NRS 675.2505

Licensee compliance with federal regulations; licensee to maintain information security program and notify Commissioner of notification events

Known as the Nevada Installment Loan and Finance Act

The act spans §§ 675–675 (73 sections).

(Added to NRS by 2025, 250)

1. A licensee shall comply with the requirements set forth in 16 C.F.R. Part 314.

2. In addition to complying with the requirements set forth in 16 C.F.R. Part 314, a licensee shall:

(a) Maintain the information security program required by 16 C.F.R. § 314.3 as part of the books and records of the licensee; and

(b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.

3. As used in this section:

(a) “Information security program” has the meaning ascribed to it in 16 C.F.R. § 314.2.

(b) “Notification event” has the meaning ascribed to it in 16 C.F.R. § 314.2.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.