Nevada Revised Statutes
Chapter 645G - Exchange Facilitators
NRS 645G.520 - Limitations on suspension and reissuance of license after revocation.


1. The Division shall not suspend the license of a licensee pursuant to NRS 645G.515 for more than 2 years.
2. After the revocation of any license by the Commissioner as provided in this chapter, no new license may be issued to the same licensee within 2 years after the date of the revocation and then only provided that the licensee satisfies all the requirements for an original license.
(Added to NRS by 2007, 3109)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 645G - Exchange Facilitators

NRS 645G.010 - Definitions.

NRS 645G.020 - "Commissioner" defined.

NRS 645G.030 - "Division" defined.

NRS 645G.040 - "Exchange facilitator" defined.

NRS 645G.050 - "Financial institution" defined.

NRS 645G.060 - "Licensee" defined.

NRS 645G.075 - "Nationwide Multistate Licensing System and 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 Nationwide Mult...

NRS 645G.090 - Inapplicability of chapter to participants in Regulatory Experimentation Program for Product Innovation; exception.

NRS 645G.100 - License required; regulations; application; fingerprints; issuance and renewal of license. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel...

NRS 645G.110 - Payment of child support: Submission of certain information by applicant; grounds for denial of license; duty of Division. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish pr...

NRS 645G.120 - License required for certain members and officers of certain business organizations.

NRS 645G.130 - Duties of licensee: Maintenance of principal place of business or registered agent in state; notice of change of address or telephone number; provision of information required by Division; notice of licensing changes to clients.

NRS 645G.140 - License nontransferable; business of licensee may only be sold or transferred to another licensee.

NRS 645G.150 - Branch offices.

NRS 645G.160 - Display of license.

NRS 645G.170 - Designation of exchange facilitator officer.

NRS 645G.180 - Effect of failure to renew before expiration. [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 645G.200 - Reciprocal license: Person licensed in another jurisdiction. [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 Mul...

NRS 645G.210 - Special license: Financial institutions. [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 Licensing Sy...

NRS 645G.220 - Fees; regulations.

NRS 645G.230 - Audit of licensees; report to Legislature.

NRS 645G.250 - Commissioner authorized to take action to participate; charges for use; regulations; provisions do not replace or affect authority of Commissioner regarding licensing. [Effective on the date on which the Commissioner of Financial Insti...

NRS 645G.260 - 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 645G.270 - Commissioner required to report certain information or material; confidentiality of information or material provided; Commissioner authorized to enter into certain agreements and arrangements. [Effective on the date on which the Commis...

NRS 645G.280 - Additional materials required to be submitted. [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...

NRS 645G.290 - 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 645G.300 - Client’s money and property: Fiduciary duty of licensee.

NRS 645G.310 - Money held for client: Written approval required for withdrawal.

NRS 645G.320 - Fidelity bond or deposit.

NRS 645G.330 - Insurance: Maintenance of policy; other security; proof of coverage; claims; duty of Division.

NRS 645G.340 - Written notice of cancellation or withdrawal of bond, insurance or other security; suspension of license.

NRS 645G.350 - Exchange funds required to be kept separate.

NRS 645G.360 - Exchange funds not subject to execution or attachment; commingling prohibited.

NRS 645G.400 - Deposit of money received by Commissioner.

NRS 645G.410 - Deposit and use of money received by Division from civil penalty.

NRS 645G.500 - Investigation of actions of exchange facilitators and other persons.

NRS 645G.505 - Division required to maintain records of complaints, investigations and denials of applications.

NRS 645G.510 - Confidentiality of certain records of Division; exception.

NRS 645G.515 - Authorized disciplinary action; grounds; orders imposing discipline deemed public records; payment of costs incurred by Division.

NRS 645G.520 - Limitations on suspension and reissuance of license after revocation.

NRS 645G.525 - 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 645G.530 - Investigations, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license.

NRS 645G.535 - Revocation, suspension or denial of renewal of license: Complaint; notice of hearing.

NRS 645G.540 - Revocation, suspension or denial of renewal of license: Answer; limitations on time of commencing proceeding.

NRS 645G.545 - Revocation, suspension or denial of renewal of license: Hearing; transcript.

NRS 645G.550 - Power of Commissioner to administer oaths, certify acts and issue subpoenas; service of process.

NRS 645G.555 - Fees and mileage for witness.

NRS 645G.560 - Enforcement of subpoenas.

NRS 645G.565 - Depositions; taking of evidence in another state; rights of party to hearing to request subpoenas.

NRS 645G.570 - Decision of Commissioner on complaint: Rendition; notice; effective date; stay of decision.

NRS 645G.575 - Decision of Commissioner in disciplinary action final when in favor of licensee; judicial review of decision against licensee.

NRS 645G.900 - Prohibited acts; penalties; injunctive relief.