Title 107 · NRS Chapter 107
Foreclosure prevention alternative defined.
Citation: NRS 107.420
Section: 107.107.420
NRS
107.420
Foreclosure prevention alternative defined.
Foreclosure prevention alternative means a modification of a loan secured by the most senior residential mortgage loan on the property or any other loss mitigation option. The term includes, without limitation, a sale in lieu of a foreclosure sale.
(Added to NRS by 2013, 2185 ; A 2015, 3345 ; 2019, 1371 )