119A.652 - Inspections by Division; penalty for failure to cooperate; regulations. - Nevada Statutes

119A.652  Inspections by Division; penalty for failure to cooperate; regulations.

      1.  The Division shall regularly inspect the files of transactions, records of trusts and relevant accounts of all project brokers and developers.

      2.  If a project broker or developer fails to allow or cooperate fully with such an inspection, the Division may:

      (a) Impose a fine or suspend or revoke the license or permit of the project broker or developer; or

      (b) Deny the renewal of the license of the project broker.

      3.  The Division shall adopt regulations specifying the procedure for such inspections.

      (Added to NRS by 1985, 1134; A 2001, 530)