reglab/statecodes huggingface dataset:
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Acceptance › Section 104.205 - Refusal to accept document for filing: Document and fee returned

Current through June 11, 2024
If the filing officer finds grounds to refuse to accept a UCC document, the filing officer will return the UCC document to the remitter and refund the filing fee.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Acceptance › Section 104.210 - Filer responsible for legal effectiveness of filing

Current through June 11, 2024
If the filing officer notices a potential defect in a UCC document, whether or not the document was filed or refused for filing, the filing officer may so inform the filer or remitter, but has no duty to do so. The responsibility for the legal effectiveness of a filing rests with the filer and the remitter, and the filing officer has no responsibility for the legal effectiveness of a filing.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Acceptance › Section 104.215 - Filing document found satisfactory after originally refused for filing

Current through June 11, 2024
If a secured party or a remitter demonstrates to the satisfaction of the filing officer that a UCC document which was refused for filing should not have been so refused, the filing officer will:
1. File the UCC document as provided in NAC 104.100 to 104.375, inclusive, with a filing date and time assigned when the filing occurs; and
2. File a filing officer statement that provides the effective date and time of filing, which must be the date and time the UCC document was originally tendered for filing.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.225 - Secured party of record; status of debtor; status of financing statement; lapse date

Current through June 11, 2024
1. Upon the filing of an initial financing statement:
(a) Each secured party named on the initial financing statement must be a secured party of record, except that if the initial financing statement names an assignee, the secured party who is the assignor must not be a secured party of record and the secured party who is the assignee must be a secured party of record.
(b) The status of a debtor named on the initial financing statement must be active. The status of such a debtor must continue as active for 1 year after the financing statement lapses.
(c) The status of the financing statement must be active. A lapse date 5 years after the filing date must be calculated, unless the initial financing statement indicates that it is filed:
(1) With respect to a public-financing transaction or a manufactured-home transaction, in which case the lapse date must be 30 years after the filing date; or
(2) Against a transmitting utility, in which case there must be no lapse date.
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.230 - Action on lapse date

Current through June 11, 2024
If a continuation of a financing statement is not timely filed, the financing statement lapses on its lapse date, but the filing officer will take no action concerning the financing statement at that time. On the first anniversary of the lapse date, the information management system will render the financing statement inactive and the financing statement will no longer be made available to a searcher unless inactive financing statements are requested by the searcher and the financing statement is still retrievable by the information management system.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.235 - Continuation: Date for filing

Current through June 11, 2024
1. The first day on which a continuation of a financing statement may be filed is:
(a) The day of the sixth calendar month preceding the month in which the financing statement will otherwise lapse that corresponds to the day of the month on which the financing statement will otherwise lapse; or
(b) If there is no such corresponding day, the last day of the sixth calendar month preceding the month in which the financing statement will otherwise lapse.
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.240 - Continuation: Amount of extension; effect on status

Current through June 11, 2024
1. Upon the timely filing of a continuation of a financing statement by a secured party of record, the lapse date of the financing statement is extended for 5 years.
2. The filing of a continuation of a financing statement has no effect on the status of any party to the financing statement.
3. Upon the filing of a continuation of a financing statement, the status of the financing statement remains active.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.243 - Addendum form or additional party form must be used to add additional debtors or additional secured parties

Current through June 11, 2024
1. An addendum form or additional party form must be used to add additional debtors or additional secured parties to an initial financing statement or an amendment. If an additional debtor or additional secured party is named on a form or attachment other than an addendum form or additional party form, the additional debtor or secured party will not be filed and indexed pursuant to NRS 104.9519.
2. As used in this section:
(a) "Addendum form" means:
(1) If an initial financing statement is being filed, UCC Financing Statement Addendum, Form UCC1Ad.
(2) If an amendment is being filed, UCC Financing Statement Amendment Addendum, Form UCC3Ad.
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.245 - Effect of amendment to financing statement

Current through June 11, 2024
1. An amendment to a financing statement affects the status of the debtors and secured parties as follows:
(a) An amendment that amends only the description of collateral or one or more addresses has no effect on the status of any debtor or secured party. If such an amendment:
(1) Is authorized by less than all of the secured parties, the amendment affects only the interests of each authorizing secured party.
(2) Adds collateral and is authorized by less than all of the debtors, the amendment affects only the interests of each authorizing debtor.
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.250 - Effect of assignment

