reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.040 - Filing fee for licensure as association; fee for issuance of license

Current through June 11, 2024
The filing fee for licensure as a savings and loan association pursuant to NRS 673.080 is a nonrefundable fee of $3,000 for the principal office. Upon approval of the license, the applicant shall pay a fee of $1,500 before issuance of the license.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.080
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.050 - Fee to request approval for removal of home office or branch office to another location

Current through June 11, 2024
A licensed savings and loan association that requests approval for the removal of the home office or a branch office to any other location pursuant to NRS 673.080 shall pay to the Division of Financial Institutions of the Department of Business and Industry a fee of $200.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.080
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.060 - Filing fees for branch office

Current through June 11, 2024
An application to establish and maintain a branch office submitted pursuant to NRS 673.112 must be accompanied by a nonrefundable filing fee of $300 for each branch office. Upon approval of the license, the applicant shall pay a filing fee of $150 for each branch office before issuance.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.112
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.070 - Fees for issuance and renewal of license for association to sell or issue stock

Current through June 11, 2024
Upon the issuance of a license pursuant to NRS 673.250 for an association to sell or issue its stock and for any renewal of that license, the licensee shall pay to the Division of Financial Institutions of the Department of Business and Industry:
1. For each home office, a fee of $300; and
2. For each branch office, a fee of $150.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.260
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.080 - Fees for issuance and renewal of license for salesman or solicitor

Current through June 11, 2024
Upon the issuance of a license pursuant to NRS 673.270 for a salesman or solicitor and for any renewal of that license, the licensee shall pay to the Division of Financial Institutions of the Department of Business and Industry a fee of $10.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.270
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.090 - Fee for failure to file annual report

Current through June 11, 2024
A licensed savings and loan association shall pay a fee of $10 for each day that any report required pursuant to NRS 673.430 is overdue.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.430
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.100 - Fee for conducting examination outside State

Current through June 11, 2024
Whenever, in connection with an examination, it is necessary or expedient that the Commissioner of Financial Institutions or his deputy, or both, leave this State, the organization under examination shall pay to the Division of Financial Institutions of the Department of Business and Industry a fee of $50 per day for each person while without the State in connection with the examination.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.460
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.110 - Fee for application to reorganize, merge or consolidate

Current through June 11, 2024
An application to reorganize, merge or consolidate with another state or federal association submitted pursuant to NRS 673.4845 must be accompanied by a fee of $225.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.4845
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.120 - Fee for filing copy of charter of authorization for conversion into federal association

Current through June 11, 2024
A licensed savings and loan association shall pay to the Division of Financial Institutions of the Department of Business and Industry a fee of $30 upon submission of a copy of the charter of authorization pursuant to NRS 673.630.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043, 673.630
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.130 - Prerequisites to conducting business as association

Current through June 11, 2024
A person shall not conduct business as a savings and loan association in this State unless:
1. He possesses each license, certificate and permit required by this chapter, chapter 673 of NRS and a local governmental entity; and
2. The location of the business complies with any applicable planning and zoning ordinances.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.140 - Suspension or revocation of license of association

Current through June 11, 2024
The Commissioner of Financial Institutions may suspend or revoke the license of a savings and loan association pursuant to procedures provided in NRS 673.045 to 673.050, inclusive, if the savings and loan association violates any provision of this chapter or chapter 673 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 NRS 673.043
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.150 - Inspection of documents filed with Division of Financial Institutions

Current through June 11, 2024
Except as otherwise provided in NRS 673.430 and NAC 673.160, 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 673 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 NRS 673.043
Nevada Administrative Code › Chapter 673 - Savings and Loan Associations › Section 673.160 - Complaints: Failure to respond in timely manner; confidentiality

Current through June 11, 2024
1. If a licensed savings and loan association, 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 the complaint are confidential.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS NRS 673.043
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.005 - "Licensee" defined

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires, "licensee" means a person to whom one or more licenses have been issued pursuant to this chapter and chapter 675 of NRS.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 675.170
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.010 - Advertising

