Nevada 2025 Regular Session Status: Enacted

SB 44 — Revises provisions relating to financial services. (BDR 54-258)

Last action — Chapter 45.

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  1. ✓
    Introduced
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    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed Assembly
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced November 18, 2024. Enacted.

Signed by Governor Joe Lombardo (Republican) on May 26, 2025.

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Likely to advance 70% · moderate confidence

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  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

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    Passed 2 recorded votes so far.

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Bill Text

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847 line(s) added, 897 removed.

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(Reprinted with amendments adopted on April 21, 2025) FIRST REPRINT S.B.
Senate Bill No.
44 SENATE BILL NO .
44–Committee on Commerce and Labor CHAPTER..........
44–COMMITTEE ON C OMMERCE AND L ABOR (O NB EHALF OF THE D IVISION OFM ORTGAGE LENDING OF THE D EPARTMENT OF B USINESS AND INDUSTRY ) PREFILED N OVEMBER 18, 2024 ____________ Referred to Committee on Commerce and Labor SUMMARY—Revises provisions relating to financial services.
(BDR 54-258) FISCAL NOTE:
Effect on Local Government:
Increases or Newly Provides for Term of Imprisonment in County or City Jail or Detention Facility.
Effect on the State:
Yes.
~ EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
Existing federal regulations set forth standards for the safeguarding of customer jurisdiction that are engaged in activities that are financial in nature or incidental to such financial activities.
Existing federal regulations set forth standards for the safeguarding of customer information by certain businesses over which the Federal Trade Commission has such financial activities.
Part 314) The standards require such businesses to, among other things:
Part 314) The standards require such businessesl to to, among other things:
§§ 314.2-312.4).
§§ 314.2-312.4) Sections 1, 2, 4, 7, 8, 38-41 and 43-47 of this bill specifically require persons that are providers of certain financial services in this State to comply with the requirements set forth in those federal regulations.
are providers of certain financial services in this State to comply with thersons that requirements set forth in those federal regulations.
(1) maintain the information security program required by existing federal regulations as part of the books and records of - *SB44_R1* – 2 – Commissioner of Mortgage Lending, as applicable, of any notification event in accordance with the regulations adopted by the applicable commissioner.
(1) maintain the information security program person;
The persons to which the requirements apply include private professional guardians and private professional guardian companies, escrow agents and escrow agencies, mortgage companies, mortgage loan originators, mortgage servicers, foreclosure consultants, foreclosure purchasers, loan modification consultants, persons performing covered services for compensation, collection agencies and collection agents, persons operating deferred deposit loan services, high-interest loan services, companies, providers of earned wage access services, trust companies, student loan servicers, private education lenders, money transmitters and their authorized delegates, installment lenders and providers of debt-management services.
and (2) notify the Commissioner of Financial Institutions or Commissioner of Mortgage Lending, as applicable, of any notification event in accordance with the regulations adopted by the applicable commissioner.
The persons to which the requirements apply include private professional guardians and private professional guardian companies, escrow agents and escrow agencies, mortgage companies, mortgage loan originators, mortgage servicers, foreclosure consultants, foreclosure purchasers, loan modification consultants, persons performing covered services for compensation, collection agencies and collection agents, persons operating deferred deposit loan services, high-interest loan services, title loan services and check- access services, trust companies, student loan servicers, private education lenders, money transmitters and their authorized delegates, installment lenders and providers of debt-management services.
(NRS 645F.500-645F.540) Sections 9-31 of this bill set forth certain standards for the financial condition and corporate governance of certain mortgage servicers which are modeled, in general, after the Model State Regulatory Prudential Standards for Nonbank Mortgage Servicers approved by the Conference of State Bank Supervisors.
(NRS 645F.500-645F.540) Sections 9-31 - 83rd Session (2025) – 2 – of this bill set forth certain standards for the financial condition and corporate governance of certain mortgage servicers which are modeled, in general, after the Model State Regulatory Prudential Standards for Nonbank Mortgage Servicers approved by the Conference of State Bank Supervisors.
Section 29 requires a covered institution to obtain an annual external audit.
Section 29 requires a covered institution establish a risk management program meeting certain requirements;
Section 30 requires a covered institution to:
(2) conduct an:
(1) establish a risk management program meeting certain requirements;
(1) annual risk management assessment;
(2) conduct an manage risk performed throughout the year.
and (3) maintain evidence of activities to manage risk performed throughout the year.
