The Commissioner shall administer the provisions of this chapter, subject to administrative supervision by the Director. He or she shall make the decisions, determinations and enter the consents and orders necessary or reasonably appropriate to accomplish the purposes of this chapter. (Added to NRS by 1961, 763; A 1963, 1076; 1969, 967; 1981, 505; 1983, […]
1. Except as provided in subsections 3 and 4, an officer or employee of the Division of Financial Institutions shall not: (a) Be directly or indirectly interested in or act on behalf of any savings bank; (b) Receive, directly or indirectly, any payment from a savings bank; (c) Be indebted to any savings bank; (d) […]
The Commissioner shall: 1. Keep in his or her office: (a) For no less than 5 years, every report made by a savings bank. (b) The original application of every savings bank in a permanent file. (c) Other administrative documents in the manner provided by law or by appropriate regulations. 2. Provide a complete stenographic […]
The Commissioner shall supervise and make all policy with regard to all foreign and domestic savings banks, companies and corporations governed by this chapter and doing business in this state. [Part 22:51:1931; A 1933, 78; 1939, 153; 1931 NCL § 970.21]—(NRS A 1961, 762; 1963, 1076; 1983, 1773; 1987, 1957; 2017, 1923)
1. The Commissioner may adopt such regulations as may be reasonable or necessary to carry out the purposes of this chapter. 2. The Commissioner may, by regulation, waive, modify or alter any requirement of this chapter. (Added to NRS by 1957, 763; A 1961, 764; 1977, 1261; 1983, 1773; 1987, 1957; 2017, 1915, 1923)
The Commissioner may cause appropriate legal action to be taken in the district court of any county to secure an injunction or order restraining a violation of any provision of this chapter. (Added to NRS by 1969, 962; A 1983, 1773; 1987, 1957)
All notices must be in writing. All notices issued or required to be issued by the Commissioner must be sent by registered or certified mail and become effective upon their deposit in the mails. (Added to NRS by 1963, 472; A 1983, 1774; 1987, 1957)
The Commissioner may, for reasonable cause and upon 15 days’ notice, amend or alter any license issued by him or her, but the savings bank may appeal the order of the Commissioner in the manner provided in this chapter. (Added to NRS by 1957, 762; A 1961, 764; 1983, 1774; 1987, 1957; 2017, 1924)
1. In addition to any other requirements set forth in this chapter, each applicant must submit: (a) Proof satisfactory to the Commissioner that the applicant: (1) Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business for which the applicant seeks to be licensed in a manner which protects […]
In addition to any other lawful reasons, the Commissioner may suspend or revoke a license if the licensee has engaged in any act that would be grounds for denying a license pursuant this chapter. (Added to NRS by 2005, 1873)
The Commissioner may issue subpoenas and require the attendance of parties for examination. (Added to NRS by 1957, 765; A 1961, 776; 1983, 1800; 1987, 1983)—(Substituted in revision for NRS 673.555)
1. Every savings association chartered under the laws of this State in existence on June 3, 2017, is automatically converted, by operation of law, into a savings bank licensed under the laws of this State. The Commissioner shall issue a savings bank charter to each such entity immediately after June 3, 2017. 2. Every savings […]
Except as otherwise provided in NRS 673.080, 673.112 and 673.2176: 1. All fees, charges for expenses, assessments and other money collected under the provisions of this chapter from foreign and domestic savings banks, companies and corporations governed by this chapter must be deposited in the State Treasury pursuant to the provisions of NRS 658.091. 2. […]
Except as otherwise required by the Director of the Department of Business and Industry pursuant to NRS 657A.430 or 657A.620, the provisions of this chapter do not apply to a participant in the Regulatory Experimentation Program for Product Innovation established and administered pursuant to chapter 657A of NRS. (Added to NRS by 2019, 3997)
