NAC119B.310. General requirements.

An advertisement:

     1. Which refers to the purchase price of any membership must clearly disclose any assessment or additional cost required to be paid by a purchaser.

     2. Which offers a membership at a predevelopment sale at a lower price because the project has not yet been developed in some manner, must disclose whether there is a good faith plan for development and, if there is such a plan, the estimated date of completion.

     3. Which offers a discount to reduce the advertised price may do so only if the discount is offered for a purchase in quantity, payment in cash, large or accelerated payment or on other reasonable grounds.

     4. Must not contain any statement concerning a future increase of the price by the developer unless the amount and the date of the increase are specified. A future increase of the price may not be implied or referred to unless it is anticipated in good faith.

     5. Must not indicate that the value of a membership in a similar campground has increased, unless the membership used for comparison is directly comparable to that being advertised for sale.

     (Added to NAC by Real Estate Div., eff. 2-18-87)