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2021 Nevada Revised Statutes
Chapter 645B - Mortgage Companies and Mortgage Loan Originators
NRS 645B.353 - Mortgage company prohibited from releasing borrower or guarantor from personal liability without certain approval. [Effective January 1, 2020.]
Universal Citation: NV Rev Stat § 645B.353 (2021)
Except as otherwise permitted by law, a mortgage company shall not release a borrower or guarantor from personal liability for a loan unless a majority of the investors approve such a release.
(Added to NRS by 2011, 3604; A 2017, 3066, effective January 1, 2020)
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