There is a newer version of the Nevada Revised Statutes
2010 Nevada Code
TITLE 56 OTHER FINANCIAL INSTITUTIONS
Chapter 673 Savings and Loan Associations
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GENERAL PROVISIONS
- NRS 673.001 Definitions.
- NRS 673.002 "Association" defined.
- NRS 673.005 "Combination home and business structure" defined.
- NRS 673.0054 "Commissioner" defined.
- NRS 673.0056 "Cooperative housing corporation" defined.
- NRS 673.0057 "Deposit" defined.
- NRS 673.0065 "Director" defined.
- NRS 673.007 "Dividend" defined.
- NRS 673.008 "Foreign" defined.
- NRS 673.009 "Gross income" defined.
- NRS 673.011 "Home" defined.
- NRS 673.012 "Home loan" defined.
- NRS 673.013 "Home property" defined.
- NRS 673.014 "Impaired condition" defined.
- NRS 673.015 "Improved real estate" defined.
- NRS 673.016 "Insured association" defined.
- NRS 673.0165 "Interest" defined.
- NRS 673.017 "Investment certificate" defined.
- NRS 673.0185 "Merger" defined.
- NRS 673.019 "Net earnings" defined.
- NRS 673.021 "Net earnings available for dividends" defined.
- NRS 673.022 "Operating expenses" defined.
- NRS 673.023 "Operating income" defined.
- NRS 673.024 "Other real estate loan" defined.
- NRS 673.025 "Real estate expenses" defined.
- NRS 673.026 "Real estate income" defined.
- NRS 673.027 "Real estate loan" defined.
- NRS 673.031 "Savings account" defined.
- NRS 673.032 "Savings liability" defined.
- NRS 673.0321 "Service office" defined.
- NRS 673.034 "Withdrawal value" defined. ADMINISTRATION AND ENFORCEMENT
- NRS 673.035 Administration of chapter.
- NRS 673.03531 Certain relationships between employees of Division of Financial Institutions and association prohibited; termination of prohibited relationship.
- NRS 673.039 Records of Commissioner.
- NRS 673.040 Commissioner to supervise and make policy.
- NRS 673.042 Biennial report of Commissioner: Contents; distribution.
- NRS 673.043 Regulations.
- NRS 673.0435 Commissioner may secure injunctions and restraining orders.
- NRS 673.044 Notices.
- NRS 673.045 Amendment or alteration of license by Commissioner; appeal.
- NRS 673.046 Application for license: Additional requirements; fingerprints; grounds for refusal to issue license.
- NRS 673.048 Suspension or revocation of license: Additional grounds.
- NRS 673.050 Proceedings in court to test validity of action by Commissioner or Director.
- NRS 673.060 Deposit of money in State Treasury; payment of expenses; exceptions. FORMATION AND ORGANIZATION; BRANCH AND SERVICE OFFICES
- NRS 673.070 Incorporation of domestic associations: Procedure; applicability of chapter 78 of NRS; limitations on advertising for savings and loans.
- NRS 673.080 Articles to be approved by Commissioner; application; permission to organize; fees; conditions; regulations; withdrawal of application.
- NRS 673.090 Provisions of chapter abridge and enlarge powers and privileges of foreign and domestic associations.
- NRS 673.110 Procedure for removing "and loan" from name of domestic association.
- NRS 673.112 Branch offices: Definition; establishment and regulation; revocation of approval by Commissioner; advertisement; fees; regulations.
- NRS 673.113 Surety bond of association.
- NRS 673.114 Service offices: Approval of Commissioner required; revocation of approval.
- NRS 673.115 Restrictions on advertising.
- NRS 673.117 Use or change of business name; prohibitions. OFFICERS, DIRECTORS, EMPLOYEES AND CAPITAL STOCKHOLDERS
- NRS 673.207 Directors: Number; filling of vacancies; amendment of bylaws.
- NRS 673.208 Persons requiring Commissioner's approval to serve as director.
- NRS 673.209 Removal of director, officer or employee on objection of Commissioner.
- NRS 673.211 Removal of director for cause.
- NRS 673.212 Fiduciary relationship of directors and officers to association.
- NRS 673.213 Directors: Compensation and expenses.
- NRS 673.214 Officers: Election; salaries.
- NRS 673.215 Directors: Meetings; quorum.
- NRS 673.216 Official communication from Commissioner: Read at next board meeting and made part of minutes.
- NRS 673.217 Statement of purchases and sales of real estate and loans made or purchased to be considered at regular meeting and made part of minutes.
- NRS 673.2176 Notification of change in ownership of stock; application required after certain acquisitions; investigation; costs; waiver.
- NRS 673.218 Pensions and retirement plans for officers and employees.
- NRS 673.219 Directors: Approval of depositary for money of association.
- NRS 673.221 Unlawful acts; penalty.
- NRS 673.2211 Liability of directors, officers or other persons.
