Nevada § 677.760 Restriction on percentage of loans secured by stocks or bonds of any one obligor; exception

Nevada Statutes

§ 677.760 — Restriction on percentage of loans secured by stocks or bonds of any one obligor; exception

Nevada § 677.760

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 677Thrift

LOANS; POWERS AND PRIVILEGES

This text of Nevada § 677.760 (Restriction on percentage of loans secured by stocks or bonds of any one obligor; exception) 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. § 677.760 (2026).

Text

1. A licensee shall not lend in the aggregate more than 10 percent of its stockholders’ equity upon:

(a)The security of the stock of any one corporation, which stock, except as otherwise provided in subsection 2, may not exceed 10 percent of the outstanding stock of that corporation.

(b)The security of the bonds of any one obligor except:

(1)Bonds of the United States or for the payment of which the credit of the United States is pledged;

(2)Bonds of the State of Nevada, or for the payment of which the credit of the State of Nevada is pledged; and

(3)Bonds which are general obligations of any county, city, metropolitan water district, school district or irrigation district of the State of Nevada. 2. The stock of a corporation upon the security of which a licensee loans money pursuant

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1. A licensee shall not lend in the aggregate more than 10 percent of its stockholders’ equity upon:
(a) The security of the stock of any one corporation, which stock, except as otherwise provided in subsection 2, may not exceed 10 percent of the outstanding stock of that corporation.
(b) The security of the bonds of any one obligor except:
(1) Bonds of the United States or for the payment of which the credit of the United States is pledged;
(2) Bonds of the State of Nevada, or for the payment of which the credit of the State of Nevada is pledged; and
(3) Bonds which are general obligations of any county, city, metropolitan water district, school district or irrigation district of the State of Nevada.
2. The stock of a corporation upon the security of which a licensee loans money pursuant to paragraph (a) of subsection 1 may exceed 10 percent of the outstanding stock of that corporation if:
(a) The licensee has secured collateral, other than deposits with the licensee, which has a market value of not less than 115 percent of the amount loaned; or
(b) The loans are secured by deposits with the licensee and the amount of the money loaned does not exceed 90 percent of the deposits used as collateral.