Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter645H Asset Management Companies and Asset Managers |
PRACTICE BEFORE THE DIVISION |
NAC645H.560. Informal meeting.
- The Division will schedule an informal meeting rather than a formal hearing for matters that may be settled or otherwise do not require a formal hearing, in accordance with the following procedures:
1. The Division will initiate the procedure for an informal meeting by giving notice which must include a concise statement of all the facts necessary to understand the possible violation and a brief statement of the relief desired by the Division, if appropriate;
2. The informal meeting will be held by the Administrator or his or her designee at a time and place prescribed by the Administrator;
3. The Administrator, his or her designee or any other party may require a tape recording to be made of the informal meeting;
4. The initiation of an informal meeting by the Division is without prejudice to its right to initiate a complaint and formal proceedings covering the same subject matter; and
5. All matters discussed and all material presented in an informal meeting may be used in a subsequent formal hearing, and the Division will inform all parties of that fact at the beginning of the informal meeting.
(Added to NAC by Real Estate Div. by R147-12, eff. 6-3-2013)