Nevada § 675.230 Restriction on location of business of making loans

Nevada Statutes

§ 675.230 — Restriction on location of business of making loans

Nevada § 675.230

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 675Installment

GENERAL REGULATIONS

This text of Nevada § 675.230 (Restriction on location of business of making loans) 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. § 675.230 (2026).

Text

1. Except as otherwise provided in subsections 2 and 3, a licensee may not conduct the business of making loans under this chapter within any office, suite, room or place of business in which any other business is solicited or engaged in, except an insurance agency or notary public, or in association or conjunction with any other business, unless authority to do so is given by the Commissioner. 2. A licensee may conduct the business of making loans pursuant to this chapter in the same office or place of business as a mortgage company if:

(a)The licensee and the mortgage company:

(1)Operate as separate legal entities;

(2)Maintain separate accounts, books and records;

(3)Are subsidiaries of the same parent corporation; and

(4)Maintain separate licenses; and

(b)The mortgage company is l

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1. Except as otherwise provided in subsections 2 and 3, a licensee may not conduct the business of making loans under this chapter within any office, suite, room or place of business in which any other business is solicited or engaged in, except an insurance agency or notary public, or in association or conjunction with any other business, unless authority to do so is given by the Commissioner.
2. A licensee may conduct the business of making loans pursuant to this chapter in the same office or place of business as a mortgage company if:
(a) The licensee and the mortgage company:
(1) Operate as separate legal entities;
(2) Maintain separate accounts, books and records;
(3) Are subsidiaries of the same parent corporation; and
(4) Maintain separate licenses; and
(b) The mortgage company is licensed by this state pursuant to chapter 645B of NRS and does not receive money to acquire or repay loans or maintain trust accounts as provided by NRS 645B.175 .
3. A licensee who is an Internet business lender may conduct the business of making loans pursuant to this chapter within any office, suite, room or place of business in which any other business is solicited or engaged in.

Legislative History

(Added to NRS by 1959, 230 ; A 1983, 1809 ; 1987, 1990 ; 1991, 884 ; 1999, 3810 ; 2003, 3579 ; 2017, 3104 ; 2019, 3999 ; 2020, 32nd Special Session, 6 )