Section 31 authorizes thevities to Commissioner, under certain circumstances, to:
Section 31 authorizes the Commissioner, under certain circumstances, to:
Section 36 of this bill authorizes the Commissioner of Mortgage Lending to adopt regulations to carry out the provisions requiring compliance with the standards for the safeguarding of customer information and the standards for the financial condition and corporate governance of certain mortgage servicers.
adopt regulations to carry out the provisions requiring compliance with the to standards for the safeguarding of customer information and the standards for the financial condition and corporate governance of certain mortgage servicers.
Section or applicant for a license as a mortgage servicer to ensure compliance with thoseer provisions;
Section of this bill authorizes the Commissioner to:
(1) investigate a mortgage servicer or applicant for a license as a mortgage servicer to ensure compliance with those provisions;
- *SB44_R1* – 3 – THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
A licensee shall comply with the requirements set forth in 16 C.F.R.
A licensee shall comply with the requirements set forth in C.F.R.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
(a) “Information security program” has the meaning ascribed to it in 16 C.F.R.
- 83rd Session (2025) – 3 – (a) “Information security program” has the meaning ascribed to it in 16 C.F.R.
Sec.
thereto a new section to read as follows:y amended by adding 1.
2.
A licensee shall comply with the requirements set forth in C.F.R.
Chapter 645A of NRS is hereby amended by adding thereto a new section to read as follows:
1.
A licensee shall comply with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
and (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pur3.anAs used in this section:
and (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to NRS 645A.050.
3.
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As used in this section:
In addition to the other duties imposed upon him or her by law, the Commissioner shall:
In addition to the other duties imposed upon him or her by law(a) Adopt such regulations as may be necessary for making this chapter effective.
- *SB44_R1* – 4 – (a) Adopt such regulations as may be necessary for making this chapter effective.
(e) Classify as confidential the financial statements of an escrow agency and those records and information obtained by the Division which:
- 83rd Session (2025) – 4 – (e) Classify as confidential the financial statements of an escrow agency and those records and information obtained by the Division which:
(1) Are obtained from a governmental agency upon the express condition that they remain confidential.
(1) Are obtained from a governmental agency upon the expres(2) Except as otherwise provided in NRS 645A.082, consist of information compiled by the Division in the investigation of possible violations of this chapter.
(2) Except as otherwise provided in NRS 645A.082, consist of information compiled by the Division in the investigation of possible violations of this chapter.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
Part 314, a mortgage company and mortgage loan originator shall:
Part 314, a mortgage company and mortgage loan ori(a) Maintain the information security program required by 16 C.F.R.
(a) Maintain the information security program required by 16 C.F.R.
and - *SB44_R1* – 5 – (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to NRS 645B.060.
and (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to NRS 645B.060.
Subject to the administrative control of the Director of the Department of Business and Industry, the Commissioner shall exercise general supervision and control over mortgage companies and mortgage loan originators doing business in this State.
Subject to the administrative control of the Director of the Department of Business and Industry, the Commissioner shall exercise general supervision and control over - 83rd Session (2025) – 5 – in this State.nies and mortgage loan originators doing business 2.
2.
Such regulations must establish procedures and requirements for notifying the Commissioner of a notification event pursuant to section 4 of this act.
Such regulations must establish procedures and requirements for notifying the Commissioner of a notification event pursuant to sec(c) Conduct such investigations as may be necessary to determine whether any person has violated any provision of this chapter, a regulation adopted pursuant to this chapter or an order of the Commissioner.
(c) Conduct such investigations as may be necessary to determine whether any person has violated any provision of this chapter, a regulation adopted pursuant to this chapter or an order of the Commissioner.
The results of a periodic standard examination may not be opened to - *SB44_R1* – 6 – public inspection pursuant to NRS 645B.090 until after a period of time set by the Commissioner to determine any objections made by the mortgage company.
The results of a periodic standard examination may not be opened to time set by the Commissioner to determine any objections made byof the mortgage company.
(f) Classify as confidential certain records and information obtained by the Division when those matters are obtained from a governmental agency upon the express condition that they remain confidential.
- 83rd Session (2025) – 6 – obtained by the Division when those matters are obtained from a governmental agency upon the express condition that they remain confidential.
Chapter 645F of NRS is hereby amended by adding thereto the provisions set forth as sections 7 to 31, inclusive, of this act.
