Section 604A.080 - Grounds for revocation or suspension of license The grounds for revocation or suspension of a license, in addition to the grounds set forth in NRS 604A.820, are that the licensee:
1. Is insolvent or in such financial condition that he cannot continue his business and ensure the financial safety of his customers;2. Issues a check to a customer that is not paid upon presentment because the account of the licensee contains insufficient funds or has been closed or the licensee has stopped payment on the check;3. Is grossly negligent or incompetent in performing any act for which he is required to have a license;4. Does not conduct his business in accordance with law;5. Makes a material misrepresentation of fact or fails to disclose a material fact that he knows or should have known concerning a transaction governed by this chapter and chapter 604A of NRS;6. Knowingly makes or causes to be made to the Commissioner any false representation of material fact;7. Suppresses or withholds from the Commissioner any information that the licensee possesses concerning the existence of a fact or condition which would have justified the Commissioner in denying the licensee's original application for a license;8. Refuses to submit to an audit, examination, investigation or hearing ordered by the Commissioner;9. Fails to provide the Commissioner with any information requested by the Commissioner pursuant to this chapter or chapter 604A of NRS;10. Fails to pay any fees or assessments imposed on him pursuant to this chapter or chapter 604A of NRS, or NRS 658.055 or 658.098;11. Fails to maintain the surety bond as set forth in NRS 604A.610, or the security in lieu of a surety bond as set forth in NRS 604A.615; or12. Engages in any other conduct that constitutes a deceitful, fraudulent or dishonest business practice, including, without limitation, a deceptive trade practice as defined in chapter 598 of NRS.Nev. Admin. Code § 604A.080
Added to NAC by Comm'r of Financial Institutions by R150-05, eff. 12-29-2005