Current through June 11, 2024
1. No licensee may advertise in any manner that may tend to confuse the identity of the licensee with any other unrelated licensee.
2. No licensee may advertise in any manner that a loan of a prospective borrower with another licensee will be paid or increased if the loan is transferred to the advertising licensee.
3. No unethical advertising by licensees will be permitted and the Commissioner of Financial Institutions reserves the right to require all licensees to submit proposed advertising for approval before its dissemination through the press, by radio or television.
Banking Div., Installment Loan Reg. No. 1, eff. 5-22-72-NAC A by Admstr. of Financial Institutions, eff. 6-29-84
NRS 675.170, 675.280
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.020 - Credit life insurance and credit health or disability insurance

Current through June 11, 2024
1. As used in this section, "credit insurance" means both credit life insurance and credit health or disability insurance.
2. If a licensee provides, obtains or arranges any credit insurance as security for a loan, the premium or cost of such insurance to the borrower must not exceed the rate or rates established by the Commissioner of Insurance pursuant to the insurance laws. The insurance is subject to the laws and regulations of the Division of Insurance of the Department of Business and Industry.
3. If a loan on which credit insurance has been obtained, arranged or provided by the licensee is prepaid in full, a refund of a portion of the insurance premium or cost must be made to the borrower, unless such prepayment in full was by death claim. If the insurance refund plus interest refund together amount to less than $1, no refund need be made.
4. When a loan is prepaid in full by a death claim payment, the unearned portion of credit health or disability insurance premium must be refunded as of the date of death, but no refund may be made as to premiums paid for credit life insurance.
5. Only one party obligated on the loan may be covered by such credit insurance, and the premium or insurance cost may only be collected with respect to that party.
6. No statement, direct or implied, may be made to any borrower which would lead the borrower to believe that the granting of a loan was contingent upon his obtaining credit insurance as security for the loan.
7. Licensees shall post in each loan interview position a sign with the following language clearly printed in 3/8-inch print: "The purchase of credit life or accident and health insurance is not required as a condition for the granting of a loan."
8. If an insured borrower dies during the term of the loan contract, the credit life insurance must be sufficient at least to pay an amount which will discharge the loan completely at the date of death, without any exception, reservation or limitation.
9. If the premium or insurance cost is computed on the principal amount of loan and not also on interest and service fee contracted to be paid, the entire proceeds of any death claim to the extent provided in subsection 8 must be payable to the licensee.
10. If the premium or insurance cost is computed on the total original amount of the note (principal plus interest and service fee), the proceeds of any death claim must not be less than the greater of the following:
(a) The unpaid balance of the face amount of the note, principal plus the combined interest and service fee, which under the contract is scheduled to be outstanding at the date of death (also referred to as the scheduled balance); or
(b) The actual unpaid amount of the loan, which is the unpaid balance of the face amount of the note less the required refund of interest and service fee, which refund must be computed as at the date of death (referred to as the net balance).
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.030 - Requests for payment; ledger cards

Current through June 11, 2024
1. Requests for payment must be made only to those obligated on the loan contract.
2. Collection attempts through written or printed communication, sent by mail, must be enclosed in a sealed envelope.
3. The ledger card must indicate when an account has been placed for collection or legal action taken. It must also indicate whether judgment was obtained, together with the date and the amount of the judgment.
4. On prepaid accounts, the ledger card must clearly indicate the amount rebated, both for interest and for insurance.
5. Adequate records which will enable the Commissioner of Financial Institutions to reconcile outstanding balances must be maintained in each licensed office.
6. If there no longer is an outstanding indebtedness from the borrower to the licensee, there must be delivered to the borrower by the licensee a termination statement as required by the Uniform Commercial Code (chapter 104 of NRS). Such delivery is necessary even though the Uniform Commercial Code under such circumstances does not require delivery of a termination statement unless the borrower makes a written demand upon the secured party for a termination statement.
7. If ledger cards or similar records for loan accounts and installment sale contract accounts are commingled in a licensee's files, there must be a system by which such cards may be readily identified one from the other, such as being of different colors or having corners of different colors. All of such cards must bear the date of the contract and must identify the type of transaction reflected on them.
Banking Div., Installment Loan Reg. No. 2, eff. 5-22-72-NAC A by Admstr. of Financial Institutions, eff. 6-29-84
NRS 675.170, 675.250
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.060 - Conduct of loan business with sales finance business

