NAC119A.460. Disclosure statement for certain managers.

The disclosure statement required by NRS 119A.534 must be submitted on a form prescribed by the Division and must contain:

     1. A schedule of fees to be paid to the manager or an affiliate of the manager for the resale of any time shares for the purposes of paragraph (a) of subsection 1 of NRS 119A.534;

     2. A written policy concerning the procedures for billing and collecting assessments and for the foreclosure of liens for the purposes of paragraph (b) of subsection 1 of NRS 119A.534;

     3. A description of any exchange program that is not operated by a third-party vendor of an exchange program or of a rental program offered by the manager or an affiliate of the manager and any fees to be paid to the manager or an affiliate of the manager of such a program for the purposes of paragraph (c) of subsection 1 of NRS 119A.534; and

     4. Any use of the names of the members of the association and other information collected by the manager regarding the members for purposes that are unrelated to the duties of the association, including, without limitation, payment history, address, telephone number and social security number, for the purposes of paragraph (d) of subsection 1 of NRS 119A.534.

     (Added to NAC by Real Estate Div. by R135-01, eff. 12-13-2001)