Chapter 645F of NRS is hereby amended by adding thereto the provisions set forth as sections 7 to 31, inclusive, of this actSec.
Sec.
(a) “Information security program” has the meaning ascribed to it in 16 C.F.R.
to it in 16 C.F.R.
§ 314.2.y program” has the meaning ascribed (b) “Notification event” has the meaning ascribed to it in 16 C.F.R.
- *SB44_R1* – 7 – (b) “Notification event” has the meaning ascribed to it in 16 C.F.R.
§ 314.2.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
(a) Maintain the information security program required by 16 C.F.R.
- 83rd Session (2025) – 7 – (a) Maintain the information security program required by 16 C.F.R.
and (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to NRS 645F.255.
and (b) Notify the Commissioner of any notification event in pursuant to NRS 645F.255.ations adopted by the Commissioner 3.
3.
“Corporate governance” means the structure of a covered institution and how the covered institution is managed, including, without limitation, the corporate rules, policies, processes and practices which are used to oversee and manage the covered institution.
“Corporate governance” means the structure of a covered institution and how the covered institution is managed, including, without limitation, the corporate rules, policies, processes and practices which are used to oversee and manage the covSec.
Sec.
- *SB44_R1* – 8 – Sec.
Sec.
and 2.
and - 83rd Session (2025) – 8 – 2.
“Interim serviced before sale” means the activity of collecting a limited number of contractual mortgage payments immediately after origination on a loan held for sale but before the loan is sold into the secondary market.
“Interim serviced before sale” means the activity of collecting a limited number of contractual mortgage payments immediately after origination on a loan held for sale but before theSec.
Sec.
and 2.
and the sale of the home or refinance by the heirs of the deceasedough borrower.
Is typically repaid upon the death of the borrower through the sale of the home or refinance by the heirs of the deceased borrower.
- *SB44_R1* – 9 – Sec.
Sec.
“Subservicer” means a mortgage servicer performing the routine administration of a residential mortgage loan as a subservicing agent of a master servicer or mortgage servicing rights investor under the terms of a subservicing contract.
“Subservicer” means a mortgage servicer performing the routine administration of a residential mortgage loan as a subservicing agent of a master servicer or mortgage - 83rd Session (2025) – 9 – servicing rights investor under the terms of a subservicing contract.
“Whole loan” means a loan for which a mortgage and the underlying credit risk is owned and held on the balance sheet of the entity with all ownership rights.
“Whole loan” means a loan for which a mortgage and the underlying credit risk is owned and held on the balance sheSec.
Sec.
1.
1.ntityExcept as otherwise provided in this section, NRS 645F.500 and section 31 of this act, the provisions of sections to 31, inclusive, of this act apply to covered institutions.
Except as otherwise provided in this section, NRS 645F.500 and section 31 of this act, the provisions of sections 9 to 31, inclusive, of this act apply to covered institutions.
and (b) Unencumbered investment grade assets held for sale or trade, including, without limitation:
and (b) Unencumbered investment grade assets held for sale or trade,(1) Mortgage-backed securities of an agency.
(1) Mortgage-backed securities of an agency.
- *SB44_R1* – 10 – (a) Contain sustainable, written methodologies for maintaining sufficient operating liquidity;
(a) Contain sustainable, written methodologies for maintaining sufficient operating liquidity;
and (b) Be made available to the Commissioner upon request.
and - 83rd Session (2025) – 10 – (b) Be made available to the Commissioner upon request.
4.
Requirements for Enterprise Single-Family Seller/Servicers” of the Federal Housing Finance Agency for capital, net worth ratio and liquidity, whether or not the covered institution is approved to service loans by a government-sponsored enterprise, shall be deemed to satisfy the requirements of this section.
A covered institution that satisfies the “Eligibility Requirements for Enterprise Single-Family Seller/Servicers” of the Federal Housing Finance Agency for capital, net worth ratio and liquidity, whether or not the covered institution is approved to service loans by a government-sponsored enterprise, shall be deemed to satisfy the requirements of this section.
The board of directors of a covered institution, or other body established pursuant to subsection 2 of section 27 of this act, is responsible for the oversight of the covered institution.
The board of directors of a covered institution, or other body established pursuant to subsection 2 of section 27 of thi2.actThe board of directors of a covered institution, or othertion.
