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Nevada Revised Statutes Title 55. Banks and Related Organizations § 657A.310. Limitations on transactions

Current as of January 01, 2025 | Updated by Findlaw Staff

1. Except as otherwise provided in subsection 2, in addition to complying with any other applicable requirements and limitations, a participant who is testing a financial product or service within the scope of the Program for which a license is otherwise required pursuant to chapter 671 of NRS shall not receive for transmission or transmit during the period of testing:

(a) More than $2,500 in any single transaction for a consumer.

(b) More than $25,000 in any series of transactions for a consumer.

2. If the Director approves a request for relief by a participant pursuant to NRS 657A.320, the participant shall not receive for transmission or transmit during the period of testing:

(a) More than $15,000 in any single transaction for a consumer.

(b) More than $50,000 in any series of transactions for a consumer.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 657A.310. Limitations on transactions - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-657a-310/

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