1. If the Director has reasonable cause to believe that a participant has engaged in, is engaging in or threatens to engage in any act or omission in violation of any provision of this chapter or any other applicable statute or regulation for which a civil or criminal penalty is prescribed, the Director may:
(a) Request that the Attorney General bring an action in any court of competent jurisdiction to enjoin the violation;
(b) Remove the participant from the Program or order the participant to exit the Program; or
(c) Take any combination of those actions.
2. A removal of or compelled exit of a participant from the Program is final and not subject to administrative or judicial review.
(Added to NRS by 2019, 3992)
Structure Nevada Revised Statutes
Chapter 657A - Regulatory Experimentation Program for Product Innovation
NRS 657A.110 - "Applicable regulator" defined.
NRS 657A.120 - "Consumer" defined.
NRS 657A.130 - "Director" defined.
NRS 657A.140 - "Financial product or service" or "product or service" defined.
NRS 657A.150 - "Innovation" defined.
NRS 657A.160 - "Participant" defined.
NRS 657A.170 - "Program" defined.
NRS 657A.180 - "Test" defined.
NRS 657A.200 - Establishment of Program.
NRS 657A.230 - Participant deemed to hold a license or other authorization.
NRS 657A.300 - Financial product or service provided within Program: Requirements and limitations.
NRS 657A.310 - Limitations on transactions.
NRS 657A.330 - Required disclosures.
NRS 657A.340 - Period of testing.
NRS 657A.400 - Application to participate; requirements for application; fee.
NRS 657A.420 - Approval or denial of application; notice of approval or denial.
NRS 657A.520 - Electronic form of certain information; substitution of certain information.
NRS 657A.530 - Report by Director to Legislature.
NRS 657A.600 - Establishment of toll-free telephone number and Internet website for complaints.