Nevada Administrative Code
Chapter 677 - Thrift Companies
AUDITS, EXAMINATIONS AND APPRAISALS
Section 677.330 - Market value of security
Universal Citation: NV Admin Code 677.330
Current through September 16, 2024
The market value of any collateral taken as security for a loan, or of any item listed in subsection 1 of NRS 677.790, which is purchased, sold or discounted by the company must be determined by:
1. Reference to a standard publication in general use by the trade;
2. A copy of the bill of sale or purchase invoice;
3. In the case of household goods, the value of which is not relied upon by the licensee to secure the net amount of the loan, a statement of value represented as true and correct by the borrower and signed by him; or
4. An adequate written appraisal.
Dep't of Commerce, Thrift Companies Reg. § 13 subsec. 13.1, eff. 1-4-76; A 1-4-78; 12-14-78
NRS 677.380
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