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2017 Nevada Revised Statutes
Chapter 690D - Guaranteed Asset Protection Waivers
NRS 690D.230 - Authority of Commissioner to issue cease and desist order; notice and hearing; fines.
Universal Citation: NV Rev Stat § 690D.230 (2017)
Except as otherwise provided in NRS 690D.100:
1. The Commissioner may order any person, including, without limitation, a creditor or administrator, to cease and desist any conduct that violates any provision of this chapter.
2. A person who violates any provision of this chapter may, after a hearing conducted pursuant to NRS 679B.310 to 679B.370, inclusive, be assessed a civil penalty by the Commissioner of not more than $500 for each act or violation, not to exceed an aggregate amount of $10,000 for violations of a similar nature. For the purposes of this section, violations shall be deemed to be of a similar nature if the violations consist of the same or similar conduct, regardless of the number of times the conduct occurred.
(Added to NRS by 2015, 2639)
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