NRS119A.652. Inspections by Division; penalty for failure to cooperate; regulations.

Latest version.

      1. The Division shall regularly inspect the files of transactions, records of trusts and relevant accounts of all project brokers and developers.

      2. If a project broker or developer fails to allow or cooperate fully with such an inspection, the Division may:

      (a) Impose a fine or suspend or revoke the license or permit of the project broker or developer; or

      (b) Deny the renewal of the license of the project broker.

      3. The Division shall adopt regulations specifying the procedure for such inspections.

(Added to NRS by 1985, 1134; A 2001, 530)

                    
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