Nevada Code § 675.090

Application for license: Form; contents; requirements when applying for license for office or other place of business located outside State; withdrawal of application
Open in Lexace · Ask the AI about this section
1. Application for a license must be in
writing, under oath, and in the form prescribed by the Commissioner.
2. The application must:
(a) Provide the address of the office or other
place of business for which the application is submitted.
(b) Contain such further relevant information as
the Commissioner may require, including the names and addresses of the
partners, officers, directors or trustees, and of such of the principal owners
or members as will provide the basis for the investigations and findings
contemplated by NRS 675.110 and 675.120 .
3. A person may apply for a license for an
office or other place of business located outside this State from which the
applicant will conduct business in this State if:
(a) The applicant is an Internet business lender
or Internet consumer lender, including, without limitation, a person who has
contracted with the Department of Motor Vehicles pursuant to subsection 5 of NRS 481.055 to make loans through an
electronic branch office of the Department; or
(b) The applicant or a subsidiary or affiliate of
the applicant has a license issued pursuant to this chapter for an office or
other place of business located in this State.
4. A person who wishes to apply for a
license pursuant to subsection 3 must submit with the application for a license
a statement signed by the applicant which states that the applicant agrees to:
(a) Make available at a location within this
State the books, accounts, papers, records and files of the office or place of
business located outside this State to the Commissioner or a representative of
the Commissioner; or
(b) Pay the reasonable expenses for travel, meals
and lodging of the Commissioner or a representative of the Commissioner
incurred during any investigation or examination made at the office or place of
business located outside this State.
The person
must be allowed to choose between paragraph (a) or (b) in complying with the
provisions of this subsection.
5. The Commissioner shall consider an
application to be withdrawn if the Commissioner has not received all information
and fees required to complete the application within 6 months after the date
the application is first submitted to the Commissioner or within such later
period as the Commissioner determines in accordance with any existing policies
of joint regulatory partners. If an application is deemed to be withdrawn
pursuant to this subsection or if an applicant otherwise withdraws an
application, the Commissioner may not issue a license to the applicant unless
the applicant submits a new application and pays any required fees.

‹ Prev All Nevada sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.