Current through June 11, 2024
Licensees may conduct the business of making loans in the same office or place of business where the licensee, an affiliate or associate also conducts a sales finance business (the purchase of time paper representing the sale of goods or services) if in the conduct of such other business in the office of the licensee, the following is observed:
1. The sales finance business which is subject to chapter 97 of NRS must be carried on in compliance with that chapter.
2. Charges in connection with a retail installment contract subject to chapter 97 of NRS must be made only as expressly authorized by chapter 97 of NRS. No charge may be collected from the debtor on such a contract on the basis of or by reason of the assignment of the contract to the licensee.
3. The validity of any such contract must be determined by the law of the state where it actually is made.
4. Retail installment contracts created pursuant to chapter 97 of NRS are not subject to any maximum term or period of contract, and all such contracts may be purchased by licensees.
5. Default charges, attorney fees, collection costs and similar items which may be collected on such contracts are limited to those expressly provided for in chapter 97 of NRS.
Banking Div., Installment Loan Reg. No. 3 § 3, eff. 5-22-72-NAC A by Comm'r of Financial Institutions, 5-19-88
NRS 675.170, 675.230
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.065 - Conduct of business with a licensed mortgage banker

Current through June 11, 2024
1. A licensee may conduct business in the same office or place of business with a licensed mortgage banker if:
(a) The licensee and the mortgage banker maintain separate licenses;
(b) Each company is operated as a separate legal entity;
(c) The books, records and accounts of each company are kept and maintained separately;
(d) The licensee and the mortgage banker are subsidiaries of the same parent corporation or otherwise have the same ownership; and
(e) The mortgage banker does not maintain trust accounts as those described in NRS 645B.175.
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.070 - Collection of loans made outside Nevada

Current through June 11, 2024
Any loan made in another state and purchased by a licensee in this State, regardless of the original amount of the loan or the unpaid balance, may be collected or otherwise enforced at the rate shown in the contract and in accordance with its terms, if the loan was lawfully made in accordance with the laws of the state where it was made.
Banking Div., Installment Loan Reg. No. 7, eff. 5-22-72
NRS 675.170, 675.310
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.080 - 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 installment loan company for any supervision, examination, audit, investigation or hearing conducted pursuant to chapter 675 of NRS.
2. The Commissioner will bill each installment loan 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 an installment loan company to pay the fee required by 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, 675.170, 675.400
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.090 - Fees: Application for license

Current through June 11, 2024
An application submitted pursuant to NRS 675.095 must be accompanied by:
1. A nonrefundable fee of $750; and
2. A fee of $800, prorated by the Commissioner of Financial Institutions.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 675.100, 675.170
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.100 - Fees: Renewal of license; reinstatement of expired license

Current through June 11, 2024
1. A licensee shall pay annually to the Division of Financial Institutions of the Department of Business and Industry a fee of $750 for the renewal of a license.
2. If the Commissioner of Financial Institutions reinstates an expired license, the licensee shall pay a reinstatement fee of $400 in addition to the renewal fee prescribed in subsection 1.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 675.140, 675.170
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.110 - 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 licensee 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 licensee 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 licensee 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, 675.170, 675.380
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.120 - Prerequisites to engaging in business

Current through June 11, 2024
A person shall not engage in the business of lending in this State unless:
1. He possesses each license, certificate and permit required by this chapter, chapter 675 of NRS and a local governmental entity; and
2. The location of the business complies with any applicable planning and zoning ordinances.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 675.170
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.130 - Revocation or suspension of license

