2011 Nevada Revised Statutes
Chapter 645 - Real Estate Brokers and Salespersons
NRS 645.845 - Administrator may answer petition for recovery; effect of judgment; compromise of claim.


NV Rev Stat § 645.845 (2011) What's This?

1. Whenever the court proceeds upon a petition as provided in NRS 645.844, the Administrator may answer and defend any such action against the Fund on behalf of the Fund and may use any appropriate method of review on behalf of the Fund. The judgment debtor may answer and defend any such action on his or her own behalf.

2. Unless the judgment was entered by default, consent or stipulation or the case was uncontested, the judgment set forth in the petition is prima facie evidence but the findings of fact therein are not conclusive for the purposes of NRS 645.841 to 645.8494, inclusive.

3. The Administrator may, subject to court approval, compromise a claim based upon the application of a petitioner. The Administrator shall not be bound by any prior compromise of the judgment debtor.

(Added to NRS by 1967, 1044; A 1985, 1277)

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