Nev. Rev. Stat. § 690D.230
Authority of Commissioner to issue cease and desist order; notice and hearing; fines
Nevada · Nevada Revised Statutes Chapter 690D — Guaranteed Asset Protection Waivers · Status: effective
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- Nev. Rev. Stat. § 690D.230, Authority of Commissioner to issue cease and desist order; notice and hearing; fines, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2148358
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Full text
Except as otherwise provided in NRS 690D.100:
1. The Commissioner may order any person, including, without limitation, a creditor or administrator, to cease and desist any conduct that violates any provision of this chapter.
2. A person who violates any provision of this chapter may, after a hearing conducted pursuant to NRS 679B.310 to 679B.370, inclusive, be assessed a civil penalty by the Commissioner of not more than $500 for each act or violation, not to exceed an aggregate amount of $10,000 for violations of a similar nature. For the purposes of this section, violations shall be deemed to be of a similar nature if the violations consist of the same or similar conduct, regardless of the number of times the conduct occurred.