Nevada Administrative Code

NAC 671.120 Hearings: Rules of procedure or evidence; records. (NRS 671.030) 1. The Commissioner or the designee of the Commissioner 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 t…

NAC 671.130 Hearings: Subpoena; fees for witnesses. (NRS 671.030) 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 designee of the Commissioner and designating the name and address…

NAC 671.140 Hearings: Examination of witnesses. (NRS 671.030) 1. A party to a hearing 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. Any party who is surprised by the testimony of a witness…

NAC 671.150 Hearings: Failure of party to appear. (NRS 671.030) If a party fails to appear at a hearing scheduled by the Commissioner or the designee of the Commissioner and a continuance has not been requested or granted, upon an offer of proof by the Division that the absent pa…

NAC 673.010 Determination of total assets for purposes of NRS 673.260 and 673.430. (NRS 673.043) Except as provided in this section, for the purposes of NRS 673.260 and 673.430, “total assets” are the dollar cost of the various assets appearing in a statement of condition. The Ad…

NAC 673.020 Fee for supervision and examination: Collection; determination of amount; failure to pay; additional costs for extraordinary examination. (NRS 658.101, 673.043, 673.430) 1. On or before June 30 of each year, the Commissioner of Financial Institutions will collect a fe…

NAC 673.030 Annual assessments to cover costs related to performance of audits and examinations. (NRS 658.055, 673.043, 673.450) 1. Except as otherwise provided in NAC 658.030, each savings and loan association shall pay to the Division of Financial Institutions of the Department…

NAC 673.040 Filing fee for licensure as association; fee for issuance of license. (NRS 673.043, 673.080) 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,…

NAC 673.050 Fee to request approval for removal of home office or branch office to another location. (NRS 673.043, 673.080) 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 6…

NAC 673.060 Filing fees for branch office. (NRS 673.043, 673.112) 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 applica…

NAC 673.070 Fees for issuance and renewal of license for association to sell or issue stock. (NRS 673.043, 673.260) 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 …

NAC 673.080 Fees for issuance and renewal of license for salesperson or solicitor. (NRS 673.043, 673.270) Upon the issuance of a license pursuant to NRS 673.270 for a salesperson or solicitor and for any renewal of that license, the licensee shall pay to the Division of Financial…

NAC 673.090 Fee for failure to file annual report. (NRS 673.043, 673.430) 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-…

NAC 673.100 Fee for conducting examination outside State. (NRS 673.043, 673.460) Whenever, in connection with an examination, it is necessary or expedient that the Commissioner of Financial Institutions or his or her deputy, or both, leave this State, the organization under exami…

NAC 673.110 Fee for application to reorganize, merge or consolidate. (NRS 673.043, 673.4845) 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…

NAC 673.120 Fee for filing copy of charter of authorization for conversion into federal association. (NRS 673.043, 673.630) 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 sub…

NAC 673.130 Prerequisites to conducting business as association. (NRS 673.043) A person shall not conduct business as a savings and loan association in this State unless: 1. The person possesses each license, certificate and permit required by this chapter, chapter 673 of NRS and…

NAC 673.140 Suspension or revocation of license of association. (NRS 673.043) 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 lo…

NAC 673.150 Inspection of documents filed with Division of Financial Institutions. (NRS 673.043) 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 Depa…

NAC 673.160 Complaints: Failure to respond in timely manner; confidentiality. (NRS 673.043) 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 afte…

NAC 675.005 “Licensee” defined. (NRS 675.170) 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…

NAC 675.010 Advertising. (NRS 675.170, 675.280) 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 licens…

NAC 675.020 Credit life insurance and credit health or disability insurance. (NRS 675.170, 675.300) 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…

NAC 675.030 Requests for payment; ledger cards. (NRS 675.170, 675.250) 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 l…

NAC 675.060 Conduct of loan business with sales finance business. (NRS 675.170, 675.230) 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 o…

NAC 675.065 Conduct of business with a licensed mortgage banker. (NRS 675.170, 675.230) 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 com…

NAC 675.070 Collection of loans made outside Nevada. (NRS 675.170, 675.310) 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 t…

NAC 675.080 Fee for supervision and related activities: Amount; collection; failure to pay. (NRS 658.101, 675.170, 675.400) 1. The Commissioner of Financial Institutions will charge and collect a fee of $75 per hour from each installment loan company for any supervision, examinat…

NAC 675.090 Fees: Application for license. (NRS 675.100, 675.170) 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 Fina…

NAC 675.100 Fees: Renewal of license; reinstatement of expired license. (NRS 675.140, 675.170) 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 …

NAC 675.110 Annual assessments to cover costs related to performance of audits and examinations. (NRS 658.055, 675.170, 675.380) 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 Ind…

NAC 675.120 Prerequisites to engaging in business. (NRS 675.170) A person shall not engage in the business of lending in this State unless: 1. The person possesses each license, certificate and permit required by this chapter, chapter 675 of NRS and a local governmental entity; a…

NAC 675.130 Revocation or suspension of license. (NRS 675.170, 675.440) 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, inc…

NAC 675.140 Inspection of documents filed with Division of Financial Institutions. (NRS 675.170) 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 t…

NAC 675.150 Complaints: Failure to respond in timely manner; confidentiality. (NRS 675.170) 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…

NAC 676A.010 Definitions. (NRS 676A.730) 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, ef…

NAC 676A.020 “Division” defined. (NRS 676A.730) “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)

NAC 676A.030 “Registered provider” defined. (NRS 676A.730) “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)

NAC 676A.050 “Material violation” interpreted. (NRS 676A.730, 676A.750) 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 o…

NAC 676A.060 Adoption of base year for adjustment of dollar amounts. (NRS 676A.730) 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…

NAC 676A.100 Posting on Internet website of approved training programs and certifying organizations. (NRS 676A.730) The Commissioner will post on a website maintained by the Commissioner on the Internet the training programs and certifying organizations that the Commissioner has …

NAC 676A.110 Proof of certain qualifications of applicant required. (NRS 676A.320, 676A.730) 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 …

NAC 676A.120 Fees for application. (NRS 676A.310, 676A.730) 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 N…

NAC 676A.130 Expiration; fees for renewal and reinstatement. (NRS 676A.730) 1. A registration as a provider expires on June 30 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 …

NAC 676A.140 Extension and reinstatement after expiration. (NRS 676A.370, 676A.730, 676A.750) 1. A provider may continue to provide debt-management services after the expiration of the provider’s registration issued pursuant to chapter 676A of NRS if: (a) The provider ceases to b…

NAC 676A.150 Requirements for operation of business locations; maintenance of books and records. (NRS 676A.730) 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 du…

NAC 676A.160 Disclosures by registered provider required. (NRS 676A.730) 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 …