grant authority to its board of directors to issue
		  the capital notes or debentures; or
2. The holders of two-thirds of the bank's
		  capital stock have approved such an issuance at a stockholders' meeting. Before
		  such a meeting, the bank shall mail or deliver to each stockholder a notice
		  containing a statement that the proposal will be submitted at the meeting and a
		  copy of the proposed debenture or agreement.
Banking Div., Long-term Capital Notes or Debentures Rule No. 1 subsec. 3, eff. 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84;	A by
			 R098-23A,
			 eff. 6/6/2024
NRS 658.105,
				662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.040 - Long-term capital notes or debentures: Obligation to depositors, other creditors

Current through June 11, 2024
1. The indebtedness of the bank evidenced by any long-term capital notes or debentures, including the principal and premium, if any, and interest on them, is subordinate in right of payment to the bank's obligations to its depositors, its obligations under banker's acceptances and letters of credit, its obligations to any Federal Reserve Bank and any similar obligations to its other creditors, whether outstanding at the time the notes or debentures are issued or thereafter incurred.
2. In any insolvency, receivership, conservatorship, reorganization, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or any liquidation or winding up of or relating to the bank, whether voluntary or involuntary, all such obligations must be paid in full before any payment is made on account of the principal of, or premium, if any, or interest on, the capital notes or debentures.
3. A provision containing the substance of subsections 1 and 2 must be incorporated in every long-term capital note, debenture, or agreement for purchase or sale of such capital notes or debentures.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 4, eff. 12-14-78
NRS 658.105, 662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.050 - Long-term capital notes or debentures: Maximum amount of issuance

Current through June 11, 2024
A bank shall not issue long-term capital notes or debentures in an amount exceeding 100 percent of its paid in capital stock plus 50 percent of its unimpaired surplus.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 5, eff. 12-14-78
NRS 658.105, 662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.060 - Long-term capital notes or debentures: Period of maturity

Current through June 11, 2024
The Commissioner will prescribe periods of maturity not exceeding
			 25 years for any issue of such long-term capital notes or debentures, and the
			 issuing bank shall establish a schedule of prepayments or an appropriate
			 sinking fund for the amortization of the indebtedness.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 6, eff. 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84;	A by
			 R098-23A,
			 eff. 6/6/2024
NRS 658.105,
				662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.070 - Long-term capital notes or debentures: Conversion to stock

Current through June 11, 2024
No such long-term capital notes or debentures may be converted
			 into capital stock, either common or preferred, of the issuing bank without
			 prior consent of the Commissioner.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 7, eff. 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84;	A by
			 R098-23A,
			 eff. 6/6/2024
NRS 658.105,
				662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.080 - Long-term capital notes or debentures: Computation of requirements for capital and limits on amount of loans

Current through June 11, 2024
Any such long-term capital notes or debentures must be considered a portion of the:
1. Capital or capital structure of the issuing bank in computation of the capital requirements set forth in NRS 661.025.
2. Capital and surplus of the issuing bank, in an amount not to exceed 50 percent of that capital and surplus, in computation of the legal lending limits of the bank as set forth in NRS 662.145.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 8, eff. 12-14-78-NAC A by Comm'r of Financial Institutions, 1-11-91
NRS 658.105, 662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.090 - Long-term capital notes or debentures: Acquisition by bank

Current through June 11, 2024
1. A bank chartered by the State of Nevada which issues long-term capital notes or debentures shall not acquire or hold any of these capital notes or debentures in carrying out its duties to invest any of its own assets or any money which it holds in trust or holds as a sinking fund depository for its own capital notes or debentures, except that these long-term capital notes or debentures may be held in trust where the trustor specifically authorizes in the trust instrument that they may be held in trust.
2. If any such capital notes or debentures are acquired by a bank contrary to the provisions of this section, the capital notes or debentures must be sold immediately or charged to the profit and loss account.
Banking Div., Long-Term Capital Notes or Debentures Rule No. 1 subsec. 9, eff. 12-14-78
NRS 658.105, 662.115
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.100 - Deposit with affiliate of money held as fiduciary or agent: Collateral security

Current through June 11, 2024
If a bank deposits money held by the bank as a fiduciary or agent with an affiliate pursuant to subsection 3 of NRS 662.097 and the money deposited exceeds the amount of federal deposit insurance applicable to the money, the affiliate shall deliver to the bank or put under the control of the bank collateral security in accordance with 12 C.F.R. §
								9.10.
Added to NAC by Comm'r of Financial Institutions, eff. 5-27-92
NRS 658.105
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.110 - Borrowing money from depository institution affiliates

