Nev. Admin. Code § 361.938 — 361.938

NAC 361.938    Payment in annual installments: Remittance of payments; default. ( NRS 361.900 , 361.920 )
1.  If
a titleholder chooses to pay in annual installments, the titleholder shall
remit payments pursuant to the installment agreement on the dates and in the
amounts set forth in the schedule for participation and payment provided to the
titleholder by the State Treasurer.
2.  If a titleholder fails to remit a payment
required by the installment agreement within 30 days after the due date, the
titleholder shall be deemed to be in default of the installment agreement.
3.  If a titleholder is deemed to be in
default, the State Treasurer will so notify the titleholder and:
(a) Prepare a refund in the manner and subject to
the provisions set forth in NRS
361.900 for a refund upon the rescission of an installment agreement; and
(b) Remit the refund to the titleholder within 90
days.
4.  A titleholder who is deemed to be in
default may reapply for allodial title in the future in accordance with NRS 361.900 and NAC 361.900 to 361.958 , inclusive.
(Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001)