reglab/housing_qa huggingface dataset:
NV Rev Stat § 645H.490 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.490 - Certificate of registration: Maintenance of insurance or acting as self-insurer; minimum limits of liability; proof.

  1. Before issuing any certificate of registration or annual renewal thereof, the Division shall require satisfactory proof that the asset management company:  (a) Is covered by a policy of insurance written by an insurance company authorized to do business in this State which is sufficient to reimburse real property owners for, without limitation, any damage to real property in foreclosure, the wrongful disposal of property or wrongful eviction; or  (b) Possesses and will continue to possess sufficient means to act as a self-insurer against that liability.  2. Every asset management company shall maintain the policy of insurance or self-insurance required by this section. The registration of every such asset management company is automatically suspended 10 days after receipt by the asset management company of a notice from the Division that the required insurance is not in effect, unless satisfactory proof of insurance is provided to the Division within that period.  3. Proof of insurance or self-insurance must be in such a form as the Division may require.  (Added to NRS by 2011, 2823)
NV Rev Stat § 645H.500 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.500 - Certificate of registration: Expiration; renewal.

A certificate of registration issued pursuant to this chapter expires each year on the date of its issuance, unless it is renewed. To renew the certificate of registration, the registrant must submit to the Division on or before the expiration date:  1. An application for renewal;  2. The fee required to renew the certificate of registration pursuant to NRS 645H.560; and  3. All information required to complete the renewal.  (Added to NRS by 2011, 2825)
NV Rev Stat § 645H.510 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.510 - Asset management company that is not natural person to designate natural person as qualified employee.

  1. If an asset management company is not a natural person, the company must designate a natural person as a qualified employee to act on behalf of the asset management company.  2. As used in this section, "qualified employee" means:  (a) A director, officer, member, employee, manager or trustee of a partnership, corporation or limited-liability company designated by the partnership, corporation or limited-liability company to act on the behalf of the partnership, corporation or limited-liability company; or  (b) A person designated by a sole proprietorship who satisfies the requirements set forth in subsection 2 of NRS 645H.480.  (Added to NRS by 2011, 2824)
NV Rev Stat § 645H.520 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.520 - Authorized services of asset management company; manner in which asset management company may dispose of certain personal property; resolution of disputes.

  1. Subject to the provisions of NRS 645H.770, the services an asset management company may provide include, without limitation:  (a) Securing real property in foreclosure once it has been determined to be abandoned and all notice provisions required by law have been complied with;  (b) Providing maintenance for real property in foreclosure, including landscape and pool maintenance;  (c) Cleaning the interior or exterior of real property in foreclosure;  (d) Providing repair or improvements for real property in foreclosure; and  (e) Removing trash and debris from real property in foreclosure and the surrounding property.  2. An asset management company may dispose of personal property abandoned on the premises of a residence in foreclosure or left on the premises after the eviction of a homeowner or a tenant of a homeowner without incurring civil or criminal liability in the following manner:  (a) The asset management company shall reasonably provide for the safe storage of the property for 30 days after the abandonment or eviction and may charge and collect the reasonable and actual costs of inventory, moving and storage before releasing the property to the homeowner or the tenant of the homeowner or his or her authorized representative rightfully claiming the property within that period. The asset management company is liable to the homeowner or the tenant of the homeowner only for the asset management company’s negligent or wrongful acts in storing the property.  (b) After the expiration of the 30-day period, the asset management company may dispose of the property and recover his or her reasonable costs from the property or the value thereof if the asset management company has made reasonable efforts to locate the homeowner or the tenant of the homeowner, has notified the homeowner or the tenant of the homeowner in writing of his or her intention to dispose of the property and 14 days have elapsed since the notice was given to the homeowner or the tenant of the homeowner. The notice must be mailed to the homeowner or the tenant of the homeowner at the present address of the homeowner or the tenant of the homeowner and, if that address is unknown, then at the last known address of the homeowner or the tenant of the homeowner.  (c) Vehicles must be disposed of in the manner provided in chapter 487 of NRS for abandoned vehicles.  3. Any dispute relating to the amount of the costs claimed by the asset management company pursuant to paragraph (a) of subsection 2 may be resolved using the procedure provided in subsection 7 of NRS 40.253.  (Added to NRS by 2011, 2829)
NV Rev Stat § 645H.530 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.530 - Permit to engage in asset management: Application; fee.

