Go to Previous Versions
of
this Chapter
2024 Nevada Revised Statutes
Chapter 671 - Money Transmission
GENERAL PROVISIONS
- NRS 671.004 - Definitions.
- NRS 671.0045 - "Authorized delegate" defined.
- NRS 671.005 - "Average daily money transmission liability" defined.
- NRS 671.0055 - "Bank Secrecy Act" defined.
- NRS 671.006 - "Calendar quarter" defined.
- NRS 671.0065 - "Closed loop stored value" defined.
- NRS 671.007 - "Control" defined.
- NRS 671.0075 - "Eligible rating" defined.
- NRS 671.008 - "Eligible rating service" defined.
- NRS 671.0085 - "Federally insured depository financial institution" defined.
- NRS 671.009 - "Key individual" defined.
- NRS 671.0095 - "Licensee" defined.
- NRS 671.010 - Definitions.
- NRS 671.0105 - "Material litigation" defined.
- NRS 671.011 - "Monetary value" defined.
- NRS 671.0115 - "Money" defined.
- NRS 671.012 - "Money or credits received for transmission" defined.
- NRS 671.0125 - "Money services business accredited state" defined.
- NRS 671.013 - "Money transmission" defined.
- NRS 671.0135 - Multistate licensing process" defined.
- NRS 671.014 - "Nationwide Multistate Licensing System and Registry" or "Registry" defined.
- NRS 671.0145 - "Outstanding money transmission obligation" defined.
- NRS 671.015 - "Passive investor" defined.
- NRS 671.0155 - "Payment instrument" defined.
- NRS 671.016 - "Payroll processing services" defined.
- NRS 671.0165 - "Person" defined.
- NRS 671.017 - Privately insured depository financial institution" defined.
- NRS 671.0175 - "Receiving money or credits for transmission" defined.
- NRS 671.018 - Stored value" defined.
- NRS 671.0185 - "Tangible net worth" defined.
- NRS 671.019 - "USA Patriot Act" defined.
- NRS 671.0195 - Application and construction of chapter.
- NRS 671.020 - Applicability of chapter: Generally. [Effective through December 31, 2029.] Applicability of chapter: Generally. [Effective January 1, 2030.]
- NRS 671.0205 - Applicability of chapter: Authority of Commissioner to exempt additional persons.
- NRS 671.021 - Applicability of chapter: Authority of Commissioner to require demonstration of qualification for exemption.
- NRS 671.030 - Regulations.
- NRS 671.040 - Prohibition against engaging in business of money transmission without being licensed or authorized delegate and regardless of location or method used.
- NRS 671.050 - Application for license: Form and medium; contents; bond or securities; financial statement; fees and expenses; regulations; withdrawal of application.
- NRS 671.055 - Application for license: Additional requirements.
- NRS 671.060 - Completion of application for license; conduct and cost of investigation of applicant; issuance of license; denial of application; appeal.
- NRS 671.070 - Expiration and renewal of license; fees; regulations.
- NRS 671.080 - License not transferable or assignable; business must be conducted at location specified in application or operated by authorized delegate; changes in location, name or operation of business.
- NRS 671.090 - Agents of licensees: When license required; application; fees; regulations; withdrawal of application.
- NRS 671.092 - Authority of Commissioner to take certain action to establish consistent licensing between states; authority of Commissioner to participate in Nationwide Multistate Licensing System and Registry; use of Registry for implementation of requirements of chapter; charges for use of Registry; regulations; provisions do not replace or affect authority of Commissioner regarding licensing.
- NRS 671.094 - Authority of Commissioner to require submission of fingerprints; use of Nationwide Multistate Licensing System and Registry for submission and processing of fingerprints.
- NRS 671.096 - Nationwide Multistate Licensing System and Registry: Commissioner required to report certain information or material; confidentiality of information or material provided; Commissioner authorized to enter into certain agreements and arrangements.
- NRS 671.098 - Additional materials required to be submitted to Commissioner by certain persons through Nationwide Multistate Licensing System and Registry.
- NRS 671.099 - Licensee required to register and maintain unique identifier with Nationwide Multistate Licensing System and Registry; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry.
- NRS 671.0995 - Suspension or revocation of license for failure to meet qualifications or satisfy requirements applicable to applicant; applicant required to demonstrate compliance with certain requirements.
- NRS 671.100 - Bond: Amounts; form; notice to Commissioner of action or judgment; replenishment; liability of surety; increase in amount; cancellation or alteration.
- NRS 671.110 - Deposits in lieu of bond.
- NRS 671.115 - Tangible net worth: Amount required to be maintained.
- NRS 671.120 - Examination of licensee by Commissioner; entry upon premises and access to documents; fee; audit in lieu of examination.
- NRS 671.125 - Permissible investments: Duty of licensee to maintain; amount; establishment and termination of statutory trust; powers and duties of Commissioner.
- NRS 671.135 - Permissible investments: Types; limitations.
- NRS 671.140 - Schedule of rates: Posting; excess fees prohibited.
