Regulations regarding charging and collecting of costs incurred in connection with certain investigations; grounds for disciplinary action

1. The Board shall adopt regulations governing the charging and collecting of costs incurred in connection with a specified investigation pursuant to subsection 5 of NRS 678B.390. The regulations must: (a) Require the Board, before the commencement of the investigation, to provide a licensee or an applicant an estimate of the anticipated costs of the investigation; (b) Require the Board to provide to a licensee or an applicant an itemized list of the costs incurred in the investigation and set forth timelines for the provision of such an itemized list; (c) Establish procedures by which a licensee or an applicant may request from the Board documentation prepared by any agent of the Board conducting the investigation relating to the costs of the investigation; and (d) Establish a process by which a licensee or an applicant may appeal to the Board and request a reduction of the total amount charged for the investigation if the total amount charged exceeds the estimate of the anticipated costs provided to the licensee or applicant by 25 percent or more. 2. Failure of a licensee or an applicant to pay the costs charged by the Board pursuant to subsection 5 of NRS 678B.390 when due is grounds for disciplinary action, except that the Board may not refuse to issue or renew a license or deny a request for a transfer of interest, approval or waiver for the failure to pay such costs.