Special license: Financial institutions.

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

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 to 7, inclusive, of NRS 645G.100 except as otherwise required by regulations adopted by the Division.

4. A license issued pursuant to this section must be renewed annually on or before July 1 by providing the information required by the Division for that purpose and paying the renewal fee prescribed by NRS 645G.220.

(Added to NRS by 2007, 3113)


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