Nevada Revised Statutes 624.490 – Application to Board for satisfaction of judgment from account
Within 2 years after an injured person has obtained a judgment in any court of competent jurisdiction for recovery of damages against a residential contractor for an act or omission of the residential contractor that is in violation of this chapter or the regulations adopted pursuant thereto, the injured person may apply to the Board for satisfaction of the judgment from the account if:
Terms Used In Nevada Revised Statutes 624.490
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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 proceedings in connection with the judgment have terminated, including appeals;
2. The injured person submits an application on a form established for this purpose by the Board;
3. The injured person submits proof satisfactory to the Board of the judgment; and
4. Upon obtaining payment from the account, the injured person assigns to the Board his or her rights to enforce the judgment up to the amount of his or her payment from the account. All other applicable rights remain with the injured person.