{"data":{"id":"us-nv/nrs-107.490","jurisdiction":"us-nv","citation":"NRS 107.490","heading":"Duties of mortgage servicer.","body":"1. Any duty of a mortgage servicer to maximize net present value under a pooling and servicing agreement is owed to all parties in a loan pool, or to all investors under a pooling and servicing agreement, not to any particular party in the loan pool or investor under a pooling and servicing agreement.\n2. A mortgage servicer acts in the best interests of all parties to the loan pool or investors in the pooling and servicing agreement if the mortgage servicer agrees to or implements a foreclosure prevention alternative for which both of the following apply:\n(a) The residential mortgage loan is in payment default or payment default is reasonably foreseeable.\n(b) Anticipated recovery under the foreclosure prevention alternative exceeds the anticipated recovery through foreclosure on a net present value basis.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 107 - DEEDS OF TRUST","ADDITIONAL REQUIREMENTS FOR FORECLOSURE OF OWNER-OCCUPIED HOUSING SECURING RESIDENTIAL MORTGAGE LOAN"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-107.html#NRS107Sec490","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"889a3eb38e2fbe05ee8e39f32739e41d3280c50b6471ce57d6c38d95844c3d77","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-107.480","next":"us-nv/nrs-107.500"},"notice":"GroundRules: Original legal text. Not legal advice."}