Section 119A.310 - Price; predevelopment sale; discount; future price; increase in valueAn advertisement, a piece of promotional material or an oral representation regarding a time-share plan:
1. Which refers to the purchase price of any time share must also clearly disclose any additional compulsory assessment or cost to the prospective purchaser.2. Which refers to a predevelopment sale being at a lower price, because a project within the time-share plan has not yet been completed, must disclose whether there is a good faith plan for such completion and, if there is such a plan, the estimated completion date.3. Must not contain any statement concerning a future increase of the price by the developer which is not specific as to the amount and the date of the increase, and a future increase of the price may not be alluded to unless it is anticipated in good faith.4. Must not state that the value of the land, unit or time share or an interest in the land, unit or time share has increased in the project or the area.Nev. Admin. Code § 119A.310
Added to NAC by Real Estate Div., eff. 12-3-84; A 5-2-86; A by R130-16A, eff. 11/13/2017; A by R130-16AP, eff. 8/30/2018