Nevada § 612.670 - Readjustment or modification of assessment

§ 612.670. Readjustment or modification of assessment

1. At any time within 15 days after the mailing of the notice of assessment, the employer

affected thereby may file a verified petition with the Administrator praying for readjustment

of the assessment so levied. At the time of filing the petition the employer upon whom an assessment is levied

shall deposit a bond executed by him or her as principal, and by a corporation qualified

under the laws of this State as surety, payable to the State of Nevada and conditioned

upon the employer’s compliance with the provisions of this chapter. The amount of the bond must be determined by the Administrator in such a manner as

the Administrator deems proper. In lieu of a bond, the employer may deposit with the Administrator a like amount of

lawful money of the United States or any other form of security authorized by NRS 100.065 . If security is provided in the form of a savings certificate, certificate of deposit

or investment certificate, the certificate must state that the amount is not available

for withdrawal except upon order of the Administrator. 2. The petition may request a hearing before the Administrator and must specify the

objections to the assessment. 3. The Administrator may by regulation prescribe the manner in which petitions for

modification are determined. The regulations must guarantee to the employer a fair hearing on the question of the

employer’s liability for contributions. 4. If, at any time within 1 year following the date of mailing of a notice of assessment,

it appears to the satisfaction of the Administrator that any assessment is unreasonable

or unjust, or not in conformity with the facts, the Administrator may modify the assessment

to conform to the facts, as of the date of the original assessment. 5. The order or decision of the Administrator modifying an assessment is final, and

the sum therein specified becomes payable 10 days after the date of mailing notice

of the order or decision to the employer.