Any financial product or service provided within the scope of the Program is subject to the following requirements and limitations:
1. Any consumer of the product or service must be a resident of this State on the date that the product or service is first provided to the consumer.
2. Except as otherwise provided in subsection 3, not more than 5,000 consumers may be provided a given product or service by a participant during the period of testing.
3. If the Director approves a request for relief by a participant pursuant to NRS 657A.320, not more than 7,500 consumers may be provided a given product or service by the participant during the period of testing.
(Added to NRS by 2019, 3988)
Structure Nevada Revised Statutes
Chapter 657A - Regulatory Experimentation Program for Product Innovation
NRS 657A.110 - "Applicable regulator" defined.
NRS 657A.120 - "Consumer" defined.
NRS 657A.130 - "Director" defined.
NRS 657A.140 - "Financial product or service" or "product or service" defined.
NRS 657A.150 - "Innovation" defined.
NRS 657A.160 - "Participant" defined.
NRS 657A.170 - "Program" defined.
NRS 657A.180 - "Test" defined.
NRS 657A.200 - Establishment of Program.
NRS 657A.230 - Participant deemed to hold a license or other authorization.
NRS 657A.300 - Financial product or service provided within Program: Requirements and limitations.
NRS 657A.310 - Limitations on transactions.
NRS 657A.330 - Required disclosures.
NRS 657A.340 - Period of testing.
NRS 657A.400 - Application to participate; requirements for application; fee.
NRS 657A.420 - Approval or denial of application; notice of approval or denial.
NRS 657A.520 - Electronic form of certain information; substitution of certain information.
NRS 657A.530 - Report by Director to Legislature.
NRS 657A.600 - Establishment of toll-free telephone number and Internet website for complaints.