40.511 - Exceptions to applicability of NRS 40.507 - Nevada Statutes - USA Laws Searching

Statutes > Nevada Statutes > TITLE 3 - REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS > Chapter 40 - Actions and Proceedings in Particular Cases Concerning Property > ENVIRONMENTAL IMPAIRMENT OF REAL COLLATERAL OF SECUREDLENDER > 40.511 - Exceptions to applicability of NRS 40.507

40.511 - Exceptions to applicability of NRS 40.507

40.511  Exceptions to applicability of NRS 40.507 and 40.508.  NRS 40.507 and 40.508 do not apply if the real collateral is a unit put to residential use in a common-interest community or is real property upon which:

      1.  The owner maintains the owner’s principal residence;

      2.  There is not more than one residential structure; and

      3.  Not more than four families reside.

      (Added to NRS by 1993, 155; A 1995, 510)

    Â