Nev. Admin. Code § 675.080 - Fee for supervision and related activities: Amount; collection; failure to pay
1. The Commissioner
of Financial Institutions will charge and collect a fee of $75 per hour from
each installment loan company for any supervision, examination, audit,
investigation or hearing conducted pursuant to chapter 675 of NRS.
2. The Commissioner will bill each
installment loan company upon the completion of the activity for the fee
established in subsection 1. The fee must be paid within 30 days after the date
the bill is received. Except as otherwise provided in this subsection, any
payment received after that date must include a penalty of 10 percent of the
fee plus an additional 1 percent of the fee for each month, or portion of a
month, that the fee is not paid. The Commissioner may waive the penalty for
good cause.
3. Failure of an
installment loan company to pay the fee required by subsection 1 as provided in
this section constitutes grounds for revocation of its license.
Notes
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