Nevada § 489.4981 Automatic suspension of license upon court order requiring payment; conditions for reinstatement of license

Nevada Statutes

§ 489.4981 — Automatic suspension of license upon court order requiring payment; conditions for reinstatement of license

Nevada § 489.4981

Title 43PUBLIC SAFETY; VEHICLES; WATERCRAFT

Ch. 489Manufactured

CLAIMS AGAINST LICENSEES FROM ACCOUNT FOR HOUSING INSPECTION AND COMPLIANCE

This text of Nevada § 489.4981 (Automatic suspension of license upon court order requiring payment; conditions for reinstatement of license) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 489.4981 (2026).

Text

If the Administrator pays any amount in settlement of a claim or towards satisfaction of a judgment against a licensee from the Account, the license is automatically suspended upon the effective date of an order by the court authorizing payment from the Account. A licensee may not be granted reinstatement until the licensee has repaid in full, plus interest at the rate of 12 percent per annum, the amount paid from the Account on his or her behalf. Interest is to be computed from the date payment from the Account is made.

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If the Administrator pays any amount in settlement of a claim or towards satisfaction of a judgment against a licensee from the Account, the license is automatically suspended upon the effective date of an order by the court authorizing payment from the Account. A licensee may not be granted reinstatement until the licensee has repaid in full, plus interest at the rate of 12 percent per annum, the amount paid from the Account on his or her behalf. Interest is to be computed from the date payment from the Account is made.