Nev. Admin. Code § 119B.440 - Financial assurance of ability to meet financial commitment
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.
Notes
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