Current through June 11, 2024
1. An assignment has no effect on the status of the financing statement.
2. An assignment has no effect on the status of the parties to the financing statement, except that each assignee named in the assignment becomes a secured party of record.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.255 - Effect of filing termination of financing statement

Current through June 11, 2024
1. The filing of a termination of a financing statement has no effect on the status of any party to the financing statement.
2. The filing of a termination of a financing statement has no effect on the financing statement and the financing statement will remain active in the information management system for 1 year after it lapses, unless the termination relates to a financing statement that indicates it is filed against a transmitting utility, in which case the financing statement will become inactive 1 year after it is terminated with respect to all secured parties of record.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Financing Statements › Section 104.260 - Effect of filing information statement

Current through June 11, 2024
The filing of an information statement has no effect on the status of the financing statement.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001; A by R072-11, 5-30-2012; R072-11, 5-30-2012, eff. 7-1-2013
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.300 - Information included

Current through June 11, 2024
1. The filing officer will use an information management system to store, index and retrieve information relating to financing statements and other UCC documents. The information management system will include:
(a) An index of the names of debtors named on financing statements that have not lapsed.
(b) Identification numbers, as follows:
(1) Each initial financing statement will be identified by a unique file number assigned pursuant to NRS 104.9519. The file number will be stamped on a written initial financing statement or otherwise permanently associated with the record maintained for the initial financing statement in the information management system. A record will be created in the information management system for each initial financing statement, and all information composing the record will be maintained in the system. The record will be identified by the same information assigned to the initial financing statement.
(2) A UCC document other than an initial financing statement will be identified by a unique file number assigned by the filing officer. In the information management system, records of all UCC documents other than initial financing statements will be linked to the record of their related initial financing statement.
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.305 - Storage of names of individuals

Current through June 11, 2024
The names of individuals will be stored in files that include only the names of individuals and not the names of organizations. Separate data-entry fields will be established for the first, middle and last names of individuals. A filer shall place the name of a debtor who has only a single name in the last-name field. The filing officer assumes no responsibility for the accurate designation of the components of a name, but will accurately enter the data in accordance with the designation provided by the filer.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.310 - Inclusion of prefix, suffix or title with name of filer

Current through June 11, 2024
1. A filer shall not include in a UCC document:
(a) A prefix or title, including, without limitation, "Doctor," "Reverend," "Mr.," "Ms." and "Mrs."
(b) A suffix or title that is not part of the name of an individual, including, without limitation, "M.D." and "Esq."
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.313 - Acceptable characters

Current through June 11, 2024
When entering information concerning a debtor or secured party into the information management system, the filing officer will not enter any character other than the letters A through Z in any case, the numerals 0 through 9 and the ampersand.
Added to NAC by Sec'y of State by R072-11, eff. 5-30-2012
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.314 - Acceptable punctuation marks

Current through June 11, 2024
1. One or more of the following punctuation marks are acceptable in the name of a secured party or debtor in any UCC document:
(a) A period;
(b) A comma;
(c) A question mark;
(d) An exclamation point;
(e) A colon;
(f) A semicolon;
(g) A hyphen;
(h) Parentheses;
(i) Braces;
(j) Brackets;
(k) Single quotation marks;
(l) Double quotation marks;
(m) A forward slash; and
(n) A backward slash.
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.315 - Use of name of trust or settlor

Current through June 11, 2024
1. If a name is specified for a trust in its organic documents, the full legal name of the trust as set forth in those documents must be used in a UCC document and the trust will be treated as an organization. If a trust is not so named, the name of the settlor must be used. If the settlor is an organization, the name will be treated as an organization name. If the settlor is an individual, the name will be treated as an individual name.
2. A UCC document that uses the name of the settlor must include other information provided by the filer to distinguish the debtor trust from other trusts having the same settlor, and all financing statements filed against trusts or trustees acting with respect to property held in trust must indicate the nature of the debtor. If this is done in, or as part of, the name of the debtor, it will be entered in the information management system as if it were a part of the name.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.320 - Designation of name as individual or organization

