NAC676A.110. Proof of certain qualifications of applicant required.

Every individual applicant, every officer, director and natural person who is a holder or owner of at least 10 percent of the voting stock of a corporate applicant, and every member of a firm or partnership applicant for registration must submit proof satisfactory to the Commissioner that the person:

     1. Is a citizen of the United States or lawfully entitled to remain and work in the United States.

     2. Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business of a registered provider in a manner which protects the interests of the general public.

     3. Has not had a registration issued under chapter 676A of NRS suspended or revoked within the 10 years immediately preceding the date of the application.

     4. Has not been convicted of, or entered a plea of nolo contendere to:

     (a) A felony relating to the provision of debt-management services; or

     (b) Any crime involving fraud, misrepresentation or moral turpitude.

     5. Has not made a false statement of material fact on the application.

     (Added to NAC by Comm’r of Financial Institutions by R050-10, eff. 10-15-2010)