reglab/housing_qa huggingface dataset:
NV Rev Stat § 119A.524 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.524 - Reserved rights of developer.

A developer’s reserved rights may include, without limitation, the right to:  1. Add units or real estate to, and withdraw units or real estate from, a time-share plan.  2. Create units, a common area or a limited common area within the project.  3. Subdivide units or convert units into a common area.  4. Make and complete improvements to the project.  5. Maintain sales offices, management offices and signs for advertising the time-share plan, project and models.  6. Enter into a subsidy agreement with the association in lieu of paying the assessments allocated to the time shares owned by the developer.  7. Provide for the establishment of a master association, as defined in NRS 116.063.  8. Merge or consolidate a time-share plan with another time-share plan which has the same form of ownership.  9. Relocate boundaries between adjoining units in accordance with the provisions of this chapter.  (Added to NRS by 2001, 2497)
NV Rev Stat § 119A.526 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.526 - Quorum.

  1. Unless the bylaws of an association specify a larger percentage, a quorum is present throughout any meeting of the association if persons entitled to cast 10 percent of the votes that may be cast are present in person or by proxy at the beginning of the meeting.  2. Unless the bylaws of an association provide otherwise, a quorum shall be deemed to be present throughout a meeting of the board if persons entitled to cast a majority of the votes on that board are present at the beginning of the meeting.  (Added to NRS by 2001, 2497)
NV Rev Stat § 119A.528 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.528 - Removal of member of board; indemnification and defense of member of board.

  1. Notwithstanding any provision of a time-share instrument or the bylaws of an association to the contrary, the owners, by a two-thirds vote of all persons present, in person or by proxy, who are entitled to vote at any meeting of the owners at which a quorum is present, may remove any member of the board, with or without cause, other than a member appointed by the developer.  2. If a member of the board is sued for liability for actions undertaken in his or her role as a member of the board, the association shall indemnify the member for his or her losses or claims, and undertake all costs of defense, unless it is proven that the member acted with willful or wanton misfeasance or with gross negligence. After such proof, the association is no longer liable for the costs of defense, and may recover from the member of the board who so acted, costs already expended. Members of the board are not personally liable to the victims of crimes occurring on the project. Punitive damages may not be recovered against the association, but may be recovered from persons whose activity gave rise to the damages.  (Added to NRS by 2001, 2496)
NV Rev Stat § 119A.529 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.529 - Solicitation of votes and proxies by owner; requirements for mailing by managers and boards.

  1. A manager or, if there is no manager, the board shall:  (a) Establish reasonable procedures by which owners may:  (1) Solicit votes or proxies from other owners; and  (2) Provide information to other owners with respect to legitimate matters of business of the association.  (b) Mail to all persons included in the list of owners materials provided by an owner upon the request of that owner if the purpose of the mailing is to advance legitimate matters of business of the association, including, without limitation, a solicitation of a proxy for any purpose, provided that the owner who requests the mailing:  (1) Provides to the manager or board a separate copy of the materials for each of the owners on the list or, if the mailing is to be transmitted electronically, a single copy of the materials in an electronic format; and  (2) Pays the association the actual costs of the mailing before the mailing.  2. The board is responsible for determining whether a mailing requested pursuant to this section advances legitimate matters of business of the association.  3. The manager or board, as applicable, may determine the manner in which a mailing may be accomplished.  4. For the purposes of this section, "mail" and "mailing" include, without limitation, a distribution made by electronic or similar means, such as the transmission of electronic mail as defined in NRS 41.715.  (Added to NRS by 2011, 3533)
NV Rev Stat § 119A.532 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 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.]

  1. A person who wishes to engage in the business of, act in the capacity of, advertise or assume to act as a manager of a project located in this State shall register with the Division on a form prescribed by the Division.  2. The form for registration must include, without limitation:  (a) The registered name of each time-share plan or project, or both, that the manager will manage;  (b) The address and telephone number of the manager’s principal place of business;  (c) The social security number of the manager; and  (d) The name of the manager’s responsible managing employee.  3. The form for registration must be accompanied by:  (a) Satisfactory evidence, acceptable to the Division, that the manager and his or her employees have obtained fidelity bonds in accordance with regulations adopted by the Division; and  (b) The statement required pursuant to NRS 119A.263.  4. The Division shall collect the fee specified in NRS 119A.360 upon registering the manager and annually thereafter to maintain the registration.  5. As used in this section, "responsible managing employee" means the person designated by the manager to:  (a) Make technical and administrative decisions in connection with the manager’s business; and  (b) Hire, superintend, promote, transfer, lay off, discipline or discharge other employees or recommend such action on behalf of the manager.  (Added to NRS by 2001, 2498; A 2003, 1310; 2013, 3529)
NV Rev Stat § 119A.532 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 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.]

