reglab/housing_qa huggingface dataset:
NV Rev Stat § 604C.500 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.500 - Application for license.

  1. A person who wishes to obtain a license from the Commissioner to engage in the business of a consumer litigation funding company shall submit an application to the Commissioner. The application must be made in writing, under oath and on a form prescribed by the Commissioner. The application must include:  (a) If the applicant is a natural person, the name and address of the applicant.  (b) If the applicant is a business entity, the name and address of each:  (1) Partner;  (2) Officer;  (3) Director;  (4) Manager or member who acts in a managerial capacity; and  (5) Registered agent,  of the business entity.   (c) Such other information, as the Commissioner determines necessary, concerning the financial responsibility, background, experience and activities of the applicant and its:  (1) Partners;  (2) Officers;  (3) Directors; and  (4) Managers or members who act in a managerial capacity.  (d) The address of each location at which the applicant proposes to do business under the license.  2. A person may apply for a license for an office or other place of business located outside this State from which the applicant will conduct business in this State if the applicant submits with the application for a license a statement signed by the applicant which states that the applicant agrees to:  (a) Make available at a location within this State the books, accounts, papers, records and files of the office or place of business located outside this State to the Commissioner or a representative of the Commissioner; or  (b) Pay the reasonable expenses for travel, meals and lodging of the Commissioner or a representative of the Commissioner incurred during any investigation or examination made at the office or place of business located outside this State.  The person must be allowed to choose between the provisions of paragraph (a) or (b) in complying with the provisions of this subsection.  3. The Commissioner shall consider an application to be withdrawn if the Commissioner has not received all information and fees required to complete the application within 6 months after the date the application is first submitted to the Commissioner or within such later period as the Commissioner determines in accordance with any existing policies of joint regulatory partners. If an application is deemed to be withdrawn pursuant to this subsection or if an applicant otherwise withdraws an application, the Commissioner shall not issue a license to the applicant unless the applicant submits a new application and pays any required fees.  (Added to NRS by 2019, 2407)
NV Rev Stat § 604C.510 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.510 - Additional materials to be submitted with application; grounds for denial of license.

  1. In addition to any other requirements set forth in this chapter, each applicant must submit:  (a) Proof satisfactory to the Commissioner that the applicant:  (1) Has a good reputation for honesty, trustworthiness and integrity and is competent to transact the business for which the applicant seeks to be licensed in a manner which protects the interests of the general public.   (2) Has not made a false statement of material fact on the application for the license.   (3) Has not committed any of the acts specified in subsection 2.   (4) Has not had a license issued pursuant to this chapter suspended or revoked within the 10 years immediately preceding the date of the application.   (5) Has not been convicted of, or entered a plea of nolo contendere to, a felony or any crime involving fraud, misrepresentation or moral turpitude.   (6) If the applicant is a natural person:   (I) Is at least 21 years of age; and   (II) Is a citizen of the United States or lawfully entitled to remain and work in the United States.   (b) A complete set of his or her fingerprints and written permission authorizing the Division of Financial Institutions of the Department of Business and Industry to forward the fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for its report.   2. In addition to any other lawful reasons, the Commissioner may refuse to issue a license to an applicant if the applicant:  (a) Has committed or participated in any act for which, if committed or done by a holder of a license, would be grounds for the suspension or revocation of the license.   (b) Has previously been refused a license pursuant to this chapter or has had such a license suspended or revoked.   (c) Has participated in any act which was a basis for the denial or revocation of a license pursuant to this chapter.   (d) Has falsified any of the information submitted to the Commissioner in support of the application for a license.  (Added to NRS by 2019, 2407)
NV Rev Stat § 604C.520 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.520 - Statement concerning obligation for child support required for issuance or renewal of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

  1. In addition to any other requirements, a natural person who applies for a license pursuant to this chapter shall:  (a) Include the social security number of the applicant in the application submitted to the Commissioner; and  (b) Submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520. The statement must be completed and signed by the applicant.   2. The Commissioner shall include the statement required pursuant to subsection 1 in:  (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or  (b) A separate form prescribed by the Commissioner.   3. A license as a consumer litigation funding company may not be issued or renewed by the Commissioner if the applicant:  (a) Fails to submit the statement required pursuant to subsection 1; or  (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.   4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.  (Added to NRS by 2019, 2408)
NV Rev Stat § 604C.530 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.530 - Suspension of license; reinstatement of license. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

