Nev. Rev. Stat. § 116.310313

Collection of past due obligation; charge of reasonable fee to collect

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NRS 116.310313  Collection of past due obligation; charge of reasonable fee to collect.

      1.  An association may charge a unit’s owner reasonable fees to cover the costs of collecting any past due obligation. The Commission shall adopt regulations establishing the amount of the fees that an association may charge pursuant to this section.

      2.  The provisions of this section apply to any costs of collecting a past due obligation charged to a unit’s owner, regardless of whether the past due obligation is collected by the association itself or by any person acting on behalf of the association, including, without limitation, an officer or employee of the association, a community manager or a collection agency.

      3.  As used in this section:

      (a) “Costs of collecting” includes any fee, charge or cost, by whatever name, including, without limitation, any collection fee, filing fee, recording fee, fee related to the preparation, recording or delivery of a lien or lien rescission, title search lien fee, bankruptcy search fee, referral fee, fee for postage or delivery and any other fee or cost that an association charges a unit’s owner for the investigation, enforcement or collection of a past due obligation. The term does not include any costs incurred by an association if a lawsuit is filed to enforce any past due obligation or any costs awarded by a court.

      (b) “Obligation” means any assessment, fine, construction penalty, fee, charge or interest levied or imposed against a unit’s owner pursuant to any provision of this chapter or the governing documents.

      (Added to NRS by 2009, 2795)

     

Notes of Decisions
Cited in 5 cases, 2012–2017 · leading case: Alex Berezovsky v. Bank of America
Alex Berezovsky v. Bank of America (2017) ca9 “3012 and any costs of collecting a past due obligation charged pursuant to NRS 116.310313 are enforceable as assessments under this section.”
Bayview Loan Servicing, LLC v. Alessi & Koenig, LLC (2013) nvd · cites it 2× “The relevant advisory opinion answers three questions: (1) whether the super-priority amount includes “costs of collecting” as defined under section 116.310313(no); (2) whether the super-priority amount may ever exceed nine months of regular dues plus removal, abatement, and…”
State Department of Business & Industry, Financial Institutions Division v. Nevada Ass'n Services, Inc. (2012) nev · cites it 2× “NRS 116.310313(1) also allows “[a]n association [to] charge a unit’s owner reasonable fees to cover the costs of collecting any past due obligation.”
HORIZONS AT SEVEN HILLS VS. IKON HOLDINGS (2016) nev · cites it 18× “Specifically, in 2009, the Legislature amended MRS Chapter 116 by adding a new section, NRS 116.310313, permitting HOAs to charge homeowners collection costs in advance of foreclosure.”
HORIZONS AT SEVEN HILLS VS. IKON HOLDINGS (2016) nev · cites it 6× “Specifically, in 2009, the Legislature amended NRS Chapter 116 by adding a new section, NRS 116.310313, permitting HOAs to charge homeowners collection costs in advance of foreclosure.”
— Nev. Rev. Stat. § 116.310313(1) — 1 case
State Department of Business & Industry, Financial Institutions Division v. Nevada Ass'n Services, Inc. (2012) nev “NRS 116.310313(1) also allows “[a]n association [to] charge a unit’s owner reasonable fees to cover the costs of collecting any past due obligation.”
— Nev. Rev. Stat. § 116.310313(2) — 1 case
State Department of Business & Industry, Financial Institutions Division v. Nevada Ass'n Services, Inc. (2012) nev “NRS 116.310313(1) also allows “[a]n association [to] charge a unit’s owner reasonable fees to cover the costs of collecting any past due obligation.”
— Nev. Rev. Stat. § 116.310313(no) — 1 case
Bayview Loan Servicing, LLC v. Alessi & Koenig, LLC (2013) nvd “The relevant advisory opinion answers three questions: (1) whether the super-priority amount includes “costs of collecting” as defined under section 116.310313(no); (2) whether the super-priority amount may ever exceed nine months of regular dues plus removal, abatement, and…”
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