1. If the Division receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is licensed as an exchange facilitator, the Division shall deem the license issued to that person to be suspended at the end of the 30th day after the date on which the court order was issued unless the Division receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person who is licensed as an exchange facilitator stating that the person has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.
2. The Division shall reinstate the license of an exchange facilitator that has been suspended by a district court pursuant to NRS 425.540 if the Division receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.
(Added to NRS by 1997, 2165; A 2005, 2807; 2007, 3118)—(Substituted in revision for NRS 645.6069)
Structure Nevada Revised Statutes
Chapter 645G - Exchange Facilitators
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.120 - License required for certain members and officers of certain business organizations.
NRS 645G.150 - Branch offices.
NRS 645G.160 - Display of license.
NRS 645G.170 - Designation of exchange facilitator officer.
NRS 645G.220 - Fees; regulations.
NRS 645G.230 - Audit of licensees; report to Legislature.
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.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.510 - Confidentiality of certain records of Division; exception.
NRS 645G.520 - Limitations on suspension and reissuance of license after revocation.
NRS 645G.535 - Revocation, suspension or denial of renewal of license: Complaint; notice of hearing.
NRS 645G.545 - Revocation, suspension or denial of renewal of license: Hearing; transcript.
NRS 645G.555 - Fees and mileage for witness.
NRS 645G.560 - Enforcement of subpoenas.
NRS 645G.900 - Prohibited acts; penalties; injunctive relief.