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2011 Nevada Revised Statutes
Chapter 645A - Escrow Agencies and Agents
NRS 645A.221 - Contracts for escrow transaction voidable for certain violations; administrative fines.


NV Rev Stat § 645A.221 (2011) What's This?

If a person, or any general partner, director, officer, agent or employee of a person, violates the provisions of NRS 645A.210 or 645A.220:

1. Any contracts entered into by that person for the escrow transaction are voidable by the other party to the contract; and

2. In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $50,000.

(Added to NRS by 2009, 741)

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