Nev. Admin. Code § 119B.440

Current through December 31, 2024
Section 119B.440 - Financial assurance of ability to meet financial commitment

The division may require as a condition to its approval of a program for the sale of memberships which includes the use of a sweepstakes, vacation or gift certificate, that the developer file with the division a bond, letter of credit or other financial assurance approved by the administrator in an amount which ensures that he will be able to meet his financial commitment.

Nev. Admin. Code § 119B.440

Added to NAC by Real Estate Div., eff. 2-18-87