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Current as of January 01, 2025 | Updated by Findlaw Staff
1. A savings bank may make any loan which:
(a) Is secured by real property;
(b) Is secured by personal property, including, without limitation, stock or other securities;
(c) Results from a credit card issued by the savings bank;
(d) Is unsecured;
(e) Is made to the United States, its agencies or any governmental agency of the State of Nevada; or
(f) Is made at the discretion of the directors of the savings bank if the loan will not impair the insurability of the accounts of the savings bank by the Federal Deposit Insurance Corporation.
2. Additional loans or advances on the same property, without intervening liens, shall be deemed to be first liens for the purpose of this chapter.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 673.324. Permissible loans - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-673-324/
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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