2022 Nevada Revised Statutes
Chapter 675 - Installment Loans
NRS 675.140 - Expiration, renewal and reinstatement of license; fees; regulations. [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; regulations. [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 expires on December 31 of each year unless renewed by the licensee through the payment, on or before that date, of an annual fee of not more than $1,000 for each license held by the licensee. The Commissioner may reinstate an expired license upon receipt of the annual fee and a fee of not more than $400 for reinstatement.
2. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
(Added to NRS by 1959, 229; A 1981, 757; 1983, 1807; 1987, 1989; 1989, 922; 2005, 1882)
1. A license expires on December 31 of each year unless renewed by the licensee. 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; and
(b) A fee of not more than $1,000 for each license held by the licensee.
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. 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 fee specified in paragraph (b) of subsection 1; and
(c) A fee of not more than $400 for reinstatement.
3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.
(Added to NRS by 1959, 229; A 1981, 757; 1983, 1807; 1987, 1989; 1989, 922; 2005, 1882; 2021, 2039, 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)
