Nev. Rev. Stat. § 271.410

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 271.410 - Acceleration upon delinquency
1. Failure to pay any installment, whether principal or interest, when due shall ipso facto cause the whole amount of the unpaid principal to become due and payable immediately at the option of the municipality, the exercise of such option to be indicated by the commencement of foreclosure proceedings.
2. At any time prior to the day of sale, the owner may pay the amount of delinquent installments, with accrued interest, all penalties, and costs of collection accrued, including but not necessarily limited to any attorney's fees, and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not been made.

NRS 271.410

Added to NRS by 1965, 1369
Added to NRS by 1965, 1369