NV SB433 | 2025 | 83rd Legislature

Nevada Senate Bill 433

Status

Completed Legislative Action
Sponsorship: Committee Bill
Status: Failed on April 12 2025 - 100% progression
Action: 2025-04-12 - (Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)
Text: Latest bill text (Introduced) [PDF]

Summary

AN ACT relating to property; authorizing the executive board of a unit-owners' association to make an assessment to fund certain repairs; requiring a structural inspection of certain buildings in a common-interest community; requiring an association to establish reserves for corrective repairs; requiring a study of reserves of an association to include an estimate of the costs of certain repairs; revising provisions governing the duty of the executive board to provide or make available to a unit's owner certain records; prohibiting certain persons within or associated with a common-interest community from committing certain acts; requiring a written report from a structural inspection of certain buildings in a common-interest community to be provided under certain circumstances; eliminating the authority of the Real Estate Division of the Department of Business and Industry to establish a program for rendering of certain disputes; authorizing the Commission for Common-Interest Communities and Condominium Hotels or a hearing panel to prohibit certain persons from serving on the executive board; revising certain provisions governing actions for constructional defects; providing penalties; and providing other matters properly relating thereto.

Title

Revises provisions governing common-interest communities. (BDR 10-1105)

History

Date	Chamber	Action
2025-04-12	Senate	(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)
2025-03-26	Senate	From printer. To committee.
2025-03-24	Senate	Read first time. Referred to Committee on Judiciary. To printer.