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Can you summarize NVAC 668?
Nevada Administrative Code > Banks: Prohibited Practices and Penalties
Short Summary
The provided legal document content pertains to prohibited practices and penalties related to licensed banks in Nevada. According to the document, if a licensed bank or its authorized representative fails to respond to the Commissioner of Financial Institutions within 20 business days after receiving a written notice of a filed complaint, the licensee is deemed to have admitted to the allegations in the complaint. The document also states that complaints filed with the Division of Financial Institutions, along with any accompanying documents and investigation reports, are considered confidential, subject to the discretion of the Commissioner of Financial Institutions. The document was added to the Nevada Administrative Code by the Commissioner of Financial Institutions in 2006. It does not specify the penalties for non-compliance or violation. Overall, the document aims to regulate the behavior and response of licensed banks and their representatives in Nevada when faced with complaints filed with the Commissioner of Financial Institutions.
Whom does it apply to?
Licensed banks and their authorized representatives in Nevada
What does it govern?
Prohibited practices and penalties related to licensed banks in Nevada
What are exemptions?
No specific exemptions are mentioned in the document
What are the Penalties?
The document does not specify the penalties for non-compliance or violation
Jurisdiction
Nevada