659.010 - Assessment for costs related to audits and examinations

659.010. Assessment for costs related to audits and examinations

1. Except as otherwise provided in NAC 658.030, each bank shall pay to the Division of Financial Institutions of the Department of Business and Industry 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. The Division will bill each bank for the assessment. The assessment must be paid within 30 days after the date the bill is received.

3. A charge of 10 percent of the assessment will be imposed on any bank whose assessment is received by the Division after the date on which the assessment is due.

4. As used in this section, "bank" has the meaning ascribed to it in NRS 657.016.

Added to NAC by Comm'r of Financial Institutions, eff. 12-17-87; A 5-27-92

NRS 658.055, 658.105

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