Terms Used In Nevada Revised Statutes > Chapter 675 > General Regulations

• Amount of cash advance: means the amount of cash or its equivalent actually received by a borrower or paid out at his or her direction or on his or her behalf. See Nevada Revised Statutes 675.020
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• breach: means the unauthorized acquisition of computerized data from the computerized data system of the licensee that compromises the security, confidentiality or integrity of personal information maintained by the licensee. See Nevada Revised Statutes 675.020
• Commissioner: means the Commissioner of Financial Institutions. See Nevada Revised Statutes 675.020
• Computerized data system: means a system of software, hardware or firmware, including, without limitation, a system of web-based applications, that:

  (a) Is owned, leased or licensed by a licensee;

  (b) Is located at the place of business of the licensee or hosted remotely; and

  (c) Stores or provides access to personal information, financial information or other data related to borrowers or potential borrowers. See Nevada Revised Statutes 675.020

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
• Internet business lender: means a person who makes business loans exclusively through the Internet. See Nevada Revised Statutes 675.020
• License: means a license, issued under the authority of this chapter, to make loans in accordance with the provisions of this chapter, at a single place of business. See Nevada Revised Statutes 675.020
• Licensee: means a person to whom one or more licenses have been issued. See Nevada Revised Statutes 675.020
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• mortgage: includes a deed of trust. See Nevada Revised Statutes 0.037
• Oath: A promise to tell the truth.
• person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
• Personal information: has the meaning ascribed to it in Nevada Revised Statutes 675.020
• Registry: has the meaning ascribed to it in Nevada Revised Statutes 675.020
• Remote location: means a location other than an office or place of business for which a license has been issued pursuant to this chapter and at which an employee of a licensee engages in the business of lending in this State pursuant to Nevada Revised Statutes 675.020