677.770 - Limitations on amount of secured loans or obligations of any one obligor. - Nevada Statutes

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Statutes > Nevada > Title-56 > Chapter-677 > Loans-powers-and-privileges > 677-770

677.770 Limitations on amount of secured loans or obligations of any one obligor. Secured loans or obligations of any one person as primary obligor made or held by a licensee may not, in any event, exceed in the aggregate 25 percent of the stockholders’ equity of the licensee. Loans secured by deposits with the licensee must not be included in applying this limitation.

(Added to NRS by 1975, 1843; A 1985, 2208; 1987, 1245; 1989, 1101; 1993, 2817; 1997, 1023)

State Codes and Statutes

Statutes > Nevada > Title-56 > Chapter-677 > Loans-powers-and-privileges > 677-770

677.770 Limitations on amount of secured loans or obligations of any one obligor. Secured loans or obligations of any one person as primary obligor made or held by a licensee may not, in any event, exceed in the aggregate 25 percent of the stockholders’ equity of the licensee. Loans secured by deposits with the licensee must not be included in applying this limitation.

(Added to NRS by 1975, 1843; A 1985, 2208; 1987, 1245; 1989, 1101; 1993, 2817; 1997, 1023)

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State Codes and Statutes

Statutes > Nevada > Title-56 > Chapter-677 > Loans-powers-and-privileges > 677-770

677.770 Limitations on amount of secured loans or obligations of any one obligor. Secured loans or obligations of any one person as primary obligor made or held by a licensee may not, in any event, exceed in the aggregate 25 percent of the stockholders’ equity of the licensee. Loans secured by deposits with the licensee must not be included in applying this limitation.

(Added to NRS by 1975, 1843; A 1985, 2208; 1987, 1245; 1989, 1101; 1993, 2817; 1997, 1023)