1. The Commissioner shall establish by regulation rates to be paid by banks and other financial institutions for supervision and examinations by the Commissioner or the Division of Financial Institutions.
2. In establishing a rate pursuant to subsection 1, the Commissioner shall consider:
(a) The complexity of the various examinations to which the rate applies;
(b) The skill required to conduct the examinations;
(c) The expenses associated with conducting the examination and preparing a report; and
(d) Any other factors the Commissioner deems relevant.
3. At least once each year, the Commissioner shall review and analyze the proportional utilization of the resources of the Division of Financial Institutions by banks and other financial institutions as compared to the annual budget approved by the Legislature for the Division of Financial Institutions. If after such review and analysis the Commissioner deems it necessary, the Commissioner shall adjust by regulation the rates established pursuant to subsection 1.
4. The Commissioner shall publish on the Internet website of the Division of Financial Institutions by December 31 of each year the amount of each fee for the following year that results from the rates established and, if applicable, adjusted pursuant to this section.
5. As used in this section, "financial institution" means a depository institution or any other institution or business regulated by the Division of Financial Institutions pursuant to titles 52, 54 and 55. The term includes, without limitation, a holding company, affiliate or subsidiary of such an institution.
(Added to NRS by 1987, 2222; A 2017, 397)
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.