Application for license: Contents; fees.
1. An applicant must file an application for a license to transact trust company business with the Commissioner on forms prescribed by the Commissioner, which must contain or be accompanied by such information as the Commissioner requires.
2. A nonrefundable fee of $1,000 must accompany the application. The applicant must also pay such reasonable additional expenses incurred in the process of investigation as the Commissioner deems necessary. In addition, a fee of not less than $100 nor more than $250, prorated on the basis of the licensing year as provided by the Commissioner, must be paid at the time of making the application.
3. A trust company may maintain offices in this and other states. For every branch location of a trust company organized under the laws of this state, and every branch location in this state of a foreign trust company authorized to do business in this state, a request for approval and licensing must be filed with the Commissioner on such forms as he prescribes. A nonrefundable fee of $250 must accompany each request. In addition, a fee of not more than $100, prorated on the basis of the licensing year as provided by the Commissioner, must be paid at the time of making the request.
4. All money received by the Commissioner pursuant to this section must be placed in the Investigative Account created by NRS 232.545.
Last modified: February 26, 2006