Nevada Revised Statutes
Chapter 604C - Consumer Litigation Funding

NRS 604C.100 - "Consumer litigation funding transaction" defined. - "Consumer litigation funding transaction" means a nonrecourse transaction in which:...

NRS 604C.110 - "Document preparation fee" defined. - "Document preparation fee" means a one-time fee per legal claim,...

NRS 604C.120 - "Funded amount" defined. - "Funded amount" means the amount of consumer litigation funding provided...

NRS 604C.130 - "Funding date" defined. - "Funding date" means the date on which a company transfers...

NRS 604C.140 - "Immediate family member" defined. - "Immediate family member" means a parent, sibling, child by blood,...

NRS 604C.150 - "Legal claim" defined. - "Legal claim" means a bona fide civil claim or cause...

NRS 604C.160 - "Licensee" defined. - "Licensee" means a person who has been issued one or...

NRS 604C.165 - "Nationwide Multistate Licensing System and Registry" or "Registry" defined. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the N... - "Nationwide Multistate Licensing System and Registry" or "Registry" has the...

NRS 604C.170 - "Resolution date" defined. - "Resolution date" means the date upon which: 1. A consumer,...

NRS 604C.200 - Regulations. - The Commissioner may adopt regulations for the administration and enforcement...

NRS 604C.220 - Assignment of legal claim; applicability. - 1. The contingent right to receive an amount of the...

NRS 604C.240 - Applicability of attorney-client relationship. - Any communication between the attorney of a consumer in a...

NRS 604C.300 - Certain acts related to the operation of a consumer funding company prohibited. [Effective through December 31, 2021.] Certain acts related to the operation of a consumer funding company prohibited. [Effective January 1, 2022.] - 1. A consumer litigation funding company shall not: (a) Pay...

NRS 604C.310 - Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract. - 1. A consumer litigation funding company shall require the amount...

NRS 604C.320 - License required. - 1. A person shall not engage in the business of...

NRS 604C.330 - Licensee must conduct business in accordance with license. - A licensee shall not conduct the business of a consumer...

NRS 604C.340 - Application to persons seeking to evade certain provisions. - The provisions of NRS 604C.320 shall apply to any person...

NRS 604C.350 - Written consumer litigation funding contract required; contents. - 1. A consumer litigation funding contract must: (a) Be written...

NRS 604C.360 - Required disclosures which constitute material terms of consumer litigation funding contract. - A consumer litigation funding contract must contain the disclosures specified...

NRS 604C.370 - Additional required disclosures. - 1. A consumer litigation funding contract must include a written...

NRS 604C.380 - Notice of cancellation of consumer litigation funding contract. - If a consumer cancels a consumer litigation funding contract pursuant...

NRS 604C.390 - Required assets. - Every licensee shall maintain assets of at least $50,000 either...

NRS 604C.400 - Registered agent. - A licensee who has an office or other place of...

NRS 604C.500 - Application for license. - 1. A person who wishes to obtain a license from...

NRS 604C.510 - Additional materials to be submitted with application; grounds for denial of license. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Burea... - 1. In addition to any other requirements set forth in...

NRS 604C.520 - Statement concerning obligation for child support required for issuance or renewal of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, su... - 1. In addition to any other requirements, a natural person...

NRS 604C.530 - Suspension of license; reinstatement of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occ... - 1. If the Commissioner receives a copy of a court...

NRS 604C.540 - Application fees; surety bond; regulations concerning application fees and surety bond. - 1. An application submitted to the Commissioner pursuant to NRS...

NRS 604C.550 - Investigation of applicant; notice; hearing; order; request hearing; regulations. - 1. Upon the filing of the application and the payment...

NRS 604C.560 - Issuance of license. - If the Commissioner finds: 1. That the financial responsibility, experience,...

NRS 604C.565 - Expiration of license; procedure for renewal; cancellation and reinstatement. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the... - 1. A license issued pursuant to the provisions of this...

NRS 604C.570 - Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice. - 1. A licensee who wishes to change the address of...

NRS 604C.580 - License not transferable or assignable. - A license issued pursuant to this chapter is not transferable...

NRS 604C.583 - Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not affect authority of Commissioner regarding licensing. [Effective on the date on which the Commissioner of Financial Inst... - 1. The Commissioner may, in furtherance of his or her...

NRS 604C.586 - Submission and processing of fingerprints. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing Sys... - 1. The Commissioner may require an applicant or licensee to...

NRS 604C.589 - Commissioner to report information to Registry; confidentiality of information provided; Commissioner authorized to enter into certain agreements and arrangements. [Effective on the date on which the Commissioner of Financial Instituti... - 1. Subject to any limitations or restrictions contained in federal...

NRS 604C.592 - Additional materials to be submitted to Registry. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licens... - 1. In addition to any other requirements set forth by...

NRS 604C.595 - Licensee required to register and maintain unique identifier; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry. [Effective on the date on which the Commissioner of Fina... - 1. Each licensee shall register with and maintain a valid...

NRS 604C.600 - Required books and records. - 1. Each licensee shall keep and use in his or...

NRS 604C.610 - Annual examinations by Commissioner; fees for examination. - 1. At least once each year, the Commissioner or his...

NRS 604C.620 - Independent audit and examination: Payment of assessment; cooperation. - Each licensee shall pay the assessment levied pursuant to NRS...

NRS 604C.630 - Fees for audit. - In addition to any other fee provided by this chapter,...

NRS 604C.640 - Annual report by licensee; composite reports. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensi... - 1. On or before January 31 of each year, a...

NRS 604C.800 - Remedies for certain willful violations. - 1. Except as otherwise provided in this section, if a...

NRS 604C.810 - Commissioner to enforce chapter; penalties. - 1. The Commissioner may enforce this chapter and regulations adopted...

NRS 604C.820 - Person may file complaint alleging violation; requirements; duties of Commissioner when complaint is filed. - 1. A consumer, an attorney for a consumer or any...

NRS 604C.830 - Suspension or revocation of license by Commissioner. - 1. The Commissioner may suspend or revoke a license if:...

NRS 604C.840 - Administrative fines. - 1. The Commissioner may impose an administrative fine of not...

NRS 604C.850 - Contract void if deceptive and abusive violation. - 1. If a court of competent jurisdiction determines that a...

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Nevada Revised Statutes Chapter 604C - Consumer Litigation Funding

Nevada Revised Statutes
Chapter 604C - Consumer Litigation Funding