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Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 40.451: “Indebtedness” defined.

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Where this section sits in the code
  1. TITLE 3 — REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS
  2. CHAPTER 40 - ACTIONS AND PROCEEDINGS IN PARTICULAR CASES CONCERNING PROPERTY
  3. DEBT SECURED BY MORTGAGE OR OTHER LIEN
  4. Foreclosure Sales and Deficiency Judgments

As used in NRS 40.451 to 40.463, inclusive, “indebtedness” means the principal balance of the obligation secured by a mortgage or other lien on real property, together with all interest accrued and unpaid prior to the time of foreclosure sale, all costs and fees of such a sale, all advances made with respect to the property by the beneficiary, and all other amounts secured by the mortgage or other lien on the real property in favor of the person seeking the deficiency judgment. Such amount constituting a lien is limited to the amount of the consideration paid by the lienholder.

Collected 2026-09-03T05:51:30Z. Source file · JSON

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