NRS689.490. Permit: Application and supporting documents; fees.  


Latest version.
  •       1.  The proposed seller, or the appropriate corporate officer of the seller, shall apply in writing to the Commissioner for a seller’s permit, showing:

          (a) The proposed seller’s name and address and his or her occupations during the preceding 5 years;

          (b) The name and address of the proposed trustee;

          (c) The names and addresses of the proposed performers, specifying what particular services, supplies and equipment each performer is to furnish under the proposed prepaid contract; and

          (d) Such other pertinent information as the Commissioner may reasonably require.

          2.  The application must be accompanied by:

          (a) A copy of the proposed trust agreement and a written statement signed by an authorized officer of the proposed trustee to the effect that the proposed trustee understands the nature of the proposed trust fund and accepts it;

          (b) A copy of each contract or understanding, existing or proposed, between the seller and performers relating to the proposed prepaid contract or items to be supplied under it;

          (c) A certified copy of the articles of incorporation and the bylaws of any corporate applicant;

          (d) A copy of any other document relating to the proposed seller, trustee, trust, performer or prepaid contract, as required by the Commissioner; and

          (e) The applicable fee established in NRS 680B.010, which is not refundable, and, in addition to any other fee or charge, all applicable fees required pursuant to NRS 680C.110.

          3.  A natural person who is a resident of this State must, as part of his or her application and at the applicant’s own expense:

          (a) Arrange to have a complete set of his or her fingerprints taken by a law enforcement agency or other authorized entity acceptable to the Commissioner; and

          (b) Submit to the Commissioner:

                 (1) A completed fingerprint card and written permission authorizing the Commissioner 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 Commissioner deems necessary; or

                 (2) Written verification, on a form prescribed by the Commissioner, stating that the fingerprints of the applicant were taken and directly forwarded electronically or by another means to the Central Repository and that the applicant has given written permission to the law enforcement agency or other authorized entity taking the fingerprints 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 Commissioner deems necessary.

          4.  The Commissioner may:

          (a) Unless the applicant’s fingerprints are directly forwarded pursuant to subparagraph (2) of paragraph (b) of subsection 3, submit those fingerprints to the Central Repository for submission to the Federal Bureau of Investigation and to such other law enforcement agencies as the Commissioner deems necessary; and

          (b) Request from each such agency any information regarding the applicant’s background as the Commissioner deems necessary.

      (Added NRS by 1987, 1252; A 1993, 2617; 2003, 2869; 2009, 1808; 2011, 3379)