reglab/housing_qa huggingface dataset:
NV Rev Stat § 689.225 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.225 - Agent’s license required; exception; administrative fine.

  1. It is unlawful for any person to solicit the sale of a prepaid contract in this state on behalf of a seller unless the person holds a valid agent’s license issued by the Commissioner.  2. This section does not apply to a seller who holds a valid seller’s certificate of authority.  3. A person who solicits the sale of a prepaid contract in this state without a license is subject to an administrative fine of not more than $1,000 for each violation.  (Added to NRS by 1971, 1396; A 1987, 1263; 2001, 2216)
NV Rev Stat § 689.245 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.245 - Agent’s license: Issuance; denial.

  1. If the Commissioner finds that the application is complete and the applicant meets the requirements of NRS 689.235 after an investigation not to exceed 30 days, the Commissioner shall issue at the request of the holder of a valid seller’s certificate of authority an agent’s license to the applicant.  2. If the license is denied the Commissioner shall immediately notify the applicant and the seller whom the applicant was to represent setting forth the reasons for the denial.  (Added to NRS by 1971, 1397; A 1987, 1264)
NV Rev Stat § 689.255 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.255 - Agent’s license: Expiration; renewal; fees for renewal; validity. [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.]

  1. Each agent’s license issued pursuant to NRS 689.150 to 689.375, inclusive, continues in force for 3 years unless it is suspended, revoked or otherwise terminated.  2. An agent’s license may be renewed at the request of the holder of a valid seller’s certificate of authority, upon filing a written request for renewal accompanied by all applicable fees for renewal and the statement required pursuant to NRS 689.258. All applicable fees for renewal are nonrefundable.  3. Any license not so renewed expires at midnight on the last day of the month specified for its renewal. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the license if the request is accompanied by a fee for renewal of 150 percent of all applicable fees otherwise required, except for any fee required pursuant to NRS 680C.110, and the statement required pursuant to NRS 689.258.  4. An agent’s license is valid only while the agent is employed by a holder of a valid seller’s certificate of authority.  (Added to NRS by 1971, 1397; A 1981, 1807; 1987, 465, 1264; 1997, 2199; 2009, 1808)
NV Rev Stat § 689.255 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.255 - Agent’s license: Expiration; renewal; fees for renewal; validity. [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.]

  1. Each agent’s license issued pursuant to NRS 689.150 to 689.375, inclusive, continues in force for 3 years unless it is suspended, revoked or otherwise terminated.  2. An agent’s license may be renewed at the request of the holder of a valid seller’s certificate of authority, upon filing a written request for renewal accompanied by all applicable fees for renewal, which are nonrefundable.  3. Any license not so renewed expires at midnight on the last day of the month specified for its renewal. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the license if the request is accompanied by a fee for renewal of 150 percent of all applicable fees otherwise required, except for any fee required pursuant to NRS 680C.110.  4. An agent’s license is valid only while the agent is employed by a holder of a valid seller’s certificate of authority.  (Added to NRS by 1971, 1397; A 1981, 1807; 1987, 465, 1264; 1997, 2199; 2009, 1808, 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)
NV Rev Stat § 689.258 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.258 - Payment of child support: Statement by applicant for agent’s license; grounds for denial of agent’s license; duty of Commissioner. [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.]

  1. An applicant for the issuance or renewal of an agent’s license pursuant to this chapter shall submit to the Commissioner the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520. The statement must be completed and signed by the applicant.  2. The Commissioner shall include the statement required pursuant to subsection 1 in:  (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or  (b) A separate form prescribed by the Commissioner.  3. An agent’s license may not be issued or renewed by the Commissioner pursuant to this chapter if the applicant:  (a) Fails to submit the statement required pursuant to subsection 1; or  (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.  4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Commissioner shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.  (Added to NRS by 1997, 2198)
NV Rev Stat § 689.262 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.262 - Suspension of agent’s license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of agent’s license. [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.]

