Nevada Revised Statutes 489.401 – Grounds for disciplinary action: Deceptive advertising; misrepresentation; failure to disclose; failure to provide copy of certificate of installation; inducing falsification of credit application; failure to obtain …
The following grounds, among others, constitute grounds for disciplinary action pursuant to NRS 489.381:
Terms Used In Nevada Revised Statutes 489.401
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. The intentional publication, circulation or display of any advertising which constitutes a deceptive trade practice as that term is defined in NRS 598.0915 to 598.0925, inclusive.
2. Failure to include in any advertising the name of the licensed dealer, distributor, general serviceperson or specialty serviceperson, or the name under which the person is doing business.
3. Making any substantial misrepresentation or false promise which is likely to influence, persuade or induce, or continually failing to fulfill promises to sell, breaching agreements or contracts or making false promises by any means.
4. Failure to disclose all terms and conditions of a sale, purchase or lease or offer to sell, purchase or lease a manufactured home, mobile home, manufactured building or commercial coach or factory-built housing.
5. Failure to disclose to a person with whom the licensed dealer or distributor is dealing with regard to the sale, distribution, purchase or lease of a manufactured home any material facts, structural defects or other material information which the licensed dealer or distributor knew, or which by the exercise of reasonable care and diligence should have known, concerning the manufactured home or concerning the sale, distribution, purchase or lease of the manufactured home.
6. Failure to comply with the provisions of NRS 489.595.
7. Representing to any lender, guaranteeing agency or other interested party, orally or through the preparation of false documents:
(a) An amount in excess of the actual sales price;
(b) A false amount as the down payment, earnest money deposit or other valuable consideration;
(c) Terms differing from those actually agreed upon; or
(d) False information on a credit application.
8. Inducing an applicant to falsify a credit application.
9. Failure to obtain from the holder of any lien or security interest in a manufactured home, mobile home, manufactured building or commercial coach or factory-built housing within 10 days before the closure of a sale a written acknowledgment that the holder of the lien or security interest has received written notification of the sale.