2014 Nevada Revised Statutes
Chapter 319 - Assistance to Finance Housing
NRS 319.100 - Mortgage defined.
Mortgage means a mortgage deed, deed of trust or other instrument which constitutes a lien on real property in fee simple or on a leasehold under a lease whose remaining term, at the time such mortgage is acquired, does not expire for at least that number of years beyond the maturity date of the obligation secured by such mortgage as is established by the Division as necessary to protect its interest as mortgagee.
(Added to NRS by 1975, 627)
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