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2017 Nevada Revised Statutes
Chapter 673 - Savings and Loan Associations
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.
- 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.
- NRS 673.070 - Incorporation of domestic associations: Procedure; applicability of chapter 78
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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 673.377 - 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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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