Section 676A.370 - Renewal of registration: Application; form; contents; fees; disclosure; denial; cancellation and reinstatement1. A registration as a provider expires on December 31 of each year, unless it is renewed.2. An application for renewal of registration as a provider must be in a form prescribed by the Commissioner, signed under oath, and:(a) Be filed on or after November 1 and on or before December 31 of each year; (b) Be accompanied by the fee established by the Commissioner and the bond required by NRS 676A.390;(c) Contain the matter required for initial registration as a provider by subsections 8 and 9 of NRS 676A.320 and a financial statement, audited by an accountant licensed to conduct audits, for the applicant's fiscal year immediately preceding the application;(d) Disclose any changes in the information contained in the applicant's application for registration or its immediately previous application for renewal, as applicable, and if an application is otherwise complete and the applicant has made a timely effort to submit a complete set of fingerprints of each applicable person specified in NRS 676A.440, but the fingerprints have not been received, the Commissioner may issue a temporary renewal of registration which expires not later than 180 days after issuance;(e) Supply evidence of insurance in an amount equal to the larger of $250,000 or the highest daily balance in the trust account required by NRS 676A.570 during the 6-month period immediately preceding the application: (1) Against risks of dishonesty, fraud, theft and other misconduct on the part of the applicant or a director, employee or agent of the applicant;(2) Issued by an insurance company authorized to do business in this State and rated at least A or equivalent by a nationally recognized rating organization approved by the Commissioner;(3) With a deductible not exceeding $5,000;(4) Payable for the benefit of the applicant, this State and the individuals who are residents of this State, as their interests may appear; and(5) Not subject to cancellation by the applicant or the insurer until 60 days after written notice has been given to the Commissioner;(f) If the applicant has developed and implemented debt-management plans, disclose: (1) The total amount of money received by the applicant pursuant to plans during the preceding 12 months from or on behalf of individuals who reside in this State and the total amount of money distributed to creditors of those individuals during that period; and(2) To the best of the applicant's knowledge, the gross amount of money accumulated during the preceding 12 months pursuant to plans by or on behalf of individuals who reside in this State and with whom the applicant has agreements; and(g) Provide any other information that the Commissioner reasonably requires to perform the Commissioner's duties under this section.3. Except as otherwise provided in this subsection, the Commissioner shall make the information in an application for renewal of registration as a provider available to the public. Except as otherwise provided in NRS 239.0115, the information required by subsections 7 and 16 of NRS 676A.320 and the addresses required by subsection 4 of NRS 676A.320 are confidential and not subject to inspection by the general public.4. If a registered provider files a timely and complete application for renewal of registration, the registration remains effective until the Commissioner, in a record, notifies the applicant of a denial and states the reasons for the denial.5. If the Commissioner denies an application for renewal of registration as a provider, the applicant, within 30 days after receiving notice of the denial, may appeal and request a hearing pursuant to NRS 233B.121 to 233B.150, inclusive. Subject to NRS 676A.750, while the appeal is pending, the applicant must continue to provide debt-management services to individuals with whom it has agreements. If the denial is affirmed, subject to the Commissioner's order and NRS 676A.750, the applicant must continue to provide debt-management services to individuals with whom it has agreements until, with the approval of the Commissioner, it transfers the agreements to another registered provider or returns to the individuals all unexpended money that is under the applicant's control.6. Except as otherwise provided in this section, if an applicant for renewal of a certificate of registration as a provider fails to submit any item required in this section to the Commissioner on or after November 1 and on or before December 31 of any year, the registration is cancelled as of December 31 of that year. The Commissioner may reinstate a cancelled registration if the applicant submits to the Commissioner on or before February 28 of the following year, all information and fees required for renewal pursuant to this section.Added to NRS by 2009, 1977; A 2021, 2045Amended by 2021, Ch. 347,§32, eff. 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 amendatory provisions for all other purposes.Added to NRS by 2009, 1977