Nevada Administrative Code
Chapter 624 - Contractors
LICENSES
Section 624.630 - Renewal

Universal Citation: NV Admin Code 624.630

Current through September 16, 2024

1. The Board will mail to each licensee, at his or her address of record, an application for the renewal of his or her license. Except as otherwise provided in subsection 2, the licensee must return the completed application to the Board not later than the last day of the month in which the license expires. If the Board prescribes a shorter or longer period of validity for the licensee pursuant to NRS 624.283, the Board will notify the licensee of that fact.

2. If the Board has requested that a licensee submit a financial statement with the application for renewal, the licensee must return to the Board, not later than the first day of the month in which the license expires, a completed application, the renewal fee and:

(a) For a licensee whose license is issued before June 30, 2010:
(1) If the monetary limit of the license is less than $1,000,000:
(I) A current financial statement prepared by an independent certified public accountant;

(II) A current financial statement submitted on a form prescribed by the Board and accompanied by an affidavit that verifies the accuracy of the financial statement; or

(III) A current financial statement prepared using accounting software in accordance with generally accepted accounting principles and accompanied by an affidavit that verifies the accuracy of the financial statement; or

(2) If the monetary limit of the license is $1,000,000 or more, a financial statement that is prepared and reviewed or audited by a certified public accountant within 1 year before the filing of the application.

(b) For a licensee whose license is issued on or after June 30, 2010, the financial statement required by NAC 624.593.

3. If a licensee fails:

(a) To renew his or her license before it expires, a late fee will be charged as set forth in NAC 624.130.

(b) To attempt renewal within the first 6 months of the new license biennium, the Board will deny, revoke or refuse to renew the license. In either situation, the licensee must apply for a new license.

4. If a licensee has filed a timely application for renewal, accompanied by the required fee, but necessary information is lacking, the Board will conditionally renew the license until the information is received. If the information is not received within a reasonable time, the Board will deny the renewal.

5. If the completed application for renewal contains information which warrants the action, the Board will impose or reduce the limits upon the license, or remove a classification or subclassification from the license.

Added to NAC by Contractors' Bd., eff. 8-26-83; A 10-17-86; 11-12-87; R155-05, 12-29-2005; R094-07, 1-30-2008; R058-09, 6-30-2010; R098-12, 12-20-2012

NRS 624.100, 624.283

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