Nevada Administrative Code
Chapter 645G - Qualified Intermediaries for Tax-Deferred Exchanges of Property
Section 645G.050 - Registration: Application; effective date; expiration; notice of denial
Current through September 16, 2024
1. An application for registration submitted pursuant to NRS 645.6065 is not effective until the application is accepted by the Division. Within 10 days after receipt of an application for registration, the Division will accept or deny the application.
2. In addition to the information required by NRS 645.6065, an application for registration must include:
3. If the Division accepts an application for registration, it will issue a certificate of registration to the applicant. The certificate of registration will state the date the registration becomes effective and the date upon which the registration expires. In no case will the registration expire on a date later than the date on which the bond or other deposit posted by the qualified intermediary expires.
4. If the Division denies an application for registration, it will send a notice to the applicant which informs the applicant of the reasons for denial.
5. The Division will not withhold acceptance of an application pending the outcome of an investigation conducted by the Federal Bureau of Investigation pursuant to NRS 645.6065 on the background of the applicant.
Added to NAC by Real Estate Div., eff. 3-30-94-Substituted in revision for NAC 645.780
NRS 645.6065