Nevada Revised Statutes Section 675.120 - Financial Institutions

Issuance of license subsequent to findings by Commissioner. If the Commissioner finds:

1. That the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief that the business will be operated lawfully, honestly, fairly and efficiently, within the purposes of this chapter; and

2. That the applicant, unless he will function solely as a loan broker, has available for the operation of the business at the specified location liquid assets of at least $50,000,

Êhe shall thereupon enter an order granting the application, and file his findings of fact together with the transcript of any hearing held under this chapter, and forthwith issue and deliver a license to the applicant.

Last modified: February 26, 2006