Nev. Admin. Code § 119A.256

Current through December 31, 2024

Section 119A.256 - Required statement in contract or other instrument used in sale of sampler program

1. Each contract or other instrument that is used in the sale of a sampler program must contain the following statement in at least 10-point bold type above the purchaser's signature line:

The Real Estate Division of the Department of Business and Industry does not regulate or evaluate the sale of this product. No representations to the contrary may be made.

2. As used in this section, "sampler program" means a program that allows a prospective purchaser of a time share to buy an increment of time or occupancy of a limited duration in a time-share plan, normally to be used within 1 year after the date of purchase, for the purpose of determining whether to purchase a time share in the time-share plan.

Nev. Admin. Code § 119A.256

Added to NAC by Real Estate Div. by R135-01, eff. 12-13-2001

NRS 119A.190