Failure of licensee to satisfy, enter into agreement to pay or request hearing to contest validity of debt: Consequences.

If a licensee who is sent a notice pursuant to subsection 4 of NRS 353C.1965 fails, within 30 days after the date on which the notice was sent, to satisfy the debt, enter into an agreement for the payment of the debt pursuant to NRS 353C.130 or request a hearing, the State Controller will: 1. Deem the debt to be valid and issue a determination of the outstanding balance of the debt. 2. Send written notice of the determination to the licensee. 3. Send notice, pursuant to subsection 5 of NRS 353C.1965 , to the licensing agency that regulates the licensee.