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NRS 349.815 - Regulations for operation of program.

NV Rev Stat § 349.815 (2019) (N/A)
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The Director shall, before the issuance of any bonds, adopt regulations for the operation of the program, which must include provisions concerning the following:

1. The maximum aggregate amount of guaranteed funding available to any exporter and the maximum amount of guaranteed funding available for any transaction eligible for guaranteed funding;

2. The limits on the interest which may be charged for guaranteed funding or for loans to exporters;

3. The fees which a participating financial institution may charge for making loans to exporters;

4. The nature and extent of any insurance which an exporter may be required to procure;

5. The collateral required on loans to exporters;

6. The terms of and the procedures for repayment on the guaranteed funding or on a loan;

7. The procedures for:

(a) Making an application for guaranteed funding;

(b) Disbursing the guaranteed funding to a participating financial institution;

(c) Making a claim on the guarantee in the event of a default;

(d) Collecting a loan in the event of a default; and

(e) Qualifying as a participating financial institution; and

8. The specific standards to be used to determine whether a business has a significant relationship with this state pursuant to paragraph (b) of subsection 3 of NRS 349.760.

(Added to NRS by 1985, 2017)

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NRS 349.810 - Advisory Committee on Financing Exports: Powers and duties.
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NRS 349.820 - Limitation on personal liability of Director or person acting on his or her behalf.