NAC 645F.990
Disciplinary proceedings, fines and penalties not affected by expiration, revocation or suspension of license.
Cite as Nev. Admin. Code Sec. 645F.990
The expiration, revocation or suspension of a license by operation of law or by order or decision of the Commissioner or a court of competent jurisdiction, or the voluntary surrender of a license, does not: 1. Prohibit the Commissioner from initiating or continuing an investigation of, or action or disciplinary proceeding against, the licensee as authorized pursuant to the provisions of chapter 645F of NRS and the Nevada Mortgage Servicer Regulations; 2. Prevent the Commissioner from revoking the license or imposing or collecting any fine or penalty authorized pursuant to the provisions of chapter 645F of NRS or the Nevada Mortgage Servicer Regulations; 3. Affect the licensee’s administrative, civil or criminal liability for acts committed before the surrender, revocation, expiration or suspension; or 4. Impair or affect the obligation of a preexisting contract between the licensee and another person, except as otherwise provided by law.