Fillable Form 562 - Annual Association Registration (Page 4 of 4) in pdf

 Indicate whether the financial statements were reviewed or audited (must engage an independent CPA), the

reporting year the financial statements represent (must be 12 months), and the date the CPA completed the

review or audit.

Reserve Study

NOTE: A reserve study is required to be conducted at least once every 5 years by a reserve study specialist

who, pursuant to NRS116A.420, is qualified by training and experience.

Please include all applicable information based on the most recent study.

 Indicate whether a reserve study has ever been conducted. Date of the site inspection for the most recent

adopted reserve study.

 Indicate whether the most recent study was adopted by board and the date of adoption, pursuant to

NRS 116.31152 (1) and NRS 116B.605 (1).

 Indicate date the Reserve Study Summary Form was mailed/sent to Division, pursuant to NRS 116.31152 (4)

and NRS 116B.605 (4).

 Name and registration number of the Reserve Study Specialist (person not company) who performed the study

Reserve Specialist name and number can be located at

 Indicate whether the Executive Board has performed an annual review.

 Indicate whether the Executive Board has made the necessary adjustments after the annual review of the

reserve study.

 Indicate the required reserve account balance at the end of current fiscal year (from adopted reserve study).

 Indicate the projected reserve account balance at the end of the association’s current fiscal year (from ratified

budget).

 Indicate if there is currently a reserve assessment for the reserve account. If so, for how long?

Board/Management/Declarant

: Each newly elected or appointed board member must complete Form 602 within 90

NOTE

days of his/her election or appointment and submit a copy of Form 602 to the Division.

Only one copy is required, per election or appointment, to be submitted to the Division at

the time of registration.

As applicable, include business and contact name, address, telephone number, fax, and e-mail address for the

following:

 Executive Board – Pursuant to NRS 116.31034 and NRS 116B.445, list all officers and directors. Include

physical address and personal telephone number of each board member (management company’s information

is not acceptable).

 Management Company – Include name of company and the community manager as defined in NRS 116.023

and NRS 116B.050.

 Custodian of Records – Identify physical location of CIC records and person responsible for the records, per

NRS 116.31175 and NRS 116B.670. The financials and other records must be maintained within the county

where the association is located and the books, records and other papers must be made available to the unit

owners at the business office or other location not to exceed 60 miles of the location of the association.

 Hotel Unit Owner – Defined in NRS 116B.125, this only applies to condominium hotels. It includes the

owner of the hotel unit and shared components and may also be declarant, any successor or any designee of

the declarant, or an affiliate of the declarant.

 Attorney – Only provide information if the association has retained an attorney.

 Declarant –As defined in NRS 116.035 and NRS 116B.075, or a successive declarant (developer).

 THE PERSON AUTHORIZED TO SIGN THE FORM MUST BE A BOARD MEMBER,

DECLARANT OR COMMUNITY MANAGER. THAT PERSON MUST PRINT THEIR NAME,

TITLE AND MUST SIGN AND DATE THE FORM. IF THE PERSON IS A COMMUNITY

MANAGER, THEIR LICENSE NUMBER MUST BE LISTED.

Revised 1/20/16

Page 4 of 4

Form 562

Form 562 - Annual Association Registration Page 4

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