  1. A person who wishes to engage in the business of, act in the capacity of, advertise or assume to act as a manager shall register with the Division on a form prescribed by the Division.  2. The form for registration must include, without limitation:  (a) The registered name of the time-share plan or the project, or both, that the manager will manage;  (b) The address and telephone number of the manager’s principal place of business; and  (c) The name of the manager’s responsible managing employee.  3. The form for registration must be accompanied by satisfactory evidence, acceptable to the Division, that the manager and his or her employees have obtained fidelity bonds in accordance with regulations adopted by the Division.  4. The Division shall collect the fee specified in NRS 119A.360 upon registering the manager and annually thereafter to maintain the registration.  5. As used in this section, "responsible managing employee" means the person designated by the manager to:  (a) Make technical and administrative decisions in connection with the manager’s business; and  (b) Hire, superintend, promote, transfer, lay off, discipline or discharge other employees or recommend such action on behalf of the manager.  (Added to NRS by 2001, 2498; A 2001, 2517; 2003, 1310, 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 § 119A.533 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 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.

  1. In addition to any other requirements set forth in this chapter, an applicant for the renewal of registration with the Division to engage in the business of, act in the capacity of, advertise or assume to act as a manager must indicate in the application submitted to the Division whether the applicant has a state business license. If the applicant has a state business license, the applicant must include in the application the business identification number assigned by the Secretary of State upon compliance with the provisions of chapter 76 of NRS.  2. Registration to engage in the business of, act in the capacity of, advertise or assume to act as a manager may not be renewed by the Division if:  (a) The applicant fails to submit the information required by subsection 1; or  (b) The State Controller has informed the Division pursuant to subsection 5 of NRS 353C.1965 that the applicant owes a debt to an agency that has been assigned to the State Controller for collection and the applicant has not:  (1) Satisfied the debt;  (2) Entered into an agreement for the payment of the debt pursuant to NRS 353C.130; or  (3) Demonstrated that the debt is not valid.  3. As used in this section:  (a) "Agency" has the meaning ascribed to it in NRS 353C.020.  (b) "Debt" has the meaning ascribed to it in NRS 353C.040.  (Added to NRS by 2013, 2724)
NV Rev Stat § 119A.534 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.534 - Disclosure statement to be submitted by certain managers; regulations.

  1. A manager of a project located in this State who enters into or renews an agreement that must comply with the provisions of subsection 3 of NRS 119A.530 shall submit to the association and to the Division a disclosure statement that contains a description of any arrangement made by the manager or an affiliate of the manager relating to:  (a) The resale of time shares on behalf of the association or its members;  (b) Actions taken for the collection of assessments and the foreclosure of liens on behalf of the association or its members;  (c) The exchange or rental of time shares owned by the association or its members; and  (d) The use of the names of the members of the association for purposes unrelated to the duties of the association as set forth in the time-share instrument and this chapter.  2. The disclosure statement must be:  (a) Submitted annually at a time designated by the Administrator and at least 120 days before any date on which the agreement is automatically renewed.  (b) Signed by the manager or an authorized representative of the manager under penalty of perjury.  3. The Administrator shall adopt regulations prescribing the form and contents of the disclosure statements required by this section.  (Added to NRS by 2001, 2498; A 2013, 1586)
NV Rev Stat § 119A.540 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.540 - Annual budget; assessments for unsold time shares.

