Nevada Administrative Code

NAC 104.365 Limited search. (NRS 104.9526) 1. A UCC search request may limit the copies requested by limiting the copies to the city of the debtor, the date or range of dates of filing, or the identity of the secured party of record on the financing statement. 2. A report created…

NAC 104.370 Use of standardized search logic and applicable rules. (NRS 104.9526) 1. Search results will be created by applying standardized search logic to the name presented to the filing officer. Human judgment will not play a role in determining the results of the search. 2. …

NAC 104.375 Reports resulting from search. (NRS 104.9526) Reports created in response to a search request will include the following: 1. Identification of the filing officer and the certification of the filing officer required by the UCC. 2. The date the report was generated. 3. …

NAC 108.010 Definitions. (NRS 108.26797) As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 108.020 to 108.060, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Dep’t of Motor Veh. by R116-05, eff. 1…

NAC 108.020 “Department” defined. (NRS 108.26797) “Department” means the Department of Motor Vehicles. (Added to NAC by Dep’t of Motor Veh. by R116-05, eff. 12-29-2005)

NAC 108.030 “Lien claimant” defined. (NRS 108.26797) “Lien claimant” means any person who is entitled to a lien pursuant to NRS 108.270 and who meets any of the following definitions: 1. An automobile wrecker as defined in NAC 487.010; 2. A body shop as defined in NRS 487.532; 3.…

NAC 108.040 “Recreational vehicle” defined. (NRS 108.26797) “Recreational vehicle” has the meaning ascribed to it in NRS 108.26775. (Added to NAC by Dep’t of Motor Veh. by R116-05, eff. 12-29-2005)

NAC 108.050 “Trailer” defined. (NRS 108.26797) “Trailer” has the meaning ascribed to it in NRS 108.26795. (Added to NAC by Dep’t of Motor Veh. by R116-05, eff. 12-29-2005)

NAC 108.060 “Vehicle” defined. (NRS 108.26797) “Vehicle” means a motor vehicle, motorcycle, trailer or recreational vehicle. (Added to NAC by Dep’t of Motor Veh. by R116-05, eff. 12-29-2005) LIENS FOR STORAGE, MAINTENANCE, KEEPING OR REPAIR OF CERTAIN VEHICLES

NAC 108.100 Lien sale of vehicle: Request for information from and cooperation with Department concerning stolen vehicle. (NRS 108.26797) 1. At least 7 business days before any lien sale of a vehicle, a lien claimant shall submit a request to the Department for information on whe…

NAC 108.110 Lien sale of vehicle: Duties upon sale; form and contents of required documentation. (NRS 108.26797) 1. Except for a lien sale to a licensed wrecker, when a vehicle is sold as a result of a lien, the lien claimant shall: (a) Collect from the buyer of the vehicle: (1) …

NAC 108.120 Lien sale of vehicle: Return and resubmission of incomplete or inaccurate document; extension of time to submit or resubmit documents, fees or taxes. (NRS 108.26797) 1. The Department will return to a lien claimant any document submitted by the lien claimant pursuant …

NAC 108.130 Imposition and payment of administrative fines. (NRS 108.26797, 108.357) 1. Except as otherwise provided in subsection 2, any administrative fine imposed pursuant to NRS 108.357 must be made as follows: (a) For a first offense within a 3-year period, a fine of at leas…

NAC 113.150 Contents and format of form for disclosing condition of residential property offered for sale. (NRS 113.120) 1. The form required pursuant to NRS 113.130 for disclosing the condition of residential property offered for sale must include: (a) All notices required pursu…

NAC 116.010 Definitions. (NRS 116.615) As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 116.020 to 116.078, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Real Estate Comm’n by R058-98, 6-26-98, …

NAC 116.013 “Administrator” defined. (NRS 116.615) “Administrator” means the Real Estate Administrator. (Added to NAC by Real Estate Comm’n by R136-99, eff. 4-3-2000; A by Comm’n for Common-Interest Communities by R129-04, 4-14-2005)

