Nevada Revised Statutes 682A.055 – ‘Credit tenant loan’ defined
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‘Credit tenant loan’ means a mortgage loan which is made primarily in reliance on the credit standing of a major tenant, structured with an assignment of the rental payments to the lender with real estate pledged as collateral in the form of a first position lien.
Terms Used In Nevada Revised Statutes 682A.055
- Lien: A claim against real or personal property in satisfaction of a debt.