Nevada § 666.415 Waiver of federal limits on concentration of deposits

Nevada Statutes

§ 666.415 — Waiver of federal limits on concentration of deposits

Nevada § 666.415

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 666Major

INTERSTATE BANKING

This text of Nevada § 666.415 (Waiver of federal limits on concentration of deposits) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 666.415 (2026).

Text

To the extent authorized by federal law, the Commissioner may waive any applicable federal limit on concentration of deposits if the Commissioner finds that the waiver promotes the availability of financial services or is otherwise in the public interest. The Commissioner may, by regulation, establish standards for granting a waiver pursuant to this section and the procedure for requesting a waiver. In making a decision to waive such a federally imposed limit, the Commissioner shall apply a standard that does not discriminate in purpose or effect against out-of-state depository institutions.

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To the extent authorized by federal law, the Commissioner may waive any applicable federal limit on concentration of deposits if the Commissioner finds that the waiver promotes the availability of financial services or is otherwise in the public interest. The Commissioner may, by regulation, establish standards for granting a waiver pursuant to this section and the procedure for requesting a waiver. In making a decision to waive such a federally imposed limit, the Commissioner shall apply a standard that does not discriminate in purpose or effect against out-of-state depository institutions.