Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE54 PROFESSIONS, OCCUPATIONS AND BUSINESSES |
CHAPTER645. Real Estate Brokers and Salespersons |
REAL ESTATE EDUCATION, RESEARCH AND RECOVERY FUND |
NRS645.8491. Administrator subrogated to rights of judgment creditor; deposit of money recovered.
Latest version.
- When the Administrator has paid from the Fund any money to the judgment creditor, the Administrator is subrogated to all other rights of the judgment creditor to the extent of the amount paid and any amount and interest so recovered by the Administrator on the judgment must be deposited in the State Treasury for credit to the Fund.
(Added to NRS by 1967, 1045; A 1985, 1278)