Nevada Revised Statutes
Chapter 119A - Time Shares

NRS 119A.172 - Applicability of provisions relating to real estate brokers and sales agents to certain owners who refer prospective purchasers to developer or association or to employee or agent of developer or association. - The provisions of this chapter and chapter 645 of NRS...

NRS 119A.174 - Applicability of local ordinances, regulations and building codes. - 1. A building code may not impose any requirements upon...

NRS 119A.180 - Classification of interest of purchaser. - 1. A purchaser shall not be deemed to hold an...

NRS 119A.190 - Regulations; professional consultants; publication of proposed form before adoption and consideration of comments. - 1. The Division may: (a) Adopt regulations: (1) Which are...

NRS 119A.195 - Authority for Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions. - 1. The Administrator may adopt regulations which establish procedures for...

NRS 119A.200 - Limitation on licensing by local governments. - Time shares, time-share plans and projects to which this chapter...

NRS 119A.205 - Technology Account. - 1. The Technology Account for Chapter 119A of NRS is...

NRS 119A.210 - Sales agents: Qualifications; fees; fingerprinting; exemptions from licensing; expiration and renewal of licenses; continuing education. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state t... - 1. The Administrator shall issue a sales agent’s license to...

NRS 119A.212 - Sales agents: Application for renewal of license 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 in...

NRS 119A.220 - Sales agents: Association with project broker. - 1. A sales agent may work for only one project...

NRS 119A.230 - Sales agents: Disciplinary actions. - 1. The Administrator may impose a fine or suspend, revoke,...

NRS 119A.233 - Provisional sales agents: Qualifications; employment with project broker. - 1. The Division shall issue a provisional sales agent’s license...

NRS 119A.235 - Provisional sales agents: Expiration of licenses; application to work for new project broker; termination of employment; denial of application for license. - 1. A provisional license issued to an applicant by the...

NRS 119A.237 - Provisional sales agents: Restrictions; duties of project broker or supervising licensee; commissions. - 1. A provisional licensee shall not: (a) Conduct sales-related activities...

NRS 119A.240 - Representatives: Qualifications for registration. [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, oc... - 1. The Administrator shall register as a representative each applicant...

NRS 119A.250 - Representatives: Expiration, renewal, reinstatement and transfer of registration. [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... - 1. The registration of a representative issued pursuant to this...

NRS 119A.255 - Representatives: 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 in...

NRS 119A.260 - Representatives: Prohibited acts; compliance with standards applied to real estate brokers and salespersons. - 1. A representative shall not negotiate the sale of, or...

NRS 119A.263 - Payment of child support: Statement by applicant for sales agent’s license or registration as representative or manager; grounds for denial of license or registration; duty of Administrator. [Effective until the date of the repeal of 4... - 1. An applicant for the issuance or renewal of a...

NRS 119A.266 - Suspension of sales agent’s license or registration as representative or manager for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of suspended license or registration. [Effective until the da... - 1. If the Administrator receives a copy of a court...

NRS 119A.268 - Branch offices. - 1. Every branch office must be operated under the supervision...

NRS 119A.270 - Developers: Prohibited acts. - A developer shall not: 1. Offer to sell any time...

NRS 119A.280 - Developers: Order to cease; hearing; agreement in lieu of order. - 1. The Administrator may issue an order directing a developer...

NRS 119A.285 - Developers: Inapplicability of certain provisions to offer or disposition of certain time shares. - The provisions of NRS 119A.290 to 119A.470, inclusive, 119A.480 and...

NRS 119A.290 - Preliminary permits. - 1. The Administrator shall issue a preliminary permit to sell...

NRS 119A.300 - Requirements for issuance of initial permit. - Except as otherwise provided in NRS 119A.310, the Administrator shall...

NRS 119A.302 - Abbreviated registration: Requirements; certain developers excluded from using; documents to be provided to purchasers. - 1. In lieu of the statement of record required pursuant...

NRS 119A.304 - Developer to file amended statement of record if material change to time-share plan; effectiveness; correction of deficiencies; amendment to time-share instrument required to be filed with Division; approval of amendment by Division. - 1. If there is a material change to the time-share...

