Nev. Admin. Code § 645F.285

Current through October 11, 2024
Section 645F.285 - Closure of principal or branch office
1. A licensee may not surrender his or her license or close his or her principal office or a branch office until the Commissioner has approved the surrender or closure.
2. The request for approval of the surrender of the license or closure of the principal office or a branch office must be submitted in a format prescribed by the Commissioner and contain the following information:
(a) The status of any incomplete contracts for covered services and the manner in which they will be finalized;
(b) An accounting of any trust account maintained by the licensee and the plan for distribution of money in the account;
(c) If any person employed by or otherwise associated with the licensee has been terminated from such employment or association, evidence of the termination; and
(d) The location within or outside of this State where records of the licensee will be maintained.

Nev. Admin. Code § 645F.285

Added to NAC by Comm'r of Mortgage Lending by R052-09, eff. 8-25-2009; A by R070-23A, eff. 1/5/2024

NRS 645F.255, 645F.390