SB395A

Nevada SB395A limits the number of residential real properties corporations and limited-liability companies can purchase annually and mandates.

Nevada SB395A amends real property laws by restricting the total number of residential units corporations, limited-liability companies, and their affiliates can purchase in a year to 1,000. It also requires these entities to register with the Securities Division of the Secretary of State, creating a public registry. The bill mandates that deeds include specific ownership information and prohibits recording unless the property is not the primary residence of the owner. Additionally, it appropriates funds for the Office of the Secretary of State to implement these provisions.