2.
body established pursuant to subsection 2 of section 27 of this act, shall:
The board of directors of a covered institution, or other body established pursuant to subsection 2 of section 27 of this act, shall:
- *SB44_R1* – 11 – (1) Are appropriate for the size, complexity and risk profile of the covered institution;
- 83rd Session (2025) – 11 – (1) Are appropriate for the size, complexity and risk profile of the covered institution;
and (2) Ensure appropriate independence to provide a reliable evaluation of the internal control structure, risk management and governance of the covered institution.
and (2) Ensure appropriate independence to provide a reliable evaluation of the internal control structure, risk management and gov(e) Make available to the Commissioner, upon request:
(e) Make available to the Commissioner, upon request:
and (3) Notes and supplemental schedules prepared in accordance with generally accepted accounting principles.
and (3) Notes and supplemental schedules prepared in acc(b) An expression of opinion by the independent certified public accountant as to whether the financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework.
(b) An expression of opinion by the independent certified public accountant as to whether the financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework.
(f) Verification of adequate fidelity and errors and omissions insurance.
- 83rd Session (2025) – 12 – (f) Verification of adequate fidelity and errors and omissions insurance.
- *SB44_R1* – 12 – (g) Testing of controls related to risk management activities, including, without limitation, compliance and stress testing, as applicable.
(g) Testing of controls related to risk management activities, including, without limitation, compliance and stress testing, as app3.caThe report of the audit must be made available to the Commissioner upon request.
3.
The report of the audit must be made available to the Commissioner upon request.
and (7) Reputation risk.
and (d) Be available to the Commissioner upon request.
(d) Be available to the Commissioner upon request.
and (e) Maintain evidence of activities to manage risk performed throughout the year, including, without limitation, findings of issues and the responses to address those issues, and include that evidence in a formal report prepared for that year pursuant to paragraph (b).
and (e) Maintain evidence of activities to manage risk performed throughout the year, including, without limitation, findings of issues and the responses to address those issues, and include that - 83rd Session (2025) – 13 – evidence in a formal report prepared for that year pursuant to paragraph (b).
- *SB44_R1* – 13 – (a) “Compliance risk” means the risk of regulatory sanctions, fines, penalties or losses resulting from failure to comply with laws, rules, regulations or other supervisory requirements applicable to the covered institution.
(a) “Compliance risk” means the risk of regulatory sanctions, laws, rules, regulations or other supervisory requirementsy with applicable to the covered institution.
If the Commissioner, after a formal review of a covered institution, determines that the risk to the covered institution is extremely high, the Commissioner may order or direct the covered institution to satisfy additional conditions necessary to ensure that the covered institution will continue to operate in a safe and sound manner and be able to continue to service loans in compliance with all federal and state laws and regulations.
If the Commissioner, after a formal review of a covered institution, determines that the risk to the covered institution is extremely high, the Commissioner may order or direct the covered institution to satisfy additional conditions necessary to ensure that the covered institution will continue to service loans in compliance with all federal and state laws and regulations.
Sec.
- 83rd Session (2025) – 14 – Sec.
2.
establishheproceduresns aandted requirementssubsforionotifying the Commissioner of a notification event pursuant to sections 7 and 8 of this act.
The regulations adopted pursuant to subsection 1 must establish procedures and requirements for notifying the Commissioner of a notification event pursuant to sections 7 and 8 of this act.
Sec.
- *SB44_R1* – 14 – Sec.
3.
provisions of a program sponsored by the Federal Government, this the State or a local government, including, without limitation, the Department of Housing and Urban Development, the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association or the Federal Home Loan Bank System;
A person or the authorized agent of a person acting under the provisions of a program sponsored by the Federal Government, this State or a local government, including, without limitation, the Department of Housing and Urban Development, the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association or the Federal Home Loan Bank System;
Any person doing business under the laws of this State or of the United States relating to banks, trust companies, savings and loan associations, savings banks, industrial loan and thrift companies, regulated lenders, credit unions, insurance companies, or a mortgagee which is a United States Department of Housing and Urban Development approved mortgagee and any subsidiary or affiliate of those persons, and any agent or employee of those persons while engaged in the business of those persons;
Any person doing business under the laws of this State or of the United States relating to banks, trust companies, savings and loan associations, savings banks, industrial loan and thrift companies, regulated lenders, credit unions, insurance companies, or a mortgagee which is a United States Department of Housing and - 83rd Session (2025) – 15 – Urban Development approved mortgagee and any subsidiary or affiliate of those persons, and any agent or employee of those persons while engaged in the business of those persons;
A person, other than a person who is licensed pursuant to NRS 645F.390, who is licensed pursuant to chapter 692A or any chapter of title 54 of NRS while acting under the authority of the license;
A person, other than a person who is licensed pursuant to chapter of title 54 of NRS while acting under the authority of the license;
A nonprofit agency or organization that offers credit counseling or advice to a homeowner of a residence in foreclosure or a person in default on a loan and which maintains tax-exempt - *SB44_R1* – 15 – status under section 501(c)(3) of the Internal Revenue Code of 1986, 26 U.S.C.
