1. A financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905, inclusive, shall:
(a) Notify the Commissioner of the public availability of the current CRA rating of the financial institution as soon as the CRA rating becomes publicly available.
(b) Conduct training sessions to provide information concerning the obligations imposed on the financial institution by the CRA for persons and organizations, including, without limitation, faith-based and consumer advocacy organizations, that operate within the community served by the financial institution. The financial institution must report to the Commissioner the number of such training sessions conducted by the financial institution each year.
2. The Division of Financial Institutions shall post the current CRA rating for every financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905, inclusive, on the Internet website of the Division.
3. Each even-numbered year, the Commissioner shall submit a report that includes:
(a) The name of each financial institution subject to the Community Reinvestment Act of 1977, 12 U.S.C. §§ 2901 to 2905, inclusive, and the current CRA rating of each such financial institution; and
(b) The number of training sessions required by this section that are conducted by each such financial institution each year.
4. The report required pursuant to subsection 3 must be submitted to the Legislative Commission.
5. As used in this section, "CRA rating" means the rating assigned to a financial institution pursuant to 12 U.S.C. § 2906.
(Added to NRS by 2021, 737)
Structure Nevada Revised Statutes
Chapter 665 - Examinations and Reports
NRS 665.015 - Commissioner to provide forms for examinations and reports; preservation of reports.
NRS 665.025 - Commissioner to make examinations of banks.
NRS 665.035 - Reports of examination.
NRS 665.045 - Service and availability of copies of report; correction of conditions.
NRS 665.075 - Nature, review and disclosure of contents of report.
NRS 665.095 - Certified copies of records as evidence.
NRS 665.105 - Reports to Commissioner: General requirements.
NRS 665.125 - Powers and duties concerning examinations.
NRS 665.130 - Receipt and certification of reports; disclosure of information prohibited; exception.
NRS 665.135 - Administration of oaths and summoning of witnesses for purposes of examination.
NRS 665.145 - Official communications.
NRS 665.155 - Appraisal of assets of doubtful value.
NRS 665.175 - Removal of officer, director, manager or employee.