NRS 624.520
Contractor to notify owner of rights related to account

  • written statement
  • administrative fine for noncompliance.

1.

A residential contractor shall notify an owner with whom he or she contracts of the rights of the owner pursuant to NRS 624.400 to 624.560, inclusive, including, without limitation, providing a written statement explaining those rights in any agreement or contract for qualified services. The written statement must be in substantially the following form:
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RESIDENTIAL CONSTRUCTION RECOVERY FUND
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Payment may be available from the Recovery Fund if you are damaged financially by a project performed on your residence pursuant to a contract, including construction, remodeling, repair or other improvements, and the damage resulted from certain specified violations of Nevada law by a contractor licensed in this State. To obtain information relating to the Recovery Fund and filing a claim for recovery from the Recovery Fund, you may contact the State Contractors’ Board.
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2.

The Board may impose upon a contractor an administrative fine:

(a)

Of not more than $100 for the first violation of subsection 1; and

(b)

Of not more than $250 for a second or subsequent violation of subsection 1.

3.

The Board shall deposit any money received pursuant to this section in the account established pursuant to NRS 624.470.

Source: Section 624.520 — Contractor to notify owner of rights related to account; written statement; administrative fine for noncompliance., https://www.­leg.­state.­nv.­us/NRS/NRS-624.­html#NRS624Sec520.

Last Updated

Jun. 24, 2021

§ 624.520’s source at nv​.us