Section 459.646 - Limitations on liability of lenders and persons with security interest in property1. A person who, without participating in the management of a parcel of real property, holds or is the beneficiary of evidence of title to the property primarily to protect a security interest in the property is not a responsible party with respect to a release of a hazardous substance on the property if: (a) The owner of the property is relieved from liability under NRS 459.610 to 459.658, inclusive, with respect to the release;(b) The owner or holder of evidence of title did not cause the release; and(c) The owner or holder of evidence of title does not participate actively in decisions concerning hazardous substances on the property.2. A lender to a prospective purchaser who has filed an application to participate in the program pursuant to NRS 459.634 or a lender who forecloses his or her security interest in property pursuant to NRS 40.430 to 40.450, inclusive, or 107.080 to 107.140, inclusive, and within a reasonable period after the foreclosure, not to exceed 2 years, sells, transfers or conveys the property to a prospective purchaser who has filed an application to participate in the program pursuant to NRS 459.634 is not a responsible party solely as a result of: (a) Foreclosing a security interest in the property; or(b) Making a loan to the prospective purchaser if the loan: (1) Is to be used for acquiring property or removing or remediating hazardous substances on property; and(2) Is secured by the property that is to be acquired or on which is located the hazardous substances that are to be removed or remediated.Added to NRS by 1999, 2693; A 2009, 1759Added to NRS by 1999, 2693; A 2009, 1759