Nevada § 119A.340 Issuance of permit before completion of project

Nevada Statutes

§ 119A.340 — Issuance of permit before completion of project

Nevada § 119A.340

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 119ATime

LICENSES AND PERMITS

This text of Nevada § 119A.340 (Issuance of permit before completion of project) 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. § 119A.340 (2026).

Text

If a project has not been completed before the issuance of a permit to sell time shares, the public offering statement must state the estimated date of completion and:

1.The developer shall establish to the satisfaction of the Administrator that a bond has been issued in an amount necessary to assure completion of the project free of any liens, which remains in effect until the project is completed free of all liens;

2.A cash deposit to cover the estimated costs of completing the project must be deposited with an escrow agent under an agreement which is approved by the Administrator; or

3.The developer shall make any other arrangement which is approved by the Administrator and necessary to safeguard the interests of the public.

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If a project has not been completed before the issuance of a permit to sell time shares, the public offering statement must state the estimated date of completion and:
1. The developer shall establish to the satisfaction of the Administrator that a bond has been issued in an amount necessary to assure completion of the project free of any liens, which remains in effect until the project is completed free of all liens;
2. A cash deposit to cover the estimated costs of completing the project must be deposited with an escrow agent under an agreement which is approved by the Administrator; or
3. The developer shall make any other arrangement which is approved by the Administrator and necessary to safeguard the interests of the public.