Nev. Rev. Stat. § 672.260

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 672.260 - Duties of Commissioner; regulations

The Commissioner shall:

1. Adopt a regulation establishing the minimum surety bond required of credit unions in relation to the amount of property under their control.

2. Adopt a regulation that sets forth the records a credit union must keep and prescribes the period for which those records must be retained.

3. Maintain the original application of every credit union in a permanent file.

4. Maintain for at least 6 years, every report filed by a credit union with the Division of Financial Institutions.

5. Except as otherwise provided in NRS 672.800 and 672.810, deposit all fees, charges for expenses, assessments and other money which is collected pursuant to the provisions of this chapter or any regulation adopted pursuant thereto in the State Treasury pursuant to the provisions of NRS 658.091.

6. Prepare copies of articles of incorporation and bylaws consistent with the provisions of this chapter which may be used by persons interested in organizing a credit union.

NRS 672.260

Added to NRS by 1975, 378; A 1977, 102; 1983, 1328, 1639, 1830, 2015; 1985, 784; 1987, 2013; 1989, 924; 1999, 1452; 2003, 3234