Nevada Revised Statutes 681B.109 – Valuation of purchase money mortgages
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Purchase money mortgages on real property referred to in subsection 1 of NRS 681B.108 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or 90 percent of the fair value of such real property, whichever is less.
Terms Used In Nevada Revised Statutes 681B.109
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.