660.085 - Discontinuance of office for mechanical teller. - Nevada Statutes

660.085  Discontinuance of office for mechanical teller.

      1.  If a financial institution wishes to discontinue the operation of an office for mechanical tellers, it must notify the Commissioner in writing not less than 30 days before the proposed date for discontinuance. The notice must state the reasons for the closing of the office and indicate that the needs and convenience of the community in which the office is located would still be adequately met.

      2.  If the Commissioner determines that the discontinuance would significantly limit financial services which would be available to the residents of the community in which the office is located, the Commissioner shall so notify the institution. The institution must then cause notice of its intention to discontinue the operation of the office to be published in a newspaper serving that community once a week for 4 consecutive weeks. The operation of the office may not be discontinued until approved by the Commissioner, who shall first hold a public hearing thereon if requested by any interested person.

      3.  Any action taken by the Commissioner pursuant to subsection 2 is subject to review in the same manner as provided in NRS 659.055.

      (Added to NRS by 1985, 984; A 1987, 1906)