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2013 Nevada Revised Statutes
Chapter 107 - Deeds of Trust
NRS 107.420 - Foreclosure prevention alternative defined.


NV Rev Stat § 107.420 (2013) What's This?

Foreclosure prevention alternative means a modification of a loan secured by the most senior residential mortgage loan on the property or any other loss mitigation option. The term includes, without limitation, a sale in lieu of a foreclosure sale, as defined in NRS 40.4634.

(Added to NRS by 2013, 2185)

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