Nev. Rev. Stat. ch. 604C – Consumer Litigation Funding | Midpage

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Nevada Revised Statutes

Chapter 604C

Nev. Rev. Stat. ch. 604C

Consumer Litigation Funding

604C.010Definitions 604C.020“Advertise” defined 604C.030“Applicant” defined 604C.040“Charges” defined 604C.050“Commissioner” defined 604C.060“Consumer” defined 604C.070“Consumer litigation funding” defined 604C.080“Consumer litigation funding company” or “company” defined 604C.090“Consumer litigation funding contract” defined 604C.100“Consumer litigation funding transaction” defined 604C.110“Document preparation fee” defined 604C.120“Funded amount” defined 604C.130“Funding date” defined 604C.140“Immediate family member” defined 604C.150“Legal claim” defined 604C.160“Licensee” defined 604C.165“Nationwide Multistate Licensing System and Registry” or “Registry” defined 604C.170“Resolution date” defined 604C.200Regulations 604C.220Assignment of legal claim; applicability 604C.240Applicability of attorney-client relationship 604C.300Certain acts related to the operation of a consumer funding company prohibited 604C.310Limitations on amount to be paid to consumer litigation funding company under consumer litigation funding contract 604C.320License required 604C.330Licensee must conduct business in accordance with license 604C.340Application to persons seeking to evade certain provisions 604C.350Written consumer litigation funding contract required; contents 604C.360Required disclosures which constitute material terms of consumer litigation funding contract 604C.370Additional required disclosures 604C.380Notice of cancellation of consumer litigation funding contract 604C.390Required assets 604C.400Registered agent 604C.410Duties of licensee to safeguard customer information 604C.500Application for license 604C.510Additional materials to be submitted with application; grounds for denial of license 604C.520Statement concerning obligation for child support required for issuance or renewal of license 604C.530Suspension of license; reinstatement of license 604C.540Application fees; surety bond; regulations concerning application fees and surety bond 604C.550Investigation of applicant; notice; hearing; order; request hearing; regulations 604C.560Issuance of license 604C.565Expiration of license; procedure for renewal; cancellation and reinstatement 604C.570Change of address by licensee: Notice; approval by Commissioner; penalty for failure to provide required notice 604C.580License not transferable or assignable 604C.583Commissioner authorized to take action to participate in Registry; charges for use; regulations; provisions do not affect authority of Commissioner regarding licensing 604C.586Submission and processing of fingerprints 604C.589Commissioner to report information to Registry; confidentiality of information provided; Commissioner authorized to enter into certain agreements and arrangements 604C.592Additional materials to be submitted to Registry 604C.595Licensee required to register and maintain unique identifier; Commissioner authorized to issue license through Registry; references to Commissioner deemed references to Registry 604C.600Required books and records 604C.610Annual examinations by Commissioner; fees for examination 604C.620Independent audit and examination: Payment of assessment; cooperation 604C.630Fees for audit 604C.640Annual report by licensee; composite reports; Commissioner may require additional reports 604C.800Remedies for certain willful violations 604C.810Commissioner to enforce chapter; penalties 604C.820Person may file complaint alleging violation; requirements; duties of Commissioner when complaint is filed 604C.830Suspension or revocation of license by Commissioner 604C.840Administrative fines 604C.850Contract void if deceptive and abusive violation