Statutes, codes, and regulations
Nevada Revised Statutes
Title 55 - BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONSChapter 677 - THRIFT COMPANIES
LOANS; POWERS AND PRIVILEGES
Section 677.770 - Limitations on amount of secured loans or obligations of any one obligor

Nev. Rev. Stat. § 677.770

Download
PDF
Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 677.770 - Limitations on amount of secured loans or obligations of any one obligor

Secured loans or obligations of any one person as primary obligor made or held by a licensee may not, in any event, exceed in the aggregate 25 percent of the stockholders' equity of the licensee. Loans secured by deposits with the licensee must not be included in applying this limitation.

NRS 677.770

Added to NRS by 1975, 1843; A 1985, 2208; 1987, 1245; 1989, 1101; 1993, 2817; 1997, 1023
Added to NRS by 1975, 1843; A 1985, 2208; 1987, 1245; 1989, 1101; 1993, 2817; 1997, 1023