GENERAL PROVISIONS

NRS 673.001. Definitions.

NRS 673.002. “Association” defined.

NRS 673.005. “Combination home and business structure” defined.

NRS 673.0054. “Commissioner” defined.

NRS 673.0056. “Cooperative housing corporation” defined.

NRS 673.0057. “Deposit” defined.

NRS 673.0065. “Director” defined.

NRS 673.007. “Dividend” defined.

NRS 673.008. “Foreign” defined.

NRS 673.009. “Gross income” defined.

NRS 673.011. “Home” defined.

NRS 673.012. “Home loan” defined.

NRS 673.013. “Home property” defined.

NRS 673.014. “Impaired condition” defined.

NRS 673.015. “Improved real estate” defined.

NRS 673.016. “Insured association” defined.

NRS 673.0165. “Interest” defined.

NRS 673.017. “Investment certificate” defined.

NRS 673.0185. “Merger” defined.

NRS 673.019. “Net earnings” defined.

NRS 673.021. “Net earnings available for dividends” defined.

NRS 673.022. “Operating expenses” defined.

NRS 673.023. “Operating income” defined.

NRS 673.024. “Other real estate loan” defined.

NRS 673.025. “Real estate expenses” defined.

NRS 673.026. “Real estate income” defined.

NRS 673.027. “Real estate loan” defined.

NRS 673.031. “Savings account” defined.

NRS 673.032. “Savings liability” defined.

NRS 673.0321. “Service office” defined.

NRS 673.034. “Withdrawal value” defined.

ADMINISTRATION AND ENFORCEMENT

NRS 673.035. Administration of chapter.

NRS 673.03531. Certain relationships between employees of Division of Financial Institutions and association prohibited; termination of prohibited relationship.

NRS 673.039. Records of Commissioner.

NRS 673.040. Commissioner to supervise and make policy.

NRS 673.042. Biennial report of Commissioner: Contents; distribution.

NRS 673.043. Regulations.

NRS 673.0435. Commissioner may secure injunctions and restraining orders.

NRS 673.044. Notices.

NRS 673.045. Amendment or alteration of license by Commissioner; appeal.

NRS 673.046. Application for license: Additional requirements; fingerprints; grounds for refusal to issue license.

NRS 673.048. Suspension or revocation of license: Additional grounds.

NRS 673.050. Proceedings in court to test validity of action by Commissioner or Director.

NRS 673.060. Deposit of money in State Treasury; payment of expenses; exceptions.

FORMATION AND ORGANIZATION; BRANCH AND SERVICE OFFICES

NRS 673.070. Incorporation of domestic associations: Procedure; applicability of chapter 78 of NRS; limitations on advertising for savings and loans.

NRS 673.080. Articles to be approved by Commissioner; application; permission to organize; fees; conditions; regulations; withdrawal of application.

NRS 673.090. Provisions of chapter abridge and enlarge powers and privileges of foreign and domestic associations.

NRS 673.110. Procedure for removing “and loan” from name of domestic association.

NRS 673.112. Branch offices: Definition; establishment and regulation; revocation of approval by Commissioner; advertisement; fees; regulations.

NRS 673.113. Surety bond of association.

NRS 673.114. Service offices: Approval of Commissioner required; revocation of approval.

NRS 673.115. Restrictions on advertising.

NRS 673.117. Use or change of business name; prohibitions.

OFFICERS, DIRECTORS, EMPLOYEES AND CAPITAL STOCKHOLDERS

NRS 673.207. Directors: Number; filling of vacancies; amendment of bylaws.

NRS 673.208. Persons requiring Commissioner’s approval to serve as director.

NRS 673.209. Removal of director, officer or employee on objection of Commissioner.

NRS 673.211. Removal of director for cause.

NRS 673.212. Fiduciary relationship of directors and officers to association.

NRS 673.213. Directors: Compensation and expenses.

NRS 673.214. Officers: Election; salaries.

NRS 673.215. Directors: Meetings; quorum.

NRS 673.216. Official communication from Commissioner: Read at next board meeting and made part of minutes.

NRS 673.217. Statement of purchases and sales of real estate and loans made or purchased to be considered at regular meeting and made part of minutes.

NRS 673.2176. Notification of change in ownership of stock; application required after certain acquisitions; investigation; costs; waiver.

NRS 673.218. Pensions and retirement plans for officers and employees.

NRS 673.219. Directors: Approval of depositary for money of association.

NRS 673.221. Unlawful acts; penalty.

NRS 673.2211. Liability of directors, officers or other persons.

NRS 673.222. Actions against officers, directors or employees: Payment of expenses of defending action by association; settlements.

