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2021 Nevada Revised Statutes
Chapter 681B - Assets and Liabilities
NRS 681B.109 - Valuation of purchase money mortgages.
Universal Citation: NV Rev Stat § 681B.109 (2021)
Purchase money mortgages on real property referred to in subsection 1 of NRS 681B.108 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90 percent of the fair value of such real property, whichever is less.
(Added to NRS by 1971, 1617) — (Substituted in revision for NRS 681B.190)
PROVISIONS GOVERNING POLICIES AND CONTRACTS NOT SUBJECT TO PROVISIONS OF THE VALUATION MANUAL
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