  1. If the Commissioner receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is licensed as a consumer litigation funding company, the Commissioner shall deem the license issued to that person to be suspended at the end of the 30th day after the date on which the court order was issued unless the Commissioner receives a letter issued to the licensee by the district attorney or other public agency pursuant to NRS 425.550 stating that the licensee has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.   2. The Commissioner shall reinstate the license of a licensee that has been suspended by a district court pursuant to NRS 425.540 if the Commissioner receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.  (Added to NRS by 2019, 2409)
NV Rev Stat § 604C.550 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.550 - Investigation of applicant; notice; hearing; order; request hearing; regulations.

  1. Upon the filing of the application and the payment of the fees, the Commissioner shall investigate the facts concerning the application and the requirements provided for in this chapter.   2. The Commissioner may hold a hearing on the application at a time not less than 30 days after the application was filed or not more than 60 days after that date. The hearing must be held in the Office of the Commissioner or such other place as the Commissioner may designate. Notice in writing of the hearing must be sent to the applicant and to any licensee to which a notice of the application has been given and to such other person as the Commissioner may see fit, at least 10 days before the date set for the hearing.   3. The Commissioner shall make his or her order granting or denying the application within 10 days after the date of the closing of the hearing, unless the period is extended by written agreement between the applicant and the Commissioner.   4. An applicant is entitled to a hearing on the question of the qualifications of the applicant for licensure upon written request to the Commissioner if:  (a) The Commissioner has notified the applicant in writing that the application has been denied; or  (b) The Commissioner has not issued a license within 60 days after the application for a license was filed.   5. A request for a hearing may not be made more than 15 days after the Commissioner has mailed a written notice to the applicant that the application has been denied and stating in substance the findings of the Commissioner supporting the denial of the application.   6. The Commissioner may adopt regulations to carry out the provisions of this section.  (Added to NRS by 2019, 2410)
NV Rev Stat § 604C.560 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.560 - Issuance of license.

If the Commissioner finds:  1. That the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief that the business will be operated lawfully, honestly, fairly and efficiently, within the purposes of this chapter;   2. That the applicant has complied with the provisions of this chapter; and  3. That the applicant has available for the operation of the business liquid assets of at least $50,000,  he or she shall thereupon enter an order granting the application, and file his or her findings of fact together with the transcript of any hearing held under this chapter, and forthwith issue and deliver a license to the applicant.  (Added to NRS by 2019, 2410)
NV Rev Stat § 604C.570 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.570 - Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice.

  1. A licensee who wishes to change the address of an office or other place of business for which he or she has a license pursuant to the provisions of this chapter must, at least 10 days before changing the address, give written notice of the proposed change to the Commissioner.  2. Upon receipt of the proposed change of address pursuant to subsection 1, the Commissioner shall provide written approval of the change and the date of the approval.  3. If a licensee fails to provide notice as required pursuant to subsection 1, the Commissioner may impose a fine in an amount not to exceed $1,000.  (Added to NRS by 2019, 2411)
NV Rev Stat § 604C.580 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.580 - License not transferable or assignable.

A license issued pursuant to this chapter is not transferable or assignable.  (Added to NRS by 2019, 2411)
NV Rev Stat § 604C.600 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.600 - Required books and records.

  1. Each licensee shall keep and use in his or her business such books and accounting records as are in accord with sound and accepted accounting practices.  2. Each licensee shall maintain a separate record or ledger card for the account of each borrower and shall set forth separately the amount of cash advance and the total amount of interest and charges, but such a record may set forth precomputed declining balances based on the scheduled payments, without a separation of principal and charges.  3. Each licensee shall preserve all such books and accounting records for at least 2 years after making the final entry therein.  4. Each licensee who operates an office or other place of business outside this State that is licensed pursuant to this chapter shall:  (a) Make available at a location within this State the books, accounts, papers, records and files of the office or place of business located outside this State to the Commissioner or a representative of the Commissioner; or  (b) Pay the reasonable expenses for travel, meals and lodging of the Commissioner or a representative of the Commissioner incurred during any investigation or examination made at the office or place of business located outside this State.  (Added to NRS by 2019, 2411)
NV Rev Stat § 604C.610 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.610 - Annual examinations by Commissioner; fees for examination.