NRS 119A.305 - Terms and conditions of supporting documents: Description in public offering statement; conditions of permit. - The terms and conditions of the documents and agreements submitted...

NRS 119A.307 - Filing of public offering statement; form; contents; copies of certain documents to be provided to purchaser; waiver of requirements by Administrator. - 1. The developer shall file a public offering statement with...

NRS 119A.310 - Grounds for denial of permit; burden of proof. - 1. The Administrator shall deny an application for a permit...

NRS 119A.320 - Period for action on application. - 1. The Administrator shall, within 60 days after the receipt...

NRS 119A.330 - Hearing on denial of application, amendment to statement of record or renewal of permit; expiration of order of denial. - 1. If the Administrator denies an application for a permit...

NRS 119A.340 - Issuance of permit before completion of project. - If a project has not been completed before the issuance...

NRS 119A.350 - Investigation of applicants; expenses. - 1. The Division may, before issuing any permit or license...

NRS 119A.355 - Renewal of permit. - 1. A permit must be renewed annually by the developer...

NRS 119A.357 - Requirement to notify Division in writing of certain convictions. - 1. A sales agent, representative, manager, developer, project broker, time-share...

NRS 119A.358 - Creation and maintenance of website through which licenses, permits or registrations may be renewed; fees. - The Division may: 1. Create and maintain a secure website...

NRS 119A.360 - Fees. - 1. The Division shall collect the following fees at the...

NRS 119A.365 - Disciplinary action for failure to pay money to Division. - In addition to any other remedy or penalty, the Administrator...

NRS 119A.380 - Requirements for time-share instruments. - 1. Each time-share plan must be created by one or...

NRS 119A.385 - Description of time share. - A description of a time share is a legally sufficient...

NRS 119A.390 - Reservation to purchase time share. - A reservation to purchase a time share must: 1. Be...

NRS 119A.400 - Prospective purchasers to be provided with public offering statement, addendum and permit. - 1. Before the execution of any contract for the sale...

NRS 119A.410 - Right to cancel contract of sale. - 1. The purchaser of a time share may cancel, by...

NRS 119A.420 - Deposits to be placed in escrow account; surety bond in lieu of escrow account. - All money, negotiable instruments or other deposits pertaining to the...

NRS 119A.430 - Requirements for closing of sale of time share. - The sale of a time share to a purchaser may...

NRS 119A.450 - Provision in contract relieving purchaser of obligation upon foreclosure of lien against project; prohibition against sale or pledge of notes or contracts of sale by defaulting developer. - 1. A contract for the sale of a time share...

NRS 119A.460 - Requirements for trusts. - If a trust is created pursuant to subsection 3 of...

NRS 119A.470 - Conveyance of project to trustee before close of escrow for first sale. - 1. If title to a project is conveyed to a...

NRS 119A.475 - Action by purchaser or Administrator for misrepresentation or other violation. - 1. Where any part of the statement of record, when...

NRS 119A.4771 - Registration and licensing of person listing, advertising, transferring, assisting in transferring, soliciting or promoting sale of more than 12 previously sold time shares in 12-month period on behalf of owner other than developer; e... - 1. A person who, on behalf of an owner other...

NRS 119A.4775 - Cancellation of contract of sale; disclosure of certain information before resale; purchaser to be provided copies of time-share instruments upon signing contract; regulations. - 1. If the purchaser of a previously sold time share...

NRS 119A.4777 - Requirements for agreement for resale of time share; time-share resale broker to provide copy of agreement to owner. - 1. An agreement for the resale of a time share...

NRS 119A.4779 - Advance fee charged or collected by time-share resale broker; requirements for contract for advance fee listing; duties and prohibited acts; violation constitutes unfair or deceptive act or practice; civil penalty. - 1. In addition to the provisions of NRS 645.322, 645.323...

NRS 119A.480 - Requirements if developer holds leasehold interest. - 1. If the interest of the developer is a leasehold...

NRS 119A.485 - Developer to provide to board copy of approved public offering statement and amendments thereto. - The developer shall provide the board with a copy of...

NRS 119A.495 - Withdrawal of units from time-share plan; conditions of withdrawal; exceptions. - 1. Except as otherwise provided in subsection 2, if a...

