Nev. Admin. Code § 119A.315 - Easements; improvements; assessment for improvement; taxes

1. No improvement in or related to a project within a time-share plan may be advertised unless it has been completed or installed and is available for use, or the completion or availability is assured through an adequate financial arrangement approved by the Division and there is a contractual obligation of the developer to the purchaser to complete the improvement.
2. An advertisement which refers to any promised improvement for which the prospective purchaser will be required to pay additional fees for use or access must disclose the existence of such fees.

Notes

Nev. Admin. Code § 119A.315
Added to NAC by Real Estate Div., eff. 12-3-84; A by R130-16A, eff. 11/13/2017; A by R130-16AP, eff. 8/30/2018
NRS 119A.190

State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.


No prior version found.