NAC645E.510. Orders to cease and desist from certain activities.

     1. If a person engages in an activity in violation of the provisions of this chapter or chapter 645E of NRS, the Commissioner may issue an order to the person directing the person to cease and desist from engaging in the activity.

     2. The order to cease and desist must be in writing and must state that, in the opinion of the Commissioner, the person has engaged in an activity:

     (a) For which the person has not received a license or certificate of exemption as required by chapter 645E of NRS; or

     (b) In a manner that violates the provisions of this chapter or chapter 645E of NRS.

     3. A person who receives an order to cease and desist pursuant to this section shall not engage in any activity governed by chapter 645E of NRS after receiving the order unless the order is suspended or rescinded.

     4. Not later than 30 calendar days after receiving an order pursuant to this section, the person who receives the order may file a verified petition with the Commissioner to request a hearing. Upon receipt of the verified petition, the Commissioner may, for good cause shown, suspend the order pending the hearing. The Commissioner will hold the hearing on a date not later than 30 calendar days after the date the petition is filed unless the Commissioner and the person agree to another date. The order to cease and desist is rescinded if the Commissioner fails to:

     (a) Hold the hearing:

          (1) Not later than 30 calendar days after the date the petition is filed; or

          (2) On a date agreed to by the Commissioner and the person; or

     (b) Render a written decision within 45 calendar days after the date the hearing is concluded.

     5. The decision of the Commissioner after the hearing is a final decision of the Division for the purposes of judicial review.

     (Added to NAC by Comm’r of Financial Institutions by R046-00, eff. 9-5-2000)—(Substituted in revision for NAC 645E.300)