Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter677 Thrift Companies |
CAPITAL STRUCTURE |
NAC677.270. Limitations on lending.
Latest version.
- No thrift company may have outstanding total amounts of cash advanced as defined in NRS 677.030 plus the net amount owed to the thrift company on any item listed in subsection 1 of NRS 677.790 which in the aggregate exceeds 11 times its unimpaired capital.
[Dep’t of Commerce, Thrift Companies Reg. § 7, eff. 2-7-76; A 1-4-78; 12-14-78]