Under NRS 624, what is the maximum monetary penalty the Nevada State Contractors Board can impose for a first-time violation of contractor licensing requirements?
Correct Answer
A) $10,000
NRS 624.700 allows the Board to impose a civil penalty not exceeding $10,000 for each violation of the licensing requirements.
Why This Is the Correct Answer
NRS 624.700 establishes $10,000 as the maximum civil penalty per violation that the NSCB may impose. This cap applies to each individual violation, meaning multiple violations can result in cumulative penalties exceeding $10,000.
Why the Other Options Are Wrong
Option B: $5,000
$5,000 is below the statutory maximum. While the board has discretion to impose lesser amounts, the question asks for the maximum allowed under NRS 624.700, which is $10,000.
Option C: $15,000
$15,000 exceeds the per-violation cap set by NRS 624.700. The board cannot impose more than $10,000 per violation without additional statutory authority.
Option D: $25,000
$25,000 significantly exceeds the NRS 624 per-violation limit of $10,000. This figure might be confused with other regulatory penalty schemes but is not correct for NSCB first-time violations.
Memory Technique
Ten thousand = Ten-K for one violation. Each violation costs up to $10K. Think: 'one strike, ten grand max.'
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