{"data":{"id":"us-nv/nrs-119a.055","jurisdiction":"us-nv","citation":"NRS 119A.055","heading":"“Material change” defined.","body":"1. “Material change” means a change in any information or document that is part of the statement of record which renders the statement of record inaccurate, incomplete or misleading in such a way as to adversely affect the rights or obligations of a purchaser.\n2. The term does not include a change:\n(a) In the real estate tax assessment or rate, utility charges or deposits, maintenance fees, association dues, assessments, special assessments or any recurring time-share expense item, if the change is made known immediately to the prospective purchaser by a written addendum to the public offering statement;\n(b) Which is an aspect or result of the orderly development of the time-share plan in accordance with the time-share instrument, if the change is made known immediately to the prospective purchaser by a written addendum to the public offering statement;\n(c) Which corrects spelling, grammar, omissions or other similar errors and which does not affect the substance of the information or document; or\n(d) Which occurs in the issuance of the updated annual report or disclosure document of an exchange company.","path":["TITLE 10 — PROPERTY RIGHTS AND TRANSACTIONS","CHAPTER 119A - TIME SHARES","GENERAL PROVISIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-119A.html#NRS119ASec055","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:32Z","sha256":"567d4eeb332ccc04d052736dcce22af17f85c761670308c56137ffbb80fedb18","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-119a.054","next":"us-nv/nrs-119a.056"},"notice":"GroundRules: Original legal text. Not legal advice."}