NRS 673.820: Violation of chapter or fraudulent misrepresentation of contract or securities by savings bank; administrative fines.
Where this section sits in the code
- TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS
- CHAPTER 673 - SAVINGS BANKS
- UNLAWFUL ACTS; PENALTIES
In addition to any other remedy or penalty:
1. Any savings bank which violates any provisions of this chapter or fraudulently misrepresents the terms of any contract or of any securities, and thereby secures a sale therefor, shall be punished by an administrative fine of not more than $10,000 and forfeiture and revocation of all licenses issued to it under the provisions of this chapter.
2. The Commissioner may impose an administrative fine of not more than $10,000 upon a person who:
(a) Without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter; or
(b) Violates any provision of this chapter or any regulation adopted pursuant thereto.
Collected 2026-09-03T05:51:45Z. Source file · JSON