  1. The association or, if there is no association, the developer shall adopt an annual budget for revenues, expenditures and reserves and collect assessments for the expenses of the time-share plan and the project from the owners. The annual budgets of an association governing a project within this State must be submitted to the Division until such time as the association is controlled by members other than the developer.  2. The association or the developer shall place any money collected for assessments and any other revenues received by or on behalf of the association in an account established by the association.  3. The developer shall pay assessments for any time shares which are unsold or enter into an agreement with the association, in a form approved by the Division, to pay the difference between the actual expenses incurred by the association and the sum of the amounts payable to the association as assessments by owners, other than the developer, and other revenues received by the association. The Division may require the developer to provide a surety bond or other form of security which is satisfactory to the Division, to guarantee payment of the developer’s obligation.  (Added to NRS by 1983, 990; A 1985, 1143; 1987, 1081; 2001, 2510; 2013, 3529)
NV Rev Stat § 119A.542 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.542 - Conduct and contents of study of reserves; review of study and necessary adjustments to reserves; regulations.

  1. The developer or board of an association shall:  (a) Cause to be conducted at least once every 5 years, a study of the reserves required to repair, replace and restore the major components of the project;  (b) Review the results of that study at least annually to determine if those reserves are sufficient; and  (c) Make any adjustments it deems necessary to maintain the required reserves.  2. The study required by subsection 1 must be conducted by a person qualified by training and experience to conduct such a study, including a member of the board or the manager of the time-share plan or the project, or both, who is so qualified. The study must include, without limitation:  (a) A summary of an inspection of the major components of the project;  (b) An identification of the major components of the project which have a remaining useful life of less than 30 years;  (c) An estimate of the remaining useful life of each major component identified pursuant to paragraph (b);  (d) An estimate of the cost of repair, replacement or restoration of each major component identified pursuant to paragraph (b) during and at the end of its useful life; and  (e) An estimate of the total annual assessment that may be required to cover the cost of repairing, replacing or restoring the major components identified pursuant to paragraph (b), after subtracting the reserves of the association as of the date of the study.  3. The Administrator shall adopt by regulation the qualifications required for conducting a study required by subsection 1.  (Added to NRS by 2001, 2497; A 2013, 1586)
NV Rev Stat § 119A.550 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.550 - Assessment upon time share; notice of assessment; liens; enforcement of liens.

  1. The developer or the association may levy and enforce a reasonable assessment upon any time share in accordance with the time-share instrument, which is a debt of the owner thereof at the time the assessment is made. The amount of the assessment plus any other charges thereon, such as interest, costs, attorney’s fees and penalties, as may be provided for in the time-share instrument is a lien upon the time share assessed when the developer or the association causes to be recorded with the county recorder of the county in which the project is located a notice of assessment, which must state:  (a) The amount of the assessment and such other charges thereon as may be authorized by the time-share instrument;  (b) A description of the time share against which the lien has been assessed; and  (c) The name of the owner.  The notice must be signed by an authorized representative of the developer or the association or as otherwise provided in the time-share instrument. Upon payment of the assessment and charges in connection with which the notice has been so recorded, or other satisfaction thereof, the developer or the association shall cause to be recorded a further notice stating the satisfaction and the release of the lien thereof.  2. The lien is prior to all other liens recorded after the recordation of the notice of assessment except that the time-share instrument may provide for the subordination thereof to any other liens and encumbrances. Unless sooner satisfied and released or the enforcement thereof initiated as provided in subsection 3, the lien expires and has no further force or effect 1 year after the date of recordation of the notice of assessment, but the 1-year period may be extended by the developer or the association for a period not to exceed 1 additional year by recording a written extension thereof.  3. The lien may be enforced by sale by the developer or the association, its agent or attorney, after failure of the owner to pay such an assessment in accordance with the terms of the time-share instrument. The sale must be conducted in accordance with the provisions of Covenants Nos. 6, 7 and 8 of NRS 107.030, and NRS 107.090 insofar as they are consistent with the provisions of NRS 119A.560, or in any other manner permitted by law. Unless otherwise provided in the time-share instrument, the developer or the association, if it is a corporation, cooperative association, partnership or natural person, may bid at foreclosure sale and hold, lease, mortgage and convey the time share.  (Added to NRS by 1983, 991; A 2001, 2511)
NV Rev Stat § 119A.552 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.552 - Statement of unpaid assessments.

An association, upon the receipt of a written request, shall furnish to an owner or any lender who has a security interest in a time share or the project, a statement setting forth the amount of unpaid assessments made against the owner’s time share. The statement must be furnished within 10 business days after receipt of the request and is binding on the association, the board and every owner.  (Added to NRS by 2001, 2497)
NV Rev Stat § 119A.570 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.570 - Insurance.

