{"data":{"id":"us-nv/nrs-675.055","jurisdiction":"us-nv","citation":"NRS 675.055","heading":"Exemption from provisions governing making of loans: Application to Commissioner; grounds; powers and duties of Commissioner; regulations; fees set by regulation.","body":"1. A person may apply to the Commissioner for an exemption from the provisions of this chapter governing the making of a loan of money.\n2. The Commissioner may grant the exemption if he or she finds that:\n(a) The making of the loan would not be detrimental to the financial condition of the lender, borrower or person who is providing the money for the loan;\n(b) The lender, borrower or person who is providing the money for the loan has established a record of sound performance, efficient management, financial responsibility and integrity;\n(c) The making of the loan is likely to increase the availability of capital for a sector of the state economy; and\n(d) The making of the loan is not detrimental to the public interest.\n3. The Commissioner:\n(a) May revoke an exemption unless the loan for which the exemption was granted has been made;\n(b) Shall issue a written statement setting forth the reasons for his or her decision to grant, deny or revoke an exemption; and\n(c) Shall adopt regulations which provide the application forms to be used to apply for an exemption and the fees to be paid along with the application.","path":["TITLE 55 — BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL INSTITUTIONS","CHAPTER 675 - INSTALLMENT LOANS","LICENSING"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-675.html#NRS675Sec055","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"379456b37bd7da90fb4dd2d1daa2246b7b21cb81cd22973adb97613e627c4dd4","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-675.050","next":"us-nv/nrs-675.060"},"notice":"GroundRules: Original legal text. Not legal advice."}