Nevada § 120A.730 - Interest and penalties
Full text of Nevada Nevada Revised Statutes § 120A.730 — Interest and penalties, with citation guidance and answers to common questions.
§ 120A.730. Interest and penalties
1. A holder who fails to report, pay or deliver property within the time prescribed
by this chapter shall pay to the Administrator interest at the rate of 18 percent
per annum on the property or value thereof from the date the property should have
been reported, paid or delivered. 2. Except as otherwise provided in subsection 3, a holder who fails to report, pay
or deliver property within the time prescribed by this chapter or fails to perform
other duties imposed by this chapter shall pay to the Administrator, in addition to
interest as provided in subsection 1, a civil penalty of $200 for each day the report,
payment or delivery is withheld or the duty is not performed, up to a maximum of $5,000. 3. A holder who willfully fails to report, pay or deliver property within the time
prescribed by this chapter or willfully fails to perform other duties imposed by this
chapter shall pay to the Administrator, in addition to interest as provided in subsection
1, a civil penalty of $1,000 for each day the report, payment or delivery is withheld
or the duty is not performed, up to a maximum of $25,000, plus 25 percent of the value
of any property that should have been but was not reported. 4. A holder who makes a fraudulent report shall pay to the Administrator, in addition
to interest as provided in subsection 1, a civil penalty of $1,000 for each day from
the date a report under this chapter was due, up to a maximum of $25,000, plus 25
percent of the value of any property that should have been but was not reported. 5. The Administrator for good cause may waive, in whole or in part, interest under
subsection 1 and penalties under subsections 2 and 3, and shall waive penalties if
the holder acted in good faith and without negligence. 6. A holder who fails to make a payment as required by subsections 14 and 15 of NRS 120A.560 must be assessed by the Administrator a fee for each such payment in an amount equal
to the greater of $50 or 2 percent of the amount of the payment.
Frequently Asked Questions About Nevada § 120A.730
What does Nevada Revised Statutes § 120A.730 cover?
Section 120A.730 ("Interest and penalties") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 120A.730?
A common citation format is "Nevada Revised Statutes § 120A.730" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 120A.730 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.