Nev. Admin. Code § 645G.130 - Approval and payment of claim

Current through March 28, 2022

1. If the Division approves a claim, it will inform the claimant of the amount of the claim approved, and will explain the procedures for payment of claims set forth in subsection 2.
2. If the Division allows a claim, it will hold the claim for 2 years and pay against the claim as money becomes available pursuant to NRS 645.6085. As money becomes available, the Division will pay claims on a pro rata and equal priority basis.
3. Payments on a claim will cease when the claim has been satisfied or 2 years after the date on which the Division made the first payment on the claim, whichever occurs first.

Notes

Nev. Admin. Code § 645G.130
Added to NAC by Real Estate Div., eff. 3-30-94-Substituted in revision for NAC 645.796

NRS 645.6065, 645.6085

The following state regulations pages link to this page.



State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.