Section 645F.990 - Disciplinary proceedings, fines and penalties not affected by expiration, revocation or suspension of licenseThe 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; or4. Impair or affect the obligation of a preexisting contract between the licensee and another person, except as otherwise provided by law.Nev. Admin. Code § 645F.990
Added to NAC by Comm'r of Mortgage Lending by R120-15, effective upon the later of 1/1/2016 or the date this regulation is filed with the Secretary of State.NRS 645F.255 and section 86.4 of Assembly Bill No. 480, chapter 477, Statutes of Nevada 2015, at page 2806