604A.740 - Fees for regulatory activities; penalties for failure to pay fees. - Nevada Statutes

604A.740  Fees for regulatory activities; penalties for failure to pay fees.

      1.  The Commissioner shall charge and collect from each licensee a fee of not more than $80 per hour for any supervision, audit, examination, investigation or hearing conducted pursuant to this chapter or any regulations adopted pursuant thereto.

      2.  The Commissioner shall bill each licensee upon the completion of the activity for the fee required pursuant to subsection 1. The licensee shall pay the fee within 30 days after the date the bill is received. Except as otherwise provided in this subsection, any payment received after the date due must include a penalty of 10 percent of the fee plus an additional 1 percent of the fee for each month, or portion of a month, that the fee is not paid. The Commissioner may waive the penalty for good cause.

      3.  The failure of a licensee to pay the fee required pursuant to subsection 1 as provided in this section constitutes grounds for revocation of the license of the licensee.

     4.  The Commissioner shall adopt regulations establishing the amount of the fee required pursuant to this section.

      (Added to NRS by 2005, 1706; A 2005, 22nd Special Session, 100)