reglab/housing_qa huggingface dataset:
NV Rev Stat § 689.465 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.465 - "Cemetery authority" defined.

Cemetery authority means any natural person, partnership, corporation, association or cemetery district owning or controlling lands or property for a cemetery and engaged in the operation of a cemetery in this State which provides endowment care or sells burial merchandise or services under prepaid contracts.  (Added to NRS by 1987, 1251; A 1993, 2617)
NV Rev Stat § 689.470 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.470 - "Performer" defined.

Performer means any person designated in the prepaid contract to furnish the burial merchandise and supplies and to perform the services covered by the contract, on the demise of the beneficiary.  (Added to NRS by 1987, 1251)
NV Rev Stat § 689.475 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.475 - "Prepaid contract" defined.

  1. "Prepaid contract" means any contract under which, for a specified consideration paid in advance in a lump sum or by installments or payable solely from the proceeds of a policy of life insurance, the seller of the contract guarantees or promises, either before or upon the death of a beneficiary named in or otherwise ascertainable from the contract, to provide burial services and to furnish adaptable or suitable personal property, merchandise, supplies or facilities in connection with such services.  2. "Prepaid contract" does not include a contract of insurance or any instrument in writing whereby any charitable, religious, benevolent or fraternal benefit society, corporation, association, institution or organization, not having for its object or purpose pecuniary profit, promises or agrees to embalm, inter or otherwise dispose of the remains of any person, or to procure or pay the expenses, or any part thereof, for embalming, interring or otherwise disposing of the remains of any person.  (Added to NRS by 1987, 1252; A 2007, 3324)
NV Rev Stat § 689.480 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.480 - Applicability.

  1. It is unlawful for any person to receive, hold, control or manage money or proceeds received or derived from the sale of, or from a contract to sell, any personal property, equipment, merchandise or supplies of any description not then already existing, available, deliverable and suitable for use in, or for the performance of, any services connected with the interment, entombment or inurnment of the remains of any deceased person, whether any such payment is made in lump sum or on an installment basis, before the demise of the contract beneficiary for whom purchased, unless the provisions of NRS 689.450 to 689.595, inclusive, are complied with.  2. The provisions of subsection 1 do not apply to:  (a) The sale of grave plots, interests in land of a cemetery or space in a mausoleum vault or crypt or columbarium niche by any cemetery authority otherwise authorized to make such sales under NRS 689.450 to 689.595, inclusive, which sales must be separated and distinctly defined in any agreement for burial merchandise and services.  (b) A bona fide prepaid agreement whereby a cemetery authority is to furnish burial merchandise and services to a person who has a medically diagnosed terminal illness and which agreement is entered into and fully performed by the cemetery authority within 60 days of the date medically predicted for the demise of the beneficiary named in any such agreement.  (Added to NRS by 1987, 1252)
NV Rev Stat § 689.485 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.485 - Seller’s permit required; exception; administrative fine.

  1. It is unlawful for any cemetery authority, or any person on behalf of a cemetery authority, to offer or sell any burial merchandise or services under a prepaid contract unless the cemetery authority has been issued a seller’s permit by the Commissioner.  2. Subsection 1 does not apply to cemeteries owned and operated by governmental agencies.  3. A person who offers or sells any burial merchandise or services under a prepaid contract in this state in violation of the provisions of this section is subject to an administrative fine of not more than $1,000 for each violation.  (Added to NRS by 1987, 1252; A 1993, 2617; 2001, 2217)
NV Rev Stat § 689.495 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.495 - Permit: Surety bond required.

