Before any guaranteed funding is provided, the participating financial institution shall investigate the credit or sources of credit available to the exporter in order to determine the economic benefits to be derived from the guarantee, the prospects of repayment, and such other factors as are necessary to determine that the guaranteed funding is consistent with the purposes of the program.
NRS 349.770
Investigation of credit available to exporter prerequisite for guaranteed funding
Known as the State Securities Law
The act spans §§ 349–349 (273 sections).
(Added to NRS by 1985, 2016)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.