{"data":{"id":"us-nv/nrs-106.360","jurisdiction":"us-nv","citation":"NRS 106.360","heading":"Execution, enforceability, contents and amendment of instrument.","body":"1. A borrower may execute an instrument encumbering the borrower’s real property to secure future advances from a lender within a mutually agreed maximum amount of principal. The instrument or an amendment to the instrument is enforceable only if the instrument or the amendment is recorded in the office of the county recorder of the county in which the real property is located and the party seeking to enforce the instrument or the amendment is an original party to the instrument or amendment or the current assignee of record.\n2. The instrument must state clearly:\n(a) That it secures future advances; and\n(b) The maximum amount of principal to be secured.\n3. The maximum amount of advances of principal to be secured by the instrument may increase or decrease from time to time by amendment of the instrument.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 106 - REAL MORTGAGES","ENCUMBRANCE TO SECURE FUTURE ADVANCES"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-106.html#NRS106Sec360","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"22282c11ac658e064be3b03e4273126e0f00240c68b8012aae6bc9adbac44689","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-106.350","next":"us-nv/nrs-106.370"},"notice":"GroundRules: Original legal text. Not legal advice."}