A nonprofit agency or organization that offers credit counseling or advice to a homeowner of a residence in foreclosure or a person in default on a loan and which maintains tax-exempt status under section 501(c)(3) of the Internal Revenue Code of 1986, U.S.C.
§ 856(a), unless the business conducted by the trust in this State is not subject to supervision by the appropriate regulatory body of a jurisdiction outside of this State.
§ 856(a), unless the business conducted by the trust in this State is not subject to supervision by the appropriate regulatory bod3.of Any trustee of an employee benefit plan, as that term is defined in 29 U.S.C.
3.
Any trustee of an employee benefit plan, as that term is defined in 29 U.S.C.
8.
- 83rd Session (2025) – 16 – affiliates, services not more than 10 residential mortgage loans in this State during a calendar year.
A mortgage servicer that, in the aggregate with any affiliates, services not more than 10 residential mortgage loans in this State during a calendar year.
- *SB44_R1* – 16 – (b) May adopt any other regulations necessary to carry out the provisions of NRS 645F.500 to 645F.540, inclusive [.] , and sections 8 to 31, inclusive, of this act.
(b) May adopt any other regulations necessary to carry out the provisions of NRS 645F.500 to 645F.540, inclusive [.] , and sections 8 to 31, inclusive, of this act.
(b) Prescribe the manner in which an application may be approved or denied.
approved or denied.e manner in which an application may be (c) Prescribe the grounds and procedures for the revocation, suspension, denial or nonrenewal of a license.
(c) Prescribe the grounds and procedures for the revocation, suspension, denial or nonrenewal of a license.
(e) Establish the manner in which the Commissioner may take appropriate disciplinary action, including, without limitation, the imposition of an administrative fine, against any person for a violation of any regulation adopted pursuant to subsection 1 or any provision of NRS 645F.500 to 645F.540, inclusive [.] , and sections 8 to 31, inclusive, of this act.
(e) Establish the manner in which the Commissioner may take appropriate disciplinary action, including, without limitation, the imposition of an administrative fine, against any person for a violation of any regulation adopted pursuant to subsection 1 or any provision of NRS 645F.500 to 645F.540, inclusive [.] , and sections to 31, inclusive, of this act.
Part 1026, commonly known as Regulation Z, as those regulations are amended by the Final Servicing Rules issued by the Consumer Financial Protection Bureau in 78 Federal Register 10696 and 10902 on February 14, 2013, and any amendments thereto.
Part 1026, commonly known Servicing Rules issued by the Consumer Financial Protectionnal Bureau in 78 Federal Register 10696 and 10902 on February 14, 2013, and any amendments thereto.
The Commissioner shall conduct any examination or investigation of a mortgage servicer or applicant for the issuance of a license as a mortgage servicer as may be necessary to ensure compliance with the provisions of NRS 645F.500 to 645F.540, inclusive, and sections 8 to 31, inclusive, of this act and any regulations adopted pursuant thereto.
The Commissioner shall conduct any examination or investigation of a mortgage servicer or applicant for the issuance of a license as a mortgage servicer as may be necessary to ensure compliance with the provisions of NRS 645F.500 to 645F.540, - 83rd Session (2025) – 17 – inclusive, and sections 8 to 31, inclusive, of this act and any regulations adopted pursuant thereto.
If the Commissioner, upon examination or investigation of a mortgage servicer or applicant for the issuance of a license as a mortgage servicer, determines that the mortgage servicer or applicant has violated any applicable provision of NRS 645F.500 to 645F.540, inclusive, and sections 8 to 31, inclusive, of this act or any regulations adopted pursuant thereto, the Commissioner may take such disciplinary action against the mortgage servicer or applicant as may be authorized by regulation of the Commissioner.
