Fees imposed on associations to pay for costs of administering Office of Ombudsman and Commission; administrative penalties for failure to pay; limitations on amount of fees and penalties.
1. An association shall:
(a) If the association is required to pay the fee imposed by NRS 78.150, 82.193 or 86.263, pay to the Administrator a fee established by regulation of the Administrator for every unit in the association used for residential use.
(b) If the association is organized as a trust or partnership, pay to the Administrator a fee established by regulation of the Administrator for each unit in the association.
2. The fees required to be paid pursuant to this section must be:
(a) Paid at such times as are established by the Division.
(b) Deposited with the State Treasurer for credit to the Account for Common-Interest Communities created by NRS 116.630.
(c) Established on the basis of the actual costs of administering the Office of the Ombudsman and the Commission and not on a basis which includes any subsidy beyond those actual costs. In no event may the fees required to be paid pursuant to this section exceed $3 per unit.
3. The Administrator may by regulation establish an administrative penalty to be imposed against an association that violates the provisions of this section by failing to pay the fees owed by the association within the times established by the Division. The administrative penalty that is imposed for each violation may not exceed 10 percent of the amount of the fees owed by the association or $500, whichever amount is less.
4. A unit’s owner may not be required to pay any portion of the fees or any administrative penalties required to be paid pursuant to this section to a master association and to an association organized pursuant to NRS 116.3101.
5. Upon the payment of the fees and any administrative penalties required by this section, the Administrator shall provide to the association evidence that it paid the fees and the administrative penalties in compliance with this section.
Last modified: February 27, 2006