NRS 672.260 Duties of Commissioner; regulations.

167 words·~1 min read·/nv/chapter-672-credit-unions/672-260·

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NRS 672.260 Duties of Commissioner; regulations. The Commissioner shall:

1. Adopt a regulation establishing the minimum surety bond required of credit unions in relation to the amount of property under their control.

2. Adopt a regulation that sets forth the records a credit union must keep and prescribes the period for which those records must be retained.

3. Maintain the original application of every credit union in a permanent file.

4. Maintain for at least 6 years, every report filed by a credit union with the Division of Financial Institutions.

5. Except as otherwise provided in NRS 672.800 and 672.810 , deposit all fees, charges for expenses, assessments and other money which is collected pursuant to the provisions of this chapter or any regulation adopted pursuant thereto in the State Treasury pursuant to the provisions of NRS 658.091 .

6. Prepare copies of articles of incorporation and bylaws consistent with the provisions of this chapter which may be used by persons interested in organizing a credit union.