NRS 660.045 - Definitions.

NV Rev Stat § 660.045 (2019) (N/A)

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As used in NRS 660.045 to 660.105, inclusive, unless the context otherwise requires:

1. “Electronic terminal” means an electronic device, other than a telephone operated by a customer, through which a customer may initiate an electronic transfer of money. The term includes, but is not limited to, mechanical tellers.

2. “Electronic transfer of money” means any transfer of money, other than a transaction initiated by a check, draft or other similar instrument, that is initiated through an electronic terminal, telephone, computer or magnetic tape for the purpose of ordering, instructing or authorizing a financial institution to debit or credit an account.

3. “Financial institution” means a bank, savings and loan association, savings bank, thrift company or credit union regulated pursuant to this title.

4. “Mechanical teller” means an electronic terminal used by a financial institution to effectuate transactions solely between itself and its customers. The term does not include any device used solely to guarantee the payment of a check or to authorize or verify the issuance of a check.

(Added to NRS by 1985, 983; A 1989, 712)

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NRS 660.050 - Authority to operate; terminal is not branch office.