Nev. Admin. Code § 678.050 - Reserve for liquidity; demand deposits
1. A credit union shall hold liquid assets in an amount equal to at least 5 percent of its members' accounts.
2. The Commissioner may issue an order requiring a credit union to cease and desist from offering demand deposit accounts if it fails to maintain the reserve for liquidity as required by subsection 1.
3. Every credit union which maintains a demand deposit program shall post a notice in the manner prescribed by subsection 1 of NRS NRS 205.134 concerning issuance of a check or draft without funds or with intent to defraud.
NRS 678.250, 678.680
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.