Current through June 11, 2024
A filing must designate whether a name is the name of an individual or an organization. If the name is that of an individual, the first and last names must be given, and a middle name or initial and any permissible suffix may be given.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.325 - Names entered as set forth in UCC document

Current through June 11, 2024
1. The filing officer will enter the name of an organization as specified in a UCC document into the information management system exactly as the name of the organization is set forth in the UCC document, even if it appears that multiple names are set forth in the document or if it appears that the name of an individual has been included in the field designated for an organization name.
2. The filing officer will enter the first, middle and last names of an individual and any suffix as specified in a UCC document into the information management system exactly as those names are set forth in the UCC document.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.330 - Correction of error by filing officer

Current through June 11, 2024
The filing officer may at any time correct an error made by his employees in the information management system. If the correction occurs after the filing officer has issued a certification date, the filing officer will file a filing officer statement in the information management system identifying the record to which it relates, specifying the date of the correction and explaining the nature of the corrective action taken. The record will be preserved as long as the record of the initial financing statement is preserved in the information management system.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Information Management System › Section 104.335 - Notification of bankruptcy proceeding

Current through June 11, 2024
The filing officer will take no action upon receipt of notification of a bankruptcy proceeding involving a debtor named in the information management system, regardless of whether that notification is formal or informal.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Search Request › Section 104.350 - Searchable index

Current through June 11, 2024
The filing officer will maintain for public inspection a searchable index for all records of UCC documents. The index will provide for the retrieval of a record by the name of the debtor and by the file number of the initial financing statement and each filed UCC document relating to the initial financing statement.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Search Request › Section 104.355 - Delivery of request

Current through June 11, 2024
A UCC search request may be delivered to the filing officer by any of the methods by which a UCC document may be delivered to the filing officer pursuant to NAC 104.170. A UCC search request concerning a debtor named on an initial financing statement may be made by an appropriate indication on the face of the form for the initial financing statement if the form is entitled to be filed and the appropriate filing fee and search fee are tendered with the initial financing statement.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Search Request › Section 104.360 - Contents of request

Current through June 11, 2024
1. A UCC search request must contain:
(a) The name of the debtor to be searched and whether the debtor is an individual or an organization. A search request will be processed using the name in the exact form it is submitted.
(b) The name and address of the person to whom the search report is to be sent.
(c) The appropriate search fee.
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Search Request › Section 104.365 - Limited search

Current through June 11, 2024
1. A UCC search request may limit the copies requested by limiting the copies to the city of the debtor, the date or range of dates of filing, or the identity of the secured party of record on the financing statement.
2. A report created by the filing officer in response to such a request will contain the following statement: "A limited search may not reveal all filings against the debtor searched, and the requester of the search bears the risk of relying on such a search." The request may ask for copies of UCC documents identified on the primary search request.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Search Request › Section 104.370 - Use of standardized search logic and applicable rules

Current through June 11, 2024
1. Search results will be created by applying standardized search logic to the name presented to the filing officer. Human judgment will not play a role in determining the results of the search.
2. The following rules apply to searches:
(a) There is no limit to the number of matches that may be returned in response to the search criteria.
(b) No distinction will be made between upper and lower case letters.
(c) Punctuation marks and accents will be disregarded.
(d) Words and abbreviations at the end of a name that indicate the existence or nature of an organization as set forth in the "IACA List of Ending Noise Words" adopted by the International Association of Corporation Administrators will be disregarded. The list is hereby adopted by reference and may be obtained free of charge from the Secretary of State, 200 N. Carson Street, Carson City, Nevada 89701-4069, or on the Internet from the website of the International Association of Corporation Administrators at
http://www.iaca.org/sts/
.
(e) The word "the" at the beginning of the search criteria will be disregarded.
(f) All spaces will be disregarded.
(g) For the first and middle names of individuals, initials will be treated as the logical equivalent of all names that begin with those initials. If no middle name or initial is provided, the middle name will be equated with all middle names and initials. For example, a search request for "John A. Smith" will cause the search to retrieve all filings against all individual debtors with "John" as the first name, "Smith" as the last name, and with the initial "A" or any name beginning with "A" in the middle-name field. If the search request were for "John Smith," with no designation in the middle-name field, the search would retrieve all filings against individual debtors with "John" as the first name, "Smith" as the last name, and with any name or initial or no name or initial in the middle-name field.
Nevada Administrative Code › Chapter 104 - Uniform Commercial Code › FILING OF UNIFORM COMMERCIAL CODE DOCUMENT › Search Request › Section 104.375 - Reports resulting from search

