Nev. Admin. Code § 361.940 - Notification of State Treasurer by holder of certificate if certain changes relating to property occur

1. A titleholder of property for which a certificate has been issued shall notify the State Treasurer within 60 days after:

(a) The titleholder sells or transfers the property;

(b) The titleholder rents or leases the property;

(c) The titleholder converts the residence, appurtenances or land to use by or as a commercial business;

(d) The titleholder moves or otherwise fails to live in the residence;

(e) The titleholder encumbers or applies for a mortgage or loan, using the property as collateral;

(f) A titleholder is added to or deleted from the deed for the property; or

(g) A titleholder of the property dies.

2. Upon receipt of notification pursuant to subsection 1, the State Treasurer will conduct a review to determine if the titleholder qualifies to continue the allodial title on the property and, if so, whether a recalculation of the cost of the certificate is necessary.

Notes

Nev. Admin. Code § 361.940

Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001

NRS 361.915, 361.920