NRS 675.140: Expiration, renewal and reinstatement of license; fees; regulations.

1. A license expires on December 31 of each year unless renewed by the licensee. To renew a license, a licensee must submit to the Commissioner on or after November 1 and on or before December 31 of each year:

(a) An application for renewal; and

(b) A fee of not more than $1,000 for each license held by the licensee.

2. If a licensee fails to submit any item required pursuant to subsection 1 to the Commissioner on or after November 1 and on or before December 31 of any year, the license is cancelled as of December 31 of that year. The Commissioner may reinstate a cancelled license if the licensee submits to the Commissioner on or before February 28 of the following year:

(a) An application for renewal;

(b) The fee specified in paragraph (b) of subsection 1; and

(c) A fee of not more than $400 for reinstatement.

3. The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section.