Current through June 11, 2024
Reports created in response to a search request will include the following:
1. Identification of the filing officer and the certification of the filing officer required by the UCC.
2. The date the report was generated.
3. Identification of the name searched.
4. The certification date and time for which the search is effective.
5. Identification of each initial financing statement which has not lapsed and which was filed on or before the certification date and time corresponding to the search criteria, by the name of the debtor, the identification number, and the filing date and filing time.
6. For each initial financing statement on the report, a listing of all related UCC documents filed by the filing officer on or before the certification date.
7. Copies of all UCC documents revealed by the search and requested by the person who requested the search.
Added to NAC by Sec'y of State by R084-01, eff. 10-30-2001
NRS 104.9526
Nevada Administrative Code › Chapter 108 - Statutory Liens › GENERAL PROVISIONS › Section 108.010 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 108.020 to 108.060, inclusive, have the meanings ascribed to them in those sections.
Added to NAC by Dep't of Motor Veh. by R116-05, eff. 12-29-2005
NRS 108.26797
Nevada Administrative Code › Chapter 108 - Statutory Liens › GENERAL PROVISIONS › Section 108.030 - "Lien claimant" defined

Current through June 11, 2024
"Lien claimant" means any person who is entitled to a lien pursuant to NRS 108.270 and who meets any of the following definitions:
1. An automobile wrecker as defined in NAC 487.010;
2. A body shop as defined in NRS 487.532;
3. A dealer as defined in NRS 482.020;
4. A garage as defined in NRS 487.540;
5. A salvage pool as defined in NRS 487.400; or
6. An operator of a tow car as defined in NAC 706.4024.
Added to NAC by Dep't of Motor Veh. by R116-05, eff. 12-29-2005
NRS 108.26797
Nevada Administrative Code › Chapter 108 - Statutory Liens › GENERAL PROVISIONS › Section 108.040 - "Recreational vehicle" defined

Current through June 11, 2024
"Recreational vehicle" has the meaning ascribed to it in NRS 108.26775.
Added to NAC by Dep't of Motor Veh. by R116-05, eff. 12-29-2005
NRS 108.26797
Nevada Administrative Code › Chapter 108 - Statutory Liens › GENERAL PROVISIONS › Section 108.050 - "Trailer" defined

Current through June 11, 2024
"Trailer" has the meaning ascribed to it in NRS 108.26795.
Added to NAC by Dep't of Motor Veh. by R116-05, eff. 12-29-2005
NRS 108.26797
Nevada Administrative Code › Chapter 108 - Statutory Liens › LIENS FOR STORAGE, MAINTENANCE, KEEPING OR REPAIR OF CERTAIN VEHICLES › Section 108.100 - Lien sale of vehicle: Request for information from and cooperation with Department concerning stolen vehicle

Current through June 11, 2024
1. At least 7 business days before any lien sale of a vehicle, a lien claimant shall submit a request to the Department for information on whether the vehicle has been reported stolen. The request must be made in the manner and on a form prescribed by the Department.
2. If the vehicle has been reported as stolen, the lien claimant shall cooperate with the Department and provide any information or documentation regarding the vehicle that the Department requests.
Added to NAC by Dep't of Motor Veh. by R116-05, eff. 12-29-2005
NRS 108.26797
Nevada Administrative Code › Chapter 108 - Statutory Liens › LIENS FOR STORAGE, MAINTENANCE, KEEPING OR REPAIR OF CERTAIN VEHICLES › Section 108.110 - Lien sale of vehicle: Duties upon sale; form and contents of required documentation

Current through June 11, 2024
1. Except for a lien sale to a licensed wrecker, when a vehicle is sold as a result of a lien, the lien claimant shall:
(a) Collect from the buyer of the vehicle:
(1) The fee set forth in NRS 482.429 for a certificate of title for a vehicle registered in this State;
(2) Any fees associated with a lien sale affidavit; and
(3) Any applicable taxes pursuant to NRS 372.105 to 372.180, inclusive;
Nevada Administrative Code › Chapter 108 - Statutory Liens › LIENS FOR STORAGE, MAINTENANCE, KEEPING OR REPAIR OF CERTAIN VEHICLES › Section 108.120 - Lien sale of vehicle: Return and resubmission of incomplete or inaccurate document; extension of time to submit or resubmit documents, fees or taxes

