Nev. Rev. Stat. § 370.505 — Payment to wholesale dealer for cigarettes and other tobacco products purchased by retail dealer: Time for payment; prohibition of and penalty for extension of credit; investigations and hearings

NRS  370.505    Payment to wholesale dealer for cigarettes and other tobacco
products purchased by retail dealer: Time for payment; prohibition of and penalty
for extension of credit; investigations and hearings.
1.  A retail dealer shall pay a wholesale
dealer for all cigarettes and other tobacco products purchased from the
wholesale dealer:
(a) If the cigarettes or other tobacco products
were delivered to the retail dealer on or after the 1st day of the month but
before the 16th day of the month, on or before the 29th day of the same month;
and
(b) If the cigarettes or other tobacco products
were delivered to the retail dealer on or after the 16th day of the month but
before the 1st day of the next month, on or before the 14th day of the next
month.
2.  A wholesale dealer shall not extend
credit or otherwise allow a retail dealer to violate the provisions of
subsection 1.
3.  The Department may impose a penalty on
a wholesale dealer who violates the provisions of subsection 2 as follows:
(a) For the first violation, a penalty of $500.
(b) For a second or subsequent violation, if
paragraph (c) does not apply, a penalty of $1,000.
(c) For a third or subsequent violation within
any 12-month period, a penalty of $5,000 or suspension or revocation of the
license of the wholesale dealer, or both.
4.  Pursuant to a written complaint or upon
its own motion, the Department shall investigate an alleged violation of
subsection 2. The Department shall give notice to the alleged violator and
conduct a hearing, if warranted by the investigation. The Department may assess
a penalty pursuant to subsection 3, if it determines that the wholesale dealer
violated the provisions of subsection 2.