Where must a summary of the reserves be submitted?

Submitting a summary of the reserves to the Real Estate Division is essential because this division oversees the regulatory compliance of community associations in Nevada. The Real Estate Division ensures that associations are maintaining proper financial health and following applicable laws. By requiring a summary of reserves, the division can assess whether the association is adequately preparing for future repairs and replacements of common elements, which is fundamental for the sustainability of community operations.

This requirement is established to protect the interests of homeowners and to promote transparency and accountability in how associations manage their finances. It ensures that associations are not only compliant with regulatory standards but also that they are planning appropriately for the long-term fiscal health of the community.

The other options do not represent the correct protocol as they do not have the same regulatory oversight or requirement for submitting reserve summaries. In some cases, providing information to associations or commissions may relate to different aspects of governance or operational requirements, but for reserve summaries specifically, the Real Estate Division is the designated authority.