  1. A person in this State who is employed or independently contracted as an asset manager by an asset management company shall apply to the Division for a permit to engage in asset management and pay a fee of $75 for the issuance of the permit.  2. An applicant for a permit must:  (a) At his or her own expense:  (1) Arrange to have a complete set of fingerprints taken by a law enforcement agency or other authorized entity acceptable to the Division; and  (2) Submit to the Division:  (I) A completed fingerprint card and written permission authorizing the Division to submit the applicant’s fingerprints to the Central Repository for Nevada Records of Criminal History for submission to the Federal Bureau of Investigation for a report on the applicant’s background and to such other law enforcement agencies as the Division deems necessary; or  (II) Written verification, on a form prescribed by the Division, stating that the fingerprints of the applicant were taken by a law enforcement agency or other authorized entity and directly forwarded by electronic or other means to the Central Repository and that the applicant has given written permission to the law enforcement agency or other authorized entity to submit the fingerprints to the Central Repository for submission to the Federal Bureau of Investigation for a report on the applicant’s background and to such other law enforcement agencies as the Division deems necessary;   (b) Submit to the Division a signed statement attesting that the applicant has read and understands the provisions of NRS 645H.520 and 645H.680 to 645H.770, inclusive; and  (c) Comply with all other requirements established by the Division for the issuance of a permit.  3. The Division may:  (a) Unless the applicant’s fingerprints are forwarded pursuant to sub-subparagraph (II) of subparagraph (2) of paragraph (a) of subsection 2, submit those fingerprints to the Central Repository for submission to the Federal Bureau of Investigation and to such other law enforcement agencies as the Division deems necessary; and  (b) Request from each such agency any information regarding the applicant’s background as the Division deems necessary.  (Added to NRS by 2011, 2825)
NV Rev Stat § 645H.540 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.540 - Permit to engage in asset management: Expiration and renewal.

A permit issued pursuant to NRS 645H.530 expires 1 year after the date of issuance, unless it is renewed. To renew the permit, the registrant must submit to the Division on or before the date of expiration:  1. An application for renewal;  2. A fee of $75; and  3. All information required to complete the renewal.  (Added to NRS by 2011, 2826)
NV Rev Stat § 645H.550 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.550 - Payment of child support: Submission of certain information by applicant; grounds for denial of certificate of registration or permit; duty of Division. [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 set forth in this chapter, an applicant for the issuance of a certificate of registration as an asset management company or a permit to engage in asset management shall:  (a) Include the social security number of the applicant in the application submitted to the Division.  (b) Submit to the Division 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 Division 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 certificate of registration or permit; or  (b) A separate form prescribed by the Division.  3. A certificate of registration or permit may not be issued or renewed by the Division pursuant to this chapter 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 Division 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 2011, 2824; A 2013, 3823)
NV Rev Stat § 645H.550 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.550 - Payment of child support: Submission of certain information by applicant; grounds for denial of certificate of registration or permit; duty of Division. [Effective on 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 and expires by limitation 2 years after that date.]

  1. In addition to any other requirements set forth in this chapter, an applicant for the issuance of a certificate of registration as an asset management company or a permit to engage in asset management shall submit to the Division 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 Division 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 certificate of registration or permit; or  (b) A separate form prescribed by the Division.  3. A certificate of registration or permit may not be issued or renewed by the Division pursuant to this chapter 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 Division 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 2011, 2824; A 2011, 2833; 2013, 3823, effective on 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)
NV Rev Stat § 645H.560 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.560 - Fees.

  1. A person must pay the following fees for the issuance or renewal of a certificate of registration as an asset management company:  (a) For the issuance of a certificate of registration, an application fee of $2,000 for the principal office and a fee of $500 for the issuance of the initial certificate of registration.  (b) For the renewal of a certificate of registration, a fee of $500.  2. The following fees must be charged by and paid to the Division: For each issuance of a duplicate registration or permit..................................... $50 For each change in the name or location of a business....................................... 20 For each change in the name or business address of a holder of a permit....... 20  (Added to NRS by 2011, 2825)
NV Rev Stat § 645H.670 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.670 - Authority of Administrator to conduct certain investigations; authority of Division to take certain disciplinary actions.

  1. The Administrator may investigate the actions of any asset management company or asset manager or any person who acts in any such capacity within this State.  2. The provisions of this chapter do not limit the authority of the Division to take disciplinary action against a registered asset management company or permit holder for a violation of any of the provisions of this chapter or any regulation adopted pursuant to this chapter, nor does the payment in full of all obligations through any insurance proceeds nullify or modify the effect of any other disciplinary proceeding brought pursuant to the provisions of this chapter or any regulation adopted pursuant to this chapter.  (Added to NRS by 2011, 2826)
NV Rev Stat § 645H.680 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.680 - Hearing officers.

In any proceeding pursuant to this chapter, the Administrator may appoint hearing officers from the Department of Business and Industry who shall act as his or her agents and conduct any hearing or investigation which may be conducted by the Administrator pursuant to the provisions of this chapter.  (Added to NRS by 2011, 2831)
NV Rev Stat § 645H.690 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.690 - Service of process: Irrevocable consent; effect of failure to file consent; method; use; effect on continuances.

