Nev. Admin. Code § 319.539

Current through December 12, 2024

Section 319.539 - "Second mortgage loan" defined

"Second mortgage loan" means a loan that is:

1. Made to a qualified applicant for the payment of the down payment or closing costs, or both, for a qualified residence;

2. Evidenced by a second deed of trust note; and

3. Secured by a second deed of trust.

Nev. Admin. Code § 319.539

Added to NAC by Housing Div. by R166-99, eff. 6-15-2000

NRS 319.140, 319.210