Nev. Admin. Code § 119B.260 - Required and prohibited language

1. The following words must be printed clearly and conspicuously in 12-point, boldface type at the top of each contract for the sale of a membership:

This is a binding contract by which you agree to purchase a membership in a campground. You should examine the statement regarding your right to revoke this contract within 5 days, which is contained elsewhere in this contract.

2. The following words or words of a similar meaning may not be used in a contract of sale for the sale of a membership:

The purchaser agrees that no representation, oral or implied, has been made to the purchaser other than what is contained in this contract.

3. The following words must be printed clearly and conspicuously above the line for the purchaser's signature in each contract for the sale of a membership:

A contract of membership may be canceled at the option of the member if he sends notice of the cancellation by certified mail, return receipt requested, to the developer, posted not later than midnight of the 5th calendar day following the day on which the contract was signed.

4. Each contract of sale of a membership in a campground located outside Nevada must contain one of the following sentences:

(a) "This contract is to be construed according to the laws of Nevada and specifically chapter 119B of NRS"; or

(b) "This contract is to be construed according to the laws of (name of the state or country); however, any purchaser solicited in Nevada retains those rights granted him pursuant to chapter 119B of NRS."

Notes

Nev. Admin. Code § 119B.260

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