Current through June 11, 2024
The Commissioner of Financial Institutions may revoke or suspend a license in accordance with NRS 675.370 to 675.450, inclusive, if a licensee violates any provision of this chapter or chapter 675 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 675.170, 675.440
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.140 - Inspection of documents filed with Division of Financial Institutions

Current through June 11, 2024
Except as otherwise provided in NAC 675.150 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 675 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 675.170
Nevada Administrative Code › Chapter 675 - Installment Loans › Section 675.150 - Complaints: Failure to respond in timely manner; confidentiality

Current through June 11, 2024
1. If a licensee, 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 the complaint are confidential.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 675.170
Nevada Administrative Code › Chapter 676A - Debt-Management Services › GENERAL PROVISIONS › Section 676A.010 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires,
				the words and terms defined in NAC 676A.020 and 676A.030 have the meanings
				ascribed to them in those sections.
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010
NRS
				  676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › GENERAL PROVISIONS › Section 676A.020 - "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 R050-10, eff. 10-15-2010
NRS
				  676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › GENERAL PROVISIONS › Section 676A.030 - "Registered provider" defined

Current through June 11, 2024
"Registered provider" means a provider that is registered
				pursuant to chapter 676A of NRS.
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010
NRS
				  676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › GENERAL PROVISIONS › Section 676A.050 - "Material violation" interpreted

Current through June 11, 2024
For the purposes of paragraph (b) of subsection 1 of
				NRS
				676A.750, a material violation includes,
				without limitation, the failure by a registered provider to pay a fee or
				assessment imposed by any provision of this chapter or chapter 676A of
				NRS.
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010
NRS
				  676A.730,
				  676A.750
Nevada Administrative Code › Chapter 676A - Debt-Management Services › GENERAL PROVISIONS › Section 676A.060 - Adoption of base year for adjustment of dollar amounts

Current through June 11, 2024
1. Pursuant to subsection 6 of
			 NRS
			 676A.730, the year 2010 is hereby adopted for
			 the purposes of adjusting dollar amounts pursuant to that subsection.
2. The Commissioner will:
(a) Post the dollar amounts for each year on
			 the Internet; and
(b) Make the
			 dollar amounts available in print form upon request.
Nevada Administrative Code › Chapter 676A - Debt-Management Services › REGISTRATION OF PROVIDERS › Section 676A.100 - Posting on Internet website of approved training programs and certifying organizations

Current through June 11, 2024
The Commissioner will post on a website maintained by the
				Commissioner on the Internet the training programs and certifying organizations
				that the Commissioner has approved to certify an individual as a certified
				counselor.
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010
NRS
				  676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › REGISTRATION OF PROVIDERS › Section 676A.110 - Proof of certain qualifications of applicant required

Current through June 11, 2024
Every individual applicant, every officer, director and natural
				person who is a holder or owner of at least 10 percent of the voting stock of a
				corporate applicant, and every member of a firm or partnership applicant for
				registration must submit proof satisfactory to the Commissioner that the
				person:
1. Is a citizen of the United
			 States or lawfully entitled to remain and work in the United States.
2. Has a good reputation for honesty,
			 trustworthiness and integrity and is competent to transact the business of a
			 registered provider in a manner which protects the interests of the general
			 public.
3. Has not had a
			 registration issued under chapter 676A of NRS suspended or revoked within the
			 10 years immediately preceding the date of the application.
4. Has not been convicted of, or entered a
			 plea of nolo contendere to:
(a) A felony
			 relating to the provision of debt-management services; or
(b) Any crime involving fraud,
			 misrepresentation or moral turpitude.
Nevada Administrative Code › Chapter 676A - Debt-Management Services › REGISTRATION OF PROVIDERS › Section 676A.120 - Fees for application

