NRS 116.665 Conducting hearings and other proceedings; collection of information; development and promotion of educational guidelines; accreditation of programs of education and research.

384 words·~2 min read·/nv/chapter-116-common-interest-ownership-uniform-act/116-665·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The Commission shall conduct such hearings and other proceedings as are required by the provisions of this chapter.

2. The Commission shall collect and maintain or cause to be collected and maintained accurate information relating to:

(a)The number and kind of common-interest communities in this State;

(b)The effect of the provisions of this chapter and any regulations adopted pursuant thereto on the development and construction of common-interest communities, the residential lending market for units within common-interest communities and the operation and management of common-interest communities;

(c)Violations of the provisions of this chapter and any regulations adopted pursuant thereto;

(d)The accessibility and use of, and the costs related to, the arbitration, mediation and program procedures set forth in NRS 38.300 to 38.360 , inclusive, and the decisions rendered and awards made pursuant to those procedures;

(e)The number of foreclosures which were completed on units within common-interest communities and which were based on liens for the failure of the unit’s owner to pay any assessments levied against the unit or any fines imposed against the unit’s owner;

(f)The study of the reserves required by NRS 116.31152 ; and

(g)Other issues that the Commission determines are of concern to units’ owners, associations, community managers, developers and other persons affected by common-interest communities.

3. The Commission shall develop and promote:

(a)Educational guidelines for conducting the elections of the members of an executive board, the meetings of an executive board and the meetings of the units’ owners of an association; and

(b)Educational guidelines for the enforcement of the governing documents of an association through liens, penalties and fines.

4. The Commission shall recommend and approve for accreditation programs of education and research relating to common-interest communities, including, without limitation:

(a)The management of common-interest communities;

(b)The sale and resale of units within common-interest communities;

(c)Alternative methods that may be used to resolve disputes relating to common-interest communities; and

(d)The enforcement, including by foreclosure, of liens on units within common-interest communities for the failure of the unit’s owner to pay any assessments levied against the unit or any fines imposed against the unit’s owner.