Nev. Rev. Stat. § 119A.360

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 119A.360 - Fees

1. The Division shall collect the following fees at the time of filing:

For each application for the registration of a representative........................ $100

For each renewal of the registration of a representative.................................. 100

For each transfer of the registration of a representative to a different developer 25

For each penalty for a late renewal of the registration of a representative..... 75

For each preliminary permit to sell time shares................................................ 400

For each initial permit to sell time shares....................................................... 1,500

For each amendment to a statement of record after the issuance of the permit to sell time shares, where no new component sites are added.............................................................................. 200

For each amendment to a statement of record after the issuance of the permit to sell time shares, where one or more new component sites are added, not including the addition of units to a component site previously permitted............................................................................................................................. 500

For each annual renewal of a permit to sell time shares with only one component site 750

For each annual renewal of a permit to sell time shares with more than one component site 1,500

For each initial registration of a time-share resale broker............................... 300

For each renewal of the registration of a time-share resale broker................ 150

For each original and annual registration of a manager................................... 100

For each application for an original license as a sales agent.......................... 200

For each renewal of a license as a sales agent................................................... 200

For each penalty for a late renewal of a license as a sales agent.................... 100

For each registration of a time share exchange company................................ 500

For each conversion to an abbreviated registration....................................... 7,500

For each change of name or address of a licensee or status of a license......... 25

For each duplicate license, permit or registration where the original is lost or destroyed, and an affidavit is made thereof............................................................................................................................... 25

For each annual approval of a course of instruction offered in preparation for an original license or permit 150

For each original accreditation of a course of continuing education............. 150

For each renewal of accreditation of a course of continuing education.......... 75

2. Within 10 days after receipt of written notification from the Administrator of the approval of the application for a permit to sell time shares and before the issuance of the permit to sell time shares, or within 10 days after an amendment that adds time shares to the time-share plan is approved or deemed approved, each developer shall, for each time share that the developer includes in the initial time-share plan or adds to the time-share plan by amendment, pay a one-time fee of:

(a) For each such time share up to and including 1,499 time shares, $3.

(b) For each such time share over 1,499 time shares, $1.50.

For the purposes of calculating the amount of the fee payable under this subsection, "time share" means the right to use and occupy a unit for 7 days or more per calendar year.

3. In addition to the fees imposed by subsection 1, each applicant for the issuance or renewal of a license as a sales agent must pay to the Division a technology fee of $15.

4. Except as otherwise provided in subsection 3 of NRS 119A.205, all fees collected by the Division pursuant to this section must be deposited for use by the Division in carrying out the provisions of this chapter.

5. Except for the fees relating to the registration of a representative and the technology fee imposed pursuant to subsection 3, the Administrator may reduce the fees established by this section if the reduction is equitable in relation to the costs of carrying out the provisions of this chapter.

6. The Division shall adopt regulations which establish the fees to be charged and collected by the Division to pay the costs of:

(a) Any examination for a license, including any costs which are necessary for the administration of such an examination.

(b) Any investigation of a person's background.

NRS 119A.360

Added to NRS by 1983, 985; A 1987, 1081; 1993, 2295; 2001, 2504; 2003, 1309; 2005, 1300; 2007, 808; 2013, 3519; 2015, 2787; 2021, 3541

Amended by 2021, Ch. 527,§18, eff. 7/1/2021.

Amended by 2015, Ch. 476,§4, eff. 7/1/2015.

Amended by 2013, Ch. 539,§32, eff. 7/1/2013.

Added to NRS by 1983, 985; A 1987, 1081; 1993, 2295; 2001, 2504; 2003, 1309; 2005, 1300; 2007, 808