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2020 Nevada Revised Statutes
Chapter 645B - Mortgage Companies and Mortgage Loan Originators
NRS 645B.01043 - "Commercial mortgage loan" defined. [Effective January 1, 2020.]
Universal Citation: NV Rev Stat § 645B.01043 (2020)
"Commercial mortgage loan" means a loan primarily for a business, commercial or agricultural purpose that:
1. Directly or indirectly, is secured by a lien on commercial property; and
2. Is created with the consent of the owner of the commercial property.
(Added to NRS by 2017, 3035, effective January 1, 2020)
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