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Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 624.490. Application to Board for satisfaction of judgment from account

Current as of January 01, 2025 | Updated by Findlaw Staff

Within 2 years after an injured person has obtained a judgment in any court of competent jurisdiction for recovery of damages against a residential contractor for an act or omission of the residential contractor that is in violation of this chapter or the regulations adopted pursuant thereto, the injured person may apply to the Board for satisfaction of the judgment from the account if:

1. The proceedings in connection with the judgment have terminated, including appeals;

2. The injured person submits an application on a form established for this purpose by the Board;

3. The injured person submits proof satisfactory to the Board of the judgment; and

4. Upon obtaining payment from the account, the injured person assigns to the Board his or her rights to enforce the judgment up to the amount of his or her payment from the account. All other applicable rights remain with the injured person.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 54. Professions, Occupations and Businesses § 624.490. Application to Board for satisfaction of judgment from account - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-54-professions-occupations-and-businesses/nv-rev-st-624-490/

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