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2019 Nevada Revised Statutes
Chapter 682A - Investments
NRS 682A.009 - “Acceptable private mortgage insurance” defined.
Universal Citation: NV Rev Stat § 682A.009 (2019)
“Acceptable private mortgage insurance” means insurance written by a private insurer protecting a mortgage lender against loss occasioned by a mortgage loan default and issued by a licensed mortgage insurance company with a rating of 1 by the SVO, or a rating issued by a nationally recognized statistical rating organization equivalent to a rating of 1 by the SVO, that covers losses up to an 80 percent loan-to-value ratio.
(Added to NRS by 2015, 3416)
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