Contractor required to notify owner of rights related to account; written statement; administrative fine for noncompliance.
Nev. Rev. Stat. § 624.520
in effect1. A residential contractor shall notify an owner with whom he or she contracts of the rights of the owner pursuant to NRS 624.400 to 624.560 , inclusive, including, without limitation, providing a written statement explaining those rights in any agreement or contract for qualified services. The written statement must be in substantially the following form:
RESIDENTIAL CONSTRUCTION RECOVERY FUND
Payment may be available from the Recovery Fund if you are damaged financially by a project performed on your residence pursuant to a contract, including construction, remodeling, repair or other improvements, and the damage resulted from certain specified violations of Nevada law by a contractor licensed in this State. To obtain information relating to the Recovery Fund and filing a claim for recovery from the Recovery Fund, you may contact the State Contractors Board.
2. The Board may impose upon a contractor an administrative fine:
(a) Of not more than $250 for the first violation of subsection 1; and
(b) Of not more than $500 for a second or subsequent violation of subsection 1.
3. The Board shall deposit any money received pursuant to this section in the account established pursuant to NRS 624.470 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-624.htmlFetched: 10/4/2026