On November 18, 2010, George E. Burns, Commissioner for the State of Nevada Department of Business and Industry, Financial Institutions Division, gave the citizens of Nevada a slice of fairness. Commissioner Burns signed an Order that officially halts the seemingly tyrannical behavior of Home Owners Associations collections agencies (hereinafter HOA’s) across Nevada. Pursuant to the Order, a collection agency acting on behalf of the HOA may not charge more than nine (9) months of assessments. It should be noted that this nine (9) month cap does include extraneous fees such as interest, fines, and penalties.
Click here to read the Order.
Ronald E. Gillette, Esq.
Kelle L. Kuebler, Attorney*
*Licensed only in New York and Connecticut