Nevada Revised Statutes 319.045 – ‘Collateralized mortgage obligation’ defined
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‘Collateralized mortgage obligation‘ means an obligation which represents an interest in a loan or a group of loans or which may be issued by the owner of one or more loans and secured by an assignment of or an interest in the principal or interest payable from such a loan or loans or by an interest in the underlying loan.
Terms Used In Nevada Revised Statutes 319.045
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.