§ 645B.240 Limitations on charging late fee, additional amount of interest or other penalty
§ 645B.250 Prohibition on advancing payments to investor on behalf of debtor in default; exceptions
§ 645B.260 Monthly report to Commissioner on delinquencies in payments and defaults; monthly notice to investors; regulations
§ 645B.300 Written appraisal of real property required; persons authorized to perform appraisal; retention and inspection of appraisal; exceptions
§ 645B.305 Requirement that loan include disclosure concerning fees
§ 645B.307 Mortgage company required to include his or her license number or identifying number with loan
§ 645B.310 Requirements for mortgage company to assign interest in loan
§ 645B.320 Copy of recorded deed of trust must be mailed to each investor
§ 645B.330 Limitations on use of power of attorney
§ 645B.340 Multiple holders of beneficial interest in loan: Holders of majority of outstanding principal balance may act on behalf of all holders for certain matters; notice; exception
§ 645B.350 Mortgage company required to provide investors certain options before acquiring ownership or beneficial interest in loan
§ 645B.351 Mortgage company prohibited from including in loan document provision which requires participation in binding arbitration in event of dispute
§ 645B.352 Written servicing agreement required before servicing loan
§ 645B.353 Mortgage company prohibited from releasing borrower or guarantor from personal liability without certain approval
§ 645B.354 Restrictions on withholding money from certain investors; loan servicing agreement may contain provision which provides written consent to withhold money
§ 645B.355 Mortgage company prohibited from acting as construction control
§ 645B.356 Restrictions on placing private investor into certain entities before foreclosure of real property securing loan
§ 645B.357 Restriction on collection of fees by mortgage company; application of fees
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Nevada Revised Statutes > Chapter 645B > Loan Payments and Defaults

  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • county: includes Carson City. See Nevada Revised Statutes 0.033
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • mortgage: includes a deed of trust. See Nevada Revised Statutes 0.037
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • 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.
  • person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC
  • Trustee: A person or institution holding and administering property in trust.