NRS 240A.125 - Amount of bond for business entity.

NV Rev Stat § 240A.125 (2019) (N/A)

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1. A bond filed by a business entity pursuant to NRS 240A.123 on behalf of the employees of the business entity who are registered as a document preparation service must be in the penal sum of:

(a) If the business entity employs 1 registrant to perform document preparation services, $25,000;

(b) If the business entity employs at least 2 but not more than 25 registrants to perform document preparation services, $50,000;

(c) If the business entity employs at least 26 but not more than 75 registrants to perform document preparation services, $75,000;

(d) If the business entity employs at least 76 but not more than 125 registrants to perform document preparation services, $100,000;

(e) If the business entity employs at least 126 but not more than 200 registrants to perform document preparation services, $150,000; and

(f) If the business entity employs more than 200 registrants to perform document preparation services, $200,000.

2. For purposes of determining the amount of the bond required pursuant to subsection 1, the number of registrants employed by a business entity to perform document preparation services is the greatest number of registrants who will perform document preparation services for the business entity at any time during the year, including, without limitation, on a temporary or seasonal basis.

(Added to NRS by 2019, 843)

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NRS 240A.123 - Cash bond or surety bond for business entity; conditions and requirements; release of surety; return of bond; suspension and reinstatement of registration.

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NRS 240A.127 - Claim against bond; requirements; interpleader; priority.