Nevada § 116A.420 - Person prohibited from acting as reserve study specialist without registering with Division; regulations governing standards of practice; investigations; disciplinary action; exceptions
Full text of Nevada Nevada Revised Statutes § 116A.420 — Person prohibited from acting as reserve study specialist without registering with Division; regulations governing standards of practice; investigations; disciplinary action; exceptions, with citation guidance and answers to common questions.
§ 116A.420. Person prohibited from acting as reserve study specialist without registering with Division; regulations governing standards of practice; investigations; disciplinary action; exceptions
1. Except as otherwise provided in this section and subsection 2 of NRS 116.31152 , a person shall not act as a reserve study specialist unless the person registers
with the Division on a form provided by the Division. 2. The Commission shall by regulation provide for the standards of practice for reserve
study specialists. 3. The Division may investigate any reserve study specialist to ensure that the reserve
study specialist is complying with the provisions of this chapter and chapters 116
and 116B of NRS and the standards of practice adopted by the Commission. 4. In addition to any other remedy or penalty, if the Commission or a hearing panel,
after notice and hearing, finds that a reserve study specialist has violated any provision
of this chapter or chapter 116 or 116B of NRS or any of the standards of practice adopted by the Commission, the Commission or
the hearing panel may take appropriate disciplinary action against the reserve study
specialist. 5. In addition to any other remedy or penalty, the Commission may: (a) Refuse to accept the registration of a person who has failed to pay money which
the person owes to the Commission or the Division. (b) Suspend, revoke or refuse to renew the registration of a person who has failed
to pay money which the person owes to the Commission or the Division. 6. The provisions of this section do not apply to a member of an executive board or
an officer of an association who is acting solely within the scope of his or her duties
as a member of the executive board or an officer of the association. 7. A person who assists a registered reserve study specialist in preparing a reserve
study, signed by a registered reserve study specialist, is not required to register
as a reserve study specialist.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 116A.420
What does Nevada Revised Statutes § 116A.420 cover?
Section 116A.420 ("Person prohibited from acting as reserve study specialist without registering with Division; regulations governing standards of practice; investigations; disciplinary action; exceptions") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 116A.420?
A common citation format is "Nevada Revised Statutes § 116A.420" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 116A.420 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.