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| Nevada - Financial Institutions Division |
The Financial Institutions Division (FID) is charged with the enforcement of regulations and licensing of thirteen types of financial entities, including depository, lending, collection and money transmission activities. Additionally, certain individuals operating within these licensed entities are themselves required to be licensed or subject to personal background investigations.
Background investigations are conducted on entities and individuals having substantial control of a licensed company's activities. Laws governing each type of license set different percentage controlling factors, which determines the requirements to perform a background investigation.
Various NRS or NAC prohibits using within a company's name, or advertising the words Bank, Banking, Banker (or foreign language equivalent), Trust, Credit Union, or Deposit. Additionally, the Secretary of State, Counties, Cities and Municipalities have been requested not to permit incorporation authorization, issuance of business licenses or fictitious business names, where the name of the company or the type of activities the company will engage in, indicates that it may be subject to FID licensing, without first having the potential activities of the company reviewed by FID.
The goal of this agency is to maintain a stable financial and banking system in the state. Primary responsibilities include:
- Enforcement of regulations and licensing of financial institutions such as depository, lending, collection, and money transmission activities.
- Licensing and background checks of certain individuals working for these companies.
- Performing annual examinations of all licensees.
Use the following link to access current information on the Nevada Financial Institutions Division.
http://fid.state.nv.us/index.htm
Contact and Location Information
Nevada Financial Institutions Division
406 E. 2nd Street, Suite 3
Carson City, Nevada 89701-4758
Phone: (775) 684-1830
Fax: (775) 684-1845
Nevada Financial Institutions Division
2501 E. Sahara Avenue, Suite 300
Las Vegas, Nevada 89104
Phone: (702) 486-4120
Fax: (702) 486-4563
Entities Regulated
The following entities are regulated by the Nevada Financial Institutions Division
- Banks
- Check Cashing/ Deferred Deposit
- Collection Agency
- Collection Manager
- Credit Unions
- Debt Adjusters
- Development Companies
- Installment Loan Companies
- Money Transmitters
- Money Transmitter Agents
- Savings & Loan
- Thrift Companies
- Trust Companies
Identity Theft
When it comes to identity theft, the old adage applies, an ounce of prevention is worth a pound of cure. The following are useful tips and information for consumers to avoid identity theft:
- Be careful about giving out your personal information. Don’t give out any personal information over the phone unless you initiate the call;
- Pay attention to your billing cycles. If you don’t get your bills in the mail, be suspicious;
- Be cautious about where you leave your information. Think of your bills as cash, don’t leave them lying around;
- Guard your mail from theft. Be vigilant about checking your mail promptly after it has been delivered. Don’t let it pile up while you are away;
- Watch what you throw away. What may be garbage to you can be stolen treasure to an identity thief;
- Travel light. Don’t carry more checks or credit cards than you need. That will minimize the damage if your wallet is lost or stolen; and
- Check your credit report on a regular basis. Order a copy of your credit report from the three major credit reporting agencies at least once a year and make sure that the information they have is correct.
- The agencies are:
- Experian 1-800-397-3742
- Equifax 1-800-525-6285
- Trans Union 1-800-680-7289
If a consumer is a victim of Identity theft, he/she should:
- Contact creditors by phone and by certified mail;
- Stop payment on checks and close bank accounts;
- Contact the Department of Motor Vehicles and your local postal inspector;
- File a report with your local police department; and
- Call the FTC’s fraud hotline at 1-877-IDTHEFT.
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