Nevada § 671.060 Completion of application for license; conduct and cost of investigation of applicant; issuance of license; denial of application; appeal

Nevada Statutes

§ 671.060 — Completion of application for license; conduct and cost of investigation of applicant; issuance of license; denial of application; appeal

Nevada § 671.060

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 671Money

LICENSING

This text of Nevada § 671.060 (Completion of application for license; conduct and cost of investigation of applicant; issuance of license; denial of application; appeal) 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. § 671.060 (2026).

Text

1.When an applicant for a license has submitted the application required pursuant to NRS 671.050 which appears to include all the items and address all of the matters that are required by that section, submitted the information required pursuant to NRS 671.098 and paid all applicable fees and the Commissioner has approved the surety bond or securities of the applicant, the application shall be considered complete.

2.A determination by the Commissioner that an application is complete pursuant to subsection 1 and is accepted for processing means only that the application, on its face, appears to include all of the items and address all of the matters that are required and is not an assessment of the substance of the application or the sufficiency of the information.

3.When an application

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1. When an applicant for a license has submitted the application required pursuant to NRS 671.050 which appears to include all the items and address all of the matters that are required by that section, submitted the information required pursuant to NRS 671.098 and paid all applicable fees and the Commissioner has approved the surety bond or securities of the applicant, the application shall be considered complete.
2. A determination by the Commissioner that an application is complete pursuant to subsection 1 and is accepted for processing means only that the application, on its face, appears to include all of the items and address all of the matters that are required and is not an assessment of the substance of the application or the sufficiency of the information.
3. When an application is filed and considered complete pursuant to this section, the Commissioner shall investigate the financial condition and responsibility, the financial and business experience, and the character and general fitness of the applicant and may investigate any partners, directors, trustees, principal officers, proposed key individuals or persons in control of the applicant.
4. In investigating an applicant pursuant to subsection 3, the Commissioner may conduct an on-site investigation of the applicant, the actual cost of which the applicant must pay.
5. The Commissioner shall issue a license to the applicant to engage in the business of money transmission if the Commissioner finds that:
(a) The applicant has complied with all applicable requirements set forth in this chapter for the issuance of a license; and
(b) The financial condition and responsibility, financial and business experience, competence, character and general fitness of the applicant and the competence, experience, character and general fitness of the key individuals and persons in control of the applicant indicate that it is in the interest of the public to permit the applicant to engage in money transmission.
6. If the Commissioner denies an application for a license, the Commissioner shall issue to the applicant a formal written notice of the denial setting forth the specific reasons for the denial. An applicant whose application for a license is denied may appeal and request a hearing pursuant to NRS 233B.121 to 233B.150 , inclusive.