Nevada Timeshare License Practice Exam

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How many days does the Division have to issue an order after receiving an application to sell timeshares?

30 days
45 days
60 days
90 days

The correct answer is: 60 days

The correct answer is based on the procedures outlined in Nevada law regarding the issuance of orders by the Division after an application for a timeshare sale has been submitted. In Nevada, the Division is required to act within a specific timeframe to ensure that applications are processed efficiently. Once an application is received, the Division has 60 days to issue an order. This time frame is established to allow for proper review and evaluation of the application, ensuring that all necessary information is considered and that the applicant meets the legal requirements for selling timeshares in Nevada. By having a definitive timeframe, the law aims to facilitate a reasonable expectation for applicants regarding when they can anticipate a response, which is important for their planning and business operations. Other time frames, such as 30, 45, or 90 days, do not reflect the established legal requirements for the processing of timeshare applications in Nevada, indicating the significance of adhering to the 60-day period for the issuance of an order.