Current through June 11, 2024
An application submitted pursuant to
				NRS
				676A.310 must be accompanied by:
1. A nonrefundable fee of $2,000;
			 and
2. A fee of $1,000, prorated on
			 the basis of the licensing year as provided by the Commissioner.
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010
NRS
				  676A.310,
				  676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › REGISTRATION OF PROVIDERS › Section 676A.130 - Expiration; fees for renewal and reinstatement

Current through June 11, 2024
1. A registration
			 as a provider expires on December 31 of each year.
2. A registered provider shall pay annually
			 to the Division a fee of $1,500 for the renewal of the registration of the
			 provider.
3. If the Commissioner
			 reinstates an expired registration, the registered provider shall pay a
			 reinstatement fee of $1,500 in addition to the renewal fee prescribed in
			 subsection 2.
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010;	A by
				R098-23A,
				eff. 6/6/2024
NRS 676A.370, 676A.410,
				  676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › REGISTRATION OF PROVIDERS › Section 676A.140 - Extension and reinstatement after expiration (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010;	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 676A - Debt-Management Services › CONDUCT OF BUSINESS › Section 676A.150 - Requirements for operation of business locations; maintenance of books and records

Current through June 11, 2024
If a registered provider provides debt-management services at a
				location in this State, the registered provider must:
1. Have regular business hours at that
			 location during which a customer may enter and may communicate and conduct
			 business with the registered provider in person;
2. Post conspicuously all disclosures
			 required pursuant to this chapter and chapter 676A of NRS in a place visible to
			 all customers entering that location; and
3. Maintain at that location the books and
			 records from business conducted at that location. If the registered provider
			 conducts business at a single location in this State, the registered provider
			 must maintain at that location the books and records from all business
			 conducted in this State unless the registered provider receives from the
			 Commissioner approval to maintain the books and records at an alternate
			 location.
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010
NRS
				  676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › CONDUCT OF BUSINESS › Section 676A.160 - Disclosures by registered provider required

Current through June 11, 2024
Before an individual assents to an agreement, the registered
				provider shall make the disclosures described in paragraph (a) of subsection 8
				of
				NRS
				676A.730.
Added to NAC by Comm'r of Financial
				Institutions by R050-10, eff. 10-15-2010
NRS
				  676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › CONDUCT OF BUSINESS › Section 676A.170 - Conduct of business prohibited under certain circumstances

Current through June 11, 2024
1. A registered
			 provider shall not conduct business under the provider's registration unless:
(a) The registered provider possesses each
			 license and permit required by this State or a local government as a condition
			 to conducting business; and
(b)
			 Each location where the registered provider conducts business complies with the
			 provisions of all applicable planning and zoning ordinances.
Nevada Administrative Code › Chapter 676A - Debt-Management Services › CONDUCT OF BUSINESS › Section 676A.180 - Prohibited acts

Current through June 11, 2024
A registered provider shall not:
1. Include in any written agreement:
(a) A promise by the customer to hold the
			 registered provider harmless; or
(b) A waiver of any claim or defense arising
			 out of the agreement or a waiver of any provision of this chapter or chapter
			 676A of NRS. The provisions of this paragraph do not apply to the extent
			 preempted by federal law.
Nevada Administrative Code › Chapter 676A - Debt-Management Services › ADMINISTRATION › Administrative Proceedings › Section 676A.200 - Authority of Commissioner or designee concerning case

Current through June 11, 2024
The Commissioner or the Commissioner's designee may:
1. Conduct hearings;
2. Question witnesses;
3. Make rulings on motions and objections;
				and
4. Issue findings of fact or
				conclusions of law at the conclusion of the case.
Added to NAC by Comm'r of Financial
				  Institutions by R050-10, eff. 10-15-2010
NRS
					 676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › ADMINISTRATION › Administrative Proceedings › Section 676A.210 - Order to cease and desist issued by Commissioner; contested hearing

