Nevada Revised Statutes
Chapter 645G - Exchange Facilitators
NRS 645G.360 - Exchange funds not subject to execution or attachment; commingling prohibited.


1. Exchange funds are not subject to execution or attachment on any claim against the licensee.
2. A licensee shall not knowingly keep or cause to be kept any money in any bank, credit union or other financial institution under any name designating the money as belonging to the clients of any licensee, unless the money belongs to the client and was actually entrusted to the licensee by the client.
(Added to NRS by 2007, 3108)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 645G - Exchange Facilitators

NRS 645G.010 - Definitions.

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.075 - "Nationwide Multistate Licensing System and Registry" defined. [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 Mult...

NRS 645G.090 - Inapplicability of chapter to participants in Regulatory Experimentation Program for Product Innovation; exception.

NRS 645G.100 - License required; regulations; application; fingerprints; issuance and renewal of license. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel...

NRS 645G.110 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Division. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish pr...

NRS 645G.120 - License required for certain members and officers of certain business organizations.

NRS 645G.130 - Duties of licensee: Maintenance of principal place of business or registered agent in state; notice of change of address or telephone number; provision of information required by Division; notice of licensing changes to clients.

NRS 645G.140 - License nontransferable; business of licensee may only be sold or transferred to another licensee.

NRS 645G.150 - Branch offices.

NRS 645G.160 - Display of license.

NRS 645G.170 - Designation of exchange facilitator officer.

NRS 645G.180 - Effect of failure to renew before expiration. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensi...

NRS 645G.200 - Reciprocal license: Person licensed in another jurisdiction. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Mul...

NRS 645G.210 - Special license: Financial institutions. [Effective until 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 Sy...

NRS 645G.220 - Fees; regulations.

NRS 645G.230 - Audit of licensees; report to Legislature.

NRS 645G.250 - Commissioner authorized to take action to participate; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding licensing. [Effective on the date on which the Commissioner of Financial Insti...

NRS 645G.260 - Submission and processing of fingerprints. [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 Sys...

NRS 645G.270 - Commissioner required to report certain information or material; confidentiality of information or material provided; Commissioner authorized to enter into certain agreements and arrangements. [Effective on the date on which the Commis...

NRS 645G.280 - Additional materials required to be submitted. [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...

NRS 645G.290 - Licensee required to register and maintain unique identifier; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry. [Effective on the date on which the Commissioner of Fina...

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.330 - Insurance: Maintenance of policy; other security; proof of coverage; claims; duty of Division.

NRS 645G.340 - Written notice of cancellation or withdrawal of bond, insurance or other security; suspension of license.

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.505 - Division required to maintain records of complaints, investigations and denials of applications.

NRS 645G.510 - Confidentiality of certain records of Division; exception.

NRS 645G.515 - Authorized disciplinary action; grounds; orders imposing discipline deemed public records; payment of costs incurred by Division.

NRS 645G.520 - Limitations on suspension and reissuance of license after revocation.

NRS 645G.525 - Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until 2 years after the date of the repeal of 42 U.S.C. § 666, the federal law requiring each sta...

NRS 645G.530 - Investigations, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license.

NRS 645G.535 - Revocation, suspension or denial of renewal of license: Complaint; notice of hearing.

NRS 645G.540 - Revocation, suspension or denial of renewal of license: Answer; limitations on time of commencing proceeding.

NRS 645G.545 - Revocation, suspension or denial of renewal of license: Hearing; transcript.

NRS 645G.550 - Power of Commissioner to administer oaths, certify acts and issue subpoenas; service of process.

NRS 645G.555 - Fees and mileage for witness.

NRS 645G.560 - Enforcement of subpoenas.

NRS 645G.565 - Depositions; taking of evidence in another state; rights of party to hearing to request subpoenas.

NRS 645G.570 - Decision of Commissioner on complaint: Rendition; notice; effective date; stay of decision.

NRS 645G.575 - Decision of Commissioner in disciplinary action final when in favor of licensee; judicial review of decision against licensee.

NRS 645G.900 - Prohibited acts; penalties; injunctive relief.