NAC356.180. Collateral pools: Administrative fines.

Latest version.

The State Treasurer will impose an administrative fine not to exceed:

1. One hundred dollars per day against a depository that willfully fails to submit a report required pursuant to NAC 356.140 by the deadline established by the State Treasurer for submission of the report.

2. Two hundred fifty dollars per day against a depository that willfully fails to maintain the minimum amount of acceptable securities as collateral that is required in an agreement executed pursuant to NAC 356.120.

(Added to NAC by St. Treasurer by R028-04, eff. 6-30-2004)

                    
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