1. The procedure set forth in this section and NRS 645G.540 must be followed before the Division revokes, suspends or denies the renewal of any license issued pursuant to this chapter.
2. Upon the initiation of a complaint by the Division, the matter must be set for a hearing by the Commissioner, who shall schedule a hearing before the Commissioner, and the licensee is entitled to be heard thereon in person or by counsel.
3. The Commissioner shall hold the hearing within 90 days after the filing of a complaint by the Division. The time of the hearing may be continued at the discretion of the Commissioner or upon the written request of the licensee or of the Division for good cause shown.
4. The licensee must be given at least 30 days’ notice in writing by the Division of the date, time and place of the hearing, together with a copy of the complaint and copies of all communications, reports, affidavits or depositions in possession of the Division relevant to the complaint. The Division may present evidence obtained after the notice only if the Division shows that the evidence was not available after diligent investigation before the time notice was given to the licensee and that the evidence was given or communicated to the licensee immediately after it was obtained.
5. Notice is complete upon delivery personally to the licensee or by mailing by certified mail to the last known address of the licensee.
(Added to NRS by 2007, 3110)
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.