Nev. Admin. Code § 645B.064 - Assessment for costs related to audits and examinations

1. Each mortgage company shall pay to the Division an annual assessment as required pursuant to NRS 645F.180 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. The Division will bill each mortgage company for the assessment. The assessment must be paid within 30 calendar days after the date the bill is received.

3. A charge of 10 percent of the assessment will be imposed on any mortgage company whose assessment is received by the Division after the date on which the assessment is due. The Commissioner may waive the penalty for good cause.

Notes

Nev. Admin. Code § 645B.064

Added to NAC by Comm'r of Financial Institutions, eff. 12-17-87; A 5-27-92; R045-00, 9-5-2000; A by Comm'r of Mortgage Lending by R087-04, 8-31-2004; A by R119-19A, eff. 11/9/2023

NRS 645B.060