NAC598.136. Audit by Division; determination regarding action against security of registrant.

     1. Upon receiving a claim, the Division may conduct an audit to determine whether the claimant is entitled to recover against the security of the registrant.

     2. After the Division has completed its audit, the Division may schedule a hearing.

     3. If the Division decides that it will take action against the security of the registrant, the Division will notify the registrant at least 10 days before the date set for the hearing and request the registrant to appear and show cause why the Division should not take the intended action.

     4. If the Division decides that it will not take action against the security of the registrant on behalf of the claimant, the Division will notify the claimant at least 10 days before the date set for the hearing and request the claimant to appear and show cause why the Division should not decline to take action.

     (Added to NAC by Comm’r of Consumer Affairs by R122-98, eff. 2-23-99)