NRS 119A.497 - Relocation of boundaries between adjoining units. - 1. Except as otherwise provided in subsection 2 and subject...

NRS 119A.500 - Partition of unit. - No action for partition of a unit may be maintained...

NRS 119A.510 - Replacement or compensation if unit unavailable. - If a unit is unavailable for a period to which...

NRS 119A.515 - Publication of information concerning owners: Maintenance of records; consent required; exceptions. - 1. A manager or, if there is no manager, the...

NRS 119A.520 - Members of association for time-share plan; incorporation of association; proxies. - 1. Each owner is a member of the association for...

NRS 119A.522 - Period of developer’s control of association; representation of owners on board. - 1. Except as otherwise provided in this section, a time-share...

NRS 119A.524 - Reserved rights of developer. - A developer’s reserved rights may include, without limitation, the right...

NRS 119A.525 - Relocation of certain time shares by developer; conditions of relocation; recordation. - 1. Any time share that is an undivided fee simple...

NRS 119A.526 - Quorum. - 1. Unless the bylaws of an association specify a larger...

NRS 119A.528 - Removal of member of board; indemnification and defense of member of board. - 1. Notwithstanding any provision of a time-share instrument or the...

NRS 119A.529 - Solicitation of votes and proxies by owner; requirements for mailing by managers and boards. - 1. A manager or, if there is no manager, the...

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...

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... - 1. A person who wishes to engage in the business...

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 in...

NRS 119A.534 - Disclosure statement to be submitted by certain managers; regulations. - 1. A manager of a project located in this State...

NRS 119A.540 - Annual budget; assessments for unsold time shares. - 1. The association or, if there is no association, the...

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)...

NRS 119A.550 - Assessment upon time share; notice of assessment; liens; enforcement of liens. - 1. The developer or the association may levy and enforce...

NRS 119A.552 - Statement of unpaid assessments. - An association, upon the receipt of a written request, shall...

NRS 119A.560 - Power of sale; notice of sale. - 1. The power of sale may not be exercised until:...

NRS 119A.570 - Insurance. - 1. The developer or the association, if it has been...

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...

NRS 119A.590 - Information to be furnished to purchasers by developer. - 1. A developer who offers a program for the exchange...

NRS 119A.600 - Information to be furnished by company offering program. - If a company intends to offer a program for the...

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...

NRS 119A.630 - Administrator to appoint hearing officer. - For any proceeding held pursuant to a provision of this...

NRS 119A.640 - Powers of Administrator or hearing officer. - The Administrator or his or her hearing officer may: 1....

NRS 119A.650 - District court to enforce Administrator’s subpoenas. - 1. The district court in the county in which a...

NRS 119A.652 - Inspections by Division; penalty for failure to cooperate; regulations. - 1. The Division shall regularly inspect the files of transactions,...

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...

NRS 119A.654 - Disciplinary action against developer. - The Administrator may impose a fine or suspend, revoke, deny...

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...

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...

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...

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...

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...

NRS 119A.660 - Enforcement of chapter and protection of purchasers by Administrator. - 1. Whenever the Administrator believes that any person has violated...

NRS 119A.665 - Appointment of receiver. - 1. When the Administrator ascertains that an association or a...

NRS 119A.670 - Action by Real Estate Commission against project broker or supervising licensee. - The Real Estate Commission may take action pursuant to NRS...

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...

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; confi... - 1. The Administrator or the Division, as applicable, shall not...

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...

NRS 119A.690 - Falsifying application; failure to submit annual report. - Any person who willfully submits, in the application for a...

NRS 119A.700 - False or misleading advertising. - 1. It is unlawful for any person to use false...

NRS 119A.702 - Restrictions on promotional material; completion of improvements portrayed in promotional material. - 1. It is unlawful for any person to display or...

NRS 119A.710 - Unfair methods of competition; deceptive or unfair acts. - It is unlawful to engage in unfair methods of competition...

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 b... - 1. Except as otherwise provided in subsection 3, any person...

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Nevada Revised Statutes Chapter 119A - Time Shares

Nevada Revised Statutes
Chapter 119A - Time Shares