- NRS 673.222 Actions against officers, directors or employees: Payment of expenses of defending action by association; settlements. POWERS AND PRIVILEGES OF STATE ASSOCIATIONS
- NRS 673.225 Certain state associations possess same powers and privileges as federally chartered associations.
- NRS 673.227 Land and office buildings of association; limitation on costs.
- NRS 673.228 Trustee and custodial powers of association. STOCKS AND CERTIFICATES
- NRS 673.250 Licenses for issuance or sale of stock; contents and conditions of licenses.
- NRS 673.260 Annual license: Fees; renewal; penalty; regulations.
- NRS 673.270 Licensing of salespersons and solicitors; fees; regulations; withdrawal of applications.
- NRS 673.273 Stock, surplus, undivided profits and reserves to include percentage of value of outstanding investment certificates; dividends on permanent stock; stock dividends.
- NRS 673.274 Acts prohibited when stock, surplus, undivided profits and reserves below amount specified.
- NRS 673.275 Impairment of stock; levy of assessment to repair deficiency; reduction of stock.
- NRS 673.2755 Investment certificates: Rights and liabilities of holders; types of certificates; limitation on approval. RESERVE FOR LOSSES
- NRS 673.2758 Requirements. INVESTMENTS AND BORROWING
- NRS 673.276 Permissible investments.
- NRS 673.2765 Investments in related service corporations.
- NRS 673.2766 Investments in real property for subdivision or residential development.
- NRS 673.278 Purchases of loans.
- NRS 673.279 Purchases of real property contracts; conditions.
- NRS 673.280 Certain federal obligations are legal investments.
- NRS 673.281 Restrictions on transfer or encumbrance of note and other obligations held by association.
- NRS 673.300 Association may become member and stockholder of Federal Home Loan Bank, borrow money and invest in bonds.
- NRS 673.301 Association may issue capital notes; voting rights of holders.
- NRS 673.302 Limitation on borrowing.
- NRS 673.310 Loans and advances of credit insured by Federal Housing Administrator or Department of Veterans Affairs.
- NRS 673.315 Investment in Federal National Mortgage Association.
- NRS 673.316 Loans and investments not limited. APPRAISALS
- NRS 673.317 Approval of appraiser by Commissioner required; limitations; revocation; notice of termination of services.
- NRS 673.3171 Appraisal of real estate required before granting loan; requirements.
- NRS 673.318 Appraisal of real estate at time of acquisition.
- NRS 673.319 Specific loss reserve; determination of values by Commissioner.
- NRS 673.3191 Reserve for uncollected interest. INSURANCE OF ACCOUNTS
- NRS 673.320 Associations empowered to insure accounts. LOANS
- NRS 673.324 Permissible loans.
- NRS 673.3244 Loans to corporations or partnerships.
- NRS 673.3255 Loans to finance interest in cooperative housing corporation; first security interests.
- NRS 673.3271 Loans to one borrower.
- NRS 673.3272 Payment of charges by association for protection of its investments; required advance monthly payments.
- NRS 673.330 Limitation on charge for prepayment of loan.
- NRS 673.331 Loans prohibited on security of association's own stock.
- NRS 673.332 Property acquired by foreclosure or developed by association; real-estate-owned accounts; subsidiary ledger records. INTEREST AND DIVIDENDS
- NRS 673.333 Apportionment of earnings and payment of interest; determination of percentage rate of declaration; classes of savings accounts; notice of change in method of calculating interest.
- NRS 673.336 Restrictions on declaration of dividends. INVESTORS
- NRS 673.340 Minors and married persons; payment as valid discharge of association.
- NRS 673.360 Administrators, executors, guardians and trustees; payment as valid discharge of association.
- NRS 673.370 Payment to beneficiary on death of trustee; payment as valid discharge of association. SAFE-DEPOSIT BOXES
- NRS 673.373 Notice of overdue rental; opening of box; retention of contents in general vaults; delivery of contents to State Treasurer. WITHDRAWALS
- NRS 673.377 Minimum required available cash, deposits and securities; making and purchasing loans prohibited when minimum not met.
- NRS 673.380 Procedure when requests for withdrawals exceed amount available.
- NRS 673.390 Order of payment of withdrawals.
- NRS 673.420 Notice to Commissioner of inability to pay request for withdrawal on file more than 60 days. REPORTS, EXAMINATIONS AND AUDITS
- NRS 673.430 Annual reports: Filing; form and contents; fees; penalty; regulations.
- NRS 673.440 Commissioner may require further information.
- NRS 673.450 Hearings, investigations and examinations by Commissioner; powers of Commissioner; biennial examination required.
- NRS 673.451 Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses.
- NRS 673.453 Enforcement of subpoena by district court.
- NRS 673.455 Examination of holding companies.
- NRS 673.460 Examinations outside State; fees and traveling expenses; regulations.
