Nevada Revised Statutes
Chapter 604C - Consumer Litigation Funding
NRS 604C.550 - Investigation of applicant; notice; hearing; order; request hearing; regulations.

1. Upon the filing of the application and the payment of the fees, the Commissioner shall investigate the facts concerning the application and the requirements provided for in this chapter.
2. The Commissioner may hold a hearing on the application at a time not less than 30 days after the application was filed or not more than 60 days after that date. The hearing must be held in the Office of the Commissioner or such other place as the Commissioner may designate. Notice in writing of the hearing must be sent to the applicant and to any licensee to which a notice of the application has been given and to such other person as the Commissioner may see fit, at least 10 days before the date set for the hearing.
3. The Commissioner shall make his or her order granting or denying the application within 10 days after the date of the closing of the hearing, unless the period is extended by written agreement between the applicant and the Commissioner.
4. An applicant is entitled to a hearing on the question of the qualifications of the applicant for licensure upon written request to the Commissioner if:
(a) The Commissioner has notified the applicant in writing that the application has been denied; or
(b) The Commissioner has not issued a license within 60 days after the application for a license was filed.
5. A request for a hearing may not be made more than 15 days after the Commissioner has mailed a written notice to the applicant that the application has been denied and stating in substance the findings of the Commissioner supporting the denial of the application.
6. The Commissioner may adopt regulations to carry out the provisions of this section.
(Added to NRS by 2019, 2410)

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