Nev. Rev. Stat. § 645A.221

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

Section 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.

NRS 645A.221

Added to NRS by 2009, 741; A 2015, 2796

Amended by 2015, Ch. 477,§12, eff. 1/1/2016.

Added to NRS by 2009, 741