reglab/housing_qa huggingface dataset:
NV Rev Stat § 645G.320 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.320 - Fidelity bond or deposit.

  1. Except as otherwise provided in subsection 2, an exchange facilitator shall maintain one or more fidelity bonds in a total amount of not less than $1,000,000 executed by an insurer authorized to do business in this State and approved by the Division.  2. In lieu of such a bond, a licensee may deposit with the Division under such terms and conditions as the Division may prescribe, a like amount of lawful money of the United States or any other form of security authorized by NRS 100.065. If security is provided in the form of a savings certificate, certificate of deposit or investment certificate, the certificate must state that the amount is unavailable for withdrawal except upon order of the Division.  3. A licensee shall provide proof of the bond required pursuant to this section, including, without limitation, the name and address of the insurer, to a client.  4. Any person claiming against a bond or deposit required by this section may bring an action in a court of competent jurisdiction on the bond or deposit for damages to the extent covered by the bond or deposit. A person who brings an action on a bond or deposit shall notify the Division in writing upon filing the action.  5. Upon receiving a request from a person for whose benefit a bond or deposit is required, the Division shall notify the person:  (a) That a bond is in effect or that a deposit has been made, and the amount of either; and  (b) If there is an action against the bond, of the title, court and case number of the action and the amount sought by the plaintiff.  6. If an insurer or, in the case of a deposit, the Division wishes to make a payment without awaiting action by a court, the amount of the bond or deposit must be reduced to the extent of any payment made by the insurer or the Division in good faith under the bond or deposit. Any payment must be based on written claims received by the insurer or the Division before any action is taken by a court.  7. Claims against a bond or deposit have equal priority, and if the bond or deposit is insufficient to pay all claims in full, they must be paid on a pro rata basis. Partial payment of claims is not full payment, and any claimant may bring an action against the licensee for the unpaid balance.  (Added to NRS by 1993, 2020; A 2007, 3119) — (Substituted in revision for NRS 645.608)
NV Rev Stat § 645G.330 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.330 - Insurance: Maintenance of policy; other security; proof of coverage; claims; duty of Division.

  1. Except as otherwise provided in subsection 2, a licensee shall maintain a policy of insurance covering liability for errors and omissions in an amount not less than $250,000 executed by an insurer authorized to do business in this State and approved by the Division.  2. In lieu of such a policy of insurance, a licensee may deposit with the Division under such terms and conditions as the Division may prescribe, a like amount of lawful money of the United States or any other form of security authorized by NRS 100.065. If security is provided in the form of a savings certificate, certificate of deposit or investment certificate, the certificate must state that the amount is unavailable for withdrawal except upon order of the Division.  3. A licensee shall provide proof of the coverage required pursuant to this section, including, without limitation, the name and address of the insurer, to a client.   4. The provisions of subsections 1 and 2 do not prohibit the licensee from maintaining a policy of insurance, deposits or other forms of security in excess of the amounts required by subsections 1 and 2.  5. Any person claiming against a policy of insurance or deposit required by this section may bring an action in a court of competent jurisdiction on the policy of insurance or deposit for damages to the extent covered by the policy. A person who brings an action on a policy or deposit shall notify the Division in writing upon filing the action.  6. Upon receiving a request from a client of an exchange facilitator, the Division shall notify the client:  (a) That a policy of insurance is in effect or that a deposit has been made, and the amount of either; and  (b) If there is an action against the policy of insurance, of the title, court and case number of the action and the amount sought by the plaintiff.  7. If an insurer or, in the case of a deposit, the Division wishes to make payment without awaiting action by a court, the amount of the policy or deposit must be reduced to the extent of any payment made by the insurer or the Division in good faith under the policy or deposit. Any payment must be based on written claims received by the insurer or the Division before any action is taken by a court.  8. Claims against a policy of insurance or deposit have equal priority, and if the policy or deposit is insufficient to pay all claims in full, they must be paid on a pro rata basis. Partial payment of claims is not full payment, and any claimant may bring an action against the exchange facilitator for the unpaid balance.  (Added to NRS by 2007, 3107)
NV Rev Stat § 645G.340 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.340 - Written notice of cancellation or withdrawal of bond, insurance or other security; suspension of license.

