Nevada § 673.820 Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank; administrative fines

Nevada Statutes

§ 673.820 — Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank; administrative fines

Nevada § 673.820

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 673Savings

UNLAWFUL ACTS; PENALTIES

This text of Nevada § 673.820 (Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank; administrative fines) 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. § 673.820 (2026).

Text

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.

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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.