NRS 657A.310 Limitations on transactions.
142 words·~1 min read·
/nv/chapter-657a-regulatory-experimentation-program-for-product-innovation/657a-310·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 657A.310 Limitations on transactions.
1. Except as otherwise provided in subsection 2, in addition to complying with any other applicable requirements and limitations, a participant who is testing a financial product or service within the scope of the Program for which a license is otherwise required pursuant to chapter 671 of NRS shall not receive for transmission or transmit during the period of testing:
(a)More than $2,500 in any single transaction for a consumer.
(b)More than $25,000 in any series of transactions for a consumer.
2. If the Director approves a request for relief by a participant pursuant to NRS 657A.320 , the participant shall not receive for transmission or transmit during the period of testing:
(a)More than $15,000 in any single transaction for a consumer.
(b)More than $50,000 in any series of transactions for a consumer.