§ 624.400 Definitions
§ 624.410 ‘Account’ defined
§ 624.420 ‘Injured person’ defined
§ 624.430 ‘Owner’ defined
§ 624.440 ‘Qualified services’ defined
§ 624.450 ‘Residential contractor’ defined
§ 624.455 ‘Single-family residence’ defined
§ 624.460 ‘Subsequent owner’ defined
§ 624.470 Establishment of account; reference to account as ‘Recovery Fund’; collection of biennial assessment; reduction in amount of assessment under certain circumstances; use of money in account
§ 624.480 Limitation on time to file complaint seeking recovery
§ 624.490 Application to Board for satisfaction of judgment from account
§ 624.500 Hearing on complaint; limitation on time for acting on complaint
§ 624.510 Eligibility for recovery from account; restrictions; maximum amount of individual recovery from account; Board subrogated to rights of injured person; maximum amount of recovery from account for claims against individual contractor
§ 624.520 Contractor required to notify owner of rights related to account; written statement; administrative fine for noncompliance
§ 624.530 Board retains authority to take disciplinary action against residential contractor; additional actions by Board against residential contractor
§ 624.540 Submission of annual statement of condition of account to Legislature; employment of necessary persons; procurement of necessary equipment, supplies and services; interest credited to account; limit on expenditures
§ 624.550 Minimum balance in account
§ 624.560 Regulations

Terms Used In Nevada Revised Statutes > Chapter 624 > Recovery Fund

  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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.
  • 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.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.