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Current as of January 01, 2025 | Updated by Findlaw Staff
1. If a written request for a written statement of the amount of the transfer fee due upon the sale of real property is sent by certified mail, return receipt requested, to the payee under a private transfer fee obligation that was created before May 20, 2011, at the address appearing in the recorded notice described in NRS 111.870, the payee shall provide such a written statement to the person who requested the written statement not later than 30 days after the date of mailing.
2. If the payee fails to comply with the requirements of subsection 1:
(a) The private transfer fee obligation is void and unenforceable and any interest in the real property that is subject to the private transfer fee obligation may thereafter be conveyed free and clear of the private transfer fee obligation; and
(b) The payee is subject to the liability described in NRS 111.880.
3. The person who requested the written statement may record in the office of the county recorder of the county in which the real property is located an affidavit which:
(a) States that the affiant has actual knowledge of, and is competent to testify to, the facts set forth in the affidavit;
(b) Sets forth the legal description of the real property that is subject to the private transfer fee obligation;
(c) Sets forth the name of the owner of the real property as recorded in the office of the county recorder;
(d) Expressly refers to the recorded notice described in NRS 111.870 by:
(1) The date on which the notice was recorded in the office of the county recorder; and
(2) The book, page and document number, as applicable, of the recorded notice;
(e) States that a written request for a written statement of the amount of the transfer fee due upon the sale of the real property was sent by certified mail, return receipt requested, to the payee at the address appearing in the recorded notice described in NRS 111.870, and that the payee failed to provide such a written statement to the person who requested the written statement within 30 days after the date of mailing; and
(f) Is signed by the affiant under penalty of perjury.
4. When properly recorded, the affidavit described in subsection 3 constitutes prima facie evidence that:
(a) A written request for a written statement of the amount of the transfer fee due upon the sale of the real property was sent by certified mail, return receipt requested, to the payee at the address appearing in the recorded notice described in NRS 111.870;
(b) The payee failed to provide such a written statement to the person who requested the written statement within 30 days after the date of mailing; and
(c) The private transfer fee obligation is void and unenforceable and any interest in the real property that is subject to the private transfer fee obligation may thereafter be conveyed free and clear of the private transfer fee obligation.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 111.875. Enforcement of private transfer fee obligations created before May 20, 2011 - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-111-875/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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