Nevada Revised Statutes
Chapter 658 - Supervision and Control
NRS 658.055 - Deputy commissioners; other employees; independent audits and examinations; assessments; Account for Auditing Financial Institutions.


1. The Commissioner may appoint deputy commissioners of financial institutions, examiners, assistants, clerks, stenographers and other employees necessary to assist the Commissioner in the performance of the Commissioner’s duties pursuant to this title or any other law. These employees shall perform such duties as are assigned to them by the Commissioner.
2. The Commissioner shall employ a certified public accountant to review and conduct independent audits and examinations of financial institutions. The Commissioner shall levy an assessment upon each licensed financial institution to cover all of the costs related to the employment of the certified public accountant and the performance of the audits and examinations.
3. Assessments collected by the Commissioner pursuant to subsection 2 must be deposited in the State Treasury for credit to the Account for Auditing Financial Institutions, which is hereby created in the State General Fund. Money in the Account may be used by the Commissioner or for any purpose authorized by the Legislature. The Commissioner may advance money from the Account, for the purposes specified in subsection 2.
(Added to NRS by 1971, 966; A 1983, 1722; 1985, 447; 1987, 826, 1898; 1989, 919; 1991, 1806; 2010, 26th Special Session, 25)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 658 - Supervision and Control

NRS 658.015 - Administration of provisions of certain chapters.

NRS 658.021 - Commissioner: Qualifications; restrictions on other employment.

NRS 658.025 - Commissioner prohibited from having interest in bank or regulated corporation.

NRS 658.035 - Oath of Commissioner.

NRS 658.045 - Office.

NRS 658.055 - Deputy commissioners; other employees; independent audits and examinations; assessments; Account for Auditing Financial Institutions.

NRS 658.065 - Oath of deputy commissioners.

NRS 658.085 - Advisory capacity of State Board of Finance.

NRS 658.091 - Deposit, use and disposition of money; Commissioner to administer account.

NRS 658.096 - Fees charged by Commissioner; regulations.

NRS 658.098 - Assessment for cost of legal services provided to Commissioner and Division of Financial Institutions; deposit of money in State Treasury.

NRS 658.101 - Rates charged by Commissioner for supervision and examination; annual review and publication of rates.

NRS 658.105 - Powers of Commissioner.

NRS 658.115 - Summary orders of Commissioner.

NRS 658.125 - Appeals to State Board of Finance.

NRS 658.135 - Attestation of licenses, orders and certificates.

NRS 658.145 - Power of Commissioner to offer rewards.

NRS 658.151 - Power of Commissioner to take possession of business and property of depository institution; grounds.

NRS 658.155 - Penalty: Neglect of duty under certain chapters; false or injurious statement concerning bank; malfeasance or corruption in office.

NRS 658.165 - Officers and employees of Division of Financial Institutions prohibited from having interest in certain banks; exceptions; termination of interest.

NRS 658.175 - State Board of Finance bound by limitations imposed on Commissioner as to certification of new banks and establishment of branch banks.

NRS 658.185 - Incidental powers of Commissioner.

NRS 658.190 - Regulations concerning nontraditional mortgage loan products and certain lending practices.

NRS 658.195 - Right to sue and defend in actions involving banks; liability to suit.

NRS 658.200 - Nontraditional mortgage loan products; disclosures required.

NRS 658.210 - Residential mortgage loan originator acting on behalf of privately insured institution or organization required to be licensed as mortgage loan originator.