Title 55

NRS 658.045 Office. The Division of Financial Institutions must be furnished with suitable offices for the performance of its duties. (Added to NRS by 1971, 966; A 1983, 1722)

NRS 658.055 Deputy commissioners; other employees; independent audits and examinations; assessments; Account for Auditing Financial Institutions. 1. The Commissioner may appoint deputy commissioners of financial institutions, examiners, assistants, clerks, stenographers and other…

NRS 658.065 Oath of deputy commissioners. Every deputy commissioner of financial institutions shall, before entering upon the discharge of duties, take and subscribe to the constitutional oath of office. (Added to NRS by 1971, 966; A 1983, 1722; 1987, 1898)

NRS 658.085 Advisory capacity of State Board of Finance. The State Board of Finance shall act in an advisory capacity to the Division of Financial Institutions in the administration of the provisions of chapters 657 to 671, inclusive, of NRS and perform such other functions as ar…

NRS 658.091 Deposit, use and disposition of money; Commissioner to administer account. 1. Except as otherwise provided by law, any money appropriated to the Commissioner or the Division of Financial Institutions and any money collected by the Commissioner or Division pursuant to …

NRS 658.096 Fees charged by Commissioner; regulations. 1. The Commissioner shall charge and collect the following fees in connection with the Commissioner’s official duties: (a) For licensing of state banks: (1) A fee of not more than $400 for each parent bank, payable on June 30…

NRS 658.098 Assessment for cost of legal services provided to Commissioner and Division of Financial Institutions; deposit of money in State Treasury. 1. On a quarterly or other regular basis, the Commissioner shall collect an assessment pursuant to this section from each: (a) Ch…

NRS 658.101 Rates charged by Commissioner for supervision and examination; annual review and publication of rates. 1. The Commissioner shall establish by regulation rates to be paid by banks and other financial institutions for supervision and examinations by the Commissioner or …

NRS 658.105 Powers of Commissioner; regulations. In addition to the other powers conferred upon the Commissioner by chapters 657 to 671, inclusive, of NRS, the Commissioner: 1. Is charged with the enforcement of the provisions of chapters 657 to 671, inclusive, of NRS, subject to…

NRS 658.115 Summary orders of Commissioner. 1. The Commissioner shall make summary orders in writing as provided in subsections 2 to 5, inclusive. 2. If a bank, a member of its board of directors or any manager, officer, employee, member or stockholder violates the articles of in…

NRS 658.125 Appeals to State Board of Finance. Any bank aggrieved by any decision or order issued by the Commissioner or any member of the Commissioner’s staff must appeal to the State Board of Finance if a review of the decision or order is desired. The appeal must be made withi…

NRS 658.135 Attestation of licenses, orders and certificates. All licenses, orders and certificates issued by the Commissioner must be attested by the seal of the Division of Financial Institutions and by the signature of the Commissioner. (Added to NRS by 1971, 968; A 1983, 1724…

NRS 658.145 Power of Commissioner to offer rewards. 1. The Commissioner may offer, under such conditions as the Commissioner may deem proper, rewards not to exceed the sum of $500 in any one case for the arrest and conviction of any officer, director, agent or employee of any ban…

NRS 658.151 Power of Commissioner to take possession of business and property of depository institution; grounds. 1. The Commissioner may forthwith take possession of the business and property of any depository institution to which this title applies when it appears that the depo…

NRS 658.155 Penalty: Neglect of duty under certain chapters; false or injurious statement concerning bank; malfeasance or corruption in office. Any member of the State Board of Finance, the Commissioner or any member of the Commissioner’s staff, who willfully neglects to perform …

NRS 658.165 Officers and employees of Division of Financial Institutions prohibited from having interest in certain banks; exceptions; termination of interest. 1. Except as otherwise provided in subsections 3 and 4, an officer or employee of the Division of Financial Institutions…

NRS 658.175 State Board of Finance bound by limitations imposed on Commissioner as to certification of new banks and establishment of branch banks. Notwithstanding any other provisions of chapters 657 to 671, inclusive, of NRS, the State Board of Finance, in the exercise of its a…

NRS 658.185 Incidental powers of Commissioner. In addition to the express powers, duties and functions given to the Commissioner by chapters 657 to 671, inclusive, of NRS, the Commissioner has such other powers and rights as may be necessary or incident to the proper discharge of…

NRS 658.190 Regulations concerning nontraditional mortgage loan products and certain lending practices. 1. The Commissioner of Financial Institutions shall, with the cooperation of the Commissioner of Mortgage Lending, adopt regulations concerning nontraditional mortgage loan pro…

NRS 658.195 Right to sue and defend in actions involving banks; liability to suit. 1. The Commissioner may sue and prosecute or defend in any action or proceeding in any court of this State or any other state and in any court of the United States for the enforcement or protection…

NRS 658.200 Nontraditional mortgage loan products; disclosures required. 1. A financial institution which is required to be licensed pursuant to the provisions of this title and which offers nontraditional mortgage loan products that are secured by liens on real property shall, w…