Nevada § 645A.043 Cancellation of bond: Notices required; revocation of license unless equivalent bond or substitute form of security furnished

Nevada Statutes

§ 645A.043 — Cancellation of bond: Notices required; revocation of license unless equivalent bond or substitute form of security furnished

Nevada § 645A.043

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645AEscrow

SURETY BOND OR SUBSTITUTE FORM OF SECURITY

This text of Nevada § 645A.043 (Cancellation of bond: Notices required; revocation of license unless equivalent bond or substitute form of security furnished) 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. § 645A.043 (2026).

Text

1.The surety may cancel a bond upon giving 60 days’ notice to the Commissioner by certified mail. Upon receipt by the Commissioner of such a notice, the Commissioner immediately shall notify the licensee who is the principal on the bond of the effective date of cancellation of the bond, and that his or her license will be revoked unless the licensee furnishes an equivalent bond or a substitute form of security authorized by NRS 645A.042 before the effective date of the cancellation. The notice must be sent to the licensee by certified mail to his or her last address of record filed in the office of the Division.

2.If the licensee does not comply with the requirements set out in the notice from the Commissioner, the license must be revoked on the date the bond is cancelled.

Free access — add to your briefcase to read the full text and ask questions with AI

1. The surety may cancel a bond upon giving 60 days’ notice to the Commissioner by certified mail. Upon receipt by the Commissioner of such a notice, the Commissioner immediately shall notify the licensee who is the principal on the bond of the effective date of cancellation of the bond, and that his or her license will be revoked unless the licensee furnishes an equivalent bond or a substitute form of security authorized by NRS 645A.042 before the effective date of the cancellation. The notice must be sent to the licensee by certified mail to his or her last address of record filed in the office of the Division.
2. If the licensee does not comply with the requirements set out in the notice from the Commissioner, the license must be revoked on the date the bond is cancelled.