Current through June 11, 2024
1. The Department will return to a lien claimant any document submitted by the lien claimant pursuant to NAC 108.110 that is incomplete or contains inaccurate information. The lien claimant may resubmit any document that has been returned to him or her if the lien claimant resubmits the document within 30 days after the date on which the Department returned the document. A lien claimant who fails to resubmit a document that has been returned within the 30-day period shall be deemed to be in violation of this section, unless the lien claimant requests an extension of time pursuant to this section.
2. A lien claimant who wishes to obtain an extension of time to submit or resubmit any documents, fees or taxes required pursuant to this section must submit a request for an extension of time to the Department before the expiration of the period for submitting or resubmitting the documents, fees or taxes.
3. A request for an extension of time must be submitted on a form prescribed by the Department and must include, without limitation:
(a) The name under which the lien claimant does business at the location where the sale or lease of the vehicle occurred;
(b) The mailing address of the location described in paragraph (a);
(c) A description of the vehicle, including, without limitation, the year, make and vehicle identification number of the vehicle;
(d) A copy of the lien sale affidavit and a copy of the lien sale registration certificate; and
(e) An explanation of why the extension is necessary.
Nevada Administrative Code › Chapter 108 - Statutory Liens › LIENS FOR STORAGE, MAINTENANCE, KEEPING OR REPAIR OF CERTAIN VEHICLES › Section 108.130 - Imposition and payment of administrative fines

Current through June 11, 2024
1. Except as otherwise provided in subsection 2, any administrative fine imposed pursuant to NRS 108.357 must be made as follows:
(a) For a first offense within a 3-year period, a fine of at least $100 but not more than $500, unless a consumer suffers substantial personal or financial harm, in which case the fine must be at least $1,500 but not more than $2,500;
(b) For a second offense within a 3-year period, a fine of at least $500 but not more than $1,000, unless a consumer suffers substantial personal or financial harm, in which case the fine must be at least $1,500 but not more than $2,500;
(c) For a third offense within a 3-year period, a fine of at least $1,000 but not more than $1,500, unless a consumer suffers substantial personal or financial harm, in which case the fine must be at least $1,500 but not more than $2,500; and
(d) For a fourth or subsequent offense within a 3-year period, a fine of at least $1,500 but not more than $2,500.
Nevada Administrative Code › Chapter 113 - Sales of Real Property › Section 113.150 - Contents and format of form for disclosing condition of residential property offered for sale

Current through June 11, 2024
1. The form required pursuant to NRS 113.130 for disclosing the condition of residential property offered for sale must include:
(a) All notices required pursuant to subsection 2 of NRS 113.120;
(b) A description of the condition of the property and the foundation of any dwelling unit on the property;
(c) A description of the plumbing and sewer system, including, but not limited to, whether a septic tank exists on the property and the source of the supply of any water to the property;
(d) A description of the condition of the roof and exterior walls of any dwelling unit located on the property;
(e) A description of the condition of any electrical, heating, cooling and plumbing systems on the property, including, but not limited to, the condition of any:
(1) Range, oven or microwave oven;
(2) System for the disposal of garbage or trash;
(3) Mechanism which opens a garage door;
(4) Dishwasher;
(5) Water heater;
(6) Air conditioner;
(7) Smoke detector;
(8) System for the treatment of water;
(9) System for watering grass and other vegetation on the property;
(10) Alarm system;
(11) Bathtub, shower, toilet and sink; and
(12) Pool or spa;
(f) Whether an underground storage or oil tank is on the property;
(g) Whether the property is subject to the rules or regulations of an association of homeowners and whether the seller is aware of any current litigation, mediation, arbitration or special assessments concerning the property or any common areas associated with the property; and
(h) Whether the seller is aware of any other conditions or aspects of the property which will affect its value or use in an adverse manner.
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › Section 116.Sec. 1 - NEW