If the Commissioner, upon examination or investigation of a mortgage servicer or applicant for the issuance of a license as a applicant has violated any applicable provision of NRS 645F.500 to 645F.540, inclusive, and sections 8 to 31, inclusive, of this act or any regulations adopted pursuant thereto, the Commissioner may take such disciplinary action against the mortgage servicer or applicant as may be authorized by regulation of the Commissioner.
- *SB44_R1* – 17 – Sec.
Sec.
A licensee shall comply with the requirements set forth in 16 C.F.R.
A licensee shall comply with the requirements set forth in C.F.R.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
Sec.
thereto a new section to read as follows:
39.
amended by adding 1.
Chapter 604A of NRS is hereby amended by adding thereto a new section to read as follows:
A licensee shall comply with the requirements set forth in C.F.R.
1.
A licensee shall comply with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
(b) “Notification event” has the meaning ascribed to it in 16 C.F.R.
- 83rd Session (2025) – 18 – (b) “Notification event” has the meaning ascribed to it in 16 C.F.R.
1.
C.F.R.
A licensee shall comply with the requirements set forth in 16 C.F.R.
Part 314.shall comply with the requirements set forth in 2.
Part 314.
In addition to complying with the requirements set forth in C.F.R.
2.
In addition to complying with the requirements set forth in 16 C.F.R.
and - *SB44_R1* – 18 – (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.
and (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.
A licensee shall comply with the requirements set forth in 16 C.F.R.
A licensee shall comply with the requirements set forth in C.F.R.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
and (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.
and(b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.
Is charged with the enforcement of the provisions of chapters 657 to 671, inclusive, of NRS, subject to administrative supervision by the Director of the Department of Business and Industry;
Is charged with the enforcement of the provisions of chapters 657 to 671, inclusive, of NRS, subject to administrative - 83rd Session (2025) – 19 – supervision by the Director of the Department of Business and Industry;
May make and publish regulations for the governing of banks doing business under the provisions of chapters 657 to 671, inclusive, of NRS;
May make and publish regulations for the governing of banks doing business under the provisions of chapters 657 to 671, inc3.sivMay require banks to furnish an audited financial statement prepared by an independent certified public accountant licensed to do business in Nevada.
and 3.
May require banks to furnish an audited financial statement prepared by an independent certified public accountant licensed to do business in Nevada.
- *SB44_R1* – 19 – Sec.
Sec.
A licensee shall comply with the requirements set forth in 16 C.F.R.
A licensee shall comply with the requirements set forth in C.F.R.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
(b) “Notification event” has the meaning ascribed to it in 16 C.F.R.
C.F.R.
§ 314.2.
§ 314.2.ation event” has the meaning ascribed to it in 16 Sec.
Sec.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
(a) “Information security program” has the meaning ascribed to it in 16 C.F.R.
- 83rd Session (2025) – 20 – (a) “Information security program” has the meaning ascribed to it in 16 C.F.R.
Sec.
thereto a new section to read as follows:amended by adding 1.
45.
Chapter 671 of NRS is hereby amended by adding thereto a new section to read as follows:
1.
and - *SB44_R1* – 20 – (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.
and (b) Notify the Commissioner of any notification event in accordance with the regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.
A licensee shall comply with the requirements set forth in 16 C.F.R.
A licensee shall comply with the requirements set forth in C.F.R.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
(a) Maintain the information security program required by 16 C.F.R.
C.F.R.
A provider shall comply with the requirements set forth in 16 C.F.R.
A provider shall comply with the requirements set forth in C.F.R.
2.
- 83rd Session (2025) – 21 – 2.
In addition to complying with the requirements set forth in 16 C.F.R.
In addition to complying with the requirements set forth in C.F.R.
and (b) Notify the Commissioner of any notification event pursuant to regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.
and(b) Notify the Commissioner of any notification event pursuant to regulations adopted by the Commissioner pursuant to subsection 4 of NRS 658.105.
