Title 10

NRS 119A.530 Written agreement for management of time-share plan and project; disclosure of certain fees, compensation or other property by manager. 1. During any period in which the developer holds a valid permit and the developer or an affiliate of the developer is the manager,…

NRS 119A.532 Registration of managers; form for registration; fee. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational …

NRS 119A.533 Renewal of registration of managers: Application for renewal of registration to include information relating to state business license; denial of renewal for unpaid debt assigned to State Controller for collection. 1. In addition to any other requirements set forth i…

NRS 119A.534 Disclosure statement to be submitted by certain managers; regulations. 1. A manager of a project located in this State who enters into or renews an agreement that must comply with the provisions of subsection 3 of NRS 119A.530 shall submit to the association and to t…

NRS 119A.540 Annual budget; assessments for unsold time shares. 1. The association or, if there is no association, the developer shall adopt an annual budget for revenues, expenditures and reserves and collect assessments for the expenses of the time-share plan and the project fr…

NRS 119A.542 Conduct and contents of study of reserves; review of study and necessary adjustments to reserves; regulations. 1. The developer or board of an association shall: (a) Cause to be conducted at least once every 5 years, a study of the reserves required to repair, replac…

NRS 119A.550 Assessment upon time share; notice of assessment; liens; enforcement of liens. 1. The developer or the association may levy and enforce a reasonable assessment upon any time share in accordance with the time-share instrument, which is a debt of the owner thereof at t…

NRS 119A.552 Statement of unpaid assessments. An association, upon the receipt of a written request, shall furnish to an owner or any lender who has a security interest in a time share or the project, a statement setting forth the amount of unpaid assessments made against the own…

NRS 119A.560 Power of sale; notice of sale. 1. The power of sale may not be exercised until: (a) The developer or the association, its agent or attorney has first executed and caused to be recorded with the recorder of the county wherein the project is located a notice of default…

NRS 119A.570 Insurance. 1. The developer or the association, if it has been formed, shall maintain: (a) Property insurance on the project and any personal property available for use by the owners in conjunction therewith, other than personal property separately owned by an owner,…

NRS 119A.580 Consent required for liens for labor, services or materials; when consent deemed given. No labor performed or services or materials furnished with the consent of or at the request of an owner may be the basis for the filing of a lien against the time share of any oth…

NRS 119A.590 Information to be furnished to purchasers by developer. 1. A developer who offers a program for the exchange of occupancy rights among owners or with the owners of time shares in other time-share plans, or both, shall give to the purchaser the following information: …

NRS 119A.600 Information to be furnished by company offering program. If a company intends to offer a program for the exchange of occupancy rights among owners or with the owners of time shares in other time-share plans, or both, directly to a purchaser or owner, the company shal…

NRS 119A.620 Information to be furnished to Division and secretary of association; liability for information and representations. 1. A company whose program for the exchange of occupancy rights among owners or with the owners of time shares in other time-share plans, or both, is …

NRS 119A.630 Administrator to appoint hearing officer. For any proceeding held pursuant to a provision of this chapter, except a hearing to impose a fine or revoke, suspend or deny the renewal of a license or permit, the Administrator may appoint a hearing officer from the staff …

NRS 119A.640 Powers of Administrator or hearing officer. The Administrator or his or her hearing officer may: 1. Take testimony and other evidence concerning all matters within the jurisdiction of the Division pursuant to this chapter; 2. Administer oaths; 3. Certify to all offic…

NRS 119A.650 District court to enforce Administrator’s subpoenas. 1. The district court in the county in which a hearing is to be held may compel the attendance of witnesses, the giving of testimony and the production of books and papers as requested by any subpoena issued by the…

NRS 119A.652 Inspections by Division; penalty for failure to cooperate; regulations. 1. The Division shall regularly inspect the files of transactions, records of trusts and relevant accounts of all project brokers and developers. 2. If a project broker or developer fails to allo…

NRS 119A.653 Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records. 1. Except as otherwise provided in this section and NRS 239.0115, a complaint filed with the…

NRS 119A.654 Disciplinary action against developer. The Administrator may impose a fine or suspend, revoke, deny the renewal of or place conditions upon the permit of a developer at any time if the developer: 1. Obtained the permit by false or fraudulent representation; or 2. Vio…

NRS 119A.655 Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Complaint; hearing; notice. 1. The procedure set forth in this section must be followed before the Administrator or Division imposes a fine or revokes, suspends or denies the…

NRS 119A.656 Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Answer; limitation on proceeding. 1. Within 20 days after service of the notice upon him or her, the licensee or permittee shall file an answer to the charges with the Divisi…

NRS 119A.657 Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Decision of hearing officer. 1. The hearing officer shall render a decision on any complaint within 60 days after the final hearing thereon and shall give notice in writing o…

NRS 119A.658 Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Appeal of decision of hearing officer. 1. A ruling or decision of the hearing officer in any disciplinary action is final when in favor of the licensee or permittee. 2. If a …

NRS 119A.659 Expiration, revocation or surrender of license or permit does not prohibit disciplinary action against holder thereof. The expiration or revocation of a license or permit by operation of law or by order or decision of a hearing officer or a court of competent jurisdi…

NRS 119A.660 Enforcement of chapter and protection of purchasers by Administrator. 1. Whenever the Administrator believes that any person has violated any order, regulation, permit, decision, demand or requirement, or any of the provisions of this chapter, the Administrator may b…

NRS 119A.665 Appointment of receiver. 1. When the Administrator ascertains that an association or a developer, if there is no association, is insolvent or in imminent danger of insolvency, or the association’s or developer’s affairs are being mismanaged, the Administrator may fil…

NRS 119A.670 Action by Real Estate Commission against project broker or supervising licensee. The Real Estate Commission may take action pursuant to NRS 645.630 against any project broker or person who is licensed pursuant to chapter 645 of NRS and who is subject to the provision…

NRS 119A.675 Administrative fine for engaging in certain conduct without license, permit, certificate, registration or authorization; procedure for imposition of fine; judicial review; exceptions. 1. In addition to any other remedy or penalty, the Administrator may impose an admi…

NRS 119A.677 Application or registration must not be denied based solely on immigration or citizenship status; use of alternative personally identifying number; disclosure of social security number or personally identifying number prohibited; confidentiality of social security nu…

NRS 119A.680 Acting as project broker, supervising licensee, sales agent, representative, manager or time-share resale broker without license or registration. 1. It is unlawful for any person to engage in the business of, act in the capacity of, advertise or assume to act as a: (…

NRS 119A.690 Falsifying application; failure to submit annual report. Any person who willfully submits, in the application for a permit to sell time shares or an application for a sales agent’s license, any materially false or misleading information or fails to submit an annual r…

NRS 119A.700 False or misleading advertising. 1. It is unlawful for any person to use false or misleading information to advertise the sale of time shares. 2. Unless a person has actual knowledge of the false or misleading information, the owner, publisher, licensee or operator o…

NRS 119A.702 Restrictions on promotional material; completion of improvements portrayed in promotional material. 1. It is unlawful for any person to display or deliver to prospective purchasers of time shares promotional material that describes or portrays an improvement that has…

NRS 119A.710 Unfair methods of competition; deceptive or unfair acts. It is unlawful to engage in unfair methods of competition or deceptive or unfair acts in the offer to sell or sale of a time share including, without limitation: 1. Misrepresenting or failing to disclose any ma…

NRS 119A.720 Participation in plan or scheme to transfer time share to person without ability to pay assessments and taxes constitutes false, misleading or deceptive act or practice; rebuttable presumption of violation; exception for certain acts by association or manager. 1. Exc…