Nev. Admin. Code § 365.190 — 365.190

NAC 365.190    Review upon notification of cancellation of surety bond;
notification of dealer or supplier; revocation of license upon failure to
provide security. ( NRS
365.110 , 365.130 , 365.290 ,
365.310 )
1.  If the Department is notified that a
surety bond of a dealer or supplier has been or may be cancelled, the
Department will, to determine the amount of security the dealer or supplier
must provide, review the monthly tax returns of the dealer or supplier:
(a) For the 24 months immediately preceding the
review; or
(b) If the dealer or supplier has been in business
less than 24 months, for the period he or she has operated his or her business.
2.  Within 15 days after the Department
receives a notice that a surety bond specified in subsection 1 has been or may
be cancelled, the Department will notify the dealer or supplier of the amount
of security required to retain his or her license. If the dealer or supplier
fails to provide the security required by the Department within 15 days after
receiving a notice from the Department setting forth the amount of security
required, the Department will revoke the license of the dealer or supplier.
(Added to NAC by Dep’t of Motor Veh. by R105-01, 12-17-2001,
eff. 1-1-2002)
COLLECTION AND PAYMENT