NAC671.060. Annual assessments to cover costs related to legal services and performance of audits and examinations; failure to pay assessments.

     1. Except as otherwise provided in NAC 658.030, each licensee shall pay to the Division an annual assessment of $300 to cover the costs related to the employment of a certified public accountant and the performance of audits and examinations conducted by the Division.

     2. Each licensee shall pay to the Division the assessment to cover the costs of legal services provided by the Attorney General to the Commissioner and the Division which is imposed pursuant to NRS 658.098.

     3. The Division shall bill each licensee for the assessments described in subsections 1 and 2. The licensee shall pay the assessments within 30 days after the date on which the licensee receives the bill.

     4. A charge of 10 percent of the assessment will be imposed on any licensee if payment for an assessment described in subsection 1 or 2 is received by the Division after the date on which the assessment is due.

     5. The failure of a licensee to pay an assessment described in subsection 1 or 2 constitutes grounds for the revocation of the license of the licensee.

     (Added to NAC by Comm’r of Financial Institutions by R109-06, eff. 6-28-2006; A by R137-08, 10-15-2010)