{"data":{"id":"us-nv/nrs-32.360","jurisdiction":"us-nv","citation":"NRS 32.360","heading":"Effect of enforcement by mortgagee.","body":"1. A request by a mortgagee for the appointment of a receiver, the appointment of a receiver or the application by a mortgagee of receivership property or proceeds to the secured obligation does not:\n(a) Make the mortgagee a mortgagee in possession of the real property;\n(b) Make the mortgagee an agent of the owner;\n(c) Constitute an election of remedies that precludes a later action to enforce the secured obligation;\n(d) Make the secured obligation unenforceable;\n(e) Limit any right available to the mortgagee with respect to the secured obligation;\n(f) Constitute an action within the meaning of subsection 1 of NRS 40.430; or\n(g) Except as otherwise provided in subsection 2, bar a deficiency judgment pursuant to law of this State other than NRS 32.100 to 32.370, inclusive, governing or relating to a deficiency judgment.\n2. If a receiver sells receivership property that pursuant to subsection 2 of NRS 32.315 is free and clear of a lien, the ability of a creditor to enforce an obligation that had been secured by the lien is subject to law of this State other than NRS 32.100 to 32.370, inclusive, relating to a deficiency judgment.","path":["TITLE 3 — REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS","CHAPTER 32 - RECEIVERS","UNIFORM COMMERCIAL REAL ESTATE RECEIVERSHIP ACT","Miscellaneous Provisions"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-032.html#NRS032Sec360","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:30Z","sha256":"249c9f8598a78711b01b99ab4e17f5a9de822b5a804bfd154122544ad2843572","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-32.355","next":"us-nv/nrs-32.365"},"notice":"GroundRules: Original legal text. Not legal advice."}