NRS 604C.500 – Application for license.

1. A person who wishes to obtain a license from the Commissioner to engage in the business of a consumer litigation funding company shall submit an application to the Commissioner. The application must be made in writing, under oath and on a form prescribed by the Commissioner. The application must include: (a) If the applicant […]

NRS 604C.510 – Additional materials to be submitted with application; grounds for denial of license. [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.] Additional materials to be submitted with application; grounds for denial of license. [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. In addition to any other requirements set forth in this chapter, each applicant must submit: (a) Proof satisfactory to the Commissioner that the applicant: (1) Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business for which the applicant seeks to be licensed in a manner which protects […]

NRS 604C.520 – Statement concerning obligation for child support required for issuance or renewal of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

1. In addition to any other requirements, a natural person who applies for a license pursuant to this chapter shall: (a) Include the social security number of the applicant in the application submitted to the Commissioner; and (b) Submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the […]

NRS 604C.530 – Suspension of license; reinstatement of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

1. If the Commissioner receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is licensed as a consumer litigation funding company, the Commissioner shall deem the license issued to that person to […]

NRS 604C.540 – Application fees; surety bond; regulations concerning application fees and surety bond.

1. An application submitted to the Commissioner pursuant to NRS 604C.500 must be accompanied by: (a) A nonrefundable fee of not more than $1,000 for the application and survey; (b) Any additional expenses incurred in the process of investigation as the Commissioner deems necessary; and (c) A fee of not less than $200 and not […]

NRS 604C.550 – Investigation of applicant; notice; hearing; order; request hearing; regulations.

1. Upon the filing of the application and the payment of the fees, the Commissioner shall investigate the facts concerning the application and the requirements provided for in this chapter. 2. The Commissioner may hold a hearing on the application at a time not less than 30 days after the application was filed or not […]

NRS 604C.560 – Issuance of license.

If the Commissioner finds: 1. That the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief that the business will be operated lawfully, honestly, fairly and efficiently, within the purposes of this chapter; 2. That the applicant has complied with […]

NRS 604C.565 – Expiration of license; procedure for renewal; cancellation and reinstatement. [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. A license issued pursuant to the provisions of this chapter expires on December 31 of each year, unless it is renewed. To renew such a license, the licensee must submit to the Commissioner on or after November 1 and on or before December 31 of each year: (a) An application for renewal; and (b) […]

NRS 604C.570 – Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice.

1. A licensee who wishes to change the address of an office or other place of business for which he or she has a license pursuant to the provisions of this chapter must, at least 10 days before changing the address, give written notice of the proposed change to the Commissioner. 2. Upon receipt of […]

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)