Title 55

NRS 675.040 Applicability of chapter; exemptions. [Effective through December 31, 2029.] This chapter does not apply to: 1. Except as otherwise provided in NRS 675.035, a person doing business under the authority of any law of this State or of the United States relating to banks,…

NRS 675.045 Certain relationships between employees of Division of Financial Institutions and licensees prohibited; termination of prohibited relationship. 1. Except as provided in subsection 3, an officer or employee of the Division of Financial Institutions shall not: (a) Be di…

NRS 675.050 Effect of amendment or repeal of chapter on preexisting lawful contracts. This chapter or any part thereof may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a licensee under this chapter, provided that such ca…

NRS 675.055 Exemption from provisions governing making of loans: Application to Commissioner; grounds; powers and duties of Commissioner; regulations; fees set by regulation. 1. A person may apply to the Commissioner for an exemption from the provisions of this chapter governing …

NRS 675.060 Unlicensed dealing in loans prohibited; license required for each office or other place of business; exceptions. No person may engage in the business of lending in this State without first having obtained a license from the Commissioner pursuant to this chapter for ea…

NRS 675.070 Application of NRS 675.060 to persons who seek to evade. The provisions of NRS 675.060 shall apply to any person who seeks to evade its application by any device, subterfuge or pretense whatever, including, but not thereby limiting the generality of the foregoing: 1. …

NRS 675.090 Application for license: Form; contents; requirements when applying for license for office or other place of business located outside State; withdrawal of application. 1. Application for a license must be in writing, under oath, and in the form prescribed by the Commi…

NRS 675.095 Application for license: Additional requirements; grounds for refusal to issue license. 1. In addition to any other requirements set forth in this chapter, each applicant must submit proof satisfactory to the Commissioner that the applicant: (a) Has a good reputation …

NRS 675.100 Fees for application and investigation; regulations. 1. At the time of making the application, the applicant shall pay to the Commissioner: (a) A nonrefundable fee of not more than $1,000 for the application and survey; (b) Any additional expenses incurred in the proc…

NRS 675.110 Investigation by Commissioner; notice; hearing; order. 1. Upon the filing of the application and the payment of the fees, the Commissioner shall investigate the facts concerning the application and the requirements provided for in NRS 675.120. 2. The Commissioner may …

NRS 675.120 Issuance of license subsequent to findings by Commissioner. If the Commissioner finds: 1. That the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief that the b…

NRS 675.130 Required statements on license. Each license shall: 1. State the address at which the business is to be conducted, not including any remote location; and 2. State fully the name of the licensee, and if the licensee is a copartnership or association, the names of its m…

NRS 675.140 Expiration, renewal and reinstatement of license; fees; regulations. 1. A license expires on December 31 of each year unless renewed by the licensee. To renew a license, a licensee must submit to the Commissioner on or after November 1 and on or before December 31 of …

NRS 675.150 Procedure for denial of license. 1. If the Commissioner finds that any applicant does not possess the requirements specified in this chapter, he or she shall enter an order denying the application and forthwith notify the applicant of the denial. 2. Within 10 days aft…

NRS 675.160 Disposition of money collected pursuant to chapter. Except as otherwise provided in NRS 675.100, all fees and charges collected under the provisions of this chapter must be deposited in the State Treasury pursuant to the provisions of NRS 658.091. (Added to NRS by 195…

NRS 675.162 Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding licensing. 1. The Commissioner may, in furtherance of his or her duties with respect to the issuanc…

NRS 675.164 Submission and processing of fingerprints. 1. The Commissioner may require an applicant for a license or a licensee to submit a complete set of fingerprints when the Commissioner determines necessary. 2. The Commissioner may use the services of the Registry to process…

NRS 675.166 Commissioner required to report certain information or material to Registry; confidentiality of information or material provided; Commissioner authorized to enter into certain agreements and arrangements. 1. Subject to any limitations or restrictions contained in fede…

NRS 675.168 Additional materials required to be submitted to Registry. 1. In addition to any other requirements set forth by specific statute, each applicant for the issuance of a license and each owner, officer, director and responsible person of the applicant, each person in co…

NRS 675.169 Licensee required to register and maintain unique identifier; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry. 1. Each licensee shall register with and maintain a valid unique identifier with the Regi…

NRS 675.170 Regulations and orders of Commissioner. 1. The Commissioner: (a) May adopt regulations and make orders for the administration and enforcement of this chapter, in addition hereto and not inconsistent herewith. (b) Shall adopt regulations to administer, carry out and en…

NRS 675.180 Licensee to maintain minimum assets. Every licensee shall maintain assets of at least $50,000 either used or readily available for use in the conduct of the business of each licensed office. (Added to NRS by 1959, 230; A 1971, 1366)

NRS 675.190 Posting of licenses. Each license shall be kept conspicuously posted in the licensed place of business. (Added to NRS by 1959, 230)