- *SB44_R1* – 21 – regulations and performing any other preparatory administrativey tasks that are necessary to carry out the provisions of this act;
(a) Upon passage and approval for the purpose of adopting any regulations and performing any other preparatory administrative tasks that are necessary to carry out the provisions of this act;
H - *SB44_R1*
~~~~~ 25 - 83rd Session (2025)
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Action History

  1. Chapter 45.

  2. Approved by the Governor.

  3. Enrolled and delivered to Governor.

  4. Read third time. Passed. Title approved. (Yeas: 42, Nays: None.) To Senate. In Senate. To enrollment.

  5. Taken from General File. Placed on General File for next legislative day.

  6. Taken from General File. Placed on General File for next legislative day.

  7. Taken from General File. Placed on General File for next legislative day.

  8. Read second time.

  9. From committee: Do pass.

  10. To Assembly. In Assembly. Read first time. Referred to Committee on Commerce and Labor. To committee.

  11. From printer. To engrossment. Engrossed. First reprint.

  12. Read third time. Passed, as amended. Title approved. (Yeas: 21, Nays: None.) To printer.

  13. From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 299.) Reprinting dispensed with.

  14. Read first time. To committee.

  15. From printer.

  16. Prefiled. Referred to Committee on Commerce and Labor. To printer.

Sponsors

  • Senate Committee on Commerce and Labor · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 66 not signed on

Sponsors (1)

  • Senate Committee on Commerce and Labor

Co-sponsors (0)

None.

Not signed on (66)

66 members have not signed on to this bill.

Show all 66 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Assembly (1st Reprint)

Passed 42 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democratic 27000
Republican 14000
Unaffiliated 1000
Total 42000
% of votes cast 100%0%0%0%
How each member voted (42)
Member Party Vote
O’Neill, PK — Yea
Anderson, Natha C. Democratic Yea
Backus, Shea M. Democratic Yea
Brown-May, Tracy Democratic Yea
Carter, Max E., II Democratic Yea
Considine, Venicia Democratic Yea
D'Silva, Reuben Democratic Yea
Dalia, Joe Democratic Yea
Flanagan, Tanya P. Democratic Yea
González, Cecelia Democratic Yea
Goulding, Heather Democratic Yea
Hunt, Linda F. Democratic Yea
Jackson, Jovan A. Democratic Yea
Jauregui, Sandra Democratic Yea
Karris, Venise Democratic Yea
La Rue Hatch, Selena Democratic Yea
Marzola, Elaine H. Democratic Yea
Miller, Brittney M. Democratic Yea
Monroe-Moreno, Daniele Democratic Yea
Moore, Cinthia Zermeño Democratic Yea
Mosca, Erica Democratic Yea
Nadeem, Hanadi Democratic Yea
Nguyen, Duy Democratic Yea
Orentlicher, David Democratic Yea
Roth, Erica P. Democratic Yea
Torres-Fossett, Selena Democratic Yea
Watts, Howard Democratic Yea
Yeager, Steve Democratic Yea
Cole, Lisa K. Republican Yea
DeLong, Rich Republican Yea
Dickman, Jill Republican Yea
Edgeworth, Rebecca Republican Yea
Gallant, Danielle Republican Yea
Gray, Ken Republican Yea
Gurr, Bert K. Republican Yea
Hafen, Gregory T., II Republican Yea
Hansen, Alexis M. Republican Yea
Hardy, Melissa R.. Republican Yea
Hibbetts, Brian Republican Yea
Kasama, Heidi Republican Yea
Koenig, Gregory S. Republican Yea
Yurek, Toby Republican Yea

Official roll call →

Senate (1st Reprint)

Passed 21 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 8000
Democratic 13000
Total 21000
% of votes cast 100%0%0%0%
How each member voted (21)
Member Party Vote
Cannizzaro, Nicole J. Democratic Yea
Cruz-Crawford, Michelee "Shelly" Democratic Yea
Daly, Skip Democratic Yea
Dondero Loop, Marilyn Democratic Yea
Doñate, Fabian Democratic Yea
Flores, Edgar Democratic Yea
Lange, Roberta Democratic Yea
Neal, Dina Democratic Yea
Nguyen, Rochelle T. Democratic Yea
Ohrenschall, James Democratic Yea
Pazina, Julie Democratic Yea
Scheible, Melanie Democratic Yea
Taylor, Angela D. Democratic Yea
Buck, Carrie Ann Republican Yea
Ellison, John Republican Yea
Hansen, Ira Republican Yea
Krasner, Lisa Republican Yea
Rogich, Lori Republican Yea
Steinbeck, John C. Republican Yea
Stone, Jeff Republican Yea
Titus, Robin L. Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 44?
SB 44 is sponsored by Senate Committee on Commerce and Labor.
What is the current status of SB 44?
This bill has been enacted into law. Introduced November 18, 2024. Enacted.
Where can I track SB 44?
Track SB 44 free on One Click Politics — get push/email alerts when it moves.

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