  1. An applicant for a certificate of registration pursuant to NRS 645H.480 or a permit pursuant to NRS 645H.530 shall file with the Division, on a form prescribed by a regulation adopted by the Division, an irrevocable consent appointing the Administrator as his or her agent for service of process in a noncriminal proceeding against the applicant, a successor or personal representative which arises under this chapter or a regulation adopted pursuant to this chapter after the consent is filed, with the same force and validity as if served personally on the person filing the consent.  2. A person who has filed an irrevocable consent in accordance with subsection 1 in connection with a previous application for a certificate of registration or permit is not required to file an additional consent.  3. If a person, including a nonresident of this State, engages in conduct prohibited or made actionable by this chapter or a regulation adopted pursuant to this chapter and the person has not filed an irrevocable consent to service of process in accordance with subsection 1, engaging in the conduct constitutes the appointment of the Administrator as the person’s agent for service of process in a noncriminal proceeding against the person, a successor or personal representative which arises out of the conduct.  4. Service under subsection 1 or 3 may be made by leaving a copy of the process in the Office of the Administrator, but it is not effective unless:  (a) The plaintiff, who may be the Administrator, sends notice of the service and a copy of the process by registered or certified mail, return receipt requested, to the defendant or respondent at the address set forth in the consent to service of process or, if no consent to service of process has been filed, at the last known address, or takes other steps which are reasonably calculated to give actual notice; and  (b) The plaintiff files an affidavit of compliance with this subsection in the proceeding on or before the return day of the process, if any, or within such further time as the court, or the Administrator in a proceeding before the Administrator, allows.  5. Service as provided in subsection 4 may be used in a proceeding before the Administrator or by the Administrator in a proceeding in which the Administrator is the moving party.  6. If the process is served under subsection 4, the court, or the Administrator in a proceeding before the Administrator, may order continuances as may be necessary to afford the defendant or respondent a reasonable opportunity to defend.  (Added to NRS by 2011, 2830)
NV Rev Stat § 645H.705 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.705 - Administrative fine for engaging in certain conduct without certificate of registration, permit or other authorization; procedure for imposition of fine; judicial review; exceptions.

  1. In addition to any other remedy or penalty, the Division may impose an administrative fine against any person who knowingly:  (a) Engages or offers to engage in any activity for which a certificate of registration or permit or any other authorization is required pursuant to this chapter, or any regulation adopted pursuant thereto, if the person does not hold the required certificate of registration or permit or has not received the required authorization; or  (b) Assists or offers to assist another person in the commission of a violation described in paragraph (a).  2. If the Division imposes an administrative fine against a person pursuant to this section, the amount of the administrative fine must not exceed the amount of any gain or economic benefit that the person derived from the violation or $5,000, whichever is greater.  3. In determining the appropriate amount of the administrative fine, the Division shall consider:  (a) The severity of the violation and the degree of any harm that the violation caused to other persons;  (b) The nature and amount of any gain or economic benefit that the person derived from the violation;  (c) The person’s history or record of other violations; and  (d) Any other facts or circumstances that the Division deems to be relevant.  4. Before the Division may impose the administrative fine, the Division must provide the person with notice and an opportunity to be heard.  5. The person is entitled to judicial review of the decision of the Division in the manner provided by chapter 233B of NRS.  6. The provisions of this section do not apply to a person who engages or offers to engage in activities within the provisions of this chapter if:  (a) A specific statute exempts the person from complying with the provisions of this chapter with regard to those activities; and  (b) The person is acting in accordance with the exemption while engaging or offering to engage in those activities.  (Added to NRS by 2011, 2821) — (Substituted in revision for NRS 645H.340)
NV Rev Stat § 645H.710 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.710 - Disciplinary or other action for failure to pay money owed to Division.

In addition to any other remedy or penalty, the Division may:  1. Refuse to issue a certificate of registration or permit to a person who has failed to pay any money which the person owes to the Division.  2. Refuse to renew, or suspend or revoke, the certificate of registration or permit of a person who has failed to pay that money.  (Added to NRS by 2011, 2828)
NV Rev Stat § 645H.720 (2021)
2021 Nevada Revised Statutes|Chapter 645H - Asset Management Companies and Asset Managers|NRS 645H.720 - Suspension of certificate of registration or permit for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of certificate of registration or permit. [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 holder of a certificate of registration or permit, the Division shall deem the certificate of registration or permit to be suspended at the end of the 30th day after the date the court order was issued unless the Division receives a letter issued to the holder of the certificate of registration or permit by the district attorney or other public agency pursuant to NRS 425.550 stating that the holder of the certificate of registration or permit has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.  2. The Division shall reinstate a certificate of registration or permit 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 holder of the certificate of registration or permit stating that the holder of the certificate of registration or permit has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.  (Added to NRS by 2011, 2828)