  1. If the Commissioner receives a copy of a court order issued pursuant to NRS 425.540 that provides for the suspension of all professional, occupational and recreational licenses, certificates and permits issued to a person who is the holder of an agent’s license issued pursuant to this chapter, the Commissioner shall deem the license issued to that person to be suspended at the end of the 30th day after the date on which the court order was issued unless the Commissioner receives a letter issued to the holder of the license by the district attorney or other public agency pursuant to NRS 425.550 stating that the holder of the license has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.  2. The Commissioner shall reinstate an agent’s license issued pursuant to this chapter that has been suspended by a district court pursuant to NRS 425.540 if the Commissioner receives a letter issued by the district attorney or other public agency pursuant to NRS 425.550 to the person whose license was suspended stating that the person whose license was suspended has complied with the subpoena or warrant or has satisfied the arrearage pursuant to NRS 425.560.  (Added to NRS by 1997, 2198)
NV Rev Stat § 689.265 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.265 - Agent’s license: Revocation; suspension.

The Commissioner may proceed against an agent’s license in the same manner as provided in NRS 689.215 if the agent:  1. Obtained the license through misrepresentation or concealment of a material fact.  2. Is no longer qualified for such a license.  3. Knowingly violates any provision of NRS 689.150 to 689.375, inclusive, or any lawful order or regulation of the Commissioner.  (Added to NRS by 1971, 1397; A 1987, 1265)
NV Rev Stat § 689.275 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.275 - Prepaid contracts: Content; entire agreement; rescission.

  1. All forms for a prepaid contract offered or sold in this state must contain:  (a) The names and addresses of the seller, buyer, beneficiary and trustee and of each performer;  (b) A clear and unambiguous statement of the services and property to be supplied and by whom;  (c) The purchase price of each item of supply or service and how payable;  (d) The date and place of execution;  (e) Other reasonable and appropriate provisions as prescribed by the Commissioner by regulation;  (f) The full percentage of the sales commission to be retained by the seller;  (g) The seller’s or his or her agent’s signature on the original contract and his or her identification by name and title on any duplicate copy of the contract given to the buyer;  (h) A provision in 14-point type or larger, stating in substance that the buyer is permitted to return the contract within 10 days after its delivery to the buyer and to have the full purchase price or amount paid thereon refunded if the buyer is not satisfied with it for any reason;  (i) In print on its face sheet, in 14-point type or larger, a notice stating, "This is not an insurance contract."; and  (j) A provision for the return of the net purchase price at any time before the services are performed by the seller.  2. The written contract, when signed, constitutes the entire agreement between the parties relative to its subject matter.  3. If the buyer, pursuant to the provision required by paragraph (h) of subsection 1, returns the contract to the seller at the branch or home office of the seller or to the agent through whom it was purchased, the contract is void from the beginning and the parties return to the same position they occupied before the contract was entered into.  (Added to NRS by 1971, 1397; A 1987, 1265)
NV Rev Stat § 689.285 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.285 - Prepaid contracts: Approval and disapproval of forms.

  1. A seller shall not offer, sell or deliver in this state any prepaid contract unless the form of the contract has been filed with and approved in writing by the Commissioner.  2. The Commissioner shall disapprove any form of contract which the Commissioner finds:  (a) Printed or reproduced in such a manner as to be substantially illegible in whole or in part;  (b) Contains ambiguous or misleading provisions, clauses or titles;  (c) Includes or combines in the prepaid contract provisions for the purchase of a cemetery plot and incidental burial services; or  (d) Does not comply or is inconsistent with any applicable requirement of NRS 689.150 to 689.375, inclusive, or for other good cause shown.  3. No amendment or modification of any form may be made unless the amendment or modification has been filed with and approved in writing by the Commissioner.  4. Each filing is subject to a waiting period of up to 30 days before it becomes effective.  5. Upon written application by the holder of a seller’s certificate of authority, the Commissioner may authorize a filing which the Commissioner has reviewed to become effective before the expiration of the waiting period or any extension thereof.  6. A filing shall be deemed to meet the requirements of NRS 689.150 to 689.375, inclusive, unless disapproved by the Commissioner within the waiting period or any extension thereof.  (Added to NRS by 1971, 1398; A 1987, 1266)
NV Rev Stat § 689.295 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.295 - Prepaid contracts: Credit life insurance.

