Neb. Admin. Code tit. 300 — Real Estate Commission

Chapter 1 Retirement Subdivisions and Retirement Communities; Statement of Record; Filing Requirements.

Neb. Admin. Code tit. 300, ch. 1 Retirement Subdivisions and Retirement Communities; Statement of Record; Filing Requirements. {#sec-300-nac-1 omnilex-key=us-ne-regs-official--title-300--300 NAC 1}

001 The Statement of Record, or of an amendment thereto, shall be filed with the Commission on forms prescribed by it. An Annual Renewal Report as required in Neb. Rev. Stat. Section 76-1310 shall be considered an amendment to the Statement of Record and shall be filed with the Commission on forms prescribed by it. The Statement of Record form and the Annual Renewal Report form are attached hereto as Attachments 1 and 2, respectively.

002 The filing fee shall be as follows:

002.01 Statement of Record - $200.00

002.02 Amendment to Statement of Record - $200.00

003 The Statement of Record for the registration of a retirement community shall be accompanied by a set of blueprints showing the floor plans and outline specifications of all buildings containing the units as well as all other buildings or facilities to be used in support thereof.

004 In lieu of the attorney's opinion mentioned in Neb. Rev. Stat. Section 76-1306(1)(f), the condition of the title to the subdivision lands may be shown by a title policy issued, within 30 days of the date of the filing of the Statement of Record, by a title insurance company licensed to do business in this State.

005 The Statement of Record shall be accompanied by copies of promotional materials used or proposed to be used in promoting the sale or lease of any unit or interest in the subdivision or community.

006 The Statement of Record shall be kept current with respect to all required items of inclusion during the entire period of operation of the retirement community or retirement subdivision.

007 The Commission shall prescribe the form of the registration certificate, the Public-offering Statement, and the Registration of Escrow Account. Each registration certificate shall have placed thereon the seal of the Commission. It shall be the duty of the developer to display his or her registration certificate conspicuously in his or her place of business. The Public-offering Statement form and the Registration of Escrow Account form are attached hereto as Attachments 3 and 4, respectively.

The effective date of this amended Chapter shall be July 1, 2004.

Laws 1972, LB 1311, §3; RS 1943, §76-1311, R. S. Supp., 1974.

Effective date July 6, 1972.

History

• Effective 2004-05-22