  1. Except as otherwise provided in subsection 2:  (a) Before the issuance of a permit to a seller, the seller shall post with the Commissioner and thereafter maintain in force a bond in the principal sum of $50,000 issued by an authorized corporate surety in favor of the State of Nevada, or a deposit of cash or negotiable securities or a combination of cash and negotiable securities. If a deposit is made in lieu of a bond, the deposit must at all times have a market value not less than the amount of the bond required by the Commissioner.  (b) The bond or deposit must be held for the benefit of buyers of prepaid contracts, and other persons as their interests may appear, who may be damaged by misuse or diversion of money by the seller or the agents of the seller, or to satisfy any judgments against the seller for failure to perform a prepaid contract. The aggregate liability of the surety for all breaches of the conditions of the bond must not exceed the sum of the bond. The surety on the bond has the right to cancel the bond upon giving 30 days’ notice to the Commissioner and thereafter is relieved of liability for any breach of condition occurring after the effective date of the cancellation.  (c) A permit issued to a seller is automatically suspended if the seller does not file with the Commissioner a replacement bond before the date of cancellation of the previous bond. A replacement bond must meet all requirements of this subsection for the initial bond.  (d) The Commissioner shall release the bond or deposit after the seller has ceased doing business as such and the Commissioner is satisfied of the nonexistence of any obligation or liability of the seller for which the bond or deposit was held.  2. The Commissioner may waive the requirements of subsection 1 if the seller agrees:  (a) To offer for sale only prepaid contracts that are payable solely from the proceeds of a policy of life insurance; and  (b) Not to collect any money from the purchaser of a prepaid contract.  (Added to NRS by 1987, 1253; A 1993, 2617; 2007, 3325; 2017, 2357)
NV Rev Stat § 689.500 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.500 - Permit: Issuance; denial.

  1. If the Commissioner finds that the application is complete, that the cemetery authority is in compliance with all requirements therefor, that the applicant otherwise qualifies under the provisions of NRS 689.450 to 689.595, inclusive, and upon satisfactory evidence that a burial merchandise and service trust fund has been established, the Commissioner shall issue a seller’s permit to the applicant.  2. The Commissioner shall refuse to issue a seller’s permit to any applicant who does not comply with or otherwise meet the requirements of NRS 689.450 to 689.595, inclusive. Upon such refusal, the Commissioner shall give written notice thereof to the applicant setting forth the reasons for the refusal.  (Added to NRS by 1987, 1253; A 1993, 2618)
NV Rev Stat § 689.505 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.505 - Permit: Expiration; renewal; fees for renewal.

  1. Each seller’s permit issued pursuant to NRS 689.450 to 689.595, inclusive, continues in effect for 3 years unless it is suspended, revoked or otherwise terminated.  2. The Commissioner shall renew a seller’s permit upon receiving a written request for renewal from the seller, accompanied by all applicable fees for renewal, which are not refundable, if the Commissioner finds that the seller is, at that time, in compliance with all applicable provisions of NRS 689.450 to 689.595, inclusive.  3. A permit which is not renewed expires at midnight on the last day specified for its renewal. The Commissioner may accept a request for renewal received by the Commissioner within 30 days after the expiration of the permit 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.  (Added to NRS by 1987, 1254; A 1993, 2618; 2009, 1809)
NV Rev Stat § 689.510 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.510 - Permit: Revocation; suspension.

  1. After giving written notice of charges to the seller, not less than 30 days in advance of a hearing, the Commissioner may, after the hearing, revoke the seller’s permit if the seller:  (a) Obtained the permit through misrepresentation or concealment of a material fact;  (b) Is no longer qualified for such a permit; or  (c) Violates any provision of NRS 689.450 to 689.595, inclusive, or any lawful order or regulation of the Commissioner.  2. If a seller is found to be in violation of paragraph (c) of subsection 1, the Commissioner may, in lieu of revocation, suspend the seller’s permit for a period not to exceed 90 days.  (Added to NRS by 1987, 1254; A 1993, 2618)
NV Rev Stat § 689.515 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.515 - 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 permit.  3. A person who solicits the sale of a prepaid contract in this state without a license or seller’s permit is subject to an administrative fine of not more than $1,000 for each violation.  (Added to NRS by 1987, 1254; A 1993, 2619; 2001, 2217)
NV Rev Stat § 689.525 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.525 - Agent’s license: Issuance; denial.

