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CARSON CITY — A proposal in the state Legislature would allow Nevadans to walk away from their houses after a foreclosure or short sale without getting sued to repay the balance owed, even if they refinanced the property to buy cars, pay off credit cards, send kids to college or otherwise spend their home equity.
A bill before the Nevada Legislature would make it a felony to intentionally damage or remove any part of a home that the occupant knew was in foreclosure. A homeowner or renter who breaks the law could face one to four years in prison and up to $5,000 in fines.
Despite the promises of jobs, increased tax dollars and the potential of technology businesses locating to Nevada, a lobbyist for the casino industry told lawmakers Thursday one important aspect would keep them from approving Internet poker in the Silver State.
CARSON CITY — Sen. Michael Schneider, long a champion of regulating homeowners associations, unveiled his senatorial swan song Wednesday: an omnibus bill that does everything from limiting fees when homes are sold to barring HOAs from using radar speed guns.
A proposal to ban the use of insurance credit scoring systems to set premiums and deny, approve or continue insurance coverage drew support Wednesday from the Assembly Commerce and Labor Committee. Members expressed concern that low-income residents and minorities may be getting low scores, resulting in higher premiums or their being denied auto and homeowner insurance.
A government-affairs executive has left the Las Vegas Chamber of Commerce to open a business, leaving the trade group without two important executives during the state’s legislative session.