1. On a quarterly or other regular basis, the Commissioner shall collect an assessment pursuant to this section from each:
(a) Check-cashing service or deferred deposit loan service that is supervised pursuant to chapter 604A of NRS;
(b) Collection agency that is supervised pursuant to chapter 649 of NRS;
(c) Bank that is supervised pursuant to chapters 657 to 668, inclusive, of NRS;
(d) Trust company or family trust company that is supervised pursuant to chapter 669 or 669A of NRS;
(e) Person engaged in the business of selling or issuing checks or of receiving for transmission or transmitting money or credits that is supervised pursuant to chapter 671 of NRS;
(f) Savings and loan association or savings bank that is supervised pursuant to chapter 673 of NRS;
(g) Person engaged in the business of lending that is supervised pursuant to chapter 675 of NRS;
(h) Thrift company that is supervised pursuant to chapter 677 of NRS; and
(i) Credit union that is supervised pursuant to chapter 672 of NRS.
(j) Consumer litigation funding company that is supervised pursuant to chapter 604C of NRS.
2. The Commissioner shall determine the total amount of all assessments to be collected from the entities identified in subsection 1, but that amount must not exceed the amount necessary to recover the cost of legal services provided by the Attorney General to the Commissioner and to the Division of Financial Institutions. The total amount of all assessments collected must be reduced by any amounts collected by the Commissioner from an entity for the recovery of the costs of legal services provided by the Attorney General in a specific case.
3. The Commissioner shall collect from each entity identified in subsection 1 an assessment that is based on:
(a) A portion of the total amount of all assessments as determined pursuant to subsection 2, such that the assessment collected from an entity identified in subsection 1 shall bear the same relation to the total amount of all assessments as the total assets of that entity bear to the total of all assets of all entities identified in subsection 1; or
(b) Any other reasonable basis adopted by the Commissioner.
4. The assessment required by this section is in addition to any other assessment, fee or cost required by law to be paid by an entity identified in subsection 1.
5. Money collected by the Commissioner pursuant to this section must be deposited in the State Treasury pursuant to the provisions of NRS 658.091.
(Added to NRS by 2003, 3225; A 2003, 20th Special Session, 261; 2005, 1712; 2009, 1135, 2000; 2013, 1248; 2019, 2414)
Structure 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 658.065 - 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 658.105 - 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 658.185 - Incidental powers of Commissioner.
NRS 658.195 - Right to sue and defend in actions involving banks; liability to suit.
NRS 658.200 - Nontraditional mortgage loan products; disclosures required.