Nevada Revised Statutes Section 673.270 - Financial Institutions

Licensing of salesmen and solicitors; fees.

1. No person may, as a soliciting agent, soliciting representative or employee of any foreign or domestic company, association or corporation, or in any other capacity, sell or solicit sales for any securities such as investment certificates or savings accounts or contract for the sale of securities until he is first licensed as a salesman or solicitor for sales of those securities by the Commissioner.

2. No person may be licensed for a period of more than 1 year, and he may not be licensed until he has first satisfied the Commissioner as to his personal integrity.

3. For the issuing of any license provided for in this section and for any renewal thereof, the fee of the Commissioner is $5. All sums so received by the Commissioner must be deposited in the State Treasury pursuant to the provisions of NRS 658.091.

4. Tellers or other employees of an insured savings and loan association are exempt from the licensing requirements unless their employment entails soliciting sales outside their respective offices as commission salesmen.

Last modified: February 26, 2006