Nevada Administrative Code

NAC 599B.810 Rehearing. (NRS 599B.025) 1. If a petition for judicial review of the decision has not been filed, upon written application by a party not more than 15 days after service of a copy of the decision and order, a rehearing may be ordered upon such terms and conditions a…

NAC 600.010 Classification of goods for trademarks. The general classes of goods for which a trademark may be registered are as follows: 1. Raw or partly prepared materials. 2. Receptacles. 3. Baggage, animal equipments, portfolios and pocketbooks. 4. Abrasives and polishing mate…

NAC 600.020 Classification of services for service marks. The general classes of services for which a service mark may be registered are as follows: 1. Miscellaneous. 2. Advertising and business. 3. Financial and insurance. 4. Construction and repair. 5. Communications. 6. Transp…

NAC 604A.010 Definitions. (NRS 604A.300) As used in this chapter, unless the context otherwise requires: 1. The words and terms defined in NRS 604A.015 to 604A.125, inclusive, have the meanings ascribed to them in those sections. 2. “License” means a license to operate a check-ca…

NAC 604A.020 “Licensee” interpreted. (NRS 604A.300) For the purposes of this chapter and chapter 604A of NRS, the Commissioner interprets the term “licensee” to include: 1. A branch office of a licensee conducting business at any location, including a place of business located ou…

NAC 604A.030 Use of electronic or digital signature. (NRS 604A.300) Any document, notice, receipt or record for which a signature is required pursuant to the provisions of this chapter or chapter 604A of NRS may be signed electronically or digitally in accordance with the provisi…

NAC 604A.050 Application for license. (NRS 604A.300, 604A.600) An application for a license must, in addition to the requirements set forth in NRS 604A.600, include: 1. The name under which the applicant proposes to conduct his or her business. 2. A financial statement for the ap…

NAC 604A.060 Display of license: “License” and “location where he or she does business” interpreted. (NRS 604A.300, 604A.635) For the purposes of subsection 3 of NRS 604A.635, the Commissioner interprets: 1. “License” to mean an original license. 2. “Location where he or she does…

NAC 604A.070 Grounds for refusal to renew license. (NRS 604A.300) The Commissioner may refuse to renew a license if the licensee violates any provision of this chapter or chapter 604A of NRS, or NRS 658.055 or 658.098, including, without limitation, a provision that imposes a fee…

NAC 604A.080 Grounds for revocation or suspension of license. (NRS 604A.300) The grounds for revocation or suspension of a license, in addition to the grounds set forth in NRS 604A.820, are that the licensee: 1. Is insolvent or in such financial condition that the licensee cannot…

NAC 604A.090 Fees and assessments. (NRS 604A.300, 604A.600, 604A.640, 604A.740, 604A.760) 1. The nonrefundable application fee required pursuant to NRS 604A.600 is $400 plus $100 for each additional license for a branch location at which the applicant proposes to operate under th…

NAC 604A.100 Prerequisites to conduct of business under license. (NRS 604A.300) A licensee shall not conduct any business under his or her license unless: 1. The licensee possesses each license and permit required by this State or a local government as a condition to conducting b…

NAC 604A.110 Foreign business entities: Prerequisites to operation in State. (NRS 604A.300) A foreign corporation, association, trust or other business entity shall not operate a check-cashing service, deferred deposit loan service, short-term loan service or title loan service i…

NAC 604A.120 Office or other place of business located outside of State. (NRS 604A.300, 604A.620) If the Commissioner, pursuant to NRS 604A.620, issues a license for an office or other place of business located outside of this State from which the licensee may conduct business in…

NAC 604A.130 Notice of fees charged for services. (NRS 604A.300, 604A.405) 1. The notice required by paragraph (a) of subsection 1 of NRS 604A.405 must: (a) Comply with the applicable provisions of Regulation Z and the Truth in Lending Act. (b) Set forth the actual fees charged f…

