Time Running Out for Associations to
Pay Fees to the Division

Has your association paid its dues?

Nevada requires all common-interest communities to register each year with the Office of the Ombudsman, submitting a $3 fee per door in accordance with Nevada Revised Statute 116.31155. Registration and payment are due in the Ombudsman's office by the last day of the month in which the association, or its master association, incorporated with the Nevada Secretary of State. 

NRS 116.31155(4) authorizes the administrator of the Real Estate Division to impose an administrative penalty against an association or master association that fails to pay the fees it owes within the time period established by the division. The penalty for each violation is 10 percent of the total fees owed or $500, whichever is less.

The Real Estate Division has begun enforcement of registration as of Jan 1, 2008. The first penalties will be assessed Feb. 1, 2008.

In addition to the penalty, the amount of the unpaid fees owed bears interest at a rate set forth in NRS 99.040 from the date the fees are due until the fees and all other costs are paid in full. Continued failure to comply will result in the association’s corporate filing being placed in default status with the Secretary of State. Other consequences include referral to a collection agency, and a possible hearing before an administrative law judge or the Commission on Common-Interest Communities and Condominium Hotels.

Associations are advised to review their financial records to determine whether or not they are current in the required fees and registration.