Current through June 11, 2024
Notwithstanding the provisions of subsections 2 and 3 of NRS 662.175, a bank may borrow money from a depository institution affiliate to the same extent that a national bank may borrow money from a depository institution affiliate.
Added to NAC by Comm'r of Financial Institutions by R008-99, eff. 11-12-99
NRS 658.105, 662.015
Nevada Administrative Code › Chapter 662 - Banks: Powers and Miscellaneous Provisions › Section 662.120 - Appointment of foreign organization to act as fiduciary: Fees for appointment and service of process

Current through June 11, 2024
1. A document filed with the Secretary of State by an organization that seeks to be appointed to act as a fiduciary pursuant to NRS 662.245 must be accompanied by a fee of $15.
2. Service of process filed with the Secretary of State for an organization appointed to act as a fiduciary pursuant to NRS 662.245 must be accompanied by a fee of $15.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.105, 662.245
Nevada Administrative Code › Chapter 665 - Banks: Examination and Reports › Section 665.010 - Retention of records: Requirements

Current through June 11, 2024
1. Each period of retention starts with the date of the final transaction, the closing date of the account or the payment date of the official check.
2. If a record (or printout) generated by a computer can be related to a record listed in NAC 665.020, the bank shall retain the record so generated for the period listed for the related record.
3. The period of retention for any record which is not listed in NAC 665.020 and constitutes a bank's internal work form may be set by the bank to meet its auditing requirements.
Banking Div., Retention of Records Reg. subsecs. 2-4, eff. 12-14-78
Nevada Administrative Code › Chapter 666 - Banks: Major Organizational Changes; Interstate Banking › Section 666.010 - Nevada depository institution: Fee for application for approval of merger, consolidation or transfer of assets and liabilities

Current through June 11, 2024
An application submitted by a Nevada depository institution for approval of a merger pursuant to NRS 666.015 must be accompanied by a nonrefundable fee of $4,500.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.105, 666.015
Nevada Administrative Code › Chapter 666 - Banks: Major Organizational Changes; Interstate Banking › Section 666.020 - Fee for application for approval to take certain actions affecting depository institution or holding company whose home state is Nevada

Current through June 11, 2024
An application for approval to take certain actions that is submitted pursuant to NRS 666.315 must be accompanied by a nonrefundable fee of $4,500.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.105, 666.315
Nevada Administrative Code › Chapter 666A - Foreign Banks › Section 666A.010 - State representative office: Licensing fees

Current through June 11, 2024
An application for a license to establish and maintain a state representative office submitted pursuant to NRS 666A.120 must be accompanied by a fee of $300. The annual fee for renewal is $150.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.105, 666A.120
Nevada Administrative Code › Chapter 666A - Foreign Banks › Section 666A.020 - State branch or agency: Fee for application to obtain certificate of authority to engage in fiduciary activities

Current through June 11, 2024
An application to obtain a certificate of authority to engage in fiduciary activities submitted pursuant to NRS 666A.160 must be accompanied by a fee of $750.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.105, 666A.160
Nevada Administrative Code › Chapter 668 - Banks: Prohibited Practices and Penalties › Section 668.010 - Complaints: Failure to respond; confidentiality

Current through June 11, 2024
1. If a licensed bank, or an authorized representative of that licensee, fails to respond to the Commissioner of Financial Institutions within 20 business days after receipt of a written notice that a complaint has been filed against the licensee, the licensee is deemed to have admitted to the allegations contained in the complaint.
2. Subject to the discretion of the Commissioner of Financial Institutions and except as otherwise provided by specific statute, a complaint filed with the Division of Financial Institutions of the Department of Business and Industry, any documents filed with the complaint, and any report or information resulting from an investigation of a complaint are confidential.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.105
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.010 - Fee for supervision and related activities: Amount; collection; failure to pay

Current through June 11, 2024
1. The Commissioner of Financial Institutions will charge and collect a fee of $75 per hour from each trust company for any supervision, examination, audit, investigation or hearing conducted pursuant to chapter 669 of NRS.
2. The Commissioner will bill each trust company upon the completion of the activity for the fee established in subsection 1. The fee must be paid within 30 days after the date the bill is received. Except as otherwise provided in this subsection, any payment received after that date must include a penalty of 10 percent of the fee plus an additional 1 percent of the fee for each month, or portion of a month, that the fee is not paid. The Commissioner may waive the penalty for good cause.
3. Failure of a trust company to pay the fee required in subsection 1 as provided in this section constitutes grounds for revocation of its license.
Added to NAC by Comm'r of Financial Institutions, eff. 4-20-88; A 11-27-89, eff. 7-1-89; A by R054-16A, eff. 9/9/2016
NRS 658.101, 669.250, 669.270
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.020 - Deposit with affiliate of money held as fiduciary or agent: Collateral security