If the purchase price for a prepaid contract is to be paid in installments, the seller may make available to the buyer credit life insurance on a form and terms filed with and approved by the Commissioner. The buyer must be provided with a certificate of the credit insurance by the seller or as otherwise required by the Commissioner.  (Added to NRS by 1971, 1398; A 1987, 1266)
NV Rev Stat § 689.305 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.305 - Prepaid contracts: Maximum sales commission.

The sales commission on any prepaid contract shall not exceed 25 percent of the purchase price.  (Added to NRS by 1971, 1399)
NV Rev Stat § 689.315 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.315 - Prepaid contracts: Maintenance and administration of trust fund.

  1. Except as otherwise provided in subsection 2:  (a) The seller shall establish and maintain a trust fund with an authorized trustee, for the benefit of the beneficiary of the prepaid contract, in accordance with the trust agreement filed with and approved by the Commissioner.  (b) The seller shall maintain unimpaired and shall deposit in the trust fund, within 15 days after the end of the month in which payment was received, all installments received on prepaid contracts sold after the sales commission has been deducted.  (c) The trustee shall, with respect to the money in the trust fund, exercise the judgment and care under the circumstances then prevailing which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not in regard to speculation, but in regard to the permanent disposition of their money, considering the probable income as well as the probable safety of their capital. Within the limitations of such standards, and subject to any express provision or limitation contained in any particular trust instrument, a trustee may acquire and retain every kind of investment, specifically including bonds, debentures and other corporate obligations and stocks, preferred or common, which persons of prudence, discretion and intelligence acquire or retain for their own account.  (d) Except as otherwise provided in NRS 689.150 to 689.375, inclusive, or the trust agreement approved in writing by the Commissioner or as may be required by an order of a court of competent jurisdiction, the trustees shall maintain the trust fund intact and unimpaired and shall make no other payment or disbursement from the trust fund.  2. The requirements of subsection 1 do not apply if:  (a) The prepaid contract is payable solely from the proceeds of a policy of life insurance; and  (b) The seller of the prepaid contract does not collect any money from the purchaser of the prepaid contract.  (Added to NRS by 1971, 1399; A 1987, 1266; 1997, 1626; 2007, 3324)
NV Rev Stat § 689.325 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.325 - Prepaid contracts: Distributions to seller from trust fund; financial reports of trustee.

  1. Not more than 75 percent of the earnings of such investments, including capital gains, as they accrue and are received, may be disbursed by the trustee to the seller or the designee of the seller. The remainder of any earnings must be held by the trustee to establish a reserve for securities valuation until the reserve equals 25 percent of the total trust liabilities.  2. The trustee shall maintain in the trust fund an amount of money equal to 125 percent of the total trust liabilities.  3. If money in the trust fund is invested or reinvested in:  (a) Securities which are issued or guaranteed by the United States of America;  (b) Bonds of this state or the bonds of any other state;  (c) Bonds of counties or municipalities of any state;  (d) Deposits in any bank, credit union, savings and loan association or savings bank that is federally insured or insured by a private insurer approved pursuant to NRS 672.755; or  (e) With the written approval of the Commissioner, any investment which would have guaranteed liquidity,  then no earnings of those investments, including capital gains, if any, as such earnings accrue and are received, may be disbursed by the trustee to the seller or the designee of the seller which would reduce the corpus of the trust fund below 100 percent of the required value of the trust. Earnings in excess of 100 percent of the required value of the trust or 125 percent of the total trust liability, whichever is appropriate, may be distributed annually.  4. Earnings are defined as any sum remaining in the trust fund after deducting costs of administration over and above 100 percent of the required value of the trust.  5. Every trustee handling money in a trust fund pursuant to NRS 689.150 to 689.375, inclusive, shall file with the Commissioner, within 15 days after the first day of each calendar quarter, a financial statement showing the activity of all trusts required to be maintained by any seller and the total market value of each trust as of the first day of the calendar quarter. The statement must be on forms prescribed and adopted by the Commissioner. Every quarterly report must be accompanied by a fee of $10. If the statement is not received by the Commissioner as required, the Commissioner may, after giving the seller 10 days’ written notice, revoke the seller’s certificate of authority.  6. The trust must be valued quarterly and averaged annually to determine the total value of the trust. If the average market value as of December 31 of each year is below 100 percent of the required value of the trust or 125 percent of the total trust liability, the Commissioner may suspend the seller’s certificate of authority until the deficiency is made up.  (Added to NRS by 1971, 1399; A 1987, 1267; 1999, 1551)
NV Rev Stat § 689.345 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.345 - Prepaid contracts: Net purchase price to be available on termination by buyer, estate or heirs.

