NRS 228.332 Consumer Protection Administrative Account: Creation; deposits; reversion of certain excess to Consumer Protection Legal Account.
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NRS 228.332 Consumer Protection Administrative Account: Creation; deposits; reversion of certain excess to Consumer Protection Legal Account.
1. The Consumer Protection Administrative Account is hereby created in the Bureau of Consumer Protection.
2. Except as otherwise provided in this section, all money collected from attorney’s fees and costs, after reimbursement to retained attorneys or law firms in any matter including attorney’s fees and costs in a matter that is the subject of a contingent fee contract pursuant to NRS 228.1116 , and from all recoveries, except recoveries of restitution, recoveries made with the use of retained attorneys or law firms in any matter that is the subject of a contingent fee contract pursuant to NRS 228.1116 , or otherwise directed by a court order from the administration and enforcement of chapters 598 and 598A of NRS, must be deposited into the Account.
3. On June 30 and December 31 of each year, and at any other time in the discretion of the Consumer’s Advocate, any amount in excess of $500,000 in the Account reverts to the Consumer Protection Legal Account created by NRS 228.333 .