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Nevada Rev. Stat.
2021 Nevada Revised Statutes
Chapter 645E - Mortgage Bankers
NRS 645E.030 - "Commercial mortgage loan" defined. [Effective through December 31, 2019.]
Universal Citation:
NV Rev Stat § 645E.030 (2021)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
"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 1999, 3744; A 2017, 3597; R 2017, 3106, effective January 1, 2020)
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