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NRS 677.640

Conduct of business in place where other business being conducted; name under which business may be transacted; loans by mail

Known as the Nevada Thrift Companies Act

The act spans §§ 677–677 (106 sections).

(Added to NRS by 1975, 1832; A 1983, 1828; 1985, 2205, 2206; 1987, 2011)

A licensee shall not make loans or accept deposits under this chapter:

1. 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. Under any name or at any place other than that stated in the license.

Ê This section does not prevent the making of loans by mail or prohibit accommodations to individual borrowers when necessitated by hours of employment, sickness or other emergency situations.

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