NRS119A.290. Preliminary permits.

Latest version.

      1. The Administrator shall issue a preliminary permit to sell time shares to each applicant who:

      (a) Submits proof satisfactory to the Administrator that all of the requirements for a permit to sell time shares will be met;

      (b) Applies for the preliminary permit in the manner provided by the Division; and

      (c) Pays the fee provided for in this chapter.

      2. A preliminary permit entitles the developer to solicit and accept reservations to purchase time shares.

(Added to NRS by 1983, 979; A 2013, 3515)

                    
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