Requirements for issuance of public offering statement and permit. Except as otherwise provided in NRS 119A.310, the Administrator shall issue a public offering statement and a permit to sell time shares to each applicant who:
1. Submits an application, in the manner provided by the Division, which includes:
(a) The name and address of the project broker;
(b) A copy of each time-share instrument that relates to the time-share plan;
(c) A preliminary title report for the project and copies of the documents listed as exceptions in the report;
(d) Copies of any other documents which relate to the time-share plan or the project, including any contract, agreement or other document to be used to establish and maintain an association and to provide for the management of the time-share plan or the project, or both;
(e) Copies of instructions for escrow, deeds, sales contracts and any other documents that will be used in the sale of the time shares;
(f) A copy of any proposed trust agreement which establishes a trust for the time‑share plan or the project, or both;
(g) Documents which show the current assessments for property taxes on the project;
(h) Documents which show compliance with local zoning laws;
(i) If the units which are the subject of the time-share plan are in a condominium project, or other form of common-interest ownership of property, documents which show that use of the units is in compliance with the documents which created the common-interest ownership;
(j) Copies of all documents which will be given to a purchaser who is interested in participating in a program for the exchange of occupancy rights among owners and copies of the documents which show acceptance of the time‑share plan in such a program;
(k) A copy of the budget or a projection of the operating expenses of the association, if applicable;
(l) A financial statement of the developer; and
(m) Such other information as the Division, by regulation, requires; and
2. Pays the fee provided for in this chapter.
Last modified: February 27, 2006