1. In addition to any other requirements set forth by specific statute, each applicant for the issuance of a license and each owner, officer, director and responsible person of the applicant, each person in control of the applicant and any other person the Commissioner may require in accordance with guidelines of the Registry or other multistate agreements shall submit to the Registry:
(a) A complete set of fingerprints for submission to the Federal Bureau of Investigation and any other governmental agency or entity authorized to receive such information for a state, national and international background check on the criminal history of the person;
(b) Information concerning the personal history, financial history and experience of the person in a form prescribed by the Registry, including, without limitation, an authorization of the person for the Registry and the Commissioner to obtain:
(1) An independent credit report and credit score from a consumer reporting agency described in section 603(f) of the Fair Credit Reporting Act, 15 U.S.C. § 1681a(f), for the purpose of evaluating the financial responsibility of the person at the time of the submission of the application; and
(2) Additional independent credit reports and credit scores to confirm that the applicant continues to comply with any applicable requirements concerning financial responsibility;
(c) Information related to any administrative, civil or criminal findings made by any governmental jurisdiction concerning the person; and
(d) Any other information concerning the person that the Registry or Commissioner may require.
2. As used in this section:
(a) "Control" has the meaning ascribed to it in NRS 682A.047.
(b) "Responsible person" means a person who is employed by an applicant and who has principal, active managerial authority over the provision of services in this State.
(Added to NRS by 2021, 2037, effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing System and Registry has sufficient capabilities to allow the Commissioner to carry out the provisions of chapter 347, Statutes of Nevada 2021, at page 2030)
Structure Nevada Revised Statutes
Chapter 675 - Installment Loans
NRS 675.030 - Legislative declaration.
NRS 675.035 - Applicability of chapter.
NRS 675.040 - Applicability of chapter; exemptions.
NRS 675.050 - Effect of amendment or repeal of chapter on preexisting lawful contracts.
NRS 675.070 - Application of NRS 675.060 to persons who seek to evade.
NRS 675.100 - Fees for application and investigation; regulations.
NRS 675.110 - Investigation by Commissioner; notice; hearing; order.
NRS 675.120 - Issuance of license subsequent to findings by Commissioner.
NRS 675.130 - Required statements on license.
NRS 675.150 - Procedure for denial of license.
NRS 675.160 - Disposition of money collected pursuant to chapter.
NRS 675.170 - Regulations and orders of Commissioner.
NRS 675.180 - Licensee to maintain minimum assets.
NRS 675.190 - Posting of licenses.
NRS 675.200 - Transferability or assignability of license.
NRS 675.230 - Restriction on location of business of making loans.
NRS 675.240 - Name under which business transactable by licensee; loans by mail.
NRS 675.245 - Use or change of business name; prohibitions.
NRS 675.280 - False, misleading or deceptive advertising prohibited.
NRS 675.285 - Commissioner required to investigate alleged violations of chapter.
NRS 675.296 - Practices regarding customers who are members of military.
NRS 675.300 - Insurance as security for loans: Conditions; limitations.
NRS 675.310 - Collection of loans made outside State.
NRS 675.340 - Assignment of wages as security invalid.
NRS 675.350 - Prohibited practices by licensees.
NRS 675.360 - Duties of licensee.
NRS 675.361 - Terms of written agreement.
NRS 675.363 - Calculation of interest; billing cycle.
NRS 675.365 - Fees and charges.
NRS 675.369 - Written statement to borrower; copy of draft or order for payment.
NRS 675.3693 - Limitation on annual percentage rate.
NRS 675.3695 - Information required to be provided by licensee.
NRS 675.3697 - Prohibited practices by licensee.
NRS 675.370 - License remains effective until expiration, surrender, revocation or suspension.
NRS 675.380 - Authority of Commissioner to investigate business; free access required.
NRS 675.400 - Commissioner to examine licensee’s business annually; fee.
NRS 675.410 - Temporary suspension of license: Conditions; notice; hearing; term of suspension.
NRS 675.420 - Surrender of license by licensee; surrender as affecting licensee’s liability.
NRS 675.440 - Revocation or suspension of license: Grounds; notice; hearing; order.
NRS 675.445 - Revocation or suspension of license: Additional grounds.