Nev. Rev. Stat. § 657A.320

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 657A.320 - Request for relief from certain limitations; approval, denial, rescission or modification of request
1. At any time during the period of testing a financial product or service, a participant may submit to the Director a written request for relief from the limitations of subsection 2 of NRS 657A.300 or subsection 1 of NRS 657A.310, or both, as they otherwise apply to the participant.
2. In accordance with any regulations adopted pursuant to NRS 657A.210, the Director may:
(a) Approve a request for relief if the Director determines that the participant has adequate capitalization and satisfactory procedures and processes in place for the oversight of its operations and the management of risk.
(b) Rescind or modify at any time his or her approval of a request for relief.
3. The approval, denial, rescission or modification of approval of a request for relief is final and not subject to administrative or judicial review.

NRS 657A.320

Added to NRS by 2019, 3989
Added by 2019, Ch. 611,§19, eff. 1/1/2020.