CHAPTER........
AN ACT relating to real property; revising the provisions governing certain disclosures
required to be made to certain purchasers of residences; revising the provisions
governing notices of public hearings regarding certain changes in zoning
regulations, restrictions and districts; and providing other matters properly relating
thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. Chapter 113 of NRS is hereby amended by adding thereto a
new section to read as follows:
1. Except as otherwise provided in subsection 3, in a county whose
population is 400,000 or more, a seller may not sign a sales agreement
with the initial purchaser of a residence unless the seller, at least 24
hours before the time of the signing, provides the initial purchaser with a
disclosure document that contains:
3. The initial purchaser of a residence may waive the 24-hour period
required by subsection 1 if the seller provides the initial purchaser with
the information required by subsections 1 and 2 and the initial purchaser
signs a written waiver. The seller shall retain a copy of the written waiver
that has been signed by the initial purchaser acknowledging the time and
date of receipt by the initial purchaser of the original document.
4. As used in this section, "seller" has the meaning ascribed to it in
NRS 113.070.
Sec. 2.
NRS 113.070 is hereby amended to read as follows:Sec. 3. NRS 278.260 is hereby amended to read as follows: