Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE56 OTHER FINANCIAL INSTITUTIONS |
CHAPTER677. Thrift Companies |
LOANS; POWERS AND PRIVILEGES |
NRS677.790. Powers of licensee.
Latest version.
- Except as provided in NRS 677.770, a licensee may:
1. Make loans secured by, and purchase, sell or discount in any amount:
(a) Bona fide trust receipts;
(b) Secured choses in action;
(c) Chattel mortgages;
(d) Conditional sales contracts;
(e) Security agreements;
(f) Leases;
(g) Lien contracts; and
(h) Deeds of trust.
2. Accept deposits, including deposits payable on demand and time deposits, and issue certificates of deposit.
3. Enter into leases and purchase equipment for those leases.
(Added to NRS by 1975, 1843; A 1979, 1000; 1983, 1608; 1985, 2209; 1987, 1245)