NAC645E.505. Reporting of violations to Registry; procedure for challenging report.

     1. The Division shall regularly report violations of this chapter and chapter 645E of NRS, enforcement actions and other relevant information, including, without limitation, violations of any applicable federal law or regulation, to the Registry pursuant to the protocols of the Registry.

     2. A person may challenge information provided by the Division to the Registry.

     3. A challenge must be sent in writing by regular mail to the Division and addressed to the Office of the Commissioner.

     4. Once received, the Division shall consider the merits of a challenge and provide the person with a written reply which must be sent by regular mail to the person within 30 days after receipt of the challenge.

     5. The person may send a written rebuttal within 30 days after receipt of the Division’s reply by regular mail to the Division and addressed to the Office of the Commissioner.

     6. Upon receipt of the written rebuttal, the Commissioner will make a written final decision concerning the written rebuttal and underlying challenge and send the final decision by regular mail to the person within 30 days.

     7. If, pursuant to subsection 6, the Commissioner upholds a challenge, the Commissioner will promptly take action to correct the information submitted to the Registry.

     8. The Commissioner will not submit a challenge, reply, rebuttal or final decision described in this section to the Registry unless otherwise required by law.

     (Added to NAC by Comm’r of Mortgage Lending by R038-10, eff. 7-22-2010)