Disposition of money collected; failure to comply; availability of documents for inspection and audit.

1. A license agent shall, as specified by the Department, forward to the license office for electronic transfer to a bank account designated by the Department any money collected by the license agent, excluding any service fees to which the license agent is entitled, for the sale and issuance of any licenses, permits, tags and other documents authorized by the Department. 2. If a license agent fails to comply with the provisions of subsection 1 regarding all the money due, the Department: (a) Shall send a notice of delinquency to the license agent; and (b) May terminate the ability of the license agent to issue licenses, permits, tags or other documents until all the money due has been received by the Department. 3. If the license agent’s account reflects a credit owing to the agent, the Department may deduct the credit from the amount owed for the next reporting period. 4. All money collected by a license agent from the sale and issuance of any licenses, permits, tags and other documents authorized by the Department, except the agent’s service fees, is the property of the State of Nevada and must be kept readily available for forwarding or electronic transfer to the Department. All equipment and documents provided to a license agent by the Department and any records regarding the sale or issuance of any licenses, permits, tags and other documents authorized by the Department are the property of the State of Nevada and must be made available for inspection and audit upon request by the Department.