Nev. Rev. Stat. § 689.215

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 689.215 - Certificate of authority: Revocation; suspension

1. After giving written notice of charges to the seller, not less than 30 days in advance of a hearing, the Commissioner may, after the hearing, revoke the seller's certificate of authority if the seller:

(a) Obtained the certificate of authority through misrepresentation or concealment of a material fact;

(b) Is no longer qualified for such a certificate of authority; or

(c) Knowingly violates any provision of NRS 689.150 to 689.375, inclusive, or any lawful order or regulation of the Commissioner.

2. If a seller is found to be in violation of paragraph (c) of subsection 1, the Commissioner may, in lieu of revocation, suspend the seller's certificate of authority for a period not to exceed 90 days.

NRS 689.215

Added to NRS by 1971, 1396; A 1977, 99; 1987, 1263