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Nevada Revised Statutes
Time Shares
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Section
119A.010
Definitions.
Section
119A.020
"Administrator" defined.
Section
119A.030
"Affiliate of the developer" defined.
Section
119A.031
"Affiliate of the manager" defined.
Section
119A.032
"Association" defined.
Section
119A.033
"Blanket encumbrance" defined.
Section
119A.034
"Board" defined.
Section
119A.035
"Branch office" defined.
Section
119A.036
"Common area" defined.
Section
119A.038
"Component site" defined.
Section
119A.040
"Developer" defined.
Section
119A.041
"Developer’s reserved rights" defined.
Section
119A.050
"Division" defined.
Section
119A.052
"Limited common area" defined.
Section
119A.054
"Manager" defined.
Section
119A.055
"Material change" defined.
Section
119A.056
"Owner" defined.
Section
119A.058
"Permanent identifying number" defined.
Section
119A.060
"Permit" defined.
Section
119A.070
"Person" defined.
Section
119A.080
"Project" defined.
Section
119A.090
"Project broker" defined.
Section
119A.100
"Public offering statement" defined.
Section
119A.110
"Purchaser" defined.
Section
119A.120
"Representative" defined.
Section
119A.130
"Sales agent" defined.
Section
119A.133
"Sales and marketing entity" defined.
Section
119A.137
"Statement of record" defined.
Section
119A.140
"Time share" defined.
Section
119A.150
"Time-share instrument" defined.
Section
119A.152
"Time-share plan" defined.
Section
119A.153
"Time-share resale" defined.
Section
119A.156
"Time-share resale broker" defined.
Section
119A.160
"Unit" defined.
Section
119A.170
Applicability of this chapter and chapter 645 of NRS.
Section
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.
Section
119A.174
Applicability of local ordinances, regulations and building codes.
Section
119A.180
Classification of interest of purchaser.
Section
119A.190
Regulations; professional consultants; publication of proposed form before adoption and consideration of comments.
Section
119A.195
Authority for Division to conduct business electronically; regulations; fees; use of unsworn declaration; exclusions.
Section
119A.200
Limitation on licensing by local governments.
Section
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 to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
119A.210
Sales agents: Qualifications; fees; fingerprinting; exemptions from licensing; expiration and renewal of licenses; continuing education. [Effective on 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 licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
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.
Section
119A.220
Sales agents: Association with project broker.
Section
119A.230
Sales agents: Disciplinary actions.
Section
119A.233
Provisional sales agents: Qualifications; employment with project broker.
Section
119A.235
Provisional sales agents: Expiration of licenses; application to work for new project broker; termination of employment; denial of application for license.
Section
119A.237
Provisional sales agents: Restrictions; duties of project broker or supervising licensee; commissions.
Section
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, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
119A.240
Representatives: Qualifications for registration. [Effective on 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 licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
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 restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
119A.250
Representatives: Expiration, renewal, reinstatement and transfer of registration. [Effective on 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 licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
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.
Section
119A.260
Representatives: Prohibited acts; compliance with standards applied to real estate brokers and salespersons.
Section
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 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
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 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 licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
119A.268
Branch offices.
Section
119A.270
Developers: Prohibited acts.
Section
119A.280
Developers: Order to cease; hearing; agreement in lieu of order.
Section
119A.285
Developers: Inapplicability of certain provisions to offer or disposition of certain time shares.
Section
119A.290
Preliminary permits.
Section
119A.300
Requirements for issuance of initial permit.
Section
119A.302
Abbreviated registration: Requirements; certain developers excluded from using; documents to be provided to purchasers.
Section
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.
Section
119A.305
Terms and conditions of supporting documents: Description in public offering statement; conditions of permit.
Section
119A.307
Filing of public offering statement; form; contents; copies of certain documents to be provided to purchaser; waiver of requirements by Administrator.
Section
119A.310
Grounds for denial of permit; burden of proof.
Section
119A.320
Period for action on application.
Section
119A.330
Hearing on denial of application, amendment to statement of record or renewal of permit; expiration of order of denial.
Section
119A.340
Issuance of permit before completion of project.
Section
119A.350
Investigation of applicants; expenses.
Section
119A.355
Renewal of permit.
Section
119A.357
Requirement to notify Division in writing of certain convictions.
Section
119A.358
Creation and maintenance of website through which licenses, permits or registrations may be renewed; fees.
Section
119A.360
Fees.
Section
119A.365
Disciplinary action for failure to pay money to Division.
