Nevada Revised Statutes
Chapter 604C - Consumer Litigation Funding
NRS 604C.840 - Administrative fines.


1. The Commissioner may impose an administrative fine of not more than $50,000 upon a person who, without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter.
2. The Commissioner shall afford to any person fined pursuant to subsection 1 reasonable notice and an opportunity for a hearing pursuant to the provisions of NRS 233B.121.
3. A person fined by the Commissioner pursuant to subsection 1 is entitled to judicial review of the decision of the Commissioner in the manner provided by chapter 233B of NRS.
(Added to NRS by 2019, 2413)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 604C - Consumer Litigation Funding

NRS 604C.010 - Definitions.

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.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...

NRS 604C.170 - "Resolution date" defined.

NRS 604C.200 - Regulations.

NRS 604C.220 - Assignment of legal claim; applicability.

NRS 604C.240 - Applicability of attorney-client relationship.

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.]

NRS 604C.310 - Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract.

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.360 - Required disclosures which constitute material terms of consumer litigation funding contract.

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.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...

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...

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...

NRS 604C.540 - Application fees; surety bond; regulations concerning application fees and surety bond.

NRS 604C.550 - Investigation of applicant; notice; hearing; order; request hearing; regulations.

NRS 604C.560 - Issuance of license.

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...

NRS 604C.570 - Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice.

NRS 604C.580 - License not transferable or assignable.

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...

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...

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...

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...

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...

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.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...

NRS 604C.800 - Remedies for certain willful violations.

NRS 604C.810 - Commissioner to enforce chapter; penalties.

NRS 604C.820 - Person may file complaint alleging violation; requirements; duties of Commissioner when complaint is filed.

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.