NRS 645E.030 - “Commercial mortgage loan” defined. [Effective through December 31, 2019.]

NV Rev Stat § 645E.030 (2019) (N/A)
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“Commercial mortgage loan” means a loan primarily for a business, commercial or agricultural purpose that:

1. Directly or indirectly, is secured by a lien on commercial property; and

2. Is created with the consent of the owner of the commercial property.

(Added to NRS by 1999, 3744; A 2017, 3597; R 2017, 3106, effective January 1, 2020)