1. Subject to any limitations or restrictions contained in federal or state law governing the privacy or confidentiality of records, the Commissioner shall report regularly any violations of applicable laws committed by applicants for licenses or licensees, enforcement actions and other relevant information to the Registry.
2. The requirements under any federal or state law, including, without limitation, rules of a federal or state court, regarding the privacy and confidentiality of any information or material provided to the Registry and any privilege arising under federal or state law with respect to such information or material, continue to apply to such information or material after it has been disclosed to the Registry. Such information and material may be shared with federal and state regulatory officials with oversight authority over licensees without the loss of privilege or the loss of confidentiality protections provided by federal or state law.
3. The Commissioner may enter into agreements or sharing arrangements with other governmental agencies, the Conference of State Bank Supervisors, the State Regulatory Registry, LLC, or other associations representing governmental agencies.
(Added to NRS by 2021, 2060, effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing System and Registry has sufficient capabilities to allow the Commissioner to carry out the provisions of chapter 347, Statutes of Nevada 2021, at page 2030)
Structure Nevada Revised Statutes
Chapter 645G - Exchange Facilitators
NRS 645G.020 - "Commissioner" defined.
NRS 645G.030 - "Division" defined.
NRS 645G.040 - "Exchange facilitator" defined.
NRS 645G.050 - "Financial institution" defined.
NRS 645G.060 - "Licensee" defined.
NRS 645G.120 - License required for certain members and officers of certain business organizations.
NRS 645G.150 - Branch offices.
NRS 645G.160 - Display of license.
NRS 645G.170 - Designation of exchange facilitator officer.
NRS 645G.220 - Fees; regulations.
NRS 645G.230 - Audit of licensees; report to Legislature.
NRS 645G.300 - Client’s money and property: Fiduciary duty of licensee.
NRS 645G.310 - Money held for client: Written approval required for withdrawal.
NRS 645G.320 - Fidelity bond or deposit.
NRS 645G.350 - Exchange funds required to be kept separate.
NRS 645G.360 - Exchange funds not subject to execution or attachment; commingling prohibited.
NRS 645G.400 - Deposit of money received by Commissioner.
NRS 645G.410 - Deposit and use of money received by Division from civil penalty.
NRS 645G.500 - Investigation of actions of exchange facilitators and other persons.
NRS 645G.510 - Confidentiality of certain records of Division; exception.
NRS 645G.520 - Limitations on suspension and reissuance of license after revocation.
NRS 645G.535 - Revocation, suspension or denial of renewal of license: Complaint; notice of hearing.
NRS 645G.545 - Revocation, suspension or denial of renewal of license: Hearing; transcript.
NRS 645G.555 - Fees and mileage for witness.
NRS 645G.560 - Enforcement of subpoenas.
NRS 645G.900 - Prohibited acts; penalties; injunctive relief.