A licensee shall provide written notice to the Division at least 30 days before the cancellation or withdrawal of any bond, policy of insurance or security required pursuant to NRS 645G.320 or 645G.330. The Division shall suspend the license of a licensee upon notice that the licensee has cancelled or withdrawn any bond, policy of insurance or security required pursuant to NRS 645G.320 or 645G.330.  (Added to NRS by 2007, 3107)
NV Rev Stat § 645G.350 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.350 - Exchange funds to be kept separate.

All exchange funds must be kept separate from money belonging to the licensee and must be deposited in a financial institution that is federally insured or insured by a private insurer approved pursuant to NRS 672.755 unless another financial institution has been designated in writing in the exchange agreement. The money when deposited must be designated as "trust funds" or "escrow accounts" or under some other appropriate name indicating that the money is not the money of the licensee.  (Added to NRS by 2007, 3107)
NV Rev Stat § 645G.360 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.360 - Exchange funds not subject to execution or attachment; commingling prohibited.

  1. Exchange funds are not subject to execution or attachment on any claim against the licensee.  2. A licensee shall not knowingly keep or cause to be kept any money in any bank, credit union or other financial institution under any name designating the money as belonging to the clients of any licensee, unless the money belongs to the client and was actually entrusted to the licensee by the client.  (Added to NRS by 2007, 3108)
NV Rev Stat § 645G.400 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.400 - Deposit of money received by Commissioner.

Except as otherwise provided in NRS 645G.220 and 645G.410, all money received by the Commissioner pursuant to this chapter must be deposited in the State Treasury pursuant to the provisions of NRS 658.091.  (Added to NRS by 2007, 3108)
NV Rev Stat § 645G.410 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.410 - Deposit and use of money received by Division from civil penalty.

The Division shall deposit any money it receives from a civil penalty imposed pursuant to NRS 205.960 and 645G.900 with the State Treasurer for credit to a separate account in the State General Fund. The Division shall expend at least 75 percent of the money so received to pay administrative costs related to:  1. The licensing of exchange facilitators; and  2. Any program it develops to supply information regarding exchange facilitators to the public.  Any remaining money may be used by the Division to reimburse residents of Nevada for financial losses caused by the illegal conduct of an exchange facilitator.  (Added to NRS by 1993, 2020; A 2007, 3120) — (Substituted in revision for NRS 645.6085)
NV Rev Stat § 645G.500 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.500 - Investigation of actions of exchange facilitators and other persons.

The Commissioner or the Division may investigate the actions of any exchange facilitator or any person who acts in any such capacity within this State.  (Added to NRS by 2007, 3108)
NV Rev Stat § 645G.505 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.505 - Division to maintain records of complaints, investigations and denials of applications.

The Division shall maintain a public docket or other record in which it shall record from time to time as made:  1. The rulings or decisions upon all complaints filed with the Division concerning an exchange facilitator.  2. All investigations instituted by the Commissioner or the Division in the first instance, upon or in connection with which any hearing has been held, or in which the licensee charged has made no defense.  3. Denials of applications made to the Division for licensing.  (Added to NRS by 2007, 3108)
NV Rev Stat § 645G.510 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.510 - Confidentiality of certain records of Division; exception.

  1. Except as otherwise provided in this section and NRS 239.0115, a complaint filed with the Division alleging a violation of this chapter, all documents and other information filed with the complaint and all documents and other information compiled as a result of an investigation conducted to determine whether to initiate disciplinary action are confidential.  2. A complaint or other document filed with the Division to initiate disciplinary action and all documents and information considered by the Division when determining whether to impose discipline are public records.  (Added to NRS by 2007, 3109)
NV Rev Stat § 645G.515 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.515 - Authorized disciplinary action; grounds; orders imposing discipline deemed public records; payment of costs incurred by Division.

