676.310 - Order denying or revoking license; contracts unaffected by disciplinary action or expiration of license. [Effective through June 30, 2010.] - Nevada Statutes

676.310  Order denying or revoking license; contracts unaffected by disciplinary action or expiration of license. [Effective through June 30, 2010.]

      1.  The Commissioner may, after notice and hearing, enter an order:

      (a) Denying a license to any applicant who fails to establish, at the hearing, its financial responsibility, experience, character and general fitness to engage in debt adjusting; or

      (b) Revoking the license of a licensee who fails to overcome, at the hearing, the probable cause for the revocation found by the Commissioner.

      2.  The denial, expiration, suspension or revocation of a license, as provided in this chapter, does not impair nor affect the obligation under any lawful contract for debt adjustment.

      (Added to NRS by 1973, 1493; A 1977, 96; 1983, 1816; 1987, 1997; 1989, 923; R 2009, 2001, effective July 1, 2010)