NRS 240A.125 Amount of bond for business entity.

242 words·~1 min read·/nv/chapter-240a-document-preparation-services/240a-125

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. A bond filed by a business entity pursuant to NRS 240A.123 on behalf of the employees and independent contractors of the business entity who are registered as a document preparation service must be in the penal sum of:

(a)If the business entity employs or contracts with 1 registrant to perform document preparation services, $25,000;

(b)If the business entity employs or contracts with at least 2 but not more than 25 registrants to perform document preparation services, $50,000;

(c)If the business entity employs or contracts with at least 26 but not more than 75 registrants to perform document preparation services, $75,000;

(d)If the business entity employs or contracts with at least 76 but not more than 125 registrants to perform document preparation services, $100,000;

(e)If the business entity employs or contracts with at least 126 but not more than 200 registrants to perform document preparation services, $150,000; and

(f)If the business entity employs or contracts with more than 200 registrants to perform document preparation services, $200,000.

2. For purposes of determining the amount of the bond required pursuant to subsection 1, the number of registrants employed or contracted by a business entity to perform document preparation services is the greatest number of registrants who will perform document preparation services for the business entity at any time during the year, including, without limitation, on a temporary or seasonal basis.