Section 361.934 - Payment in lump sumIf a titleholder chooses to pay in a lump sum:
1. The titleholder shall remit payment within 90 days after the State Treasurer provides notice of the amount of the lump sum. If the lump sum is not received by the State Treasurer within that period, the State Treasurer will recalculate the cost of the certificate.2. The titleholder will have the option of signing an agreement that the lump-sum cost may be recalculated if improvements are made which increase the taxable value of the property at least 20 percent over the taxable value of the property at the time the lump-sum cost was determined. If the titleholder signs such an agreement, the State Treasurer will reduce the lump-sum cost.Nev. Admin. Code § 361.934
Added to NAC by St. Treasurer by R088-01, eff. 10-22-2001