Nevada § 119A.390 Reservation to purchase time share

Nevada Statutes

§ 119A.390 — Reservation to purchase time share

Nevada § 119A.390

Title 10PROPERTY RIGHTS AND TRANSACTIONS

Ch. 119ATime

SALE OF TIME SHARES

This text of Nevada § 119A.390 (Reservation to purchase time share) 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.390 (2026).

Text

A reservation to purchase a time share must:

1.Be on a form approved by the Division;

2.Include a provision which grants the prospective purchaser the right to cancel the reservation at any time before the execution of the contract of sale with the full refund of any deposit;

3.Provide for the placement of any deposit in escrow until a permit is issued by the Administrator pursuant to NRS 119A.320 ;

4.Guarantee the purchase price for the time share for a certain period after the issuance of the permit to sell time shares; and

5.Require that any interest earned on the deposit for the reservation be paid to the prospective purchaser.

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A reservation to purchase a time share must:
1. Be on a form approved by the Division;
2. Include a provision which grants the prospective purchaser the right to cancel the reservation at any time before the execution of the contract of sale with the full refund of any deposit;
3. Provide for the placement of any deposit in escrow until a permit is issued by the Administrator pursuant to NRS 119A.320 ;
4. Guarantee the purchase price for the time share for a certain period after the issuance of the permit to sell time shares; and
5. Require that any interest earned on the deposit for the reservation be paid to the prospective purchaser.