NRS 107.420 - “Foreclosure prevention alternative” defined.

NV Rev Stat § 107.420 (2019) (N/A)
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“Foreclosure prevention alternative” means a modification of a loan secured by the most senior residential mortgage loan on the property or any other loss mitigation option. The term includes, without limitation, a sale in lieu of a foreclosure sale.

(Added to NRS by 2013, 2185; A 2015, 3345; 2019, 1371)