POWERS AND PRIVILEGES OF STATE ASSOCIATIONS

NRS 673.225. Certain state associations possess same powers and privileges as federally chartered associations.

NRS 673.227. Land and office buildings of association; limitation on costs.

NRS 673.228. Trustee and custodial powers of association.

STOCKS AND CERTIFICATES

NRS 673.250. Licenses for issuance or sale of stock; contents and conditions of licenses.

NRS 673.260. Annual license: Fees; renewal; penalty; regulations.

NRS 673.270. Licensing of salespersons and solicitors; fees; regulations; withdrawal of applications.

NRS 673.273. Stock, surplus, undivided profits and reserves to include percentage of value of outstanding investment certificates; dividends on permanent stock; stock dividends.

NRS 673.274. Acts prohibited when stock, surplus, undivided profits and reserves below amount specified.

NRS 673.275. Impairment of stock; levy of assessment to repair deficiency; reduction of stock.

NRS 673.2755. Investment certificates: Rights and liabilities of holders; types of certificates; limitation on approval.

RESERVE FOR LOSSES

NRS 673.2758. Requirements.

INVESTMENTS AND BORROWING

NRS 673.276. Permissible investments.

NRS 673.2765. Investments in related service corporations.

NRS 673.2766. Investments in real property for subdivision or residential development.

NRS 673.278. Purchases of loans.

NRS 673.279. Purchases of real property contracts; conditions.

NRS 673.280. Certain federal obligations are legal investments.

NRS 673.281. Restrictions on transfer or encumbrance of note and other obligations held by association.

NRS 673.300. Association may become member and stockholder of Federal Home Loan Bank, borrow money and invest in bonds.

NRS 673.301. Association may issue capital notes; voting rights of holders.

NRS 673.302. Limitation on borrowing.

NRS 673.310. Loans and advances of credit insured by Federal Housing Administrator or Department of Veterans Affairs.

NRS 673.315. Investment in Federal National Mortgage Association.

NRS 673.316. Loans and investments not limited.

APPRAISALS

NRS 673.317. Approval of appraiser by Commissioner required; limitations; revocation; notice of termination of services.

NRS 673.3171. Appraisal of real estate required before granting loan; requirements.

NRS 673.318. Appraisal of real estate at time of acquisition.

NRS 673.319. Specific loss reserve; determination of values by Commissioner.

NRS 673.3191. Reserve for uncollected interest.

INSURANCE OF ACCOUNTS

NRS 673.320. Associations empowered to insure accounts.

LOANS

NRS 673.324. Permissible loans.

NRS 673.3244. Loans to corporations or partnerships.

NRS 673.3255. Loans to finance interest in cooperative housing corporation; first security interests.

NRS 673.3271. Loans to one borrower.

NRS 673.3272. Payment of charges by association for protection of its investments; required advance monthly payments.

NRS 673.330. Limitation on charge for prepayment of loan.

NRS 673.331. Loans prohibited on security of association’s own stock.

NRS 673.332. Property acquired by foreclosure or developed by association; real-estate-owned accounts; subsidiary ledger records.

INTEREST AND DIVIDENDS

NRS 673.333. Apportionment of earnings and payment of interest; determination of percentage rate of declaration; classes of savings accounts; notice of change in method of calculating interest.

NRS 673.336. Restrictions on declaration of dividends.

INVESTORS

NRS 673.340. Minors and married persons; payment as valid discharge of association.

NRS 673.360. Administrators, executors, guardians and trustees; payment as valid discharge of association.

SAFE-DEPOSIT BOXES

NRS 673.373. Notice of overdue rental; opening of box; retention of contents in general vaults; delivery of contents to State Treasurer.

WITHDRAWALS

NRS 673.377. Minimum required available cash, deposits and securities; making and purchasing loans prohibited when minimum not met.

NRS 673.380. Procedure when requests for withdrawals exceed amount available.

NRS 673.390. Order of payment of withdrawals.

NRS 673.420. Notice to Commissioner of inability to pay request for withdrawal on file more than 60 days.

REPORTS, EXAMINATIONS AND AUDITS

NRS 673.430. Annual reports: Filing; form and contents; fees; penalty; regulations.

NRS 673.440. Commissioner may require further information.

NRS 673.450. Hearings, investigations and examinations by Commissioner; powers of Commissioner; biennial examination required.

NRS 673.451. Authorization of Commissioner to investigate business; free access required; compelling attendance of witnesses.

NRS 673.453. Enforcement of subpoena by district court.

NRS 673.455. Examination of holding companies.

NRS 673.460. Examinations outside State; fees and traveling expenses; regulations.

NRS 673.470. Other examinations acceptable in lieu of examination by Commissioner.

NRS 673.480. Authority of Commissioner to make information available to other officers and agencies.

