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 enforce the provisions of NRS 675.3693, 675.3695 and 675.3697. 2. Every regulation must be promulgated by an order, and any ruling, […]
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)
Each license shall be kept conspicuously posted in the licensed place of business. (Added to NRS by 1959, 230)
Licenses shall not be transferable or assignable. (Added to NRS by 1959, 230)
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 other business locations upon compliance with all the provisions of this chapter governing issuance of a single license. Nothing herein requires a license for any place of business devoted to […]
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 least 10 days before changing the address, give written notice of the proposed change to the Commissioner. 2. Upon receipt of the proposed change […]
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 solicited or engaged in, except an insurance agency or notary public, or in association or conjunction with […]
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 license. Nothing herein shall prevent the making of loans by mail nor prohibit accommodations to individual borrowers when necessitated by hours of employment, sickness or other emergency situations. […]
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 licensee under this chapter or which may mislead or confuse the public. (b) Use any printed […]
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 accounting practices. 2. Each licensee shall maintain a separate record or ledger card for the account of each borrower and shall set forth separately the amount of cash advance and […]
1. Annually, on or before April 15, each licensee shall file with the Commissioner a report of operations of the licensed business for the preceding calendar year. 2. The report must be made under oath and must be in the form and contain information prescribed by the Commissioner. 3. If any person or affiliated group […]
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 by 1959, 231; A 1971, 1366; 1973, 1516; 1987, 179)
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 investigate the person and take any appropriate action pursuant thereto. (Added to NRS by 2007, 2726)
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 limitation, any repayment plan negotiated through military counselors or third-party credit counselors. (b) Honor any proclamation by a base commander that […]
