Nev. Admin. Code § 679B.820

Current through December 12, 2024
Section 679B.820 - "Financial institution" defined
1. "Financial institution" means any institution engaged in activities that are financial in nature or incidental to such financial activities as described in 12 U.S.C. § 1843(k) of the Bank Holding Company Act of 1956.
2. The term does not include:
(a) Any person or entity with respect to any financial activity that is subject to the jurisdiction of the Commodity Futures Trading Commission pursuant to the Commodity Exchange Act, 7 U.S.C. §§ 1 et seq.;
(b) The Federal Agricultural Mortgage Corporation or any similar entity operating pursuant to the Farm Credit Act of 1971, 12 U.S.C. §§ 2001 et seq.; or
(c) If an institution does not sell or transfer nonpublic personal financial information to a nonaffiliated third party, an institution chartered by Congress specifically to engage in:
(1) Securitizations;
(2) Secondary market sales, including, without limitation, sales of servicing rights; or
(3) Similar transactions related to a transaction of a consumer.

Nev. Admin. Code § 679B.820

Added to NAC by Comm'r of Insurance by R130-01, eff. 12-17-2002

NRS 679B.130, 686A.025