Nevada Timeshare License Practice Exam

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Prepare for the Nevada Timeshare License Exam with interactive questions and comprehensive explanations. Familiarize yourself with the format and content of the test to boost your chances of success!

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What action constitutes a violation of NRS 119A?

Bringing legal action against the developer
Filing a complaint with the Division
Failing to provide timely refunds on deposits
Offering a discount for early purchase

The correct answer is: Failing to provide timely refunds on deposits

Failing to provide timely refunds on deposits is a significant violation of NRS 119A, which governs the regulation of timeshares in Nevada. This statute establishes guidelines for consumer protections, ensuring that developers and sellers adhere to specific obligations regarding financial transactions. Timely refunds are critical in maintaining transparency and trust between developers and consumers. When a developer does not refund deposits in a timely manner, it undermines these consumer protections and can lead to financial harm for buyers. In contrast, bringing legal action against the developer or filing a complaint with the Division are both legally recognized actions that consumers may take if they believe their rights under the statute have been violated. Offering a discount for an early purchase does not inherently violate NRS 119A; promotional pricing is generally permissible as long as it complies with other regulatory standards. Thus, the failure to provide timely deposits stands out as a clear violation of the established legal framework aimed at protecting consumers in the timeshare industry.