A Nevada contractor's license expires on March 31st. The contractor continues working until May 15th before renewing. What is the total late penalty fee?
Correct Answer
D) $600
Late renewal penalties are $200 for the first 30 days, plus $200 for each additional 30-day period. Working 45 days late = $200 + $400 = $600.
Why This Is the Correct Answer
Late renewal penalties are $200 for the first 30 days, plus $200 for each additional 30-day period. Working 45 days late = $200 + $400 = $600.
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Under NRS 108, a mechanics' lien must include specific information. Which of the following is NOT required to be included in the lien?
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A contractor's employee is injured on a Nevada job site. The contractor lacks workers' compensation insurance. What is the potential penalty under NRS 624?