NRS 658.098
Assessment for cost of legal services provided to Commissioner and Division of Financial Institutions

  • deposit of money in State Treasury.

1.

On a quarterly or other regular basis, the Commissioner shall collect an assessment pursuant to this section from each:

(a)

Check-cashing service or deferred deposit loan service that is supervised pursuant to chapter 604A of NRS;

(b)

Collection agency that is supervised pursuant to chapter 649 of NRS;

(c)

Bank that is supervised pursuant to chapters 657 to 668, inclusive, of NRS;

(d)

Trust company or family trust company that is supervised pursuant to chapter 669 or 669A of NRS;

(e)

Person engaged in the business of selling or issuing checks or of receiving for transmission or transmitting money or credits that is supervised pursuant to chapter 671 of NRS;

(f)

Savings and loan association or savings bank that is supervised pursuant to chapter 673 of NRS;

(g)

Person engaged in the business of lending that is supervised pursuant to chapter 675 of NRS;

(h)

Thrift company that is supervised pursuant to chapter 677 of NRS; and

(i)

Credit union that is supervised pursuant to chapter 672 of NRS.

(j)

Consumer litigation funding company that is supervised pursuant to chapter 604C of NRS.

2.

The Commissioner shall determine the total amount of all assessments to be collected from the entities identified in subsection 1, but that amount must not exceed the amount necessary to recover the cost of legal services provided by the Attorney General to the Commissioner and to the Division of Financial Institutions. The total amount of all assessments collected must be reduced by any amounts collected by the Commissioner from an entity for the recovery of the costs of legal services provided by the Attorney General in a specific case.

3.

The Commissioner shall collect from each entity identified in subsection 1 an assessment that is based on:

(a)

A portion of the total amount of all assessments as determined pursuant to subsection 2, such that the assessment collected from an entity identified in subsection 1 shall bear the same relation to the total amount of all assessments as the total assets of that entity bear to the total of all assets of all entities identified in subsection 1; or

(b)

Any other reasonable basis adopted by the Commissioner.

4.

The assessment required by this section is in addition to any other assessment, fee or cost required by law to be paid by an entity identified in subsection 1.

5.

Money collected by the Commissioner pursuant to this section must be deposited in the State Treasury pursuant to the provisions of NRS 658.091.

Source: Section 658.098 — Assessment for cost of legal services provided to Commissioner and Division of Financial Institutions; deposit of money in State Treasury., https://www.­leg.­state.­nv.­us/NRS/NRS-658.­html#NRS658Sec098.

658.015
Administration of provisions of certain chapters. 658.021
Commissioner: Qualifications 658.025
Commissioner prohibited from having interest in bank or regulated corporation. 658.035
Oath of Commissioner. 658.045
Office. 658.055
Deputy commissioners 658.065
Oath of deputy commissioners. 658.085
Advisory capacity of State Board of Finance. 658.091
Deposit, use and disposition of money 658.096
Fees charged by Commissioner 658.098
Assessment for cost of legal services provided to Commissioner and Division of Financial Institutions 658.101
Rates charged by Commissioner for supervision and examination 658.105
Powers of Commissioner. 658.115
Summary orders of Commissioner. 658.125
Appeals to State Board of Finance. 658.135
Attestation of licenses, orders and certificates. 658.145
Power of Commissioner to offer rewards. 658.151
Power of Commissioner to take possession of business and property of depository institution 658.155
Penalty: Neglect of duty under certain chapters 658.165
Officers and employees of Division of Financial Institutions prohibited from having interest in certain banks 658.175
State Board of Finance bound by limitations imposed on Commissioner as to certification of new banks and establishment of branch banks. 658.185
Incidental powers of Commissioner. 658.190
Regulations concerning nontraditional mortgage loan products and certain lending practices. 658.195
Right to sue and defend in actions involving banks 658.200
Nontraditional mortgage loan products 658.210
Residential mortgage loan originator acting on behalf of privately insured institution or organization required to be licensed as mortgage loan originator.
Last Updated

Feb. 5, 2021

§ 658.098’s source at nv​.us