Nevada Administrative Code (Last Updated: January 6, 2015)

NAC119A.350. Reference to right of exchange, resale or repurchase.

Latest version.

An advertisement which refers to:

1. A privilege on the part of the owner to exchange his or her time share must clearly state any qualification or limitation on the privilege.

2. A resale or repurchase of the time share by the developer must fully disclose the terms and conditions of the resale or repurchase.

(Added to NAC by Real Estate Div., eff. 12-3-84)

                    
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