1. The Division shall regularly inspect the files of transactions, records of trusts and relevant accounts of all project brokers and developers.
2. If a project broker or developer fails to allow or cooperate fully with such an inspection, the Division may:
(a) Impose a fine or suspend or revoke the license or permit of the project broker or developer; or
(b) Deny the renewal of the license of the project broker.
3. The Division shall adopt regulations specifying the procedure for such inspections.
(Added to NRS by 1985, 1134; A 2001, 530)
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