Nev. Admin. Code § 669A.220 - On-site examination: Company required to provide Division reasonable access to office; provision of information and documentation to Division; notice of incorrect or incomplete information or documentation; fee for failure to submit
1. A licensed
family trust company undergoing an on-site examination shall provide to the
Division reasonable access, as determined by the Commissioner, to its licensed
family trust company office during the examination and provide, at the time of
the examination and at the location of its licensed family trust company
office, 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 at the time of the on-site examination or fails to
comply with the provisions of subsection 2, the Commissioner may impose a fee
of $25 per day for each day after the on-site examination or the time period
set forth in subsection 2, as appropriate, that the licensed family trust
company has failed to provide the required information or
documentation.
Notes
NRS 669A.270, 669A.290
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.