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NRS 677.790

Powers of licensee

Known as the Nevada Thrift Companies Act

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

(Added to NRS by 1975, 1843; A 1979, 1000; 1983, 1608; 1985, 2209; 1987, 1245)

Except as provided in NRS 677.770, a licensee may:

1. Make loans secured by, and purchase, sell or discount in any amount:

(a) Bona fide trust receipts;

(b) Secured choses in action;

(c) Chattel mortgages;

(d) Conditional sales contracts;

(e) Security agreements;

(f) Leases;

(g) Lien contracts; and

(h) Deeds of trust.

2. Accept deposits, including deposits payable on demand and time deposits, and issue certificates of deposit.

3. Enter into leases and purchase equipment for those leases.

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