Skip to main content
Find a Lawyer

Nevada Revised Statutes Title 55. Banks and Related Organizations § 677.400. Annual report by licensee; composite reports

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

1. Annually, on or before May 15, unless the Commissioner grants a written extension, each licensee shall file with the Commissioner a report of operations of the licensed business for the preceding calendar year.

2. The report must give information with respect to the financial condition of the licensee, including, without limitation:

(a) Balance sheets at the beginning and end of the year;

(b) A statement of income and expenses for the period;

(c) A reconciliation of the surplus or net worth with the balance sheets;

(d) A schedule of the assets used and useful in the licensed business;

(e) The size of loans and an analysis of charges, including the monthly average number and amount of loans outstanding;

(f) An analysis of delinquent accounts;

(g) Any court actions undertaken to effect collection; and

(h) Any further statistical information reasonably prescribed by the Commissioner.

3. The report must be made under oath and be in the form prescribed by the Commissioner.

4. If any person or affiliated group holds more than one license in this state, that person or group may file a composite annual report, if a short form of report applicable to each licensed office accompanies the report.

5. A licensee may comply with the provisions of this section by filing with the Commissioner a copy of the annual audit report filed by the licensee with the Federal Deposit Insurance Corporation pursuant to 12 U.S.C. § 1831m.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Nevada Revised Statutes Title 55. Banks and Related Organizations § 677.400. Annual report by licensee; composite reports - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-55-banks-and-related-organizations/nv-rev-st-677-400/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard