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Code · Nevada · CHAPTER 645G - EXCHANGE FACILITATORS

NRS 645G.410 Deposit and use of money received by Division from civil penalty.

118 words·~1 min read·/nv/chapter-645g-exchange-facilitators/645g-410·

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NRS 645G.410 Deposit and use of money received by Division from civil penalty. The Division shall deposit any money it receives from a civil penalty imposed pursuant to NRS 205.960 and 645G.900 with the State Treasurer for credit to a separate account in the State General Fund. The Division shall expend at least 75 percent of the money so received to pay administrative costs related to:
1. The licensing of exchange facilitators; and
2. Any program it develops to supply information regarding exchange facilitators to the public.
Ê Any remaining money may be used by the Division to reimburse residents of Nevada for financial losses caused by the illegal conduct of an exchange facilitator.
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