NAC 604A.140 Notice of toll-free telephone number for concerns and complaints. (NRS 604A.300, 604A.405) The notice required pursuant to paragraph (b) of subsection 1 of NRS 604A.405 must: 1. Be in substantially the following form: NOTICE OF RIGHT TO CONTACT THE OFFICE OF THE COMM…

NAC 604A.150 Display of hours of operation; termination of prescribed period for performance of act by customer. (NRS 604A.300) 1. A licensee shall prominently display at each location where he or she does business a notice that sets forth the days of the week and the hours of th…

NAC 604A.160 Translation of documents written in language other than English. (NRS 604A.300) 1. A licensee who uses a form or standard loan agreement written in Spanish as required by NRS 604A.410, notice of opportunity to enter into a repayment plan written in Spanish as require…

NAC 604A.170 Delivery to customer of notice of opportunity to enter into repayment plan. (NRS 604A.300, 604A.475) 1. A licensee who is required to provide a customer with written notice of the opportunity to enter into a repayment plan pursuant to NRS 604A.475 may deliver the wri…

NAC 604A.180 Documentation of compliance with limitations on amounts of deferred deposit loans and short-term loans. (NRS 604A.300, 604A.425) 1. A licensee shall maintain written documentation to establish that, except as otherwise provided in NRS 604A.425 and 604A.430, the licen…

NAC 604A.190 Required books and records: “Books and accounting records” interpreted. (NRS 604A.300, 604A.700) For the purposes of this chapter and chapter 604A of NRS, the Commissioner interprets the term “books and accounting records” as used in NRS 604A.700 to include, without …

NAC 604A.200 Maintenance of books and records. (NRS 604A.300) 1. Except as otherwise provided in NRS 604A.700, a licensee shall maintain for at least 3 years the original or a copy of each account, book, paper, written or electronic record or other document that concerns each loa…

NAC 604A.210 Restrictions on advertising. (NRS 604A.300) A licensee shall not advertise in any manner that: 1. May tend to confuse the identity of the licensee with any other unrelated licensee. 2. States or implies that a loan of a prospective borrower with another licensee will…

NAC 604A.220 Prohibited acts: Acceptance of check as security for short-term loan or title loan. (NRS 604A.300, 604A.435) A licensee who accepts a check as security for a short-term loan or title loan violates NRS 604A.435 even if: 1. The check is not negotiable; or 2. The licens…

NAC 604A.230 Prohibited acts: Miscellaneous acts. (NRS 604A.300) 1. A licensee shall not: (a) Require or accept a guarantor to a transaction entered into with a customer. (b) Issue his or her own check to a customer unless the check is drawn on an account that is: (1) Insured by …

NAC 604A.300 Definitions. (NRS 604A.303) As used in NAC 604A.300 to 604A.370, inclusive, unless the context otherwise requires, the words and terms defined in NRS 604A.036, 604A.038 and 604A.057, and NAC 604A.310 to 604A.325, inclusive, have the meanings ascribed to them in those…

NAC 604A.310 “Database” defined. (NRS 604A.303) “Database” means the database required by NRS 604A.303 to be developed, implemented and maintained. (Added to NAC by Comm’r of Financial Institutions by R037-20, eff. 12-29-2020)

NAC 604A.312 “Delete” defined. (NRS 604A.303) “Delete” means to erase data by overwriting the data. (Added to NAC by Comm’r of Financial Institutions by R037-20, eff. 12-29-2020)

NAC 604A.314 “Due date” defined. (NRS 604A.303) “Due date” means the date, based on a payment schedule and subject to all statutory requirements, on which a customer is scheduled to: 1. Make a payment, either to pay the full amount of a loan, including principal, finance charge a…

NAC 604A.320 “Identifying customer information” defined. (NRS 604A.303) “Identifying customer information” means: 1. The name of a customer; 2. The social security number or alien registration number of a customer; 3. The driver’s license number of a customer; or 4. The number of…

NAC 604A.325 “Service provider” defined. (NRS 604A.303) “Service provider” means the vendor or service provider with which the Commissioner has contracted to develop, implement and maintain the database. (Added to NAC by Comm’r of Financial Institutions by R037-20, eff. 12-29-202…