NRS 673.483. Audit of books and accounts.

NRS 673.4835. Independent audit and examination: Payment of assessment; cooperation.

SUSPENSION AND REVOCATION OF CHARTERS

NRS 673.484. Grounds; notice and hearing.

REORGANIZATION; MERGER; CONSOLIDATION

NRS 673.4845. Procedure; approval by association and Commissioner; fee; regulations.

CONSERVATORSHIP; LIQUIDATION; RECEIVERSHIP

NRS 673.485. Authority of Commissioner to order discontinuance of unlawful or unsafe practices; special meetings of directors concerning noncompliance.

NRS 673.495. Conservator: Appointment by Commissioner; district court confirmation.

NRS 673.497. Powers of conservator; limitations; expenses; compensation.

NRS 673.499. Receiver: Appointment by Commissioner; court confirmation; powers and authority; compensation.

NRS 673.515. Appeal from judgment enjoining Commissioner or dismissing action to enjoin; bond.

NRS 673.525. Penalty for failure to comply with Commissioner’s demand for possession of property, business and assets.

NRS 673.535. Enforcement by sheriff of demand for possession of property, business and assets; written demand for assistance; duty to enforce.

NRS 673.545. Delivery of schedule of property, assets and collateral to Commissioner; examination of directors, officers or employees by Commissioner.

NRS 673.555. Authority of Commissioner to issue subpoenas and require attendance of parties.

NRS 673.565. Appointment of custodian; bond.

NRS 673.575. Collection of money; preservation of assets.

NRS 673.576. Powers of Commissioner when in possession of business, property and assets.

NRS 673.577. Claims for damages from disaffirmance of executory contract or lease.

NRS 673.580. Procedure upon taking possession of insured association: Federal Deposit Insurance Corporation as liquidator or coliquidator.

NRS 673.590. Delivery of remaining assets to stockholders.

FOREIGN ASSOCIATIONS

NRS 673.595. Activities for which license not required; solicitation or acceptance of deposits prohibited; exception; fee.

NRS 673.597. Conflict of laws; report to Commissioner of forbidden course or act.

CONVERSION INTO FEDERAL ASSOCIATION

NRS 673.600. Conversion authorized.

NRS 673.610. Notice of stockholders’ meeting: Service and proof of service.

NRS 673.620. Majority approval of resolution at stockholders’ meeting required; filing of minutes with Commissioner.

NRS 673.630. Filing of charter or certificate with Commissioner; fee; taxation; regulations.

NRS 673.640. When state supervision ceases; when property and assets vest in association under new name and style; enjoyment of property by converted association.

CONVERSION OF FEDERAL ASSOCIATION

NRS 673.650. Conversion authorized; votes necessary.

NRS 673.660. Time for election of directors after conversion; time directors to hold office.

NRS 673.670. Filing of verified minutes of stockholders’ meeting.

NRS 673.680. Verified copy of minutes as presumptive evidence of holding meeting and action taken.

NRS 673.690. Federal association and directors to take necessary action to incorporate as state association; no minimum amount of capital required.

NRS 673.700. Inclusion of statement of conversion in articles permissible.

NRS 673.710. Time for filing articles of incorporation with Federal Home Loan Bank; number of copies; certification by Secretary of State.

NRS 673.720. Time of association’s cessation as federal association; time of vesting of property in association under new name and style.

NRS 673.730. Enjoyment of property by converted association; association as continuation of previous federal association.

NRS 673.740. Acts permitted executors, administrators and fiduciaries without obtaining court approval.

POWERS AND PRIVILEGES OF FEDERAL SAVINGS AND LOAN ASSOCIATIONS

NRS 673.750. Powers and privileges same as domestic association; conditions.

EXPLOITATION OF OLDER PERSONS OR VULNERABLE PERSONS

NRS 673.773. Definitions.

NRS 673.777. “Designated reporter” defined.

NRS 673.783. “Exploitation” defined.

NRS 673.787. “Older person” defined.

NRS 673.793. “Reasonable cause to believe” defined.

NRS 673.797. “Vulnerable person” defined.

NRS 673.803. Training; reporting to designated reporter.

NRS 673.807. Designated reporter: Designation; duty to report; immunity.

UNLAWFUL ACTS; PENALTIES

NRS 673.810. Making false statement concerning financial condition of savings and loan association.

NRS 673.820. Violation of chapter or fraudulent misrepresentation of contract or securities by association; administrative fines.

NRS 673.830. Violation of chapter or sale of securities through fraudulent misrepresentation.

NRS 673.840. Sale or offer to sell securities without license or for failure to secure license or pay fee or penalty.

NRS 673.850. Effect of revocation of license.