677.790 - Powers of licensee. - Nevada Statutes

677.790  Powers of licensee.  Except as provided in NRS 677.770, a licensee may:

      1.  Make loans secured by, and purchase, sell or discount in any amount:

      (a) Bona fide trust receipts;

      (b) Secured choses in action;

      (c) Chattel mortgages;

      (d) Conditional sales contracts;

      (e) Security agreements;

      (f) Leases;

      (g) Lien contracts; and

      (h) Deeds of trust.

      2.  Accept deposits, including deposits payable on demand and time deposits, and issue certificates of deposit.

      3.  Enter into leases and purchase equipment for those leases.

      (Added to NRS by 1975, 1843; A 1979, 1000; 1983, 1608; 1985, 2209; 1987, 1245)

      NRS 677.795  Authority to exercise powers of banks.  A licensee may, with the approval of the Commissioner, exercise any authority, right, power and privilege, and perform any act and enjoy the same immunities as banks licensed pursuant to chapter 659 of NRS.

      (Added to NRS by 1987, 1243; A 1987, 2024)