If the Commissioner finds:
1. That the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief that the business will be operated lawfully, honestly, fairly and efficiently, within the purposes of this chapter;
2. That the applicant has complied with the provisions of this chapter; and
3. That the applicant has available for the operation of the business liquid assets of at least $50,000,
he or she shall thereupon enter an order granting the application, and file his or her findings of fact together with the transcript of any hearing held under this chapter, and forthwith issue and deliver a license to the applicant.
(Added to NRS by 2019, 2410)
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.