Nev. Admin. Code § 361.928 - Consequences of fraudulent misrepresentation or omission of information relating to application or installment agreement
1. If
the State Treasurer determines that a titleholder has fraudulently
misrepresented or omitted any information relating to an application or
installment agreement, the State Treasurer may deny the application, cancel the
installment agreement or revoke the certificate.
2. If the State Treasurer cancels the
installment agreement, 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.
3. If the State Treasurer revokes the
certificate, 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 361.915 for a
refund upon the relinquishment of allodial title; and
(b) Remit the refund to the titleholder
within 90 days.
Notes
NRS 361.900, 361.920
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