Nev. Admin. Code § 669A.210 - Off-site examination: Submission of information and documentation to Division; notice of incorrect or incomplete information or documentation; consequences for late submission
1. A licensed
family trust company undergoing an off-site examination shall submit, within
the time period set forth in the notice of examination provided pursuant to
section 21 of this regulation, all information and documentation required for
the examination.
2. If the Division
determines that incorrect or incomplete information or documentation has been
submitted pursuant to subsection 1, the Division will notify the licensed
family trust company of the information or documentation that must be provided
to complete or correct the initial submission. The licensed family trust
company shall provide the information required by the Division pursuant to this
subsection within 45 days after the Division issues a notice pursuant to this
subsection unless the Commissioner extends the time period for a response for
good cause.
3. If a licensed family
trust company fails to submit the information and documentation required
pursuant to subsection 1 within the time period set forth in the notice of
examination or fails to comply with the provisions of subsection 2, the
Commissioner may:
(a) Impose a fee of $25 per
day for each day after the time period set forth in the notice of examination
or in subsection 2, as appropriate, that the licensed family trust company has
failed to provide the required information or documentation; or
(b) Require the licensed family trust company
to undergo an on-site examination.
Notes
NRS 669A.270, 669A.290
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