2022 Nevada Revised Statutes
Chapter 604A - Deferred Deposit Loans, High-Interest Loans, Title Loans and Check-Cashing Services
NRS 604A.640 - Expiration, renewal and reinstatement of license; fees. [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.] Expiration, renewal and reinstatement of license; fees. [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 annually on the anniversary of the issuance of the license. A licensee must renew the license on or before the date on which the license expires by paying:
(a) A renewal fee of not more than $500; and
(b) An additional fee of not more than $100 for each branch location at which the licensee is authorized to operate under the license.
2. A licensee who fails to renew his or her license within the time required by this section is not licensed pursuant to the provisions of this chapter.
3. The Commissioner may reinstate an expired license upon receipt of the renewal fee and a fee for reinstatement.
4. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
(Added to NRS by 2005, 1703; A 2005, 22nd Special Session, 100)
1. A license issued pursuant to the provisions of this chapter expires annually on December 31, unless it is renewed. To renew a license, a 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;
(b) A renewal fee of not more than $500; and
(c) An additional fee of not more than $100 for each branch location at which the licensee is authorized to operate under the license.
2. If a licensee fails to submit any item required pursuant to subsection 1 to the Commissioner on or after November 1 and on or before December 31 of any year, the license is cancelled as of December 31 of that year and the licensee is not licensed pursuant to the provisions of this chapter. The Commissioner may reinstate a cancelled license if the licensee submits to the Commissioner on or before February 28 of the following year:
(a) An application for renewal;
(b) The fees required pursuant to subsection 1; and
(c) A fee for reinstatement.
3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
(Added to NRS by 2005, 1703; A 2005, 22nd Special Session, 100; 2021, 2049, 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)