Current through June 11, 2024
If a trust company deposits money held by the trust company as a fiduciary or agent with an affiliate depository institution pursuant to subsection 3 of NRS 669.225 and the money deposited exceeds the amount of federal deposit insurance applicable to the money, the affiliate depository institution shall deliver to the trust company or put under the control of the trust company collateral security in accordance with 12 C.F.R. §
								9.10 or § 550.8, whichever is applicable.
Added to NAC by Comm'r of Financial Institutions, eff. 5-27-92
NRS 669.270
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.030 - Fees: Application for license to transact trust company business; request for licensing of branch location

Current through June 11, 2024
1. An application for a license to transact trust company business submitted pursuant to NRS 669.150 must be accompanied by:
(a) A nonrefundable fee of $1,500; and
(b) A fee of $300, prorated by the Commissioner of Financial Institutions.
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.040 - Initial licensing fees

Current through June 11, 2024
1. The initial fee for a trust company with an initial stockholder's equity of:
(a) Not less than $300,000 but not more than $500,000, is $750.
(b) More than $500,000 but not more than $1,000,000, is $1,125.
(c) More than $1,000,000, is $1,500.
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.050 - Annual licensing fees

Current through June 11, 2024
On or before April 1 of each year, each licensed trust company shall pay to the Division of Financial Institutions of the Department of Business and Industry, for a trust company with an existing stockholder's equity of:
1. Not less than $300,000 but not more than $500,000, a fee of $750.
2. More than $500,000 but not more than $1,000,000, a fee of $1,125.
3. More than $1,000,000, a fee of $1,500.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 669.190, 669.270
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.060 - Fee for failure to submit required report

Current through June 11, 2024
A licensed trust company shall pay a fee of $10 for each day that any report required pursuant to this chapter or chapter 669 of NRS is overdue.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 669.270, 669.286
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.070 - Annual assessments to cover costs related to performance of audits and examinations

Current through June 11, 2024
1. Except as otherwise provided in NAC 658.030, each licensed trust company shall pay to the Division of Financial Institutions of the Department of Business and Industry an annual assessment of $300 to cover the costs related to the employment of a certified public accountant and the performance of audits and examinations conducted by the Division.
2. The Division of Financial Institutions of the Department of Business and Industry will bill each licensed trust company for the assessment. The assessment must be paid within 30 days after the date the bill is received.
3. A charge of 10 percent of the assessment will be imposed on any licensed trust company whose assessment is received by the Division of Financial Institutions of the Department of Business and Industry after the date on which the assessment is due.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 658.055, 669.260, 669.270
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.080 - Prerequisites to engaging in business

Current through June 11, 2024
A person shall not engage in the business of a trust company in this State unless:
1. He possesses any license, certificate or permit required by this chapter, chapter 669 of NRS or a local governmental entity; and
2. The location of the trust company complies with any applicable planning and zoning ordinance.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 669.270
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.090 - Revocation or suspension of license

Current through June 11, 2024
The Commissioner of Financial Institutions may revoke or suspend the license of a trust company pursuant to the procedures provided in chapter 669 of NRS if the trust company violates any provision of this chapter or chapter 669 of NRS, including, without limitation, a provision that imposes a fee or assessment on a licensee.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 669.270
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.100 - Inspection of documents filed with Division of Financial Institutions

Current through June 11, 2024
Except as otherwise provided in NAC 669.110 or by specific statute, all papers, documents, reports and other written instruments filed with the Division of Financial Institutions of the Department of Business and Industry pursuant to this chapter and chapter 669 of NRS are open to public inspection unless the Commissioner of Financial Institutions determines that the information is required to be withheld to protect the public welfare or the welfare of a licensee.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 669.270
Nevada Administrative Code › Chapter 669 - Trust Companies › Section 669.110 - Complaints: Failure to respond; confidentiality

Current through June 11, 2024
1. If a licensed trust company, or an authorized representative of that licensee, fails to respond to the Commissioner of Financial Institutions within 20 business days after receipt of a written notice that a complaint has been filed against the licensee, the licensee is deemed to have admitted to the allegations contained in the complaint.
2. Subject to the discretion of the Commissioner of Financial Institutions and except as otherwise provided by specific statute, a complaint filed with the Division of Financial Institutions of the Department of Business and Industry, any documents filed with the complaint, and any report or information resulting from an investigation of a complaint are confidential.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 669.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.010 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires,
			 the words and terms defined in sections 3 to 20, inclusive, of this regulation
			 have the meanings ascribed to them in those sections.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.020 - "Board" defined

