Which statute regulates the sale of timeshare interests in Nevada?

Nevada Revised Statutes 119A specifically governs the sale of timeshare interests in Nevada. This statute outlines the legal framework and requirements for timeshare developments, including disclosures that must be made to buyers, the operation of timeshare plans, and the rights and responsibilities of both sellers and buyers in timeshare agreements.

Understanding the significance of this statute is crucial for professionals in the timeshare industry, as it ensures compliance with state laws and protects consumer rights. It emphasizes the importance of proper documentation, transparency in marketing practices, and the obligations of resort developers.

Other statutes mentioned do not pertain to timeshare interests. Each of those could cover different areas of real estate or similar practices, but they do not address the specific legal guidelines for the sale and management of timeshares in Nevada, making 119A the definitive statute for this aspect of real estate regulation.