Nevada Code § 42.350

Suspension of registration as structured settlement purchase company; reinstatement of registration. [Effective until the date of the repeal of 42 U.S.C. 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
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1. If the Unit receives a copy of a court
order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational
licenses, certificates and permits issued to a person who is registered as a
structured settlement purchase company, the Unit shall deem the registration
issued to that person to be suspended at the end of the 30th day after the date
on which the court order was issued unless the Unit receives a letter issued to
the holder of the registration by the district attorney or other public agency
pursuant to NRS 425.550 stating that the
holder of the registration has complied with the subpoena or warrant or has
satisfied the arrearage pursuant to NRS
425.560 .
2. The Unit shall reinstate a registration
that has been suspended by a district court pursuant to NRS 425.540 if the Unit receives a letter
issued to the holder of the registration by the district attorney or other
public agency pursuant to NRS 425.550 stating that the person whose registration was suspended has complied with the
subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560 .

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