Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE54 PROFESSIONS, OCCUPATIONS AND BUSINESSES |
CHAPTER645A. Escrow Agencies and Agents |
UNLAWFUL ACTS; PENALTIES; REMEDIES |
NRS645A.221. Contracts for escrow transaction voidable for certain violations; administrative fines.
Latest version.
- If a person, or any general partner, director, officer, agent or employee of a person, violates the provisions of NRS 645A.210 or 645A.220:
1. Any contracts entered into by that person for the escrow transaction are voidable by the other party to the contract; and
2. In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $50,000.
(Added to NRS by 2009, 741)