  1. At least once each year, the Commissioner or his or her authorized representative shall make an examination of the place of business of each licensee and of the transactions, books, papers and records of each licensee that pertain to the business licensed under this chapter.   2. For each examination conducted pursuant to subsection 1, the Commissioner shall charge and collect from the licensee a fee for conducting the examination and preparing and typing the report of the examination at the rate established and, if applicable, adjusted pursuant to NRS 658.101.  (Added to NRS by 2019, 2412)
NV Rev Stat § 604C.620 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.620 - Independent audit and examination: Payment of assessment; cooperation.

Each licensee shall pay the assessment levied pursuant to NRS 658.055 and cooperate fully with the audits and examinations performed pursuant thereto.  (Added to NRS by 2019, 2412)
NV Rev Stat § 604C.630 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.630 - Fees for audit.

In addition to any other fee provided by this chapter, the Commissioner shall assess and collect from each licensee the reasonable cost of auditing the books and records of a licensee.  (Added to NRS by 2019, 2412)
NV Rev Stat § 604C.640 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.640 - Annual report by licensee; composite reports.

  1. On or before January 31 of each year, a licensee shall submit a report to the Commissioner containing:  (a) The number of consumer litigation funding transactions in which the company engaged in this State for the immediately preceding year;  (b) A summation of the total funded amount of the consumer litigation funding transactions in which the company engaged in this State for the immediately preceding year, expressed in dollars; and  (c) The annual percentage charged to each consumer when repayment was made.   2. If a licensee operated more than one office or provides consumer litigation funding to persons outside of the State, the licensee shall submit a composite report of all consumer litigation funding transactions in which the company engaged for the immediately preceding year.   3. The Commissioner shall make the information contained in the report available to the public upon request in a manner which maintains the confidentiality of the name of each company and consumer.  (Added to NRS by 2019, 2412)
NV Rev Stat § 604C.800 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.800 - Remedies for certain willful violations.

  1. Except as otherwise provided in this section, if a licensee willfully:  (a) Enters into a consumer litigation funding contract for an amount of interest or any other charge or fee that violates the provisions of this chapter or any regulation adopted pursuant thereto;  (b) Demands, collects or receives an amount of interest or any other charge or fee that violates the provisions of this chapter or any regulation adopted pursuant thereto; or  (c) Commits any other act or omission that violates the provisions of this chapter or any regulation adopted pursuant thereto,  the consumer litigation funding contract is void and the licensee is not entitled to collect, receive or retain any principal, interest or other charges or fees with respect to the consumer litigation funding transaction.   2. The provisions of this section do not apply if:  (a) A licensee shows by a preponderance of the evidence that the violation was not intentional and resulted from a bona fide error of computation, notwithstanding the maintenance of procedures reasonably adapted to avoid that error; and  (b) Within 60 days after discovering the error, the licensee notifies the customer of the error and makes whatever adjustments in the account are necessary to correct the error.  (Added to NRS by 2019, 2414)
NV Rev Stat § 604C.810 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.810 - Commissioner to enforce chapter; penalties.

