Nevada law · Common-Interest Communities

NRS 116.310315

Accounting for fines imposed by association.

Covered in 1 owner guide

What this section does for you

Requires the association to account for fines it imposes, which makes the board's fine ledger reviewable.
Owner guide: Fines & violations in Nevada

The statutory text

Verbatim from the public record. The law itself is a government work — always confirm the current version on the official source before you rely on it.

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.

NRS 116.310315

What this section does for you

The statutory text

Official source

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