- NRS 671.145 - Permissible investments: Letter of credit.
- NRS 671.150 - Deposit of receipts; commingling prohibited; deposit if license suspended or terminated; assets must cover liabilities.
- NRS 671.155 - Acquisition of control of licensee: Approval of Commissioner required; application; investigation; conditions for approval; authority of Commissioner if applicant is subject to multistate licensing process; denial; appeal; applicability.
- NRS 671.160 - Discontinuance of licensee’s business: Notice; surrender of license; order of Commissioner; possession of business and property by Commissioner; appointment of receiver.
- NRS 671.165 - Acquisition of control of licensee: Request for determination of whether person will be considered person in control upon consummation of proposed transaction; authority of Commissioner if requester is subject to multistate licensing process.
- NRS 671.170 - Investigations and hearings; fee; required reports; confidential communications.
- NRS 671.175 - Acquisition of control of licensee: Exceptions from requirements for approval.
- NRS 671.180 - Suspension, revocation or denial of renewal of license: Notice; hearing; order; grounds; judicial review.
- NRS 671.183 - Failure to submit required report; fees; regulations.
- NRS 671.185 - Administrative fines.
- NRS 671.190 - Unlawful acts; penalty; other remedies.
- NRS 671.195 - Addition or replacement of key individual: Notice and information required to be provided to Commissioner; notice of disapproval; appeal; authority of Commissioner if licensee is subject to multistate licensing process.
- NRS 671.205 - Required actions of licensee before engaging in money transmission through or allowing person to act as authorized delegate; authorized delegate to operate in compliance with chapter; required contract between licensee and authorized delegate; procedures upon suspension, revocation, surrender or expiration of license of licensee; money held in trust; use of subdelegate prohibited.
- NRS 671.215 - Engaging in money transmission on behalf of unlicensed or nonexempt person prohibited; liability.
- NRS 671.225 - Failure to remit money as required: Relief authorized in action by licensee against authorized delegate; notification by licensee required upon issuance of order prohibiting person from acting as authorized delegate; penalty.
- NRS 671.235 - Circumstances under which transaction involving money transmission is deemed to take place in this State.
- NRS 671.245 - Money or credit received for transmission required to be forwarded in accordance with agreement between licensee and sender; licensee required to respond to inquiries upon failure to forward; exceptions.
- NRS 671.255 - Refund required upon written request; exceptions; applicability.
- NRS 671.265 - Receipt required for all money or credits received for transmission; exceptions; requirements for receipt.
- NRS 671.275 - Duties of licensee providing payroll processing services; exception.
- NRS 671.285 - Annual filing of financial statement and other information with Commissioner; requirements for financial statement; order to remove qualification in financial statement.
- NRS 671.295 - Filing of reports required by Bank Secrecy Act and other laws pertaining to money laundering.
- NRS 671.305 - Quarterly report of condition: Submission; contents; authority of Commissioner to waive, modify or alter requirements.
- NRS 671.315 - Quarterly report concerning authorized delegates: Submission; contents.
- NRS 671.325 - Filing of report upon occurrence of certain events.
- NRS 671.335 - Records: Maintenance; open to inspection by Commissioner.
- NRS 671.345 - Administration, interpretation and enforcement of chapter: Powers and duties of Commissioner; regulations.
- NRS 671.355 - Regulations.
- NRS 671.365 - Confidentiality of certain information and documents; authority of Commissioner to disclose confidential information to certain persons; information that is not confidential authorized to be made available on Internet website of Division of Financial Institutions.
- NRS 671.375 - Examination of licensee or authorized delegate by Commissioner; authorized actions to administer and enforce chapter; authorized actions to conduct examination; provision of records required; use of multistate standards and procedures; fees.
- NRS 671.385 - Authority of Commissioner to participate in multistate supervisory processes; authority to conduct examination or investigation or otherwise take action not waived; fees not waived.
- NRS 671.395 - Inconsistencies between provisions of chapter and federal law governed by federal law; authority of Commissioner to provide interpretive guidance concerning inconsistencies.
- NRS 671.405 - Duty of Commissioner to report certain information and material to Nationwide Multistate Licensing System and Registry; confidentiality of information or material provided; authority of Commissioner to enter into certain agreements and arrangements.
- NRS 671.415 - Investigations and hearings; fee; confidential communications.
- NRS 671.425 - Discontinuance of licensee’s business: Notice; surrender of license; order of Commissioner; possession of business and property by Commissioner; appointment of receiver.
- NRS 671.435 - Suspension, revocation or denial of renewal of license: Notice; hearing; order; grounds; considerations in determining whether practice is unsafe or unsound; judicial review.
- NRS 671.445 - Suspension or revocation of designation of authorized delegate: Grounds; considerations in determining whether practice is unsafe or unsound; relief.
- NRS 671.455 - Order to cease and desist violation: Issuance; hearing; petition to set aside, limit or suspend.
- NRS 671.465 - Consent order.
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
