427A.570 - Claim to be disallowed and refund to be repaid with penalty if property acquired to obtain benefits. - Nevada Statutes

427A.570  Claim to be disallowed and refund to be repaid with penalty if property acquired to obtain benefits.  A claim must be disallowed if the Division finds that the claimant received title to a home primarily to obtain benefits pursuant to the provisions of NRS 427A.450 to 427A.600, inclusive. If such a claimant has received a refund and does not repay it together with a 10 percent penalty to the Division, the amount of the refund and penalty must be assessed against the property claimed by the claimant as a home.

      (Added to NRS by 2001, 2659; A 2003, 2020)