NAC 116.020 “Certificate” defined. (NRS 116.615) “Certificate” means a certificate, other than a temporary certificate, for the management of a common-interest community issued by the Division. (Added to NAC by Real Estate Comm’n by R058-98, 6-26-98, eff. 7-1-98; A by Comm’n for …

NAC 116.025 “Client” defined. (NRS 116.615) “Client” means an executive board that has entered into a management agreement with a community manager. (Added to NAC by Real Estate Comm’n by R136-99, eff. 4-3-2000; A by Comm’n for Common-Interest Communities by R129-04, 4-14-2005)

NAC 116.030 “Commission” defined. (NRS 116.615) “Commission” means the Commission for Common-Interest Communities and Condominium Hotels created by NRS 116.600. (Added to NAC by Real Estate Comm’n by R058-98, 6-26-98, eff. 7-1-98; A by Comm’n for Common-Interest Communities by R1…

NAC 116.033 “Common elements” defined. (NRS 116.615) “Common elements” means the common elements of a common-interest community. (Added to NAC by Comm’n for Common-Interest Communities by R129-04, eff. 4-14-2005)

NAC 116.035 “Community manager” defined. (NRS 116.615) “Community manager” means a person who holds a certificate or temporary certificate and who provides for or otherwise engages in the management of a common-interest community. (Added to NAC by Real Estate Comm’n by R136-99, e…

NAC 116.037 “Component inventory” defined. (NRS 116.615) “Component inventory” means a list of major components of the common elements identified in a reserve study that may require repair, replacement or restoration. (Added to NAC by Comm’n for Common-Interest Communities by R12…

NAC 116.040 “Division” defined. (NRS 116.615) “Division” means the Real Estate Division of the Department of Business and Industry. (Added to NAC by Real Estate Comm’n by R058-98, 6-26-98, eff. 7-1-98)

NAC 116.043 “Executive board” defined. (NRS 116.615) “Executive board” has the meaning ascribed to it in NRS 116.045. (Added to NAC by Real Estate Comm’n by R136-99, eff. 4-3-2000; A by Comm’n for Common-Interest Communities by R129-04, 4-14-2005)

NAC 116.0433 “Financial records” defined. (NRS 116.615) “Financial records” means the financial or transaction records necessary to support the financial statements of an association which include, without limitation, receipts, bank statements, income tax reports, reserve studies…

NAC 116.0437 “Guide” defined. (NRS 116.615) “Guide” means the Guide to Homeowners’ Associations and Other Realty Associations, as adopted by reference in NAC 116.410. (Added to NAC by Comm’n for Common-Interest Communities by R205-05, eff. 9-18-2006; A by Comm’n for Common-Intere…

NAC 116.046 “Major components” defined. (NRS 116.615) “Major components” means the major components of the common elements, whether real or personal property, which the association is responsible for maintaining, repairing, replacing or restoring, including, without limitation, a…

NAC 116.047 “Management agreement” defined. (NRS 116.615) “Management agreement” means an agreement for the management of a common-interest community. (Added to NAC by Real Estate Comm’n by R136-99, eff. 4-3-2000; A by Comm’n for Common-Interest Communities by R129-04, 4-14-2005)

NAC 116.050 “Management of a common-interest community” defined. (NRS 116.615) “Management of a common-interest community” means the physical, administrative or financial maintenance and management of a common-interest community, or the supervision of those activities, for a fee,…

NAC 116.065 “Provisional community manager” defined. (NRS 116.615) “Provisional community manager” means a person who has fulfilled the educational requirements for certification as set forth in NAC 116A.120 but has not yet fulfilled the experience requirements for certification …

NAC 116.070 “Reserve study” defined. (NRS 116.615) “Reserve study” means the study required pursuant to NRS 116.31152. (Added to NAC by Comm’n for Common-Interest Communities by R129-04, eff. 4-14-2005)

NAC 116.075 “Supervising community manager” defined. (NRS 116.615) “Supervising community manager” means a community manager who: 1. Meets the qualifications set forth in NAC 116A.165; and 2. Is responsible for the supervision of one or more provisional community managers or comm…

