Penalties for violations relating to escrow or trust accounts.

NRS 645B.960, under MORTGAGE COMPANIES AND MORTGAGE LOAN ORIGINATORS.

NRS 645B.960

NRS 645B.960 Penalties for violations relating to escrow or trust accounts. 1. A person, or any general partner, director, officer, agent or employee of a person, who violates any provision of NRS 645B.165 to 645B.180, inclusive, is guilty of: (a) A misdemeanor if the amount involved is less than $650; (b) A gross misdemeanor if the amount involved is $650 or more but less than $1,000; or (c) A category D felony if the amount involved is $1,000 or more, and shall be punished as provided in NRS 193.130. 2. In addition to any other penalty, if a person is convicted of or enters a plea of nolo contendere to a violation described in subsection 1, the court shall order the person to pay: (a) Court costs; and (b) Reasonable costs of the investigation and prosecution of the violation. (Added to NRS by 1981, 1785; A 1985, 2191; 1989, 1442; 1995, 1313; 1999, 3801; 2011, 179)