Nevada Revised Statutes
Chapter 645A - Escrow Agencies and Agents
NRS 645A.086 - Duty of Commissioner to take disciplinary action for certain violations.

If a person offers or provides any of the services of an escrow agent or escrow agency or otherwise engages in, carries on or holds himself or herself out as engaging in or carrying on the business of an escrow agent or escrow agency and, at the time:
1. The person was required to have a license pursuant to this chapter and the person did not have such a license; or
2. The person’s license was suspended or revoked pursuant to this chapter,
the Commissioner shall impose upon the person an administrative fine of not more than $25,000 for each violation and, if the person has a license, the Commissioner may suspend or revoke it.
(Added to NRS by 2011, 3595)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 645A - Escrow Agencies and Agents

NRS 645A.010 - Definitions.

NRS 645A.013 - Inapplicability of chapter to participant in Regulatory Experimentation Program for Product Innovation; exceptions.

NRS 645A.015 - Unlawful to engage in business of administering escrows or act in capacity of escrow agent or escrow agency without license; exceptions.

NRS 645A.020 - Application for initial license or renewal: Requirements; issuance or renewal; continuing obligation to notify Division of material change in information in application; restriction.

NRS 645A.021 - Application: Educational prerequisites; regulations.

NRS 645A.025 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Commissioner. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establis...

NRS 645A.032 - Contents of license; escrow agent may associate with and be employed by only one escrow agency at same time.

NRS 645A.034 - Delivery and possession of license of escrow agent; display of licenses.

NRS 645A.036 - Place of business: Maintenance by escrow agency; specification in application; designation on license; effect.

NRS 645A.038 - License not transferable.

NRS 645A.039 - Continuing education: Standards; regulations.

NRS 645A.040 - Expiration; renewal; fees; deposit of money received.

NRS 645A.0405 - Authority of Commissioner to require submission of certain documents, fees and fines through Registry; deposit of fees, assessments and penalties.

NRS 645A.041 - Duty of escrow agency to deposit surety bond with Commissioner; escrow agents must be named as principals on bond; form and amount of bond; exceptions.

NRS 645A.042 - Escrow agency may deposit substitute form of security in lieu of surety bond; amount deposited must equal amount of bond; interest or dividends accrue to depositor.

NRS 645A.043 - Cancellation of bond: Notices required; revocation of license unless equivalent bond or substitute form of security furnished.

NRS 645A.047 - Action on bond: Procedure; limitation of time; duties of Commissioner; preliminary payment by surety; action for interpleader; payment.

NRS 645A.050 - Duties of Commissioner.

NRS 645A.060 - Powers of Commissioner: Subpoenas, oaths and examination of witnesses; penalty.

NRS 645A.065 - Fees for supervision, investigation and examination of persons; standards for supervision of escrow agents; regulations.

NRS 645A.067 - Payment of assessment and cooperation in audits and examinations.

NRS 645A.070 - Records of transactions in escrow: Maintenance; filing.

NRS 645A.080 - Records of Commissioner: General provisions governing public inspection and confidentiality.

NRS 645A.082 - Records of Commissioner: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.

NRS 645A.085 - Change in ownership of voting stock of escrow agency.

NRS 645A.086 - Duty of Commissioner to take disciplinary action for certain violations.

NRS 645A.090 - Grounds for refusal to issue license or for disciplinary action; orders imposing discipline deemed public records.

NRS 645A.095 - Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until 2 years after the date of the repeal of 42 U.S.C. § 666, the federal law requiring each sta...

NRS 645A.097 - Investigation, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license.

NRS 645A.100 - Notice of refusal to issue license or of disciplinary action; hearing; limitation on time to apply for hearing.

NRS 645A.110 - Investigation by Commissioner; powers of Commissioner; injunctive relief; enforcement of subpoenas.

NRS 645A.130 - Procedures following decision on appeal.

NRS 645A.140 - Powers of Commissioner when agency’s affairs in unsafe condition.

NRS 645A.150 - Receivership.

NRS 645A.160 - Requirements.

NRS 645A.170 - Limitations on execution or attachment; commingling prohibited.

NRS 645A.171 - Limitations on disbursements.

NRS 645A.173 - Duty to record certain information concerning real estate brokers and salespersons and mortgage companies.

NRS 645A.175 - Duty to execute documents necessary to release money deposited in escrow; exception for good faith disputes; recovery of damages for failure to execute; award of attorney’s fees.

NRS 645A.177 - Action to recover money deposited in escrow; discharge from further responsibility for holder of escrow; right of holder to bring action for interpleader.

NRS 645A.193 - Attorney General to represent Division.

NRS 645A.195 - Escrow agency that is not natural person to designate natural person as qualified employee.

NRS 645A.1955 - Employment of or association with escrow agent: Duties of escrow agency; prohibited actions.

NRS 645A.196 - Termination of employment of escrow agent: Duties of escrow agency; prohibited actions.

NRS 645A.199 - Proof of licensure required in action for collection of compensation.

NRS 645A.200 - Statutory and common-law rights unaffected.

NRS 645A.201 - Exercise of jurisdiction over party to civil action; service of summons to confer jurisdiction.

NRS 645A.215 - Prohibition on administering escrows in same location as or in conjunction with other businesses; exceptions.

NRS 645A.220 - Transactions by foreign corporations.

NRS 645A.221 - Contracts for escrow transaction voidable for certain violations; administrative fines.

NRS 645A.222 - Civil action authorized for certain violations.

NRS 645A.224 - Employee of Division prohibited from interest in escrow agency.

NRS 645A.225 - Charge for statement of interest payments prohibited.

NRS 645A.230 - Penalties for violations.

NRS 645A.235 - Restitution.