What is the late fee charged if a licensee fails to renew their license before it expires?

The late fee charged if a licensee fails to renew their license before it expires is indeed $150. This penalty is established to encourage timely renewal of licenses and ensure that contractors maintain their licensure status without interruption. The fee serves as both a deterrent and a means to manage the administrative workload associated with processing late renewals. Understanding the consequences of failing to renew on time is crucial for contractors, as it helps them avoid additional costs and ensures their ability to legally operate in the state of Nevada.