NRS 119A.390
Reservation to purchase time share.

A reservation to purchase a time share must:

1.

Be on a form approved by the Division;

2.

Include a provision which grants the prospective purchaser the right to cancel the reservation at any time before the execution of the contract of sale with the full refund of any deposit;

3.

Provide for the placement of any deposit in escrow until a permit is issued by the Administrator pursuant to NRS 119A.320;

4.

Guarantee the purchase price for the time share for a certain period after the issuance of the permit to sell time shares; and

5.

Require that any interest earned on the deposit for the reservation be paid to the prospective purchaser.

Source: Section 119A.390 — Reservation to purchase time share., https://www.­leg.­state.­nv.­us/NRS/NRS-119A.­html#NRS119ASec390.

Last Updated

Feb. 5, 2021

§ 119A.390’s source at nv​.us