  1. If the Commissioner finds that the application is complete and the applicant meets the requirements of NRS 689.520 after an investigation not to exceed 30 days, the Commissioner shall issue at the request of the holder of a valid seller’s permit an agent’s license to the applicant.  2. If the license is denied the Commissioner shall immediately notify the applicant and the seller that the applicant was to represent setting forth the reasons for the denial.  (Added to NRS by 1987, 1255; A 1993, 2619)
NV Rev Stat § 689.530 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.530 - 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 689.450 to 689.595, inclusive, continues in effect for 3 years unless it is suspended, revoked or otherwise terminated.  2. An agent’s license may be renewed, unless it has been suspended or revoked, at the request of the holder of a valid seller’s permit 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 not refundable.  3. The Commissioner may accept a request for renewal which is 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 permit.  (Added to NRS by 1987, 1255; A 1993, 2619; 1997, 2200; 2009, 1810)
NV Rev Stat § 689.530 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.530 - 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 689.450 to 689.595, inclusive, continues in effect for 3 years unless it is suspended, revoked or otherwise terminated.  2. An agent’s license may be renewed, unless it has been suspended or revoked, at the request of the holder of a valid seller’s permit upon filing a written request for renewal accompanied by all applicable fees for renewal, which are not refundable.  3. The Commissioner may accept a request for renewal which is 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 permit.  (Added to NRS by 1987, 1255; A 1993, 2619; 1997, 2200; 2009, 1810, 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 § 689.535 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.535 - Agent’s license: Revocation; suspension.

The Commissioner may proceed against an agent’s license in the same manner as provided in NRS 689.510 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 689.450 to 689.595, inclusive, or any lawful order or regulation of the Commissioner.  (Added to NRS by 1987, 1255)
NV Rev Stat § 689.540 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.540 - 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 merchandise 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; and  (i) In print on its face sheet, in 14-point type or larger, a notice stating, "This is not an insurance contract."  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 1987, 1255)
NV Rev Stat § 689.545 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.545 - 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 cemetery plots and existing burial spaces, unless such sales are separated and distinctly defined as burial merchandise and services; or  (d) Does not comply or is inconsistent with any applicable requirement of NRS 689.450 to 689.595, 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 permit, 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 689.450 to 689.595, inclusive, unless disapproved by the Commissioner within the waiting period or any extension thereof.  (Added to NRS by 1987, 1256; A 1993, 2619)
NV Rev Stat § 689.550 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.550 - 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 1987, 1256)
NV Rev Stat § 689.555 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.555 - Prepaid contracts: Maximum sales commission.

The sales commission on any prepaid contract must not exceed 40 percent of the purchase price.  (Added to NRS by 1987, 1257)
NV Rev Stat § 689.560 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.560 - 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) The trustee shall, except as otherwise provided in NRS 689.450 to 689.595, 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, maintain the trust fund intact and unimpaired and not make any 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 1987, 1257; A 1997, 1627; 2007, 3325)
NV Rev Stat § 689.565 (2021)
2021 Nevada Revised Statutes|Chapter 689 - Funeral and Burial Services|NRS 689.565 - Prepaid contracts: Distributions to seller from trust fund; financial reports of trustee.

  1. Not more than 60 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 his or her designee. The remainder of any earnings must be held by the trustee to establish a reserve for securities valuation until the reserve equals 40 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 has 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 his or her designee 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 689.450 to 689.595, 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 for the fourth quarter must be a summary of all transactions involving the account. 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 permit.  6. The trust must be valued quarterly and averaged annually to determine the total value of the trust. If the average market value of the trust 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 permit until the deficiency is made up.  (Added to NRS by 1987, 1257; A 1993, 2620; 1999, 1551)