NRS 598.736
Release of security if registrant ceases to operate or registration expires.

1.

If no claims have been filed against the security deposited with the Division pursuant to NRS 598.726 within 6 months after the registrant ceases to operate or his or her registration expires, whichever occurs later, the Commissioner shall release the security to the registrant and shall not audit any claims filed against the security thereafter by consumers.

2.

If one or more claims have been filed against the security within 6 months after the registrant ceases to operate or his or her registration expires, whichever occurs later, the proceeds must not be released to the registrant or distributed to any consumer earlier than 1 year after the registrant ceases to operate or his or her registration expires, whichever occurs later.

3.

For the purposes of this section, the Commissioner shall determine the date on which a registrant ceases to operate.
Credit Service Organizations

Source: Section 598.736 — Release of security if registrant ceases to operate or registration expires., https://www.­leg.­state.­nv.­us/NRS/NRS-598.­html#NRS598Sec736.

Last Updated

Feb. 5, 2021

§ 598.736’s source at nv​.us