489.4971 - Creation; use; fees; payments; service of copy of complaint upon commencement of action.
489.4971 Creation; use; fees; payments; service of copy of complaint upon commencement of action.
1. The Account for Education and Recovery Relating to Manufactured Housing is hereby created within the Fund for Manufactured Housing to satisfy the claims of purchasers of manufactured homes, mobile homes, manufactured buildings, commercial coaches or factory-built housing against persons licensed pursuant to the provisions of this chapter. Any balance in the Account over $500,000 at the end of any fiscal year must be set aside and used by the Administrator for education relating to manufactured homes, mobile homes, travel trailers, manufactured buildings, commercial coaches or factory-built housing.
2. Upon the issuance or renewal of the following licenses by the Division, the licensee must pay, in addition to the original or renewal license fee, a fee:
(a) For a dealer’s, distributor’s or manufacturer’s original license, or for any original limited dealer’s license which authorizes a limited dealer to act as a repossessor or liquidator, of $1,000.
(b) For a dealer’s, distributor’s or manufacturer’s renewal license, or a renewal of any limited dealer’s license which authorizes a limited dealer to act as a repossessor or liquidator, of $600.
(c) For an original or renewal license for:
(1) A general serviceperson or specialty serviceperson, of $150.
(2) A salesperson, of $75.
(3) A responsible managing employee, of $100.
Ê Except as otherwise provided in NRS 489.265, fees collected pursuant to this section must be deposited in the State Treasury for credit to the Account.
3. A payment from the Account to satisfy the claim of a purchaser specified in subsection 1 against a person who is licensed pursuant to this chapter must be made only upon an appropriate court order that is issued in an action for fraud, misrepresentation or deceit relating to an act for which a license is required pursuant to this chapter.
4. If a purchaser specified in subsection 1 commences an action specified in subsection 3 against a person who is licensed pursuant to this chapter, the purchaser must serve a copy of the complaint upon the Administrator within 30 days after the action is commenced.
(Added to NRS by 1981, 1849; A 1983, 790; 1987, 1864, 2088; 1989, 1472; 1993, 1187; 1995, 956; 2001, 487; 2003, 1410; 2005, 1638; 2009, 1917)