NRS 675.200 Transferability or assignability of license. Licenses shall not be transferable or assignable. (Added to NRS by 1959, 230)

NRS 675.210 Places of business maintainable by licensee under license; issuance of more than one license to licensee; exceptions. Not more than one place of business may be maintained under the same license. The Commissioner may issue additional licenses to the same licensee for …

NRS 675.220 Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice. 1. A licensee who wishes to change the address of an office or other place of business for which he or she has a license pursuant to this chapter must, at …

NRS 675.230 Restriction on location of business of making loans. 1. Except as otherwise provided in subsections 2 and 3, a licensee may not conduct the business of making loans under this chapter within any office, suite, room or place of business in which any other business is s…

NRS 675.240 Name under and place at which business transactable by licensee; loans by mail; accommodations; lending at remote location. No licensee shall conduct the business of making loans provided for by this chapter under any name or at any place other than that stated in the…

NRS 675.245 Use or change of business name; prohibitions. 1. A licensee must obtain the approval of the Commissioner before using or changing a business name. 2. A licensee shall not: (a) Use any business name which is identical or similar to a business name used by another licen…

NRS 675.250 Books and accounting records: Practices; preservation; requirements regarding office or other place of business located outside State. 1. Each licensee shall keep and use in his or her business such books and accounting records as are in accord with sound and accepted…

NRS 675.2505 Licensee compliance with federal regulations; licensee to maintain information security program and notify Commissioner of notification events. 1. A licensee shall comply with the requirements set forth in 16 C.F.R. Part 314. 2. In addition to complying with the requ…

NRS 675.260 Required reports. 1. Annually, on or before April 15, each licensee shall file with the Commissioner and the Nationwide Multistate Licensing System and Registry a report of operations of the licensed business for the preceding calendar year. The report must be made un…

NRS 675.280 False, misleading or deceptive advertising prohibited. A licensee shall not advertise or permit to be advertised in any manner whatsoever any false, misleading or deceptive statement or representation with regard to the rates, terms or conditions for loans. (Added to …

NRS 675.2805 Deceptive trade practices prohibited. A licensee shall not engage in any deceptive trade practice as defined in chapter 598 of NRS. (Added to NRS by 2025, 2286)

NRS 675.283 Notification of breach of security of computerized data system: When required; permissible delay; methods for provision; contents. 1. If a licensee that owns or licenses computerized data that includes personal information discovers or is notified of a breach of the s…

NRS 675.284 Notification of breach of security of computerized data system: Required notification to Attorney General under certain circumstances. 1. A licensee who is required to notify more than 500 residents of this State pursuant to NRS 675.283 as the result of a single breac…

NRS 675.285 Commissioner required to investigate alleged violations of chapter. If the Commissioner receives information from a registered agent pursuant to NRS 77.410 which indicates that a person may be violating the provisions of this chapter, the Commissioner shall investigat…

NRS 675.296 Practices regarding customers who are members of military. Notwithstanding any other provision of law: 1. If a borrower is a member of the military, a licensee shall: (a) Honor the terms of any repayment plan between the licensee and borrower, including, without limit…

NRS 675.2965 Employee authorized to engage in business of lending at remote location if authorized by licensee; written agreement required; requirements for remote location; duties of licensee. 1. An employee of a licensee may engage in the business of lending in this State at a …

NRS 675.297 Data security policy required. A licensee who authorizes any employee to engage in the business of lending in this State at a remote location shall develop and adhere to a written data security policy. The data security policy must set forth procedures and requirement…

NRS 675.298 Printing and storing of physical records at remote location prohibited; representing to person that employee is working at remote location prohibited; exception. 1. An employee who engages in the business of lending in this State at a remote location shall not print o…

NRS 675.299 Review and evaluation of operations required at least annually. A licensee who authorizes any employee to engage in the business of lending in this State at a remote location shall, at least once each year, conduct a review and evaluation of the operations of the lice…

NRS 675.300 Insurance as security for loans: Conditions; limitations. 1. A licensee may request that a borrower insure tangible property when offered as security for a loan under this chapter against any substantial risk of loss, damage or destruction for an amount not to exceed …

NRS 675.310 Collection of loans made outside State. Any loan made outside this state lawfully made as permitted by the laws of the state in which the loan was made may be collected or otherwise enforced in this state in accordance with its terms. (Added to NRS by 1959, 234; A 197…

NRS 675.330 Payment in money, credit, goods or things in action, as consideration for sale, assignment, or order of compensation, deemed loan of money; transaction subject to provisions of chapter. The payment of money, credit, goods or things in action, as consideration for any …

NRS 675.340 Assignment of wages as security invalid. No assignment of wages, salary, commissions or other compensation for services, whether earned or to be earned, given to a licensee as security for a loan under this chapter, shall be valid. (Added to NRS by 1959, 235)