Can you summarize NVRS 603A?
The provided legal document content pertains to the security and privacy of personal information. It defines key terms such as ‘breach of the security of the system data’, ‘data collector’, ‘personal information’, and ‘data broker’. The document outlines the obligations and requirements for data collectors, operators, and data brokers in handling personal information. It emphasizes the need for reasonable security measures to protect personal information from unauthorized access, acquisition, destruction, use, modification, or disclosure.
Can you summarize NVRS 603A.020?
Breach of the security of the system data
means unauthorized acquisition of computerized data that materially compromises
the security, confidentiality or integrity of personal information maintained
by the data collector. The term does not include the good faith acquisition of
personal information by an employee or agent of the data collector for a
legitimate purpose of the data collector, so long as the personal information
is not used for a purpose unrelated to the data collector or subject to further
unauthorized disclosure.
Can you summarize NVRS 603A.030?
Data
collector means any governmental agency, institution of higher education,
corporation, financial institution or retail operator or any other type of
business entity or association that, for any purpose, whether by automated
collection or otherwise, handles, collects, disseminates or otherwise deals
with nonpublic personal information. (Added to NRS by 2005,
2504)
Can you summarize NVRS 603A.220?
This legal document governs the disclosure of breach of security of system data and outlines the methods of disclosure. It applies to data collectors who own or license computerized data containing personal information, as well as data collectors who maintain computerized data containing personal information that they do not own. The document requires data collectors to disclose any breach of security to residents of Nevada whose unencrypted personal information was acquired by an unauthorized person.
Can you summarize NVRS 645E?
The provided legal document content pertains to Mortgage Bankers in Nevada. The document states that it has been repealed and refers to chapter 486, Statutes of Nevada 2017, at page 3106 for more information. The document does not specify any exemptions or penalties related to Mortgage Bankers. Therefore, it can be concluded that the document primarily governs the activities and regulations applicable to Mortgage Bankers in Nevada.
Can you summarize NVRS 661?
The provided legal document content covers various aspects of organizational requirements, reporting requirements, management and control, eligibility requirements, meetings and examinations, bonding requirements, liability for violation of banking laws, treatment of outstanding overdrafts, and declaration of dividends or distributions of net profits for state banks, banking corporations, banking companies, directors, managers, officers, employees, stockholders, members, depositors, and creditors. The requirements for stockholders’ or members’ equity in state banks include a minimum initial equity amount and the requirement for deposit accounts to be insured by the Federal Deposit Insurance Corporation.
Can you summarize NVRS 662?
This section of the Nevada Revised Statutes governs the general powers of banks and related organizations, as well as other financial institutions. It outlines the powers granted to banks, including the ability to discount and negotiate promissory notes, receive deposits, buy and sell exchange, and loan money. Banks are also authorized to issue letters of credit, receive money for transmission, establish clearinghouse associations, and engage in derivative transactions with the consent and written approval of the Commissioner.
Can you summarize NVRS 662.145?
This legal document, governed by the Nevada Revised Statutes, sets limits on the total outstanding loans that a bank can provide to any person, company, corporation, or firm. The total outstanding loans cannot exceed 25 percent of the stockholders’ or members’ equity of the bank, actually paid in. The document also includes credit exposure arising from derivative transactions, repurchase agreements, securities lending transactions, or securities borrowing transactions in the calculation of total outstanding loans.
Can you summarize NVRS 662.225?
In
order to prevent accumulation of unnecessary amounts of currency in the vaults
of the banks chartered by this state, all checks drawn on such banks shall be
payable, unless specified on the face thereof to the contrary by the maker or
makers of the checks at the option of the drawee bank, in exchange drawn on the
reserve deposits of such drawee bank when any such check is presented by or
through any federal reserve bank, post office or express company, or any
respective agents thereof.
Can you summarize NVRS 663?
The provided legal document content covers three main areas. Firstly, it governs the handling of deposits and safe-deposit boxes of minors in banks and credit unions. It allows banks and credit unions to operate deposit accounts and lease safe-deposit boxes to minors, treating them as adults. However, it does not affect the law governing transactions with minors outside the scope of this section. Secondly, it permits banks and credit unions to collect savings from school children through authorized individuals such as school principals, teachers, or collectors.