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Code · Nevada · CHAPTER 675 - INSTALLMENT LOANS

NRS 675.095 Application for license: Additional requirements; grounds for refusal to issue license.

300 words·~1 min read·/nv/chapter-675-installment-loans/675-095

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NRS 675.095 Application for license: Additional requirements; grounds for refusal to issue license.
1. In addition to any other requirements set forth in this chapter, each applicant must submit proof satisfactory to the Commissioner that the applicant:
(a)Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business for which the applicant seeks to be licensed in a manner which protects the interests of the general public.
(b)Has not made a false statement of material fact on the application for the license.
(c)Has not committed any of the acts specified in subsection 2.
(d)Has not had a license issued pursuant to this chapter suspended or revoked within the 10 years immediately preceding the date of the application.
(e)Has not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude.
(f)If the applicant is a natural person:
(1)Is at least 21 years of age; and
(2)Is a citizen of the United States or lawfully entitled to remain and work in the United States.
2. In addition to any other lawful reasons, the Commissioner may refuse to issue a license to an applicant if the applicant:
(a)Has committed or participated in any act which, if committed or done by a holder of a license, would be grounds for the suspension or revocation of the license.
(b)Has previously been refused a license pursuant to this chapter or has had such a license suspended or revoked.
(c)Has participated in any act which was a basis for the refusal or revocation of a license pursuant to this chapter.
(d)Has falsified any of the information submitted to the Commissioner in support of the application for the license.
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