Current through June 11, 2024
1. If a violation of a provision of the
		  governing documents of an association poses an imminent threat of causing a
		  substantial adverse effect on the health, safety or welfare of the units'
		  owners or residents of the common-interest community, the amount of the fine
		  for such a violation:
(a) In accordance with
		  NRS
		  116.31031, as amended by section 2 of Senate
		  Bill No. 72, chapter 157, Statutes of Nevada 2021, at page 711, must be
		  commensurate with the severity of the violation and determined by the executive
		  board in accordance with the governing documents; and
(b) Must not exceed $5,000 for each
		  violation.
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.010 - Definitions

Current through June 11, 2024
As used in this chapter, unless the context otherwise requires,
				the words and terms defined in NAC
				116.020 to
				116.078, inclusive, have the
				meanings ascribed to them in those sections.
Added to NAC by Real
				Estate Comm'n by R058-98, 6-26-98, eff. 7-1-98; A by R136-99, 4-3-2000; A by
				Comm'n for Common-Interest Communities by R129-04, 4-14-2005; R205-05,
				9-18-2006; A by Comm'n for Common-Interest Communities & Condo. Hotels by
				R165-09, 12-16-2010); A by
				R129-21A,
				eff. 12/29/2022
NRS 116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.013 - "Administrator" defined (Repealed)

Current through June 11, 2024
(Added to NAC by Real
				Estate Comm'n by R136-99, eff. 4-3-2000; A by Comm'n for Common-Interest
				Communities by R129-04, 4-14-2005; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.020 - "Certificate" defined

Current through June 11, 2024
"Certificate" means a certificate, other than a temporary
				certificate, for the management of a common-interest community issued by the
				Division.
Added to NAC by Real
				Estate Comm'n by R058-98, 6-26-98, eff. 7-1-98; A by Comm'n for Common-Interest
				Communities by R129-04, 4-14-2005; A by Comm'n for Common-Interest Communities
				& Condo. Hotels by R165-09, 12-16-2010
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.025 - "Client" defined

Current through June 11, 2024
"Client" means an executive board that has entered into a
				management agreement with a community manager.
Added to NAC by Real
				Estate Comm'n by R136-99, eff. 4-3-2000; A by Comm'n for Common-Interest
				Communities by R129-04, 4-14-2005
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.030 - "Commission" defined (Repealed)

Current through June 11, 2024
Added to NAC by Real
				Estate Comm'n by R058-98, 6-26-98, eff. 7-1-98; A by Comm'n for Common-Interest
				Communities by R129-04, 4-14-2005; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.033 - "Common elements" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'n
				for Common-Interest Communities by R129-04, eff. 4-14-2005; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.035 - "Community manager" defined

Current through June 11, 2024
"Community manager" means a person who holds a certificate or
				temporary certificate and who provides for or otherwise engages in the
				management of a common-interest community.
Added to NAC by Real
				Estate Comm'n by R136-99, eff. 4-3-2000; A by Comm'n for Common-Interest
				Communities by R129-04, 4-14-2005; R205-05, 9-18-2006; A by Comm'n for
				Common-Interest Communities & Condo. Hotels by R165-09,
				12-16-2010
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.037 - "Component inventory" defined

Current through June 11, 2024
"Component inventory" means a list of major components of the
				common elements identified in a reserve study that may require repair,
				replacement or restoration.
Added to NAC by Comm'n
				for Common-Interest Communities by R129-04, eff.
				4-14-2005
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.040 - "Division" defined (Repealed)

Current through June 11, 2024
Added to NAC by Real
				Estate Comm'n by R058-98, 6-26-98, eff. 7-1-98; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.043 - "Executive board" defined (Repealed)

Current through June 11, 2024
Added to NAC by Real
				Estate Comm'n by R136-99, eff. 4-3-2000; A by Comm'n for Common-Interest
				Communities by R129-04, 4-14-2005; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.0433 - "Financial records" defined

