2011 Nevada Revised Statutes
Chapter 598D - Unfair Lending Practices
NRS 598D.130 - Required provisions in instrument that secures certain home loans.
If:
1. A mortgage, deed of trust or other instrument encumbers home property as security for repayment of a home loan; and
2. The home loan is subject to the provisions of 152 of the Home Ownership and Equity Protection Act of 1994, 15 U.S.C. 1602(aa), and the regulations adopted by the Board of Governors of the Federal Reserve System pursuant thereto, including, without limitation, 12 C.F.R. 226.32,
the mortgage, deed of trust or other instrument must expressly indicate in writing in a size equal to at least 14-point bold type on the front page of the mortgage, deed of trust or other instrument that the home loan is a home loan as defined in NRS 598D.040 and is subject to the provisions of 152 of the Home Ownership and Equity Protection Act of 1994, 15 U.S.C. 1602(aa), and the regulations adopted by the Board of Governors of the Federal Reserve System pursuant thereto, including, without limitation, 12 C.F.R. 226.32.
(Added to NRS by 2003, 2892; A 2005, 1710; 2009, 1895)
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