Nevada Banks and Related Organizations; Other Financial Institutions

Sec. § 671.090
Agents of licensees: When license required; application; fees; regulations; withdrawal of application.


1.

A separate license is not required for an agent of a licensee unless the agent directly sells or delivers the licensee’s checks over the counter to the public and, in the ordinary course of such business, receives or has access to:

(a)

The licensee’s checks which, after payment, are returned through banking channels or otherwise for verification, reconciliation or accounting with respect thereto; or

(b)

Bank statements relating to checks so returned.

2.

Each agent of a licensee who must be licensed pursuant to subsection 1 must:

(a)

Submit an application to the Commissioner which is in writing, signed by the applicant and on a form prescribed by the Commissioner;

(b)

Pay an application fee of not less than $200 and not more than $500; and

(c)

Pay a license fee of not less than $200 and not more than $500.

3.

The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.

4.

The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 6 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if an applicant otherwise withdraws an application, the Commissioner may not issue a license to the applicant unless the applicant submits a new application and pays any required fees.
Source

Last accessed
Feb. 5, 2021