2022 Nevada Revised Statutes
Chapter 645G - Exchange Facilitators
NRS 645G.180 - Effect of failure to renew before expiration. [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.] Cancellation of license for failure to submit item required for renewal; 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.]
If a licensee fails to apply for a renewal of his or her license before the date of the expiration thereof, no license may be issued to the licensee except upon another application for an original license, except that within 1 year of such expiration a renewal may be issued upon payment of a fee one and one-half times the amount otherwise required for renewal.
(Added to NRS by 2007, 3108)
1. Except as otherwise provided in subsection 2, if a licensee fails to submit any item required for the renewal of his or her license pursuant to NRS 645G.100, 645G.200 or 645G.210, as applicable, 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 no license may be issued to the licensee except upon another application for an original license.
2. The Commissioner may reinstate a license which has been cancelled pursuant to subsection 1 if the licensee submits to the Commissioner on or before February 28 of the year following the cancellation of the license:
(a) An application for renewal which contains the information required by the Division for that purpose; and
(b) A fee one and one-half times the amount otherwise required for renewal.
(Added to NRS by 2007, 3108; A 2021, 2063, 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)
