Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter598 Miscellaneous Trade Regulations and Deceptive Trade Practices |
DECEPTIVE TRADE PRACTICES |
General Provisions |
NAC598.110. Informal resolution of complaint through memorandum of understanding.
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1. The Commissioner and a person alleged to have committed a deceptive trade practice may informally resolve any complaints involving the deceptive trade practice by entering into a memorandum of understanding.
2. The memorandum of understanding must:
(a) Be in a form approved by the Commissioner; and
(b) Provide for payment of restitution by the person alleged to have committed a deceptive trade practice to each consumer aggrieved by that deceptive trade practice.
3. The memorandum of understanding must not be used to assess penalties or the costs of investigating a complaint against the alleged violator.
4. By executing a memorandum of understanding pursuant to this section, the Commissioner is not precluded from initiating civil proceedings or accepting an assurance of discontinuance from a person pursuant to NRS 598.0979 if the Commissioner determines that the alleged violator breached the terms of the memorandum of understanding or committed or attempted to commit a deceptive trade practice after the execution of the memorandum of understanding.
5. Execution of a memorandum of understanding does not affect the right of a consumer to pursue a private remedy against a person alleged to have committed a deceptive trade practice.
6. A memorandum of understanding is not an admission of a violation for any purpose.
(Added to NAC by Comm’r of Consumer Affairs, eff. 10-20-92)