Reservation to purchase time share.
Nev. Rev. Stat. § 119A.390
in effectA reservation to purchase a time share must:
1. Be on a form approved by the Division;
2. Include a provision which grants the prospective purchaser the right to cancel the reservation at any time before the execution of the contract of sale with the full refund of any deposit;
3. Provide for the placement of any deposit in escrow until a permit is issued by the Administrator pursuant to NRS 119A.320 ;
4. Guarantee the purchase price for the time share for a certain period after the issuance of the permit to sell time shares; and
5. Require that any interest earned on the deposit for the reservation be paid to the prospective purchaser.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-119A.htmlFetched: 10/4/2026