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Current as of January 01, 2025 | Updated by Findlaw Staff
Unless a timely request for an extension of the period of testing is made and approved pursuant to NRS 657A.350:
1. The period of testing for a financial product or service ends 2 years after the date of the notice given pursuant to NRS 657A.420.
2. Except as otherwise provided in this subsection, the participant shall, within 60 days after the end of the period of testing, wind down the test and cease offering or providing the product or service. If the product or service entails the performance of any ongoing duty or function, such as the servicing of a loan, the participant shall continue to perform or contract with another person for the continued performance of the duty or function.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 657A.340. Period of testing - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-657a-340/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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