  1. The Commissioner may enforce this chapter and regulations adopted pursuant thereto by taking one or more of the following actions:  (a) Ordering a licensee or a director, employee or other agent of a licensee to cease and desist from any violations;  (b) Ordering a licensee or a director, employee or other agent of a licensee who has caused a violation to correct the violation, including, without limitation, making restitution of money to a person aggrieved by a violation;   (c) Imposing on a licensee or a director, employee or other agent of a licensee who has caused a violation a civil penalty not to exceed $5,000 for each violation; or  (d) Suspending or revoking the license of a licensee in accordance with NRS 604C.830.  2. If a person violates or knowingly authorizes, directs or aids in the violation of a final order issued pursuant to paragraph (a) or (b) of subsection 1, the Commissioner may impose a civil penalty not to exceed $10,000 for each violation.   3. The Commissioner may maintain an action to enforce this chapter in any county in this State.   4. The Commissioner may recover the reasonable costs of enforcing subsections 1, 2 and 3, including, without limitation, attorney’s fees, based on the hours reasonably expended and the hourly rates for attorneys of comparable experience in the community.   5. In determining the amount of a civil penalty imposed pursuant to subsection 1 or 2, the Commissioner shall consider the seriousness of the violation, the good faith of the violator, any previous violations by the violator and any other factor the Commissioner considers relevant to the determination of a civil penalty.  (Added to NRS by 2019, 2412)
NV Rev Stat § 604C.820 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.820 - Person may file complaint alleging violation; requirements; duties of Commissioner when complaint is filed.

  1. A consumer, an attorney for a consumer or any other person who believes that any provision of this chapter has been violated may file a complaint with the Commissioner. Such a complaint must include:  (a) The full name and address of the person filing the complaint;  (b) A clear and concise statement of facts sufficient to establish that the alleged violation occurred, including, without limitation, the date, time and place of the alleged violation and the name of each person involved in the alleged violation; and  (c) A certification by the person filing the complaint that the facts alleged in the complaint are true to the best knowledge and belief of the person.  2. Upon the receipt of a complaint filed pursuant to subsection 1, the Commissioner may investigate and conduct hearings concerning the complaint.  (Added to NRS by 2019, 2414)
NV Rev Stat § 604C.830 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.830 - Suspension or revocation of license by Commissioner.

  1. The Commissioner may suspend or revoke a license if:  (a) The licensee has failed to pay the annual license fee;  (b) The licensee, either knowingly or without any exercise of due care to prevent it, has violated any provision of this chapter or any lawful regulation adopted pursuant thereto;  (c) The licensee has failed to pay an applicable tax, fee or assessment; or  (d) Any fact or condition exists which would have justified the Commissioner in denying the licensee’s original application for a license pursuant to the provisions of this chapter.  2. If the Commissioner has reason to believe that grounds for revocation or suspension of a license exist, the Commissioner shall give 20 days’ written notice to the licensee stating the contemplated action and, in general, the grounds therefor and set a date for a hearing.  3. At the conclusion of a hearing, the Commissioner shall:  (a) Enter a written order either dismissing the charges, revoking the license or suspending the license for a period of not more than 60 days, which period must include any prior temporary suspension. The Commissioner shall send a copy of the order to the licensee by registered or certified mail.  (b) Impose upon the licensee an administrative fine of not more than $10,000 for each violation by the licensee of any provision of this chapter or any regulation adopted pursuant thereto.  (c) If a fine is imposed pursuant to this section, enter such order as is necessary to recover the costs of the proceeding, including investigative costs and attorney’s fees of the Commissioner.  4. Unless otherwise provided in an order, the order for the revocation or suspension of a license applies only to the license granted to a person for the particular location for which grounds for revocation or suspension exist.   5. A licensee upon whom a fine has been imposed or whose license was suspended or revoked pursuant to this section is entitled to judicial review of the decision in the manner provided by chapter 233B of NRS.  (Added to NRS by 2019, 2413)
NV Rev Stat § 604C.840 (2021)
2021 Nevada Revised Statutes|Chapter 604C - Consumer Litigation Funding|NRS 604C.840 - Administrative fines.

  1. The Commissioner may impose an administrative fine of not more than $50,000 upon a person who, without a license, conducts any business or activity for which a license is required pursuant to the provisions of this chapter.   2. The Commissioner shall afford to any person fined pursuant to subsection 1 reasonable notice and an opportunity for a hearing pursuant to the provisions of NRS 233B.121.  3. A person fined by the Commissioner pursuant to subsection 1 is entitled to judicial review of the decision of the Commissioner in the manner provided by chapter 233B of NRS.  (Added to NRS by 2019, 2413)