NRS 673.820
Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank

  • administrative fines.
In addition to any other remedy or penalty:

1.

Any savings bank which violates any provisions of this chapter or fraudulently misrepresents the terms of any contract or of any securities, and thereby secures a sale therefor, shall be punished by an administrative fine of not more than $10,000 and forfeiture and revocation of all licenses issued to it under the provisions of this chapter.

2.

The Commissioner may impose an administrative fine of not more than $10,000 upon a person who:

(a)

Without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter; or

(b)

Violates any provision of this chapter or any regulation adopted pursuant thereto.

Source: Section 673.820 — Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank; administrative fines., https://www.­leg.­state.­nv.­us/NRS/NRS-673.­html#NRS673Sec820.

Last Updated

Feb. 5, 2021

§ 673.820’s source at nv​.us