1.  A financial institution may obtain a special license pursuant to this section.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

2.  The Division shall issue a special license to a financial institution if the financial institution:

(a) Maintains an office in this State;

(b) Pays the fee required pursuant to NRS 645G.220 for the issuance of a license; and

(c) Complies with any other requirements set forth by regulations adopted by the Division.

3.  A financial institution which obtains a special license pursuant to this section is exempt from the requirements of subsections 2, 3 and 4 of NRS 645G.100 except as otherwise required by regulations adopted by the Division.

4.  A license issued pursuant to this section expires on December 31 of each year unless it is renewed. To renew such a license, the licensee must submit to the Commissioner on or after November 1 and on or before December 31 of each year:

(a) An application for renewal which contains the information required by the Division for that purpose; and

(b) The renewal fee prescribed by NRS 645G.220.