NAC678.220. Failure to respond to complaint; confidentiality of complaint and certain related information.


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  •      1. If a licensed credit union, or an authorized representative of that credit union, fails to respond to the Commissioner within 20 business days after receiving written notice that a complaint has been filed against the credit union, the credit union is deemed to have admitted to the allegations contained in the complaint.

         2. Subject to the discretion of the Commissioner and except as otherwise provided by specific statute, a complaint filed with the Division, any documents filed with the complaint, and any report or information resulting from an investigation of a complaint are confidential.

     (Added to NAC by Comm’r of Financial Institutions by R110-06, eff. 6-28-2006)