{"data":{"id":"us-nv/nrs-645f.720","jurisdiction":"us-nv","citation":"NRS 645F.720","heading":"“Reverse mortgage” defined.","body":"“Reverse mortgage” means a loan collateralized by real estate that:\n1. Does not require contractual monthly payments; and\n2. Is typically repaid upon the death of the borrower through the sale of the home or refinance by the heirs of the deceased borrower.","path":["TITLE 54 — PROFESSIONS, OCCUPATIONS AND BUSINESSES","CHAPTER 645F - MORTGAGE LENDING AND RELATED PROFESSIONS","COVERED INSTITUTIONS","General Provisions"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-645F.html#NRS645FSec720","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:45Z","sha256":"e45ede755937077643ff2f2798b6facd641ca952db018627722877adfb5a04a4","source_id":"us-nv","stale":false,"prev":"us-nv/nrs-645f.710","next":"us-nv/nrs-645f.730"},"notice":"GroundRules: Original legal text. Not legal advice."}