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

NAC119B.440. Financial assurance of ability to meet financial commitment.

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The division may require as a condition to its approval of a program for the sale of memberships which includes the use of a sweepstakes, vacation or gift certificate, that the developer file with the division a bond, letter of credit or other financial assurance approved by the administrator in an amount which ensures that he will be able to meet his financial commitment.

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

                    
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