NRS 678.740
Security for loans.

1.

In addition to generally accepted types of security, the endorsement of a note by a guarantor or assignment of shares or wages, in a manner consistent with the laws of this state, shall be deemed security within the meaning of this chapter.

2.

The credit committee or loan officer, subject to the provisions of this chapter and the bylaws, is responsible for determining the adequacy of security for any loans.

Source: Section 678.740 — Security for loans., https://www.leg.state.nv.us/NRS/NRS-678.html#NRS678Sec740.

678.710
Loans to members: Application 678.720
Loans to members: Extension of previous maximum credit 678.730
Loans to and guaranties by directors and members of committees. 678.740
Security for loans. 678.750
Insurance of members and accounts. 678.755
Approval of private insurer and contract of insurance 678.760
Authorized investments. 678.765
Limitation on investment in fixed assets.

Last Updated

Feb. 3, 2020

§ 678.740’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_678.740

Original Source: Section 678.740 — Security for loans., https://www.leg.state.nv.us/NRS/NRS-678.html#NRS678Sec740 (last accessed Feb. 3, 2020).

NRS 678.740 Security for loans.

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NRS 678.740
Security for loans.