1. A bond filed by a business entity pursuant to NRS 240A.123 on behalf of the employees of the business entity who are registered as a document preparation service must be in the penal sum of:
(a) If the business entity employs 1 registrant to perform document preparation services, $25,000;
(b) If the business entity employs at least 2 but not more than 25 registrants to perform document preparation services, $50,000;
(c) If the business entity employs at least 26 but not more than 75 registrants to perform document preparation services, $75,000;
(d) If the business entity employs at least 76 but not more than 125 registrants to perform document preparation services, $100,000;
(e) If the business entity employs at least 126 but not more than 200 registrants to perform document preparation services, $150,000; and
(f) If the business entity employs more than 200 registrants to perform document preparation services, $200,000.
2. For purposes of determining the amount of the bond required pursuant to subsection 1, the number of registrants employed by a business entity to perform document preparation services is the greatest number of registrants who will perform document preparation services for the business entity at any time during the year, including, without limitation, on a temporary or seasonal basis.
(Added to NRS by 2019, 843)
Structure Nevada Revised Statutes
Chapter 240A - Document Preparation Services
NRS 240A.015 - "Business entity" defined.
NRS 240A.020 - "Client" defined.
NRS 240A.030 - "Document preparation service" defined.
NRS 240A.040 - "Legal matter" defined.
NRS 240A.050 - "Registrant" defined.
NRS 240A.115 - Disposition of fees.
NRS 240A.125 - Amount of bond for business entity.
NRS 240A.127 - Claim against bond; requirements; interpleader; priority.
NRS 240A.170 - Display of business licenses.
NRS 240A.180 - Written disclosure of information to client; contents.
NRS 240A.200 - Information required on certain documents prepared for client.
NRS 240A.210 - Duties of registrant concerning documents of client.
NRS 240A.230 - Receipt for client’s payment to registrant; required information on receipt.
NRS 240A.240 - Prohibited acts by registrant; exceptions.
NRS 240A.265 - Examination by Secretary of State of required records.
NRS 240A.270 - Denial, suspension, revocation or refusal to renew registration.
NRS 240A.275 - Petition for review of criminal history; fee.
NRS 240A.280 - Civil actions brought by Attorney General or district attorney.
NRS 240A.290 - Criminal penalties; restitution.