Nevada § 116A.420 Person prohibited from acting as reserve study specialist without registering with Division; regulations governing standards of practice; investigations; disciplinary action; exceptions

Nevada Statutes

§ 116A.420 — Person prohibited from acting as reserve study specialist without registering with Division; regulations governing standards of practice; investigations; disciplinary action; exceptions

Nevada § 116A.420

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 116ACommon-Interest

CERTIFICATES AND REGISTRATION

This text of Nevada § 116A.420 (Person prohibited from acting as reserve study specialist without registering with Division; regulations governing standards of practice; investigations; disciplinary action; exceptions) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 116A.420 (2026).

Text

1.Except as otherwise provided in this section and subsection 2 of NRS 116.31152 , a person shall not act as a reserve study specialist unless the person registers with the Division on a form provided by the Division.

2.The Commission shall by regulation provide for the standards of practice for reserve study specialists.

3.The Division may investigate any reserve study specialist to ensure that the reserve study specialist is complying with the provisions of this chapter and chapters 116 and 116B of NRS and the standards of practice adopted by the Commission.

4.In addition to any other remedy or penalty, if the Commission or a hearing panel, after notice and hearing, finds that a reserve study specialist has violated any provision of this chapter or chapter 116 or 116B of NRS or any o

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1. Except as otherwise provided in this section and subsection 2 of NRS 116.31152 , a person shall not act as a reserve study specialist unless the person registers with the Division on a form provided by the Division.
2. The Commission shall by regulation provide for the standards of practice for reserve study specialists.
3. The Division may investigate any reserve study specialist to ensure that the reserve study specialist is complying with the provisions of this chapter and chapters 116 and 116B of NRS and the standards of practice adopted by the Commission.
4. In addition to any other remedy or penalty, if the Commission or a hearing panel, after notice and hearing, finds that a reserve study specialist has violated any provision of this chapter or chapter 116 or 116B of NRS or any of the standards of practice adopted by the Commission, the Commission or the hearing panel may take appropriate disciplinary action against the reserve study specialist.
5. In addition to any other remedy or penalty, the Commission may:
(a) Refuse to accept the registration of a person who has failed to pay money which the person owes to the Commission or the Division.
(b) Suspend, revoke or refuse to renew the registration of a person who has failed to pay money which the person owes to the Commission or the Division.
6. The provisions of this section do not apply to a member of an executive board or an officer of an association who is acting solely within the scope of his or her duties as a member of the executive board or an officer of the association.
7. A person who assists a registered reserve study specialist in preparing a reserve study, signed by a registered reserve study specialist, is not required to register as a reserve study specialist.