The net purchase price of the preneed contract shall be available to the buyer or the estate or heirs of the buyer at any time prior to performing the service described in the preneed contract upon written notice to the seller and trustee of the intent of the buyer or the estate or heirs of the buyer to terminate the preneed contract and withdraw trust funds attributable to the buyer.  (Added to NRS by 1971, 1400)
NV Rev Stat § 689.355 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.355 - Prepaid contracts: Termination by buyer.

  1. Except as otherwise provided in subsection 2, if the buyer moves to another geographic area beyond the normal facilities of the seller and performers under the prepaid contract, the contract automatically terminates upon the buyer’s written notice to the seller and trustee of the buyer’s move and of the buyer’s desire to terminate the contract. The trustee, as soon as reasonably possible after receipt of the notice, shall refund to the buyer all money in the trust fund, including earned interest, held for the buyer’s account.  2. If the contract continues in force and the buyer is not in default thereunder, upon the demise of the contract beneficiary, the contract automatically terminates. Upon termination, the seller shall refund to the buyer or to the representative or estate of the buyer, or transfer to a substituted performer, if any, all money paid on the contract.  (Added to NRS by 1971, 1400; A 1987, 1268; 2001, 2216)
NV Rev Stat § 689.365 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.365 - Prepaid contracts: Termination on insolvency or other inability of seller to perform; distribution of money in trust fund.

  1. An executory prepaid contract automatically terminates if the seller or any performer under the contract goes out of business, dies, becomes insolvent or bankrupt, makes an assignment for the benefit of creditors or is otherwise unable to fulfill the obligations under the contract unless, within 30 days after the going out of business, death, insolvency or bankruptcy of the seller, or within any extension of time granted by the Commissioner, the contract is assigned to a holder of a valid seller’s certificate of authority who agrees in writing to accept the liabilities under the contract and agrees to fulfill all obligations set forth therein.  2. Upon any such termination, the money in the trust fund, including earned interest, held by the trustee for the account of the buyer must be distributed by the trustee to the buyer or to a qualified seller or performer assuming the outstanding contractual liabilities, as authorized by the Commissioner.  (Added to NRS by 1971, 1400; A 1987, 1268; 2001, 2216)
NV Rev Stat § 689.375 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.375 - Records of seller; examination by Commissioner.

  1. Every seller shall keep:  (a) Accurate accounts, books and records of all transactions;  (b) Copies of all agreements and dates and amounts of payments made and accepted;  (c) The names and addresses of the contracting parties; and  (d) The persons for whose benefit the payments are accepted and the names of the depositories in which the payments are deposited.  2. The seller shall keep within this State, at the address shown upon the certificate of authority, complete records of all transactions made under the certificate of authority of the seller. Those records and the affairs of the seller are subject to audit and examination by the Commissioner at any reasonable time. The seller shall keep such records for not less than 5 years after the completion of all transactions to which they relate.  (Added to NRS by 1971, 1401; A 1987, 1269)
NV Rev Stat § 689.450 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.450 - Definitions.

As used in NRS 689.450 to 689.595, inclusive, unless the context otherwise requires, the words and terms defined in NRS 689.455 to 689.475, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 1987, 1251)
NV Rev Stat § 689.455 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.455 - "Burial merchandise" defined.

Burial merchandise means those items normally supplied by a cemetery authority under a preneed sales agreement, including urns, memorials, scrolls, vases, foundations, bases and other similar merchandise, but does not include the sale of space for interment, entombment or inurnment.  (Added to NRS by 1987, 1251)
NV Rev Stat § 689.460 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.460 - "Burial services" defined.

Burial services means those services normally performed by a cemetery authority under a preneed sales agreement for the opening and closing of graves, crypts and niches, and other services in relation thereto.  (Added to NRS by 1987, 1251)