NAC645H.060. Check or draft returned for lack of payment.

     1. If a person submits a check or draft to the Division to obtain a certificate of registration or permit and the check or draft is returned to the Division because the person had insufficient money or credit with the drawee to pay the check or draft or because the person stopped payment on the check or draft:

     (a) The certificate or permit obtained by the person from the Division is automatically invalidated; or

     (b) If the person has not obtained the certificate or permit, the Division may refuse to issue or reinstate the certificate or permit.

     2. In accordance with NRS 353C.115 and NAC 353C.400, the Division will charge a person, for each check or draft returned to the Division because the person had insufficient money or credit with the drawee to pay the check or draft or because the person stopped payment on the check or draft, a fee of $25 or such other amount as may subsequently be required by NRS 353C.115 and NAC 353C.400.

     (Added to NAC by Real Estate Div. by R147-12, eff. 6-3-2013)