NRS624.301. Abandonment or failure to complete or prosecute diligently project for construction; willful failure to comply with terms of contract or written warranty.

  The following acts, among others, constitute cause for disciplinary action under NRS 624.300:

      1.  Abandonment without legal excuse of any construction project or operation engaged in or undertaken by the licensee as a contractor.

      2.  Abandonment of a construction project when the percentage of the project completed is less than the percentage of the total price of the contract paid to the contractor at the time of abandonment, unless the contractor is entitled to retain the amount paid pursuant to the terms of the contract or the contractor refunds the excessive amount paid within 30 days after the abandonment of the project.

      3.  Failure in a material respect on the part of a licensee to complete any construction project or operation for the price stated in the contract for the project or operation or any modification of the contract.

      4.  Willful failure or refusal without legal excuse on the part of a licensee as a contractor to prosecute a construction project or operation with reasonable diligence, thereby causing material injury to another.

      5.  Willful failure or refusal without legal excuse on the part of a licensee to comply with the terms of a construction contract or written warranty, thereby causing material injury to another.

      (Added to NRS by 1969, 940; A 1979, 320; 1999, 2963)