Nev. Rev. Stat. § 40.511 – Exceptions to applicability of NRS 40.507 and 40.508 | Midpage
§ 40.511
Nev. Rev. Stat. § 40.511
Exceptions to applicability of NRS 40.507 and 40.508
Effective Oct 1, 1995(Added to NRS by 1993, 155; A 1995, 510)
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