Nev. Admin. Code § 119A.460 - Disclosure statement for certain managers
The disclosure statement required by NRS 119A.534 must be submitted on a form prescribed by the Division and must contain:
1. A schedule of fees to be paid to the
manager or an affiliate of the manager for the resale of any time shares for
the purposes of paragraph (a) of subsection 1 of
NRS
119A.534;
2. A written policy concerning the procedures
for billing and collecting assessments and for the foreclosure of liens for the
purposes of paragraph (b) of subsection 1 of
NRS
119A.534;
3. A description of any exchange program that
is not operated by a third-party vendor of an exchange program or of a rental
program offered by the manager or an affiliate of the manager and any fees to
be paid to the manager or an affiliate of the manager of such a program for the
purposes of paragraph (c) of subsection 1 of
NRS
119A.534; and
4. Any use of the names of the members of the
association and other information collected by the manager regarding the
members for purposes that are unrelated to the duties of the association,
including, without limitation, payment history, address, telephone number and
social security number, for the purposes of paragraph (d) of subsection 1 of
NRS
119A.534.
Notes
NRS 119A.190, 119A.534
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