Title 116 · NRS Chapter 116

Accounting for fines imposed by association.

Citation: NRS 116.310315

Section: 116.116.310315

NRS

116.310315

Accounting for fines imposed by association.

If an association has imposed a fine against a unit’s owner or a tenant or an invitee of a unit’s owner or a tenant pursuant to NRS 116.31031 for violations of the governing documents of the association, the association shall establish a compliance account to account for the fine, which must be separate from any account established for assessments.

(Added to NRS by 1997, 3112 ; A 2005, 1715 ; 2009, 2882 , 2915 )—(Substituted in revision for NRS 116.31145)