Nevada Administrative Code
Chapter 645G - Qualified Intermediaries for Tax-Deferred Exchanges of Property
Section 645G.080 - Revocation of registration; procedure
Universal Citation: NV Admin Code 645G.080
Current through December 12, 2024
1. After acceptance of a registration, the Division may revoke a registration if:
(a) The Division discovers that a registrant supplied information in his or her application for registration which is false, materially misleading or incomplete;
(b) Any portion of the amount of the bond or deposit that the registrant posted pursuant to NRS 645.608 has been drawn upon, terminated or is otherwise no longer available;
(c) The Division demands an increase in the minimum amount of the bond or other deposit pursuant to NAC 645G.090 during the period of registration and the registrant fails to post the additional amount; or
(d) A registrant fails to inform the Division of a change of address or telephone number as required by NRS 645.6075.
2. To revoke a registration, the Division will notify the registrant of the revocation and provide a 30-day notice of a hearing to be conducted by an administrative hearing officer of the Department of Business and Industry pursuant to the provisions of chapter 233B of NRS.
Added to NAC by Real Estate Div., eff. 3-30-94; A 3-1-96-Substituted in revision for NAC 645.786
NRS 645.6065
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