1. 1. A person may apply to the Commissioner for an exemption from the provisions of this chapter governing the making of a loan of money, except that an exemption may not be issued for the making of a residential mortgage loan.

2. 2. The Commissioner may grant the exemption if the Commissioner finds that:

   1. (a) The making of the loan would not be detrimental to the financial condition of the lender, the debtor or the person who is providing the money for the loan;
   2. (b) The lender, the debtor or the person who is providing the money for the loan has established a record of sound performance, efficient management, financial responsibility and integrity;
   3. (c) The making of the loan is likely to increase the availability of capital for a sector of the state economy; and
   4. (d) The making of the loan is not detrimental to the public interest.

3. 3. The Commissioner:

   1. (a) May revoke an exemption unless the loan for which the exemption was granted has been made; and
   2. (b) Shall issue a written statement setting forth the reasons for his or her decision to grant, deny or revoke an exemption.

(Added to NRS by 1989, 965; A 1999, 3800; 2009, 2678)