  1. The Commissioner may require a licensee to pay an administrative fine of not more than $200 per day for each violation the licensee commits or may suspend, revoke, deny the renewal of or place conditions upon the license, or impose any combination of those actions, at any time if:  (a) The licensee, by false or fraudulent representation, obtained a license.  (b) The licensee, whether or not acting as such, is found guilty of:  (1) Making any material misrepresentation.  (2) Making any false promises of a character likely to influence, persuade or induce.  (c) The licensee has failed, within a reasonable time, to account for or to remit any money which comes into his or her possession or under his or her control and which belongs to others.  (d) The licensee has engaged in any fraudulent act.  (e) The licensee, or an owner, officer, director or employee of a licensee, is found guilty of any crime involving fraud, misrepresentation, deceit, embezzlement, misappropriation of money, robbery or theft.  (f) The licensee has failed to fulfill a contractual duty to deliver property or money, unless the failure to deliver such property or money is beyond the control of the licensee.  (g) A receiver or conservator is appointed to take control of the assets of a licensee.  (h) The licensee is dissolved.  (i) The licensee is bankrupt.  (j) The licensee fails to maintain, for review and audit by the Division, each agreement governed by the provisions of this chapter and entered into by the licensee.  (k) The licensee violates any provision of this chapter or any regulations adopted pursuant thereto.  2. An order that imposes discipline and the findings of fact and conclusions of law supporting that order are public records.  3. In addition to any action set forth in subsection 1, the Division may, if it determines that an applicant for a license or a licensee has committed any of the acts set forth in subsection 1, after notice and a hearing required by law, require the applicant or licensee to pay the costs incurred by the Division to conduct any related investigation or hearing.  (Added to NRS by 2007, 3109)
NV Rev Stat § 645G.520 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.520 - Limitations on suspension and reissuance of license after revocation.

  1. The Division shall not suspend the license of a licensee pursuant to NRS 645G.515 for more than 2 years.  2. After the revocation of any license by the Commissioner as provided in this chapter, no new license may be issued to the same licensee within 2 years after the date of the revocation and then only provided that the licensee satisfies all the requirements for an original license.  (Added to NRS by 2007, 3109)
NV Rev Stat § 645G.525 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.525 - Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license. [Effective until 2 years after 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 Division 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 an exchange facilitator, the Division 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 Division receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person who is licensed as an exchange facilitator stating that the person has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.  2. The Division shall reinstate the license of an exchange facilitator that has been suspended by a district court pursuant to NRS 425.540 if the Division 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 1997, 2165; A 2005, 2807; 2007, 3118) — (Substituted in revision for NRS 645.6069)
NV Rev Stat § 645G.530 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.530 - Investigations, disciplinary or other proceedings, fines and penalties not affected by expiration, revocation or voluntary surrender of license.

The expiration or revocation of a license by operation of law or by order or decision of the Division or a court of competent jurisdiction, or the voluntary surrender of a license does not:  1. Prohibit the Commissioner or the Division from initiating or continuing an investigation of, or action or disciplinary proceeding against, the exchange facilitator as authorized pursuant to the provisions of this chapter or the regulations adopted pursuant thereto; or  2. Prevent the imposition or collection of any penalty authorized pursuant to the provisions of this chapter or the regulations adopted pursuant thereto against the exchange facilitator.  (Added to NRS by 2007, 3110)
NV Rev Stat § 645G.535 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.535 - Revocation, suspension or denial of renewal of license: Complaint; notice of hearing.

  1. The procedure set forth in this section and NRS 645G.540 must be followed before the Division revokes, suspends or denies the renewal of any license issued pursuant to this chapter.  2. Upon the initiation of a complaint by the Division, the matter must be set for a hearing by the Commissioner, who shall schedule a hearing before the Commissioner, and the licensee is entitled to be heard thereon in person or by counsel.  3. The Commissioner shall hold the hearing within 90 days after the filing of a complaint by the Division. The time of the hearing may be continued at the discretion of the Commissioner or upon the written request of the licensee or of the Division for good cause shown.  4. The licensee must be given at least 30 days’ notice in writing by the Division of the date, time and place of the hearing, together with a copy of the complaint and copies of all communications, reports, affidavits or depositions in possession of the Division relevant to the complaint. The Division may present evidence obtained after the notice only if the Division shows that the evidence was not available after diligent investigation before the time notice was given to the licensee and that the evidence was given or communicated to the licensee immediately after it was obtained.  5. Notice is complete upon delivery personally to the licensee or by mailing by certified mail to the last known address of the licensee.  (Added to NRS by 2007, 3110)
NV Rev Stat § 645G.540 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.540 - Revocation, suspension or denial of renewal of license: Answer; limitations on time of commencing proceeding.