Current through June 11, 2024
"Board" means the body of designated, elected or appointed
			 persons that jointly govern and oversee the activities of the committees,
			 officers and managers of a licensed family trust company.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.030 - "Client" defined

Current through June 11, 2024
"Client" means a family member who has engaged a licensed family
			 trust company to provide services pursuant to
			 NRS
			 669A.220, as amended by section 12 of Senate
			 Bill No. 384, chapter 256, Statutes of Nevada 2015, at page
			 1210.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.040 - "Client complaint" defined

Current through June 11, 2024
"Client complaint" means a written, verified complaint regarding
			 the actions or omissions of a licensed family trust company made by one or more
			 clients which has been filed with the Division and furnished to the management
			 of the licensed family trust company by the Division for a
			 response.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.050 - "Committee" defined

Current through June 11, 2024
"Committee" means a body of designated, elected or appointed
			 persons formed by a board pursuant to its governing instruments and applicable
			 law and charged with the oversight of a particular area or function of a
			 licensed family trust company.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.060 - "Corrective action" defined

Current through June 11, 2024
"Corrective action" means any action, plan or other undertaking
			 by a licensed family trust company or the management of the licensed family
			 trust company reasonably required to address a deficiency or material weakness
			 identified in a report of examination prepared pursuant to section 27 of this
			 regulation or subsequent correspondence from the Division.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.070 - "Deficiency" defined

Current through June 11, 2024
"Deficiency" means an item, matter or condition relating to a
			 licensed family trust company or its organization and operation which does not
			 meet the requirements imposed by this chapter and chapter 669A of
			 NRS.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.080 - "Division" defined

Current through June 11, 2024
"Division" means the Division of Financial Institutions of the
			 Department of Business and Industry.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.090 - "Examination" defined

Current through June 11, 2024
"Examination" means an on-site examination, off-site examination
			 or independent review of a licensed family trust company.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.100 - "Examination guidance" defined

Current through June 11, 2024
"Examination guidance" means the examination procedures described
			 in section 25 of this regulation.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.110 - "Examination period" defined

Current through June 11, 2024
"Examination period" means the period of time since a license was
			 issued to a licensed family trust company or since the most recent examination
			 of a licensed family trust company, whichever is later, or such other period
			 specified by the Commissioner.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.120 - "Independent review" defined

Current through June 11, 2024
"Independent review" means a review of a licensed family trust
			 company conducted by a qualified firm pursuant to section 24 of this
			 regulation.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.130 - "Independent review report" defined

Current through June 11, 2024
"Independent review report" means a written report prepared by a
			 qualified firm setting forth the results of an independent
			 review.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.140 - "Licensed family trust company office" defined

Current through June 11, 2024
"Licensed family trust company office" means the physical office
			 maintained in this State pursuant to subsection 2 of
			 NRS
			 669A.140.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.150 - "Management of the licensed family trust company" defined

Current through June 11, 2024
"Management of the licensed family trust company" means the
			 committees, officers and managers of a licensed family trust
			 company.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.160 - "Off-site examination" defined

Current through June 11, 2024
"Off-site examination" means an examination conducted by the
			 Division in accordance with the procedures established in section 22 of this
			 regulation.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.170 - "On-site examination" defined

Current through June 11, 2024
"On-site examination" means an examination conducted by the
			 Division in accordance with the procedures established in section 23 of this
			 regulation.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.180 - "Qualified firm" defined

Current through June 11, 2024
"Qualified firm" means a person who meets the standards set forth
			 in subsection 2 of section 24 of this regulation.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.190 - "Report of examination" defined

Current through June 11, 2024
"Report of examination" means a written report prepared by the
			 Division pursuant to section 27 of this regulation describing the results of an
			 examination.
Added to NAC
			 by Comm'r of Financial Institutions by
			 R051-16,
			 eff. 1/1/2017
NRS
				669A.270
Nevada Administrative Code › Chapter 669A - Family Trust Companies › Section 669A.200 - Off-site examination, independent review or on-site examination: When required; notice of examination; fees

Current through June 11, 2024
1. Except as
		  otherwise provided in subsection 2, each licensed family trust company shall
		  undergo an off-site examination or an independent review more than 1 year but
		  not more than 2 years after the date on which its license was issued and shall
		  subsequently undergo:
(a) An on-site
		  examination or, if the Commissioner determines an off-site examination would be
		  appropriate, an off-site examination, within 1 year after the date on which the
		  Division delivers to the licensed family trust company a report of examination
		  which rates the licensed family trust company as "unsatisfactory" or "needs
		  improvement"; and
(b) An off-site
		  examination or an independent review within 3 years after the date on which the
		  Division delivers to the licensed family trust company a report of examination
		  which rates the licensed family trust company as
		  "satisfactory."