NAC 683A.430

Curing of deficiency.

Last amended: 2002Year: 2026Length: 93 wordsOfficial source

Cite as Nev. Admin. Code Sec. 683A.430

1. Any person having a deficit in his or her fiduciary account, as measured pursuant to NAC 683A.420 , must cure the deficiency within 5 days after receiving notice of the deficiency from the Commissioner by: (a) Depositing an amount equal to the deficiency in the trust account; and (b) Sending a written explanation for the deficiency to the Commissioner. 2. The Commissioner will consider any person who fails to cure a deficiency in the fiduciary account pursuant to subsection 1, to be financially irresponsible pursuant to subsection 8 of NRS 683A.451 .
NAC 683A.430: Curing of deficiency. | Justis AI