Nevada § 40.665 - Settlement by repurchase; certain offers of settlement deemed reasonable
Full text of Nevada Nevada Revised Statutes § 40.665 — Settlement by repurchase; certain offers of settlement deemed reasonable, with citation guidance and answers to common questions.
§ 40.665. Settlement by repurchase; certain offers of settlement deemed reasonable
In addition to any other method provided for settling a claim pursuant to NRS 40.600 to 40.695 , inclusive, a contractor may, pursuant to a written agreement entered into with a
claimant, settle a claim by repurchasing the claimant's residence and the real property
upon which it is located. The agreement may include provisions which reimburse the claimant for: 1. The market value of the residence as if no constructional defect existed, except
that if a residence is less than 2 years of age and was purchased from the contractor
against whom the claim is brought, the market value is the price at which the residence
was sold to the claimant; 2. The value of any improvements made to the property by a person other than the contractor; 3. Reasonable attorney's fees and fees for experts; and 4. Any costs, including costs and expenses for moving and costs, points and fees for
loans. Any offer of settlement made that includes the items listed in this section shall
be deemed reasonable for the purposes of subsection 1 of NRS 40.650 .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 40.665
What does Nevada Revised Statutes § 40.665 cover?
Section 40.665 ("Settlement by repurchase; certain offers of settlement deemed reasonable") 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 § 40.665?
A common citation format is "Nevada Revised Statutes § 40.665" (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 § 40.665 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.