Current through June 11, 2024
"Financial records" means the financial or transaction records
				necessary to support the financial statements of an association which include,
				without limitation, receipts, bank statements, income tax reports, reserve
				studies, budgets, contracts, minutes of executive board meetings, inventories,
				investments, expenses, disbursements, obligations, depreciation in property or
				equipment, contingent liabilities and any other records deemed necessary by the
				Division or by the accountants or auditors of an association.
Added to NAC by Comm'n
				for Common-Interest Communities by R205-05, eff.
				9-18-2006
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.0437 - "Guide" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'n
				for Common-Interest Communities by R205-05, eff. 9-18-2006; A by Comm'n for
				Common-Interest Communities & Condo. Hotels by R186-07, 5-5-2011; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.046 - "Major components" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'n
				for Common-Interest Communities by R129-04, eff. 4-14-2005; Added to NAC by
				Comm'n for Common-Interest Communities by R129-04, eff. 4-14-2005; A by
				R050-13,
				eff. 8/10/2015; A by
				R050-13,
				eff. 8/10/2015; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.047 - "Management agreement" defined

Current through June 11, 2024
"Management agreement" means an agreement for the management
				of a common-interest community.
Added to NAC by Real
				Estate Comm'n by R136-99, eff. 4-3-2000; A by Comm'n for Common-Interest
				Communities by R129-04, 4-14-2005
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.050 - "Management of a common-interest community" defined (Repealed)

Current through June 11, 2024
Added to NAC by Real
				Estate Comm'n by R058-98, 6-26-98, eff. 7-1-98; A by Comm'n for Common-Interest
				Communities by R129-04, 4-14-2005; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.065 - "Provisional community manager" defined

Current through June 11, 2024
"Provisional community manager" means a person who has
				fulfilled the educational requirements for certification as set forth in NAC
				116A.120 but has not yet fulfilled the experience requirements for
				certification as set forth in NAC 116A.155. A provisional community manager may
				perform the tasks of a community manager under the supervision of a supervising
				community manager.
Added to NAC by Comm'n
				for Common-Interest Communities by R129-04, eff. 4-14-2005; A by R205-05,
				9-18-2006
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.070 - "Reserve study" defined

Current through June 11, 2024
"Reserve study" means the study required pursuant to NRS
				NRS
				116.31152.
Added to NAC by Comm'n
				for Common-Interest Communities by R129-04, eff.
				4-14-2005
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.075 - "Supervising community manager" defined

Current through June 11, 2024
"Supervising community manager" means a community manager
				who:
1. Meets the qualifications set
			 forth in NAC 116A.165; and
2. Is
			 responsible for the supervision of one or more provisional community managers
			 or community managers.
Added to NAC by Comm'n
				for Common-Interest Communities by R129-04, eff. 4-14-2005; A by R205-05,
				9-18-2006
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.078 - "Temporary certificate" defined

Current through June 11, 2024
"Temporary certificate" means a certificate which is:
1. Valid for only 1 year; and
2. Issued to a person pursuant to the
			 provisions of subparagraph (1) or (2) of paragraph (a) of subsection 1 of NRS
			 NRS
			 116A.410.
Added to NAC by Comm'n
				for Common-Interest Communities & Condo. Hotels by R165-09, eff.
				12-16-2010
NRS
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.080 - "Unit's owner" defined (Repealed)

Current through June 11, 2024
Added to NAC by Comm'n
				for Common-Interest Communities by R205-05, eff. 9-18-2006; R by
				R129-21A,
				eff. 12/29/2022
NRS 116.615,
				  116A.200,
				  116B.805
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.090 - "Limited-purpose association" interpreted

Current through June 11, 2024
1. An association
			 is a limited-purpose association pursuant to subparagraph (1) of paragraph (a)
			 of subsection 6 of NRS
			 NRS
			 116.1201 if:
(a) The association has been created for the
			 sole purpose of maintaining the common elements consisting of landscaping,
			 public lighting or security walls, or trails, parks and open space;
(b) The declaration states that the
			 association has been created as a landscape maintenance association;
			 and
(c) The declaration expressly
			 prohibits:
(1) The association, and not a
			 unit's owner, from enforcing a use restriction against a unit's
			 owner;
(2) The association from
			 adopting any rules or regulations concerning the enforcement of a use
			 restriction against a unit's owner; and
(3) The imposition of a fine or any other
			 penalty against a unit's owner for a violation of a use restriction.
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › GENERAL PROVISIONS › Section 116.095 - Limited-purpose associations: Compliance with certain statutory provisions