- NRS 673.470 Other examinations acceptable in lieu of examination by Commissioner.
- NRS 673.480 Authority of Commissioner to make information available to other officers and agencies.
- NRS 673.483 Audit of books and accounts.
- NRS 673.4835 Independent audit and examination: Payment of assessment; cooperation. SUSPENSION AND REVOCATION OF CHARTERS
- NRS 673.484 Grounds; notice and hearing. REORGANIZATION; MERGER; CONSOLIDATION
- NRS 673.4845 Procedure; approval by association and Commissioner; fee; regulations. CONSERVATORSHIP; LIQUIDATION; RECEIVERSHIP
- NRS 673.485 Authority of Commissioner to order discontinuance of unlawful or unsafe practices; special meetings of directors concerning noncompliance.
- NRS 673.495 Conservator: Appointment by Commissioner; district court confirmation.
- NRS 673.497 Powers of conservator; limitations; expenses; compensation.
- NRS 673.499 Receiver: Appointment by Commissioner; court confirmation; powers and authority; compensation.
- NRS 673.515 Appeal from judgment enjoining Commissioner or dismissing action to enjoin; bond.
- NRS 673.525 Penalty for failure to comply with Commissioner's demand for possession of property, business and assets.
- NRS 673.535 Enforcement by sheriff of demand for possession of property, business and assets; written demand for assistance; duty to enforce.
- NRS 673.545 Delivery of schedule of property, assets and collateral to Commissioner; examination of directors, officers or employees by Commissioner.
- NRS 673.555 Authority of Commissioner to issue subpoenas and require attendance of parties.
- NRS 673.565 Appointment of custodian; bond.
- NRS 673.575 Collection of money; preservation of assets.
- NRS 673.576 Powers of Commissioner when in possession of business, property and assets.
- NRS 673.577 Claims for damages from disaffirmance of executory contract or lease.
- NRS 673.580 Procedure upon taking possession of insured association: Federal Deposit Insurance Corporation as liquidator or coliquidator.
- NRS 673.590 Delivery of remaining assets to stockholders. FOREIGN ASSOCIATIONS
- NRS 673.595 Activities for which license not required; solicitation or acceptance of deposits prohibited; exception; fee.
- NRS 673.597 Conflict of laws; report to Commissioner of forbidden course or act. CONVERSION INTO FEDERAL ASSOCIATION
- NRS 673.600 Conversion authorized.
- NRS 673.610 Notice of stockholders' meeting: Service and proof of service.
- NRS 673.620 Majority approval of resolution at stockholders' meeting required; filing of minutes with Commissioner.
- NRS 673.630 Filing of charter or certificate with Commissioner; fee; taxation; regulations.
- NRS 673.640 When state supervision ceases; when property and assets vest in association under new name and style; enjoyment of property by converted association. CONVERSION OF FEDERAL ASSOCIATION
- NRS 673.650 Conversion authorized; votes necessary.
- NRS 673.660 Time for election of directors after conversion; time directors to hold office.
- NRS 673.670 Filing of verified minutes of stockholders' meeting.
- NRS 673.680 Verified copy of minutes as presumptive evidence of holding meeting and action taken.
- NRS 673.690 Federal association and directors to take necessary action to incorporate as state association; no minimum amount of capital required.
- NRS 673.700 Inclusion of statement of conversion in articles permissible.
- NRS 673.710 Time for filing articles of incorporation with Federal Home Loan Bank; number of copies; certification by Secretary of State.
- NRS 673.720 Time of association's cessation as federal association; time of vesting of property in association under new name and style.
- NRS 673.730 Enjoyment of property by converted association; association as continuation of previous federal association.
- NRS 673.740 Acts permitted executors, administrators and fiduciaries without obtaining court approval. POWERS AND PRIVILEGES OF FEDERAL SAVINGS AND LOAN ASSOCIATIONS
- NRS 673.750 Powers and privileges same as domestic association; conditions. EXPLOITATION OF OLDER PERSONS OR VULNERABLE PERSONS
- NRS 673.773 Definitions.
- NRS 673.777 "Designated reporter" defined.
- NRS 673.783 "Exploitation" defined.
- NRS 673.787 "Older person" defined.
- NRS 673.793 "Reasonable cause to believe" defined.
- NRS 673.797 "Vulnerable person" defined.
- NRS 673.803 Training; reporting to designated reporter.
- NRS 673.807 Designated reporter: Designation; duty to report; immunity. UNLAWFUL ACTS; PENALTIES
- NRS 673.810 Making false statement concerning financial condition of savings and loan association.
- NRS 673.820 Violation of chapter or fraudulent misrepresentation of contract or securities by association; administrative fines.
- NRS 673.830 Violation of chapter or sale of securities through fraudulent misrepresentation.
- NRS 673.840 Sale or offer to sell securities without license or for failure to secure license or pay fee or penalty.
- NRS 673.850 Effect of revocation of license.
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