Section 645F.991 - Summary suspension of license: Issuance of order; hearing; record1. After an investigation has been conducted pursuant to section 46 of this regulation and before conducting a hearing, the Commissioner may issue an order summarily suspending a license pursuant to subsection 3 of NRS 233B.127, based upon an affidavit by a person familiar with the facts set forth in the affidavit or, if appropriate, based upon an affidavit, on information and belief that an imminent threat of financial loss or imminent threat to the public welfare exists.2. Pursuant to a proceeding commenced under subsection 3 of NRS 233B.127, an administrative law hearings examiner shall grant a request to dissolve a summary suspension order unless the examiner finds that an imminent threat of financial loss or imminent threat to the public welfare exists which requires emergency action and continuation of the summary suspension order.3. The record created at the hearing of the summary suspension must become part of the record on the complaint at a subsequent hearing in a contested case.Nev. Admin. Code § 645F.991
Added to NAC by Comm'r of Mortgage Lending by R120-15, effective upon the later of 1/1/2016 or the date this regulation is filed with the Secretary of State.NRS 645F.255 and section 86.4 of Assembly Bill No. 480, chapter 477, Statutes of Nevada 2015, at page 2806