NRS 119A.340
Issuance of permit before completion of project.

If a project has not been completed before the issuance of a permit to sell time shares, the public offering statement must state the estimated date of completion and:

1.

The developer shall establish to the satisfaction of the Administrator that a bond has been issued in an amount necessary to assure completion of the project free of any liens, which remains in effect until the project is completed free of all liens;

2.

A cash deposit to cover the estimated costs of completing the project must be deposited with an escrow agent under an agreement which is approved by the Administrator; or

3.

The developer shall make any other arrangement which is approved by the Administrator and necessary to safeguard the interests of the public.

Source: Section 119A.340 — Issuance of permit before completion of project., https://www.­leg.­state.­nv.­us/NRS/NRS-119A.­html#NRS119ASec340.

119A.210
Sales agents: Qualifications 119A.212
Sales agents: Application for renewal of license to include information relating to state business license 119A.220
Sales agents: Association with project broker. 119A.230
Sales agents: Disciplinary actions. 119A.233
Provisional sales agents: Qualifications 119A.235
Provisional sales agents: Expiration of licenses 119A.237
Provisional sales agents: Restrictions 119A.240
Representatives: Qualifications for registration. 119A.250
Representatives: Expiration, renewal, reinstatement and transfer of registration. 119A.255
Representatives: Application for renewal of registration to include information relating to state business license 119A.260
Representatives: Prohibited acts 119A.263
Payment of child support: Statement by applicant for sales agent’s license or registration as representative or manager 119A.266
Suspension of sales agent’s license or registration as representative or manager for failure to pay child support or comply with certain subpoenas or warrants 119A.268
Branch offices. 119A.270
Developers: Prohibited acts. 119A.280
Developers: Order to cease 119A.285
Developers: Inapplicability of certain provisions to offer or disposition of certain time shares. 119A.290
Preliminary permits. 119A.300
Requirements for issuance of initial permit. 119A.302
Abbreviated registration: Requirements 119A.304
Developer to file amended statement of record if material change to time-share plan 119A.305
Terms and conditions of supporting documents: Description in public offering statement 119A.307
Filing of public offering statement 119A.310
Grounds for denial of permit 119A.320
Period for action on application. 119A.330
Hearing on denial of application, amendment to statement of record or renewal of permit 119A.340
Issuance of permit before completion of project. 119A.350
Investigation of applicants 119A.355
Renewal of permit. 119A.357
Requirement to notify Division in writing of certain convictions. 119A.358
Creation and maintenance of website through which licenses, permits or registrations may be renewed 119A.360
Fees. 119A.365
Disciplinary action for failure to pay money to Division.
Last Updated

Feb. 5, 2021

§ 119A.340’s source at nv​.us