NAC 116.078 “Temporary certificate” defined. (NRS 116.615) “Temporary certificate” means a certificate which is: 1. Valid for only 1 year; and 2. Issued to a person pursuant to the provisions of subparagraph (1) or (2) of paragraph (a) of subsection 1 of NRS 116A.410. (Added to N…

NAC 116.080 “Unit’s owner” defined. (NRS 116.615) “Unit’s owner” has the meaning ascribed to it in NRS 116.095. (Added to NAC by Comm’n for Common-Interest Communities by R205-05, eff. 9-18-2006)

NAC 116.090 “Limited-purpose association” interpreted. (NRS 116.1201, 116.615) 1. An association is a limited-purpose association pursuant to subparagraph (1) of paragraph (a) of subsection 6 of NRS 116.1201 if: (a) The association has been created for the sole purpose of maintai…

NAC 116.095 Limited-purpose associations: Compliance with certain statutory provisions. (NRS 116.1201, 116.615) A limited-purpose association must comply with all the provisions of NRS 116.4101 to 116.412, inclusive. (Added to NAC by Comm’n for Common-Interest Communities by R205…

NAC 116.151 Escrow of deposits: Money deemed to be held in this State. (NRS 116.411, 116.615) For purposes of NRS 116.411, money deposited in an escrow account in connection with the purchase or reservation of a unit from a person required to deliver a public offering statement p…

NAC 116.385 Submission to Division of contact information for members of executive board and change in community manager. (NRS 116.615, 116.625) 1. An executive board shall provide to the Division the names, individual mailing and electronic mail addresses and telephone numbers o…

NAC 116.395 Executive board: Fiduciary duty with respect to institutions holding money of association. (NRS 116.3103, 116.615) The executive board has a fiduciary duty to ensure that any institution which holds money of the association: 1. Is authorized to do business in the Stat…

NAC 116.405 Executive board: Determination by Commission of whether members have performed their duties. (NRS 116.3103, 116.615) In determining whether a member of the executive board has performed his or her duties pursuant to NRS 116.3103, the Commission may consider whether th…

NAC 116.410 Adoption by reference of reporting principles and practices of financial accounting. (NRS 116.615) 1. For purposes of providing recommended reporting principles and practices of financial accounting for common-interest communities, the Commission hereby adopts by refe…

NAC 116.415 Contents of budget to maintain reserve. (NRS 116.31151, 116.615) An executive board shall, in addition to the requirements set forth in paragraph (b) of subsection 1 of NRS 116.31151, include in the budget to maintain the reserve: 1. An estimate of the amount of reser…

NAC 116.425 Reserve study: Contents. (NRS 116.31152, 116.615) 1. A reserve study must, in addition to the requirements set forth in NRS 116.31152, include: (a) A 30-year schedule which shows: (1) The actual or projected beginning balance of the reserve fund; (2) The projected inc…

NAC 116.427 Reserve study: Period for conducting reserve study; period for adoption; required commencement of next full reserve study. (NRS 116.31152, 116.615) 1. For the purposes of paragraph (a) of subsection 1 of NRS 116.31152, the 5-year period for conducting a reserve study …

NAC 116.430 Reserve study: Required disclosures. (NRS 116.31152, 116.615) A person conducting a reserve study and any consultant assisting in the preparation of a reserve study shall include in the reserve study the following disclosures: 1. The background, training, qualificatio…

NAC 116.435 Reserve study: Filing of summary on form. (NRS 116.31152, 116.615) The executive board or a person acting on behalf of the executive board shall submit a summary of the reserve study to the Division pursuant to subsection 4 of NRS 116.31152 by filing, electronically i…

NAC 116.440 Availability of records of association: “Regular working hours” interpreted. (NRS 116.31175, 116.615) As used in NRS 116.31175, “regular working hours” means a period of at least 4 consecutive hours per week. (Added to NAC by Comm’n for Common-Interest Communities by …