In addition to being subject to disciplinary action, what is the consequence for a contractor caught diverting funds of $1,000 or less?

In the context of Nevada's contractor regulations, a contractor who is caught diverting funds of $1,000 or less faces multiple consequences, not just disciplinary actions from regulatory authorities. These consequences can include a fine, license suspension, or probation.

The rationale behind this multifaceted approach is to ensure accountability and signal that any form of financial misconduct, irrespective of the amount involved, is taken seriously. By imposing a combination of penalties, the regulatory body aims to deter future occurrences of fund diversion and maintain the integrity of the contracting profession. Each of these actions serves a different purpose: fines provide a direct financial penalty, suspension can remove the contractor's ability to legally operate in Nevada temporarily, and probation allows for oversight and monitoring of the contractor's actions moving forward. Thus, the most comprehensive option that encompasses all possible penalties for such an infraction is indeed correct.