  1. The developer or the association, if it has been formed, shall maintain:  (a) Property insurance on the project and any personal property available for use by the owners in conjunction therewith, other than personal property separately owned by an owner, insuring against all risks of direct physical loss commonly insured against, with a provision agreed to by the lender, that the proceeds must be disbursed for the repair or restoration of the property, and that the owners and lienholders are not entitled to receive payment of any portion of the proceeds unless there is a surplus of proceeds after the property has been completely repaired or restored;  (b) Liability insurance, including insurance for medical payments, in an amount not less than $1,000,000 per occurrence, covering all occurrences commonly insured against for death, bodily injury and property damage arising out of or in connection with the use, ownership or maintenance of the time-share property and units; and  (c) Insurance covering the costs of temporary quarters for the owners and other losses commonly insured against.  2. Each insurance policy carried pursuant to subsection 1 must provide that:  (a) Each owner is an insured person under the policy whether designated as an insured by name individually or as part of a named group or otherwise, as the owner’s interest may appear;  (b) The insurer waives its right to subrogation under the policy against any owner or members of his or her household; and  (c) No act or omission by any owner, unless acting within the scope of his or her authority on behalf of an association, will void the policy or be a condition to recovery by any other person under the policy.  (Added to NRS by 1983, 990; A 1985, 1144; 2001, 2512)
NV Rev Stat § 119A.580 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.580 - Consent required for liens for labor, services or materials; when consent deemed given.

No labor performed or services or materials furnished with the consent of or at the request of an owner may be the basis for the filing of a lien against the time share of any other owner, or against any part thereof, or against any other property of any other owner, unless the other owner has expressly consented to or requested the performance of such labor or furnishing of such materials or services. Express consent shall be deemed to have been given by the owner of any time share in the case of emergency repairs thereto. Labor performed or services or materials furnished for the insured property, if authorized by the association and provided for in the time-share instrument, shall be deemed to be performed or furnished with the express consent of each owner. An owner may remove his or her time share from a lien against two or more time shares or any part thereof by payment to the holder of the lien of the fraction of the total sum secured by such lien which is attributable to his or her time share.  (Added to NRS by 1983, 993; A 2001, 2513)
NV Rev Stat § 119A.600 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.600 - Information to be furnished by company offering program.

If a company intends to offer a program for the exchange of occupancy rights among owners or with the owners of time shares in other time-share plans, or both, directly to a purchaser or owner, the company shall deliver to him or her, before the offering or the execution of any contract between the purchaser or owner and the company offering the program, the information set forth in subsection 1 of NRS 119A.590. The requirements of this section do not apply to any renewal of a contract between an owner and such a company.  (Added to NRS by 1983, 988; A 2001, 2515)
NV Rev Stat § 119A.620 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.620 - Information to be furnished to Division and secretary of association; liability for information and representations.

  1. A company whose program for the exchange of occupancy rights among owners or with the owners of time shares in other time-share plans, or both, is offered to purchasers of time shares in this state shall, on or before July 1 of each year, file with the Division and secretary of the association the information required by subsection 1 of NRS 119A.590 as it relates to that plan.  2. No developer is liable for the use, delivery or publication of information provided to it by the company.  3. Except as otherwise provided in this subsection, no company is liable for:  (a) Any representation made by the developer relating to the program or company.  (b) The use, delivery or publication by the developer of any information relating to the program or company.  Such a company is liable only for the written information provided to the developer by the company.  (Added to NRS by 1983, 988; A 2001, 2515)
NV Rev Stat § 119A.630 (2021)
2021 Nevada Revised Statutes|Chapter 119A - Time Shares|NRS 119A.630 - Administrator to appoint hearing officer.

For any proceeding held pursuant to a provision of this chapter, except a hearing to impose a fine or revoke, suspend or deny the renewal of a license or permit, the Administrator may appoint a hearing officer from the staff of the Department of Business and Industry who shall act as his or her agent and conduct any hearing or investigation which may be conducted by the Administrator pursuant to this chapter. The Administrator shall appoint a hearing officer to conduct a hearing to impose a fine or revoke, suspend or deny the renewal of a license or permit.  (Added to NRS by 1983, 994; A 1987, 892; 1993, 1510; 2001, 530)