1. The Commissioner has all of the powers granted to the Commissioner by the laws
of this state to the same extent and in the same manner as if a state branch, agency
or representative office were a Nevada bank.
2. If, after notice and a hearing, the Commissioner finds that any person has violated
any provision of this chapter or of any regulation or order issued under this chapter,
the Commissioner may, in addition to any other remedy or action available to the Commissioner
under the laws of this state, order the violator to pay to the Commissioner a civil
penalty in such a manner and in such an amount as the Commissioner determines by regulation,
consistent with the penalties provided for Nevada banks.
3. To carry out the purposes of this chapter, the Commissioner may:
(a) Enter into cooperative, coordinating or information-sharing agreements with any
other bank supervisory agency or any organization affiliated with or representing
one or more bank supervisory agencies;
(b) With respect to periodic examination or other supervision of a foreign bank that
maintains a state branch, agency or representative office, accept reports of examinations
performed by, and reports submitted to, other bank supervisory agencies in lieu of
conducting examinations, or of receiving reports, as might otherwise be required under
this chapter; and
(c) Enter into joint examinations or joint enforcement actions with any other bank
or supervisory agency having concurrent jurisdiction over any foreign bank, but the
Commissioner may at any time take any such actions independently if the Commissioner
determines that such actions are necessary or appropriate to carry out the Commissioner’s
responsibilities under this chapter and to ensure compliance with the laws of this
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