Nevada Administrative Code
Chapter 645G - Qualified Intermediaries for Tax-Deferred Exchanges of Property
- Section 645G.010 - Definitions
- Section 645G.020 - "Act as a qualified intermediary" interpreted
- Section 645G.030 - "Advertises or holds himself or herself out as prepared to facilitate a tax-deferred exchange of property in this State by acting as the custodian of money or other property" interpreted
- Section 645G.040 - "Officer" interpreted
- Section 645G.050 - Registration: Application; effective date; expiration; notice of denial
- Section 645G.060 - Rejection of application
- Section 645G.070 - Renewal of registration
- Section 645G.080 - Revocation of registration; procedure
- Section 645G.090 - Bond or deposit: Minimum amount; increase of minimum amount; objection by applicant; procedural requirements
- Section 645G.100 - Purposes and restrictions of bond
- Section 645G.110 - Deposit of security in lieu of bond
- Section 645G.120 - Claim for reimbursement of financial losses caused by qualified intermediary; exceptions
- Section 645G.130 - Approval and payment of claim
- Section 645G.140 - Denial of claim; appeal
REVISER'S NOTE.
The provisions of NAC 645G.010 to 645G.140, inclusive, which provide for the regulation of qualified intermediaries, were adopted by the Real Estate Division of the Department of Business and Industry pursuant to the former provisions of NRS 645.606 to 645.6085, inclusive. Chapter 517, Statutes of Nevada 2007, at pages 3104-3122, transferred the regulatory authority concerning qualified intermediaries to the Division of Financial Institutions of the Department of Business and Industry. Section 53 of chapter 517, Statutes of Nevada 2007, at page 3121, provides that:
"A regulation adopted by the Real Estate Division of the Department of Business and Industry pursuant to NRS 645.606 to 645.6085, inclusive, remains in effect as a regulation of the Division of Financial Institutions of the Department of Business and Industry until amended or repealed by the Division of Financial Institutions."
