{"data":{"id":"us-nv/nrs-459.646","jurisdiction":"us-nv","citation":"NRS 459.646","heading":"Limitations on liability of lenders and persons with security interest in property.","body":"1. A person who, without participating in the management of a parcel of real property, holds or is the beneficiary of evidence of title to the property primarily to protect a security interest in the property is not a responsible party with respect to a release of a hazardous substance on the property if:\n(a) The owner of the property is relieved from liability under NRS 459.610 to 459.658, inclusive, with respect to the release;\n(b) The owner or holder of evidence of title did not cause the release; and\n(c) The owner or holder of evidence of title does not participate actively in decisions concerning hazardous substances on the property.\n2. A lender to a prospective purchaser who has filed an application to participate in the program pursuant to NRS 459.634 or a lender who forecloses his or her security interest in property pursuant to NRS 40.430 to 40.450, inclusive, or 107.080 to 107.140, inclusive, and within a reasonable period after the foreclosure, not to exceed 2 years, sells, transfers or conveys the property to a prospective purchaser who has filed an application to participate in the program pursuant to NRS 459.634 is not a responsible party solely as a result of:\n(a) Foreclosing a security interest in the property; or\n(b) Making a loan to the prospective purchaser if the loan:\n(1) Is to be used for acquiring property or removing or remediating hazardous substances on property; and\n(2) Is secured by the property that is to be acquired or on which is located the hazardous substances that are to be removed or remediated.","path":["TITLE 40 — PUBLIC HEALTH AND SAFETY","CHAPTER 459 - HAZARDOUS MATERIALS","PROGRAM FOR VOLUNTARY CLEANUP OF HAZARDOUS SUBSTANCES AND RELIEF FROM LIABILITY"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-459.html#NRS459Sec646","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:40Z","sha256":"c7865c6f894f8cc4358bbbbc9611820baf59d9734273bff49439f5b6c5b1ca01","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-459.644","next":"us-nv/nrs-459.648"},"notice":"GroundRules: Original legal text. Not legal advice."}