Nevada § 666A.270 State representative office: Authorized activities; approval of additional activities

Nevada Statutes

§ 666A.270 — State representative office: Authorized activities; approval of additional activities

Nevada § 666A.270

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 666AForeign

OPERATION

This text of Nevada § 666A.270 (State representative office: Authorized activities; approval of additional activities) 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. § 666A.270 (2026).

Text

1. A foreign bank which is licensed to establish and maintain a state representative office may, subject to such regulations as the Commissioner may prescribe:

(a)Solicit loans and in connection therewith assemble information concerning credit, inspect and appraise property, secure information on titles, prepare applications for loans and make recommendations with respect to action thereon, solicit investors to purchase loans from the foreign bank and search for investors to contract with the foreign bank for servicing of loans;

(b)Solicit new business;

(c)Conduct research; and

(d)Perform administrative functions. Ê Any other activity, except as provided in subsection 2, which the foreign bank seeks to conduct at the office is subject to the prior written approval of the Commissioner.

Free access — add to your briefcase to read the full text and ask questions with AI

1. A foreign bank which is licensed to establish and maintain a state representative office may, subject to such regulations as the Commissioner may prescribe:
(a) Solicit loans and in connection therewith assemble information concerning credit, inspect and appraise property, secure information on titles, prepare applications for loans and make recommendations with respect to action thereon, solicit investors to purchase loans from the foreign bank and search for investors to contract with the foreign bank for servicing of loans;
(b) Solicit new business;
(c) Conduct research; and
(d) Perform administrative functions.
Ê Any other activity, except as provided in subsection 2, which the foreign bank seeks to conduct at the office is subject to the prior written approval of the Commissioner.
2. A state representative office may approve credit if the foreign bank:
(a) Gives 45 days’ prior written notice to the Commissioner; and
(b) The Commissioner does not object within the 45-day period to that activity by the state representative office.