NRS 604C.820 – Person may file complaint alleging violation; requirements; duties of Commissioner when complaint is filed.
1. A consumer, an attorney for a consumer or any other person who believes that any provision of this chapter has been violated may file a complaint with the Commissioner. Such a complaint must include: (a) The full name and address of the person filing the complaint; (b) A clear and concise statement of facts […]
NRS 604C.830 – Suspension or revocation of license by Commissioner.
1. The Commissioner may suspend or revoke a license if: (a) The licensee has failed to pay the annual license fee; (b) The licensee, either knowingly or without any exercise of due care to prevent it, has violated any provision of this chapter or any lawful regulation adopted pursuant thereto; (c) The licensee has failed […]
NRS 604C.840 – Administrative fines.
1. The Commissioner may impose an administrative fine of not more than $50,000 upon a person who, without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter. 2. The Commissioner shall afford to any person fined pursuant to subsection 1 reasonable notice and an […]
NRS 604C.850 – Contract void if deceptive and abusive violation.
1. If a court of competent jurisdiction determines that a consumer litigation funding company has willfully committed a deceptive and abusive violation of this chapter with regard to a specific consumer litigation funding transaction, the contract shall be void. 2. Nothing in this chapter shall be construed to restrict the exercise of powers or the […]
NRS 604C.640 – Annual report by licensee; composite reports. [Effective until the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing System and Registry has sufficient capabilities to allow the Commissioner to carry out the provisions of chapter 347, Statutes of Nevada 2021, at page 2030.] Annual report by licensee; composite reports; Commissioner may require additional reports. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing System and Registry has sufficient capabilities to allow the Commissioner to carry out the provisions of chapter 347, Statutes of Nevada 2021, at page 2030.]
1. On or before January 31 of each year, a licensee shall submit a report to the Commissioner containing: (a) The number of consumer litigation funding transactions in which the company engaged in this State for the immediately preceding year; (b) A summation of the total funded amount of the consumer litigation funding transactions in […]
NRS 604C.800 – Remedies for certain willful violations.
1. Except as otherwise provided in this section, if a licensee willfully: (a) Enters into a consumer litigation funding contract for an amount of interest or any other charge or fee that violates the provisions of this chapter or any regulation adopted pursuant thereto; (b) Demands, collects or receives an amount of interest or any […]
NRS 604C.810 – Commissioner to enforce chapter; penalties.
1. The Commissioner may enforce this chapter and regulations adopted pursuant thereto by taking one or more of the following actions: (a) Ordering a licensee or a director, employee or other agent of a licensee to cease and desist from any violations; (b) Ordering a licensee or a director, employee or other agent of a […]
NRS 604C.580 – License not transferable or assignable.
A license issued pursuant to this chapter is not transferable or assignable. (Added to NRS by 2019, 2411)
NRS 604C.583 – Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not affect authority of Commissioner regarding licensing. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing System and Registry has sufficient capabilities to allow the Commissioner to carry out the provisions of chapter 347, Statutes of Nevada 2021, at page 2030.]
1. The Commissioner may, in furtherance of his or her duties with respect to the issuance and renewal of licenses pursuant to this chapter, participate in the Nationwide Multistate Licensing System and Registry. The Commissioner may take any action with respect to participation in the Registry that the Commissioner deems necessary to carry out his […]
NRS 604C.586 – Submission and processing of fingerprints. [Effective on the date on which the Commissioner of Financial Institutions notifies the Governor and the Director of the Legislative Counsel Bureau that the Nationwide Multistate Licensing System and Registry has sufficient capabilities to allow the Commissioner to carry out the provisions of chapter 347, Statutes of Nevada 2021, at page 2030.]
1. The Commissioner may require an applicant or licensee to submit a complete set of fingerprints when the Commissioner determines necessary. 2. The Commissioner may use the services of the Registry to process and to submit the fingerprints to the Federal Bureau of Investigation, to the Central Repository for Nevada Records of Criminal History, to […]