Nevada Administrative Code
Chapter 670B
Section 670B.Sec. 9 - NEW

1. In accordance with subsection 1 of NRS 670B.350 and except as otherwise provided in NAC 658.030, each licensee shall pay to the Division of Financial Institutions an annual assessment of not more than $300 to cover the costs related to the employment of a certified public accountant and the performance by the certified public accountant of independent audits and examinations.

2. The Division of Financial Institutions shall send an invoice to each licensee for the assessment described in subsection 1. The assessment must be paid not later than 30 days after the date on which the invoice is received. Except as otherwise provided in this subsection, any payment received after that date must include a penalty of 10 percent of the assessment plus an additional 1 percent of the assessment for each month, or portion of a month, that the assessment is not paid. The Commissioner may waive the penalty for good cause.

3. In accordance with NRS 670B.690, the failure of a licensee to pay the assessment required in subsection 1, as provided in this section, constitutes grounds for revocation of its license.