645A.221 - Contracts for escrow transaction voidable for certain violations; administrative fines. - Nevada Statutes

645A.221  Contracts for escrow transaction voidable for certain violations; administrative fines.  If a person, or any general partner, director, officer, agent or employee of a person, violates the provisions of NRS 645A.210 or 645A.220:

      1.  Any contracts entered into by that person for the escrow transaction are voidable by the other party to the contract; and

      2.  In addition to any other remedy or penalty, the Commissioner may impose an administrative fine of not more than $50,000.

      (Added to NRS by 2009, 741)