Section 671.445 - Suspension or revocation of designation of authorized delegate: Grounds; considerations in determining whether practice is unsafe or unsound; relief1. The Commissioner may issue an order suspending or revoking the designation of an authorized delegate if the Commissioner finds that:(a) The authorized delegate committed a violation of any provision of this chapter or any regulation adopted or order issued by the Commissioner pursuant to this chapter;(b) The authorized delegate did not cooperate with an examination or investigation by the Commissioner;(c) The authorized delegate has engaged in fraud, intentional misrepresentation or gross negligence;(d) The authorized delegate has been convicted of a violation of a state or federal anti-money laundering statute;(e) The competence, experience, character or general fitness of the authorized delegate or a person in control of the authorized delegate indicates that it is not in the public interest to permit the authorized delegate to provide money transmission; or(f) The authorized delegate has engaged in an unsafe or unsound practice.2. In determining whether an authorized delegate has engaged in an unsafe or unsound practice pursuant to paragraph (f) of subsection 1, the Commissioner may consider the size and condition of the provision of money transmission by the authorized delegate, the magnitude of the loss, the gravity of the violation of any provision of this chapter or any regulation adopted or order issued by the Commissioner pursuant to this chapter and the previous conduct of the authorized delegate.3. An authorized delegate may apply for relief from a suspension or revocation of designation as an authorized delegate according to procedures prescribed by the Commissioner.Added to NRS by 2023, 115Added by 2023, Ch. 23,§62, eff. 7/1/2023.