Nevada § 624.950 - Limitations on contractor's involvement with entities engaged in certain lending and financial services
Full text of Nevada Nevada Revised Statutes § 624.950 — Limitations on contractor's involvement with entities engaged in certain lending and financial services, with citation guidance and answers to common questions.
§ 624.950. Limitations on contractor's involvement with entities engaged in certain lending and financial services
1. Except as otherwise provided in this section and NRS 624.955 , a contractor who performs work concerning a residential pool or spa shall not act
as, or carry out the duties of, an officer, director, employee or owner of a bonding
company, finance company, or any other corporation or business entity who cosigns,
underwrites, obtains a deed of trust for, issues, sells, purchases or acquires a loan
to finance work concerning a residential pool or spa. 2. The provisions of this section do not prohibit a contractor from owning, holding
or possessing, either directly or indirectly through a mutual fund or any other financial
arrangement or investment plan, any stocks or other securities issued by a company,
corporation or business entity described in subsection 1 if: (a) The stocks or other securities are offered openly to the public through a securities
exchange; and (b) The contractor does not own, hold or possess a controlling interest in the company,
corporation or business entity.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 624.950
What does Nevada Revised Statutes § 624.950 cover?
Section 624.950 ("Limitations on contractor's involvement with entities engaged in certain lending and financial services") 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 § 624.950?
A common citation format is "Nevada Revised Statutes § 624.950" (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 § 624.950 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.