Nev. Rev. Stat. § 107.140

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 107.140 - Sale in lieu of foreclosure sale: Limitations

No provision of the laws of this State may be construed to require a sale in lieu of a foreclosure sale to be an arm's length transaction or to prohibit a sale in lieu of a foreclosure sale that is not an arm's length transaction.

NRS 107.140

Added to NRS by 2013, 2195; A 2015, 3345; 2019, 1371

Amended by 2019, Ch. 238,§18, eff. 10/1/2019.

Amended by 2015, Ch. 518,§14, eff. 10/1/2015.

Added by 2013, Ch. 403,§16.5, eff. 10/1/2013, applicable only with respect to trust agreements for which a notice of default is recorded on or after 10/1/2013, and to a judicial foreclosure action commenced on or after 10/1/2013.