{"data":{"id":"us-nv/nrs-40.4638","jurisdiction":"us-nv","citation":"NRS 40.4638","heading":"Circumstances under which action to enforce obligation is prohibited.","body":"1. A person to whom an obligation secured by a junior mortgage or lien on real property is owed may not bring any action to enforce that obligation after a foreclosure sale of the real property which secured that obligation or a sale in lieu of a foreclosure sale if:\n(a) The person is a financial institution;\n(b) The real property which secured the obligation is a single-family dwelling and the debtor or grantor was the owner of the real property at the time of the foreclosure sale or sale in lieu of a foreclosure sale;\n(c) The debtor or grantor used the amount of the obligation to purchase the real property;\n(d) The debtor or grantor continuously occupied the real property as the debtor’s or grantor’s principal residence after securing the obligation; and\n(e) The debtor or grantor did not refinance the obligation after securing it.\n2. As used in this section, “financial institution” has the meaning ascribed to it in NRS 363A.050.","path":["TITLE 3 — REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS","CHAPTER 40 - ACTIONS AND PROCEEDINGS IN PARTICULAR CASES CONCERNING PROPERTY","DEBT SECURED BY MORTGAGE OR OTHER LIEN","Actions by Holders of Junior Real Mortgages After Foreclosure Sales"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-040.html#NRS040Sec4638","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:30Z","sha256":"9e293a3317ccad8328512b2977548e02944bcfa15f56780079025b1065161b2e","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-40.4636","next":"us-nv/nrs-40.4639"},"notice":"GroundRules: Original legal text. Not legal advice."}