NRS 106A.050: “Modification” defined.
Where this section sits in the code
- TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS
- CHAPTER 106A - MORTGAGE MODIFICATIONS (UNIFORM ACT)
“Modification” includes change, amendment, revision, correction, addition, supplementation, elimination, waiver and restatement.
1. “Mortgage” means an agreement that creates a consensual interest in real property to secure payment or performance of an obligation, regardless of:
(a) How the agreement is denominated, including a mortgage, deed of trust, trust deed, security deed, indenture and deed to secure debt; and
(b) Whether the agreement also creates a security interest in personal property; and
2. The term does not include an agreement that creates a consensual interest to secure a liability owed by a unit owner to a condominium association, owners’ association or cooperative housing association for association dues, fees or assessments.
Collected 2026-09-03T05:51:31Z. Source file · JSON