Nev. Rev. Stat. § 279A.070

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 279A.070 - Duties of natural person or organization to whom loan is made; deferment of repayment of loan
1. A natural person to whom a loan is made pursuant to this chapter shall:
(a) Maintain the property in a decent, safe and sanitary condition; and
(b) Reside, or have a member of his or her family reside, on the property.
2. An organization to which a loan is made pursuant to this chapter shall maintain the property in a decent, safe and sanitary condition.
3. If the natural person or organization to whom a loan is made is unable to repay in accordance with the established schedule, the governing body may defer, upon good cause shown, repayment of the amount of the loan until the sale of the rehabilitated property.

NRS 279A.070

Added to NRS by 1987, 2205; A 2005, 1305
Added to NRS by 1987, 2205; A 2005, 1305