NRS 645A.221: Contracts for escrow transaction voidable for certain violations; administrative fines.
Where this section sits in the code
- TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES
- CHAPTER 645A - ESCROW AGENCIES AND AGENTS
- PROHIBITED ACTS; PENALTIES; REMEDIES
If a person, or any general partner, director, officer, agent or employee of a person, violates the provisions of NRS 645A.015 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.
Collected 2026-09-03T05:51:45Z. Source file · JSON