NRS 645A.221
Contracts for escrow transaction voidable for certain violations

  • administrative fines.
If a person, or any general partner, director, officer, agent or employee of a person, violates the provisions of NRS 645A.015 or 645A.220:

1.

Any contracts entered into by that person for the escrow transaction are voidable by the other party to the contract; and

2.

In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $50,000.

Source: Section 645A.221 — Contracts for escrow transaction voidable for certain violations; administrative fines., https://www.­leg.­state.­nv.­us/NRS/NRS-645A.­html#NRS645ASec221.

Last Updated

Feb. 5, 2021

§ 645A.221’s source at nv​.us