Current through June 11, 2024
1. An order issued by the Commissioner
				pursuant to
				NRS
				676A.740 to cease and desist from engaging in
				an activity in violation of the provisions of this chapter or chapter 676A of
				NRS must:
(a) Be in writing;
(b) State that:
(1) In the opinion of the Commissioner, the
				person ordered to cease and desist has engaged in an activity:
(I) For which the person is not registered as
				required by chapter 676A of NRS; or
(II) In a manner that violates the provisions
				of this chapter or chapter 676A of NRS; and
(2) The person who receives the order has 30
				days from the date of the order to file a verified petition with the Division
				for a contested hearing; and
(c) Be delivered by certified mail to the
				person ordered to cease and desist. For the purposes of this paragraph, proof
				of an attempt to deliver the order by certified mail to the last known address
				of the person is sufficient to establish that service was complete.
Nevada Administrative Code › Chapter 676A - Debt-Management Services › ADMINISTRATION › Administrative Proceedings › Section 676A.220 - Conduct of hearing

Current through June 11, 2024
1. The Commissioner
				or the Commissioner's designee is not bound by strict rules of procedure or
				rules of evidence when conducting the hearing, except that the hearing must be
				conducted pursuant to the provisions of chapter 233B of NRS.
2. A copy of the evidence introduced before
				or during a contested hearing must be filed with the Division.
Added to NAC by Comm'r of Financial
				  Institutions by R050-10, eff. 10-15-2010
NRS
					 676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › ADMINISTRATION › Administrative Proceedings › Section 676A.230 - Subpoena of witnesses

Current through June 11, 2024
1. A party to a
				hearing may compel the attendance of witnesses in the party's behalf at the
				hearing upon making a request to the Commissioner or the Commissioner's
				designee and designating the name and address of the person to be served with a
				subpoena.
2. A witness required to
				appear at a hearing before the Commissioner or the Commissioner's designee is
				entitled to receive from the party calling the witness the fees and
				reimbursement for mileage provided to witnesses in civil cases pursuant to
				NRS
				50.225.
Added to NAC by Comm'r of Financial
				  Institutions by R050-10, eff. 10-15-2010
NRS
					 676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › ADMINISTRATION › Administrative Proceedings › Section 676A.240 - Examination of witnesses

Current through June 11, 2024
1. A party may call
				any other party or witness as an adverse witness. The party may question such a
				witness as if conducting a cross-examination.
2. A party who is surprised by the testimony
				of a witness, called in good faith as a witness on the party's behalf, may
				question the witness as if conducting a cross-examination.
Added to NAC by Comm'r of Financial
				  Institutions by R050-10, eff. 10-15-2010
NRS
					 676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › ADMINISTRATION › Administrative Proceedings › Section 676A.250 - Failure to appear at hearing

Current through June 11, 2024
If a party fails to appear at a hearing scheduled by the
				  Commissioner or the Commissioner's designee and a continuance has not been
				  requested or granted, upon an offer of proof by the Division that the absent
				  party was given proper notice and upon a determination by the Commissioner or
				  the Commissioner's designee, as applicable, that proper notice was given, the
				  Commissioner or the Commissioner's designee, as applicable, may proceed to
				  consider the case without the participation of the absent party and may dispose
				  of the matter on the basis of the evidence before it. If the respondent fails
				  to appear at the hearing or fails to reply to the notice, the alleged acts
				  specified in the order may be considered as true.
Added to NAC by Comm'r of Financial
				  Institutions by R050-10, eff. 10-15-2010
NRS
					 676A.730
Nevada Administrative Code › Chapter 676A - Debt-Management Services › ADMINISTRATION › Fees › Section 676A.260 - Fee to conduct examination of activities, books, accounts and records

Current through June 11, 2024
1. The Commissioner will charge and collect a
				fee of $75 per hour from each registered provider for any examination, audit,
				investigation or hearing of the registered provider conducted pursuant to
				chapter 676A of NRS.
2. The
				Commissioner will bill each registered provider 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 10 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 registered provider to pay the fee required in subsection 1 as provided in
				this section constitutes grounds for revocation of the registration of the
				provider.
Added to NAC by Comm'r of Financial
				  Institutions by R050-10, eff. 10-15-2010; A by
				  R054-16A,
				  eff. 9/9/2016
NRS
				  NRS
				  676A.730
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.010 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 677.020 to 677.110, inclusive, have the meanings ascribed to them in those sections.
Supplied in codification; A by Comm'r of Financial Institutions, eff. 12-17-87; R101-01, 11-15-2001
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.020 - "Acquiescence" defined

