Nevada § 119.150 - License: Investigation
Full text of Nevada Nevada Revised Statutes § 119.150 — License: Investigation, with citation guidance and answers to common questions.
§ 119.150. License: Investigation
1. The Division shall, before issuing any license pursuant to the provisions of this
chapter to any person, fully investigate all information placed before it as is required
pursuant to this chapter and, if in the judgment of the Division it is necessary,
inspect the property which is the subject of the application. All reasonable expenses incurred by the Division in carrying out the investigation
or inspection must be paid by the applicant and no license may be issued until those
expenses have been fully paid. 2. Payments received by the Division pursuant to this section must be deposited in
the State Treasury for Credit to the Real Estate Investigative Account, which is hereby
created in the State General Fund. The Administrator shall use this Account to pay the expenses of agents and employees
of the Division in making an investigation pursuant to this section. The Administrator may advance money for those expenses when appropriate. 3. Each expenditure from the Investigative Account must be paid as other claims against
the State are paid.
Frequently Asked Questions About Nevada § 119.150
What does Nevada Revised Statutes § 119.150 cover?
Section 119.150 ("License: Investigation") 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 § 119.150?
A common citation format is "Nevada Revised Statutes § 119.150" (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 § 119.150 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.