NAC 604A.328 When loan considered closed. (NRS 604A.303) For the purposes of NAC 604A.300 to 604A.370, inclusive, a loan is closed if the final status of the loan is no longer active because the loan has been paid in full under the loan agreement, because the loan is a title loan…

NAC 604A.330 Service provider: Duties generally. (NRS 604A.303) The service provider shall: 1. Develop, implement and maintain the database. 2. Take all actions the service provider deems necessary to protect the confidentiality and security of the information contained in the da…

NAC 604A.333 Service provider: Duty to retain, archive or delete data; required notice of unavailability of database. (NRS 604A.303) The service provider shall: 1. Retain the data in the database only as required to ensure that a licensee complies with the requirements of this ch…

NAC 604A.336 Access to database restricted to certain staff; password requirements for users. (NRS 604A.303) 1. Access to the database must be limited to members of the staff of: (a) A licensee who underwrite and process loans; (b) A licensee who collect and post payments made on…

NAC 604A.338 Duty of licensee to query database before making certain loans; retention of queries. (NRS 604A.303) 1. Before making a deferred deposit loan, title loan or high-interest loan, a licensee shall query the database. 2. To verify the identity of a customer, a query made…

NAC 604A.340 Information required to be provided to licensee in response to query; determination of eligibility for loan; requirements for approval; notice of ineligibility. (NRS 604A.303) 1. In response to a query by a licensee, the database must: (a) Provide the licensee with t…

NAC 604A.342 Duties of licensee if database unavailable; information applicant must provide. (NRS 604A.303) 1. During any period in which the database is unavailable due to technical issues on the service provider’s side of the system, a licensee may rely upon the written represe…

NAC 604A.345 Fees charged by service provider. (NRS 604A.303) 1. Except as otherwise provided in this section, the service provider shall charge and collect a fee from each licensee for each loan which the licensee approves and enters into the database. The fee: (a) Must have bee…

NAC 604A.347 Fees charged by licensee. (NRS 604A.303) 1. A licensee shall not charge or collect from a customer a fee: (a) If a loan is not approved. (b) If a loan is voided. (c) If a loan is rescinded. (d) In an amount which exceeds the actual cost of the fee charged to the lice…

NAC 604A.350 Required entry into database generally. (NRS 604A.303) Except as otherwise provided in NAC 604A.340, a licensee shall enter into the database, in real time: 1. Each loan originated by the licensee; 2. Each renewal, extension, rollover and refinance of a loan; 3. Info…

NAC 604A.352 Required entry into database for deferred deposit loan or high-interest loan. (NRS 604A.303) 1. A licensee who makes: (a) A deferred deposit loan; or (b) A high-interest loan, Ê shall comply with the requirements of subsection 2. 2. Except as otherwise provided in NA…

NAC 604A.354 Required entry into database for title loan. (NRS 604A.303) Except as otherwise provided in NAC 604A.340, a licensee who makes a title loan shall, in real time, enter into the database the following information: 1. Verification that the customer is the legal owner of…

NAC 604A.356 Required entry into database for payment, failure to make payment or installment payments. (NRS 604A.303) 1. Except as otherwise provided in NAC 604A.340, for each payment made on a loan, the licensee shall, in real time, enter into the database the following informa…

NAC 604A.360 Entry and maintenance of loan status in database. (NRS 604A.303) Each licensee shall enter into the database and maintain the status of each loan originated by that licensee, including, without limitation: 1. If the loan is in collection, whether being collected by t…

NAC 604A.364 Retention of loan data and documentation. (NRS 604A.303) A licensee shall retain for not less than 3 years all data and documentation collected and reviewed for any loan, loan transaction or query made in the database. For the purposes of this section, “documentation…

NAC 604A.366 Prohibition on deletion of customer information; requirements if loan voided or rescinded. (NRS 604A.303) 1. Except as otherwise provided in NAC 604A.333, a licensee shall not delete any information relating to a customer that is entered into the database. 2. If a lo…