Current through June 11, 2024
"Acquiescence" means the procedure of reviewing forms, documents, plans of business and other submissions, and the notice given by the Commissioner to thrift companies in writing that he does not object to their use.
Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.1, eff. 1-4-76; A 1-4-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.030 - "Borrowings" defined

Current through June 11, 2024
"Borrowings" under subsection 4 of NRS 677.620 includes all debt securities, no matter to whom they are issued.
Dep't of Commerce, Thrift Companies Reg. § 4 subsec. 4.9, eff. 1-4-76; A and renumbered as subsec. 4.7, 1-4-78; A and renumbered as subsec. 4.9, 12-14-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.040 - "Capital and surplus" defined

Current through June 11, 2024
"Capital and surplus," as used in NRS 677.540, subsection 3 of NRS 677.620 and NRS 677.770 means the sum of capital stock, capital surplus and undivided profits.
Dep't of Commerce, Thrift Companies Reg. § 1 subsecs. 1.6, 1.7 & 1.9, eff. 1-4-76; A and renumbered as subsecs. 1.2-1.4, 1-4-78; A and renumbered as subsecs. 1.2-1.4, 12-14-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.050 - "Capital and surplus not available for dividends" defined

Current through June 11, 2024
"Capital and surplus not available for dividends" as used in NRS 677.760 means the sum of capital stock, capital surplus and undivided profits to the extent of 10 percent of the capital stock.
Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.5, eff. 1-4-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.060 - "Capital stock" defined

Current through June 11, 2024
"Capital stock" means the aggregate par value of all issued and outstanding shares.
Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.2, eff. 1-4-76; A 12-14-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.070 - "Capital surplus" defined

Current through June 11, 2024
"Capital surplus" means that amount paid or contributed by the shareholders in accordance with the requirements of this chapter and chapter 677 of NRS.
Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.3, eff. 1-4-76; A and renumbered as subsec. 1.7, 1-4-78; A 12-14-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.074 - "Commissioner" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r of Financial Institutions by R101-01, eff. 11-15-2001;	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 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.076 - "Deposit" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r of Financial Institutions by R101-01, eff. 11-15-2001;	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 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.080 - "Impaired capital" defined

Current through June 11, 2024
"Impaired capital" means that the minimum amount of capital, required by NRS 677.210 to be maintained in the capital stock and capital surplus accounts, is reduced by a deficit balance in the company's undivided profit account. After the undivided profits have reached 10 percent of capital stock, capital will be considered to be impaired if the undivided profits fall below this level.
Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.11, eff. 1-4-76; A and renumbered as subsec. 1.9, 1-4-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.085 - "Licensee" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'r of Financial Institutions, eff. 12-17-87;	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 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.090 - "Paid-in capital" defined

Current through June 11, 2024
"Paid-in capital" for the purposes of NRS 677.210 means capital stock.
Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.4, eff. 1-4-76; A and renumbered as subsec. 1.10, 1-4-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.100 - "Paid-up capital and surplus" defined

Current through June 11, 2024
"Paid-up capital and surplus" as used in subsection 3 of NRS 677.630 means the sum of capital stock, capital surplus and undivided profits.
Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.10, eff. 1-4-76; A and renumbered as subsec. 1.11, 1-4-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › GENERAL PROVISIONS › Section 677.110 - "Paid-up and unimpaired capital and unimpaired surplus" defined