Current through June 11, 2024
A limited-purpose association must comply with all the
				provisions of NRS
				NRS
				116.4101 to
				116.412,
				inclusive.
Added to NAC by Comm'n
				for Common-Interest Communities by R205-05, eff.
				9-18-2006
NRS
				  116.1201,
				  116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › PROTECTION OF PURCHASERS › Section 116.151 - Escrow of deposits: Money deemed to be held in this State

Current through June 11, 2024
For purposes of NRS
				NRS
				116.411, money deposited in an escrow account
				in connection with the purchase or reservation of a unit from a person required
				to deliver a public offering statement pursuant to subsection 3 of NRS
				NRS
				116.4102 is deemed to be held in this State
				if the escrow holder:
1. Is authorized
			 to do business in this State;
2.
			 Has appointed a resident agent pursuant to subsection 1 of NRS
			 NRS
			 14.020; and
3. Has consented to the jurisdiction of the
			 courts of this State by:
(a) Maintaining a
			 physical address in this State; or
(b) Executing written consent to such
			 jurisdiction over any lawsuit or claim, whether brought by or against the
			 declarant or purchaser, relating to or arising from the sale of a unit or the
			 related escrow agreement.
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › MANAGEMENT OF COMMON-INTEREST COMMUNITIES › Unit-Owners' Associations › Section 116.385 - Executive board: Submission to Division of contact information for members

Current through June 11, 2024
1. An executive
				board shall provide to the Division the names, individual mailing and
				electronic mail addresses and telephone numbers of the members of the executive
				board in accordance with
				NRS
				116.625. The information required pursuant to
				this subsection must be kept confidential by the Division and may only be used
				by the Division for purposes of notifying a member of the executive board of
				any action or proceeding involving the association or providing Division
				resources.
2. The executive board
				or the community manager for the association shall:
(a) Indicate on a form prescribed by the
				Division any change in the contact information of a member of the executive
				board or any change in the community manager; and
(b) Submit the form to the Division within 30
				days of any such change.
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › MANAGEMENT OF COMMON-INTEREST COMMUNITIES › Unit-Owners' Associations › Section 116.395 - Executive board: Fiduciary duty with respect to institutions holding money of association

Current through June 11, 2024
The executive board has a fiduciary duty to ensure that any
				  institution which holds money of the association:
1. Is authorized to do business in the State
				of Nevada; or
2. Has consented to
				the jurisdiction of the courts of this State.
Added by Comm'n for
				  Common-Interest Communities & Condo. Hotels by R145-06, eff.
				  4-17-2008
NRS
					 116.3103,
					 116.615
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › MANAGEMENT OF COMMON-INTEREST COMMUNITIES › Unit-Owners' Associations › Section 116.405 - Executive board: Determination by Commission of whether members have performed their duties

Current through June 11, 2024
In determining whether a member of the executive board has
				  performed his or her duties pursuant to
				  NRS
				  116.3103, the Commission may consider whether
				  the member of the executive board has:
1. Acted outside the scope of the authority
				granted in the governing documents;
2. Acted for reasons of self-interest, gain,
				prejudice or revenge;
3. Committed
				an act or omission which amounts to:
(a)
				Incompetence;
(b) Negligence or
				gross negligence;
(c) Intentionally
				hindering the ability of the executive board or a member of the executive board
				to conduct business; or
(d) Acting
				without authority granted by the executive board to a member of the
				board;
Nevada Administrative Code › Chapter 116 - Common-Interest Ownership › MANAGEMENT OF COMMON-INTEREST COMMUNITIES › Unit-Owners' Associations › Section 116.410 - Adoption by reference of reporting principles and practices of financial accounting

Current through June 11, 2024
The standards and format to be followed in preparing and
				  presenting the financial statements of an association must be in accordance
				  with generally accepted accounting principles (GAAP) and as set forth in
				  section 972 of the
Accounting Standards Codification
maintained by the Financial Accounting Standards Board.
Added to NAC by Comm'n
				  for Common-Interest Communities by R129-04, eff. 4-14-2005; A by Comm'n for
				  Common-Interest Communities & Condo. Hotels by R186-07, 5-5-2011; A by
				  R129-21A,
				  eff. 12/29/2022
NRS 116.615