Nevada · Nevada Revised Statutes — Title 15, Crimes and Punishments
NRS (Crimes) § 205.960: Qualified intermediaries of clients with certain property: Unlawful acts; criminal penalty; civil penalty
What this law says, in plain English
It is unlawful to act as a qualified intermediary for certain property exchanges unless proceeds are deposited into a qualified escrow or trust account controlled jointly by the intermediary and client. Violation is a category D felony.
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.