Except as provided in NRS 119B.120, a person shall not offer to sell or sell in this state any membership in a campground unless the person: 1. Holds a permit to do so issued by the Administrator; and 2. Designates and uses a broker of record to sell the membership. (Added to NRS by 1985, […]
1. A sales agent may work for only one broker of record at any one time. 2. A broker of record shall give written notice to the Administrator of a change of association of any sales agent associated with the broker of record within 10 days after that change. 3. The broker of record, upon […]
1. A contract of membership may not be executed unless the developer has provided satisfactory evidence to the Administrator that: (a) The campground is free and clear of any blanket encumbrances; (b) Each person who holds an interest in a blanket encumbrance affecting the campground has executed an agreement, approved by the Administrator, to subordinate […]
1. If the title to a campground is conveyed to a trustee before the sale of the first membership related to it, the developer must provide the Administrator with satisfactory evidence that: (a) Title to the campground has been conveyed to the trustee. (b) All proceeds received by the developer from the sales of memberships […]
1. A membership must not be advertised or offered for sale within this state until the advertisement is approved by the Administrator. 2. Each application for the approval of advertising must: (a) Include the form and content of advertising to be used; (b) Include the nature of the offer of gifts or other free benefits […]
A developer shall disclose the following information to a prospective member before the prospective member signs a contract of membership or gives any money or thing of value for the purchase of a membership. The disclosures must be delivered with the contract at the time the contract is signed. The information must be brought up […]
A contract of membership may be cancelled at the option of the member if the member sends notice of the cancellation by certified mail, return receipt requested, to the developer, posted not later than midnight of the 5th calendar day following the day on which the contract was signed. This right must be set forth […]
1. Where any part of the statement of record contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein, the Administrator or any person acquiring a membership from the developer or his or her agent during the period the public offering statement remained uncorrected (unless […]
