A savings bank may invest in: 1. Without limit, obligations of, or obligations guaranteed as to principal and interest by, the United States or any state. 2. Obligations of the United States Postal Service, whether or not guaranteed as to principal and interest by the United States. 3. Stock of a Federal Home Loan Bank […]
A savings bank may invest in the capital stock, obligations or other securities of a related service company, operating subsidiary or financial subsidiary, subject to any regulations concerning the insurability of the accounts of the savings bank by the Federal Deposit Insurance Corporation and to whatever regulations the Commissioner may impose in this regard, if […]
1. Any investment in real property for purposes of subdivision or for residential development must not exceed the market value or appraisal valuation as evidenced by an appraisal report prepared within 120 days of the investment by a member of the Appraisal Institute or the National Association of Independent Fee Appraisers, or by such other […]
The power of a savings bank to make loans shall include: 1. The power to purchase loans of any type that the savings bank may make. 2. The power to make loans upon the security of loans of any type that the savings bank may make. (Added to NRS by 1957, 761; A 1959, 543; […]
A savings bank may invest its funds in the purchase of real property contracts under the following conditions only: 1. That it must acquire the merchantable title to the property covered by such contracts. 2. That the type of property be such as would be eligible for a mortgage or deed of trust loan under […]
Any savings bank may invest its funds, or money in its custody, in the bonds of any Federal Home Loan Bank or Federal Reserve Bank, or in consolidated Federal Home Loan Bank or Federal Reserve Bank bonds, debentures or notes, or in farm loan bonds, consolidated farm loan bonds, debentures, consolidated debentures and other obligations […]
1. Any savings bank which may now or hereafter be eligible to become a member of any Federal Home Loan Bank according to the terms of the Federal Home Loan Bank Act of 1932, 12 U.S.C. §§ 1421 to 1449, inclusive, as amended or supplemented, may: (a) Subscribe for, purchase, own and hold stock in […]
The power of a savings bank to borrow money and contract debts shall include the power to issue capital notes evidencing such borrowings and to subordinate the same to investment certificates and other liabilities. A savings bank may confer upon the holders of any capital notes, issued or to be issued by the savings bank, […]
The aggregate amount of all borrowings of any savings bank shall not exceed an amount which would impair the insurance of the accounts of the savings bank by the Federal Deposit Insurance Corporation. (Added to NRS by 1967, 1022; A 1983, 656, 1785; 1987, 1969; 1993, 2812; 2017, 1938)
1. Subject to such regulations as may be prescribed by the Federal Housing Administration or Department of Veterans Affairs, savings banks may: (a) Make such loans and advances of credit, and purchases of obligations representing the loans and advances of credit, as are eligible for insurance by the Federal Housing Administration or are guaranteed by […]
1. Notwithstanding any other provision of law, any savings bank organized under the laws of this State, which has as one of its principal purposes the making or purchasing of loans secured by real property mortgages, is authorized to sell such mortgage loans to the Federal National Mortgage Association or the Federal Home Loan Mortgage […]
1. Any savings bank may: (a) Make additional advances or loans for the purpose of preserving the security of the loan or for the purpose of protecting the property securing the loan. (b) Make any renewal, extension, advance or loan to the borrower or to any successor in interest in the property securing the loan. […]