  1. The licensee shall file an answer to the charges with the Commissioner not later than 30 days after service of the notice and other documents described in subsection 4 of NRS 645G.535. The answer must contain an admission or denial of the allegations contained in the complaint and any defenses upon which the licensee will rely. If no answer is filed within the time limit described in this subsection, the Division may, after notice to the licensee served in the manner authorized in subsection 5 of NRS 645G.535, move for the entry of a default against the licensee.  2. The answer may be served by delivery to the Division, or by mailing the answer by certified mail to the principal office of the Division.  3. No proceeding to suspend, revoke or deny the renewal of any license may be maintained unless it is commenced by the giving of notice to the licensee within 3 years of the time of the act charged, whether of commission or omission, except:  (a) If the charges are based upon a misrepresentation or failure to disclose, the period does not commence until the discovery of facts which do or should lead to the discovery of the misrepresentation or failure to disclose; and  (b) Whenever any action or proceeding is instituted to which the Division or the licensee is a party and which involves the conduct of the licensee in the transaction with which the charges are related, the running of the 3-year period with respect to the institution of a proceeding pursuant to this chapter to suspend, revoke or deny the renewal of the license is suspended during the pendency of the action or proceeding.  (Added to NRS by 2007, 3110)
NV Rev Stat § 645G.545 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.545 - Revocation, suspension or denial of renewal of license: Hearing; transcript.

The hearing on the charges must be held at such time and place as the Commissioner prescribes. At the hearing, a stenographic transcript of the proceedings must be made if requested or required for judicial review. Any party to the proceedings desiring a transcript must be furnished with a copy upon payment to the Division of the reasonable cost of transcription.  (Added to NRS by 2007, 3111)
NV Rev Stat § 645G.550 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.550 - Power of Commissioner to administer oaths, certify acts and issue subpoenas; service of process.

  1. The Commissioner shall have the power to administer oaths, certify to all official acts, and issue subpoenas for attendance of witnesses and the production of books and papers.  2. In any hearing or investigation in any part of the State, the process issued by the Commissioner shall extend to all parts of the State and may be served by any person authorized to serve process of courts of record. The person serving any such process shall receive such compensation as may be allowed by the Commissioner, not to exceed the fees prescribed by law for similar service, and such fees must be paid in the same manner as provided in NRS 645G.555 for the payment of the fees of witnesses.  (Added to NRS by 2007, 3111)
NV Rev Stat § 645G.555 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.555 - Fees and mileage for witness.

  1. Each witness who appears by order of the Commissioner is entitled to receive for his or her attendance the same fees and mileage allowed by law to a witness in civil cases, which amount must be paid by the party at whose request the witness is subpoenaed.  2. When any witness not otherwise required to attend is subpoenaed by the Commissioner, his or her fees and mileage must be paid by the Division.  (Added to NRS by 2007, 3111)
NV Rev Stat § 645G.560 (2021)
2021 Nevada Revised Statutes|Chapter 645G - Exchange Facilitators|NRS 645G.560 - Enforcement of subpoenas.

  1. The district court in and for the county in which any hearing may be held shall have the power to compel the attendance of witnesses, the giving of testimony and the production of books and papers as required by any subpoena issued by the Commissioner.  2. In case of the refusal of any witness to attend or testify or produce any papers required by such subpoena, the Commissioner may report to the district court in and for the county in which the hearing is pending by petition, setting forth:  (a) That due notice has been given of the time and place of attendance of the witness or the production of the books and papers;  (b) That the witness has been subpoenaed in the manner prescribed in this chapter; and  (c) That the witness has failed and refused to attend or produce the papers required by subpoena before the Commissioner in the cause or proceeding named in the subpoena, or has refused to answer questions propounded to him or her in the course of such hearing,  and asking an order of the court compelling the witness to attend and testify or produce the books or papers before the Commissioner.  3. The court, upon petition of the Commissioner, shall enter an order directing the witness to appear before the court at a time and place to be fixed by the court in such order, the time to be not more than 10 days from the date of the order, and then and there show cause why the witness has not attended or testified or produced the books or papers before the Commissioner. A certified copy of the order shall be served upon the witness. If it shall appear to the court that the subpoena was regularly issued by the Commissioner, the court shall thereupon enter an order that the witness appear before the Commissioner at the time and place fixed in the order and testify or produce the required books or papers, and upon failure to obey the order, the witness shall be dealt with as for contempt of court.  (Added to NRS by 2007, 3111)