Current through June 11, 2024
"Paid-up and unimpaired capital and unimpaired surplus" as used in subsection 1 of NRS 677.620 means the sum of capital stock, capital surplus and undivided profits, so long as this total does not fall below that required by NRS 677.210.
Dep't of Commerce, Thrift Companies Reg. § 1 subsec. 1.8, eff. 1-4-76; A and renumbered as subsec. 1.12, 1-4-78; A 12-14-78
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › LICENSING › Section 677.121 - Prerequisites to engaging in business

Current through June 11, 2024
A person shall not engage in business in this State pursuant to the provisions of this chapter and chapter 677 of NRS unless:
1. He possesses each license, certificate and permit required by this chapter, chapter 677 of NRS and a local governmental entity; and
2. The location of the thrift company complies with any applicable planning and zoning ordinances.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › LICENSING › Section 677.125 - Notice of intent to license

Current through June 11, 2024
1. The Commissioner will send to each licensee a written notice of intent to license any new thrift company or new branch of an existing thrift company.
2. The notice will be sent at least 30 days before the intended action. The notice will include:
(a) In the case of an applicant for a new thrift company, the names, addresses and occupations or previous occupations of the principals, president and manager and the company's proposed location.
(b) In the case of an applicant for a new branch of an existing thrift company, the proposed location of the new branch.
Nevada Administrative Code › Chapter 677 - Thrift Companies › LICENSING › Section 677.131 - Fees: Application for authority to engage in business; issuance of license

Current through June 11, 2024
1. An original application submitted pursuant to NRS 677.160 must be accompanied by:
(a) A fee of $1,500 for the principal office; and
(b) A fee of $225 for each branch office.
Nevada Administrative Code › Chapter 677 - Thrift Companies › LICENSING › Section 677.135 - Fees: Renewal of license; reinstatement of expired license

Current through June 11, 2024
1. A licensee shall pay annually to the Division of Financial Institutions of the Department of Business and Industry a fee of $750 for the renewal of his license.
2. If the Commissioner of Financial Institutions reinstates an expired license, the licensee shall pay a reinstatement fee of $300 in addition to the renewal fee prescribed in subsection 1.
Added to NAC by Comm'r of Financial Institutions by R109-06, eff. 6-28-2006
NRS 677.360, 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › REQUIRED ACQUIESCENCE AND APPROVAL OF COMMISSIONER › Section 677.150 - Approval required to pledge assets

Current through June 11, 2024
No assets of the thrift company may be pledged to secure payment of the bond or letter of credit without the express written permission of the Commissioner.
Dep't of Commerce, Thrift Companies Reg. § 2 subsec. 2.3, eff. 1-4-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › REQUIRED ACQUIESCENCE AND APPROVAL OF COMMISSIONER › Section 677.160 - Articles of incorporation and amendments

Current through June 11, 2024
1. Before the articles of incorporation of a thrift company are filed with the Secretary of State, a draft of the articles must be submitted to the Commissioner for acquiescence.
2. Any proposed amendments to the articles must also be submitted to the Commissioner for acquiescence before they are filed with the Secretary of State.
3. Within 10 days after the articles of incorporation or amendments to the articles have been filed with the Secretary of State, a copy of the articles or amendments showing the date of filing must be filed with the Commissioner.
Dep't of Commerce, Thrift Companies Reg. § 3 subsecs. 3.1-3.3, eff. 1-4-76; A 1-4-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84
NRS 677.380
Nevada Administrative Code › Chapter 677 - Thrift Companies › REQUIRED ACQUIESCENCE AND APPROVAL OF COMMISSIONER › Section 677.170 - Bylaws and amendments

Current through June 11, 2024
1. A draft of the bylaws must be submitted to the Commissioner for acquiescence before adoption. Any proposed amendments to the bylaws must also be submitted to the Commissioner for acquiescence before adoption.
2. Within 10 days after the bylaws or amendments thereto have been adopted, a copy of the bylaws or amendments showing the date of adoption must be filed with the Commissioner.
Dep't of Commerce, Thrift Companies Reg. § 3 subsecs. 3.4 & 3.5, eff. 1-4-76; A 1-4-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84
NRS 677.380