Section
119A.380
Requirements for time-share instruments.
Section
119A.385
Description of time share.
Section
119A.390
Reservation to purchase time share.
Section
119A.400
Prospective purchasers to be provided with public offering statement, addendum and permit.
Section
119A.410
Right to cancel contract of sale.
Section
119A.420
Deposits to be placed in escrow account; surety bond in lieu of escrow account.
Section
119A.430
Requirements for closing of sale of time share.
Section
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.
Section
119A.460
Requirements for trusts.
Section
119A.470
Conveyance of project to trustee before close of escrow for first sale.
Section
119A.475
Action by purchaser or Administrator for misrepresentation or other violation.
Section
119A.480
Requirements if developer holds leasehold interest.
Section
119A.485
Developer to provide to board copy of approved public offering statement and amendments thereto.
Section
119A.495
Withdrawal of units from time-share plan; conditions of withdrawal; exceptions.
Section
119A.497
Relocation of boundaries between adjoining units.
Section
119A.500
Partition of unit.
Section
119A.510
Replacement or compensation if unit unavailable.
Section
119A.515
Publication of information concerning owners: Maintenance of records; consent required; exceptions.
Section
119A.520
Members of association for time-share plan; incorporation of association; proxies.
Section
119A.522
Period of developer’s control of association; representation of owners on board.
Section
119A.524
Reserved rights of developer.
Section
119A.525
Relocation of certain time shares by developer; conditions of relocation; recordation.
Section
119A.526
Quorum.
Section
119A.528
Removal of member of board; indemnification and defense of member of board.
Section
119A.529
Solicitation of votes and proxies by owner; requirements for mailing by managers and boards.
Section
119A.530
Written agreement for management of time-share plan and project; disclosure of certain fees, compensation or other property by manager.
Section
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 licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
119A.532
Registration of managers; form for registration; fee. [Effective on 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 licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]
Section
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.
Section
119A.534
Disclosure statement to be submitted by certain managers; regulations.
Section
119A.540
Annual budget; assessments for unsold time shares.
Section
119A.542
Conduct and contents of study of reserves; review of study and necessary adjustments to reserves; regulations.
Section
119A.550
Assessment upon time share; notice of assessment; liens; enforcement of liens.
Section
119A.552
Statement of unpaid assessments.
Section
119A.560
Power of sale; notice of sale.
Section
119A.570
Insurance.
Section
119A.580
Consent required for liens for labor, services or materials; when consent deemed given.
Section
119A.590
Information to be furnished to purchasers by developer.
Section
119A.600
Information to be furnished by company offering program.
Section
119A.620
Information to be furnished to Division and secretary of association; liability for information and representations.
Section
119A.630
Administrator to appoint hearing officer.
Section
119A.640
Powers of Administrator or hearing officer.
Section
119A.650
District court to enforce Administrator’s subpoenas.
Section
119A.652
Inspections by Division; penalty for failure to cooperate; regulations.
Section
119A.653
Confidentiality of records: Certain records relating to complaint or investigation deemed confidential; certain records relating to disciplinary action deemed public records.
Section
119A.654
Disciplinary action against developer.
Section
119A.655
Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Complaint; hearing; notice.
Section
119A.656
Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Answer; limitation on proceeding.
Section
119A.657
Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Decision of hearing officer.
Section
119A.658
Procedure for imposing fine or revoking, suspending or denying renewal of license or permit: Appeal of decision of hearing officer.
Section
119A.659
Expiration, revocation or surrender of license or permit does not prohibit disciplinary action against holder thereof.
Section
119A.660
Enforcement of chapter and protection of purchasers by Administrator.
Section
119A.665
Appointment of receiver.
Section
119A.670
Action by Real Estate Commission against project broker or supervising licensee.
Section
119A.675
Administrative fine for engaging in certain conduct without license, permit, certificate, registration or authorization; procedure for imposition of fine; judicial review; exceptions.
Section
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 number or alternative personally identifying number.
Section
119A.680
Acting as project broker, supervising licensee, sales agent, representative, manager or time-share resale broker without license or registration.
Section
119A.690
Falsifying application; failure to submit annual report.
Section
119A.700
False or misleading advertising.
Section
119A.702
Restrictions on promotional material; completion of improvements portrayed in promotional material.
Section
119A.710
Unfair methods of competition; deceptive or unfair acts.
Section
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.
Section
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; exception.
Section
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.
Section
119A.4777
Requirements for agreement for resale of time share; time-share resale broker to provide copy of agreement to owner.
Section
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.