1. If the Administrator denies an application for a permit to sell time shares, an amendment to the statement of record or the renewal of a permit to sell time shares, the applicant may, within 30 days, file a written request for a hearing. The Administrator shall set the matter for hearing to be conducted within 90 days after receipt of the applicant’s request, unless the applicant requests a postponement of the hearing at least 3 working days before the date set for hearing. If such a request is made by the applicant, the date of the hearing must be agreed upon between the Division and the applicant.
2. If the Division fails to:
(a) Hold the hearing within 90 days or within the extended time if a postponement is requested;
(b) Render its decision within 60 days after the hearing; or
(c) Notify the applicant in writing, by its order, within 15 days after its decision was made,
the order of denial expires and the Division shall issue, within 15 days, a permit to sell time shares to the developer.
(Added to NRS by 1983, 981; A 2013, 3518)
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