624.3013 - Failure to keep records or maintain bond; misrepresentation; failure to establish financial responsibility or comply with law or regulations of Board. - Nevada Statutes

624.3013  Failure to keep records or maintain bond; misrepresentation; failure to establish financial responsibility or comply with law or regulations of Board.  The following acts, among others, constitute cause for disciplinary action pursuant to NRS 624.300:

      1.  Failure to keep records showing all contracts, documents, receipts and disbursements by a licensee of all of the licensee’s transactions as a contractor and to keep them open for inspection by the Board or Executive Officer for a period of not less than 3 years after the completion of any construction project or operation to which the records refer.

      2.  Misrepresentation of a material fact by an applicant or licensee in connection with any information or evidence furnished the Board in connection with official matters of the Board.

      3.  Failure to establish financial responsibility pursuant to NRS 624.220 and 624.260 to 624.265, inclusive, at the time of renewal of the license or at any other time when required by the Board.

      4.  Failure to keep in force the bond or cash deposit pursuant to NRS 624.270 for the full period required by the Board.

      5.  Failure in any material respect to comply with the provisions of this chapter or the regulations of the Board.

      (Added to NRS by 1969, 941; A 1971, 182; 1985, 1053; 1987, 217; 1999, 2965)