Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 671.385 - Authority of Commissioner to participate in multistate supervisory processes; authority to conduct examination or investigation or otherwise take action not waived; fees not waived1. The Commissioner may participate in multistate supervisory processes established between states and coordinated through the Conference of State Bank Supervisors, the Money Transmitter Regulators Association and the affiliates and successors thereof for all licensees that hold licenses in this State and in other states. As a participant in such a process, the Commissioner may: (a) Cooperate, coordinate and share information with other state and federal regulators in accordance with the provisions of this chapter;(b) Enter into written cooperation, coordination or information-sharing contracts or agreements with organizations whose membership consists of state or federal governmental agencies; and(c) Cooperate, coordinate and share information with organizations whose membership is made up of state or federal governmental agencies if any such organization agrees to maintain the confidentiality and security of the shared information pursuant to NRS 671.365.2. The Commissioner may not waive, and nothing in the provisions of this section constitutes a waiver of, the authority of the Commissioner to conduct an examination or investigation or otherwise take action authorized by the provisions of this chapter or the regulations adopted pursuant thereto to enforce compliance with applicable state or federal laws.3. A joint examination or investigation or acceptance of an examination or investigation report does not waive the fee set forth in NRS 671.375.Added to NRS by 2023, 113Added by 2023, Ch. 23,§54, eff. 7/1/2023.