{"data":{"id":"us-nv/nrs-624.950","jurisdiction":"us-nv","citation":"NRS 624.950","heading":"Limitations on contractor’s involvement with entities engaged in certain lending and financial services.","body":"1. Except as otherwise provided in this section and NRS 624.955, a contractor who performs work concerning a residential pool or spa shall not act as, or carry out the duties of, an officer, director, employee or owner of a bonding company, finance company, or any other corporation or business entity who cosigns, underwrites, obtains a deed of trust for, issues, sells, purchases or acquires a loan to finance work concerning a residential pool or spa.\n2. The provisions of this section do not prohibit a contractor from owning, holding or possessing, either directly or indirectly through a mutual fund or any other financial arrangement or investment plan, any stocks or other securities issued by a company, corporation or business entity described in subsection 1 if:\n(a) The stocks or other securities are offered openly to the public through a securities exchange; and\n(b) The contractor does not own, hold or possess a controlling interest in the company, corporation or business entity.","path":["TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES","CHAPTER 624 - CONTRACTORS","RESIDENTIAL SWIMMING POOLS AND SPAS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-624.html#NRS624Sec950","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:44Z","sha256":"204399ed455a903ed492d86cde8a015a31e43c377d3d07a05fbec07cb1cb5aeb","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-624.945","next":"us-nv/nrs-624.955"},"notice":"GroundRules: Original legal text. Not legal advice."}