NAC692A.140. Supervision and examination: Billing and payment of fees and charges.  


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  •      1. The Commissioner will bill the title agent or title insurer monthly for the amount due unless, in the opinion of the Commissioner, it is more practical under the circumstances to bill him or her upon the completion of the supervision or examination.

         2. Except as otherwise provided in subsection 3, within 30 days after the date on which the bill is postmarked, the title agent or title insurer shall pay the amount due in full.

         3. Upon request, the Commissioner will, if appropriate, allow a title agent to pay the applicable fees and charges in periodic payments. The title agent shall include in the request for periodic payments a proposed schedule for payment and evidence of the financial hardship which would be created by immediate payment of the bill.

     (Added to NAC by Comm’r of Insurance, eff. 9-16-92)