Nevada § 624.3012 - Diversion of money or property; failure to pay for materials or services; false denial of amount due, or validity of claim of amount due, for materials or services; failure to release lien against property to be improved

§ 624.3012. Diversion of money or property; failure to pay for materials or services; false denial of amount due, or validity of claim of amount due, for materials or services; failure to release lien against property to be improved

The following acts, among others, constitute cause for disciplinary action under NRS 624.300 : 1. Diversion of money or property received for the completion of a specific construction

project or operation or for a specified purpose in the completion of any construction

project or operation to any other construction project or operation, obligation or

purpose. 2. Willful or deliberate failure by any licensee or agent or officer thereof to pay

any money when due for any materials or services rendered in connection with the licensee’s

operations as a contractor, when the licensee has the capacity to pay or has received

sufficient money therefor as payment for the particular construction work, project

or operation for which the services or materials were rendered or purchased. 3. The false denial by any licensee or agent or officer thereof of any amount due,

or the validity of the claim thereof, for any materials or services rendered in connection

with the licensee’s operations as a contractor, when the licensee has the capacity

to pay or has received sufficient money therefor as payment for the particular construction

work, project or operation for which the services or materials were rendered or purchased,

with intent to secure a discount upon such indebtedness or with intent to injure,

delay or defraud the person to whom such indebtedness is due. 4. Failure to obtain the discharge or release of any lien recorded against the property

to be improved by a construction project for the price of any materials or services

rendered to the project by order of the contractor, when the contractor has received

sufficient money therefor as payment for the project, within 75 days after the recording

of the lien.