Section 604A.Sec. 10 - NEWThe service provider shall:
1. Retain the data in the database only as required to ensure that a licensee complies with the requirements of this chapter and chapter 604A of NRS.2. Unless notified by the Commissioner that the data and identifying customer information relating to a transaction of a customer is needed for the purposes of a pending investigation or enforcement action: (a) Archive the data in the database not later than 2 years after the loan is closed. As used in this paragraph, "archive" means to copy data to a long-term storage mechanism separate from the database.(b) Delete the data and any identifying customer information from the database on the date that is 3 years after the date on which the loan is closed.3. If the database becomes unavailable for any reason, notify the Office of the Commissioner not later than the next business day after the database becomes unavailable.Nev. Admin. Code § 604A.Sec. 10
Added to NAC by Comm'r of Financial Institutions by R037-20A, eff. 12/29/2020