Nevada § 113.080 - Additional required disclosures by certain sellers in county whose population is 700,000 or more relating to gaming enterprise districts

§ 113.080. Additional required disclosures by certain sellers in county whose population is 700,000 or more relating to gaming enterprise districts

1. Except as otherwise provided in subsection 3, in a county whose population is 700,000

or more, a seller may not sign a sales agreement with the initial purchaser of a residence

unless the seller, at least 24 hours before the time of the signing, provides the

initial purchaser with a disclosure document that contains: (a) A copy of the most recent gaming enterprise district map that has been made available

for public inspection pursuant to NRS 463.309 by the city or town in which the residence is located or, if the residence is not

located in a city or town, by the county in which the residence is located; and (b) The location of the gaming enterprise district that is nearest to the residence,

regardless of the jurisdiction in which the nearest gaming enterprise district is

located. The seller shall retain a copy of the disclosure document that has been signed by

the initial purchaser acknowledging the time and date of receipt by the initial purchaser

of the original document. 2. The information contained in the disclosure document required by subsection 1 must: (a) Be updated not less than once every 6 months; (b) Advise the initial purchaser that gaming enterprise districts are subject to change;

and (c) Provide the initial purchaser with instructions on how to obtain more current

information regarding gaming enterprise districts. 3. The initial purchaser of a residence may waive the 24-hour period required by subsection

1 if the seller provides the initial purchaser with the information required by subsections

1 and 2 and the initial purchaser signs a written waiver. The seller shall retain a copy of the written waiver that has been signed by the

initial purchaser acknowledging the time and date of receipt by the initial purchaser

of the original document. 4. As used in this section, “ seller ” has the meaning ascribed to it in NRS 113.070 .