Nevada · Regulations
Chapter 119A — TIME SHARES
86 sections
86 sections
- NAC 119A.005Definitions.
- NAC 119A.010“Advertisement” defined.
- NAC 119A.025“Commission” defined.
- NAC 119A.030“Declaration” defined.
- NAC 119A.040“Employment” defined.
- NAC 119A.045“Principal place of business” defined.
- NAC 119A.047“Project instrument” defined.
- NAC 119A.050“Promotional meeting” defined.
- NAC 119A.060“Published material” defined.
- NAC 119A.065“Salesperson” defined.
- NAC 119A.073Check, draft or electronic payment returned for lack of payment; fee.
- NAC 119A.075Sales agent: Application.
- NAC 119A.077Sales agent: Fee for investigation of background of applicant.
- NAC 119A.078Sales agent: Examination required; fee for examination.
- NAC 119A.080Sales agent: Minimum age.
- NAC 119A.081Provisional license: Prerequisites; issuance.
- NAC 119A.082Provisional license: Expiration; termination of employment; denial of application.
- NAC 119A.083Provisional licensee: Restrictions; supervision; commissions.
- NAC 119A.085Sales agent: Grounds for denial of application.
- NAC 119A.090Sales agent: Notice of denial of application; hearing to contest denial.
- NAC 119A.095Sales agent: Invalidation of license.
- NAC 119A.100Branch offices.
- NAC 119A.105Project broker or time-share resale broker: Commingling of certain money prohibited; maintenance, inspection and audit of records; notice to Division of location of records of transaction.
- NAC 119A.110Change of status; requirement that sale or offer to sell be made in association with licensed location.
- NAC 119A.112Sales agent: Application to transfer license to new location.
- NAC 119A.115Project broker: Explanation of termination of sales agent.
- NAC 119A.120Sales agent: Failure to renew and reinstatement of license.
- NAC 119A.125Project broker: Effect of failure to renew or cancellation, revocation or suspension of license.
- NAC 119A.130Project broker: Duties upon termination of license; transfer of employees to another project broker; no refund under certain circumstances.
- NAC 119A.135Failure of sales agent to surrender license: Affidavit showing loss, destruction or theft.
- NAC 119A.140Change of address or employment.
- NAC 119A.147Referral of complaints.
- NAC 119A.150Sales agent: Procedure for revocation or suspension of license.
- NAC 119A.160Hearing: Time and place; record; fees for witnesses; subpoena; participation by Administrator.
- NAC 119A.170Hearing: Procedure.
- NAC 119A.175Rehearing: Procedure.
- NAC 119A.180Hearing: Continuance.
- NAC 119A.185Sales agent: Payment of fees.
- NAC 119A.190Procedure for filing for permit to sell time shares.
- NAC 119A.195Preliminary permit to sell time shares.
- NAC 119A.200Application for permit to sell time shares.
- NAC 119A.201Application for registration as time-share resale broker.
- NAC 119A.202Abbreviated registration: Information and documents to be provided to purchasers; filing of certain documents with Division; renewal.
- NAC 119A.203Abbreviated registration: Application for conversion of existing permit.
- NAC 119A.205Public offering statement.
- NAC 119A.210Material change in plan; service of order to cease.
- NAC 119A.213Developer to file amended statement of record before change of project broker; fee.
- NAC 119A.215Informal meetings.
- NAC 119A.220Requirements for trusts.
- NAC 119A.225Agreement by developer to subsidize costs.
- NAC 119A.230Subordination of interest by holders of certain liens.
- NAC 119A.240General obligations of project brokers and developers; inspection and audit of records.
- NAC 119A.245Duties of project brokers.
- NAC 119A.250Signing contracts; compliance with real estate laws; relationships between licensees.
- NAC 119A.255Requirements of contracts, agreements and other documents used in sale of project.
- NAC 119A.256Required statement in contract or other instrument used in sale of sampler program.
- NAC 119A.257Required disclosure of certain information to purchaser before resale; duties of time-share resale broker.
- NAC 119A.260Time-share representatives.
- NAC 119A.265Responsibility of developer and project broker.
- NAC 119A.270Factors for determining whether licensee engaged in fraudulent or misleading sales techniques or tactics.
- NAC 119A.275Prompt delivery of offers, acceptances and counteroffers.
- NAC 119A.280Sales prohibited if title unmerchantable.
- NAC 119A.285Disclosure of interest to prospective purchaser.
- NAC 119A.290Complaints.
- NAC 119A.305General standards.
- NAC 119A.310Price; predevelopment sale; future price; increase in value.
- NAC 119A.315Improvements and promised improvements.
- NAC 119A.325Potential use of time share.
- NAC 119A.330Reference to facilities or other conveniences; disclosure of types of roads; incomplete public facilities.
- NAC 119A.335Use of maps, pictures and sketches.
- NAC 119A.340Misleading use of testimonials, symbols or names.
- NAC 119A.345Required statements and disclosures.
- NAC 119A.350Reference to right of exchange, resale or repurchase.
- NAC 119A.355Use of certain terms.
- NAC 119A.365Standards for sales techniques and tactics.
- NAC 119A.370Use of sweepstakes, vacation or other gift certificate.
- NAC 119A.375Evidence of 14 hours of required instruction.
- NAC 119A.380Qualifications for instructors.
- NAC 119A.385Approval of course in continuing education.
- NAC 119A.390Reapproval of courses; withdrawal or denial of approval.
- NAC 119A.395Continuing education: Standards for renewal of license.
- NAC 119A.400Continuing education: Standards for courses.
- NAC 119A.450Form for registration as manager.
- NAC 119A.460Disclosure statement for certain managers.
- NAC 119A.470Qualifications of person to conduct reserve study; consultants.
- NAC 119A.600Developer: Registration as exchange company to offer program; amendment to registration; fee.