1. A person shall not engage in the business of a consumer litigation funding company in this State without having first obtained a license from the Commissioner pursuant to this chapter.
2. For the purpose of this section, a person is "engaged in the business of a consumer litigation funding company" if the person:
(a) Solicits or engages in consumer litigation funding transactions in this State; or
(b) Is located in this State and solicits or engages in consumer litigation funding transactions outside of this State.
3. Any person and the several members, officers, directors, agents and employees thereof who violate or participate in the violation of this section are guilty of a misdemeanor.
(Added to NRS by 2019, 2406)
Structure Nevada Revised Statutes
Chapter 604C - Consumer Litigation Funding
NRS 604C.020 - "Advertise" defined.
NRS 604C.030 - "Applicant" defined.
NRS 604C.040 - "Charges" defined.
NRS 604C.050 - "Commissioner" defined.
NRS 604C.060 - "Consumer" defined.
NRS 604C.070 - "Consumer litigation funding" defined.
NRS 604C.080 - "Consumer litigation funding company" or "company" defined.
NRS 604C.090 - "Consumer litigation funding contract" defined.
NRS 604C.100 - "Consumer litigation funding transaction" defined.
NRS 604C.110 - "Document preparation fee" defined.
NRS 604C.120 - "Funded amount" defined.
NRS 604C.130 - "Funding date" defined.
NRS 604C.140 - "Immediate family member" defined.
NRS 604C.150 - "Legal claim" defined.
NRS 604C.160 - "Licensee" defined.
NRS 604C.170 - "Resolution date" defined.
NRS 604C.220 - Assignment of legal claim; applicability.
NRS 604C.240 - Applicability of attorney-client relationship.
NRS 604C.320 - License required.
NRS 604C.330 - Licensee must conduct business in accordance with license.
NRS 604C.340 - Application to persons seeking to evade certain provisions.
NRS 604C.350 - Written consumer litigation funding contract required; contents.
NRS 604C.370 - Additional required disclosures.
NRS 604C.380 - Notice of cancellation of consumer litigation funding contract.
NRS 604C.390 - Required assets.
NRS 604C.400 - Registered agent.
NRS 604C.500 - Application for license.
NRS 604C.550 - Investigation of applicant; notice; hearing; order; request hearing; regulations.
NRS 604C.560 - Issuance of license.
NRS 604C.580 - License not transferable or assignable.
NRS 604C.600 - Required books and records.
NRS 604C.610 - Annual examinations by Commissioner; fees for examination.
NRS 604C.620 - Independent audit and examination: Payment of assessment; cooperation.
NRS 604C.630 - Fees for audit.
NRS 604C.800 - Remedies for certain willful violations.
NRS 604C.810 - Commissioner to enforce chapter; penalties.
NRS 604C.830 - Suspension or revocation of license by Commissioner.
NRS 604C.840 - Administrative fines.
NRS 604C.850 - Contract void if deceptive and abusive violation.