Nev. Admin. Code § 319.7145
Current through November 8, 2024
When determining whether to approve a loan application, the Division shall review the contract for the sale of land on which the project is to be built. If the contract reveals a high percentage markup of the cost of the land without documented improvements that add value, the Division may disapprove the application or decrease the amount of financing that it will provide by the amount of the markup that is disapproved by the Division.
Nev. Admin. Code § 319.7145
NRS 319.140