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Nev. Rev. Stat. ch. 107 – Deeds of Trust | Midpage
Collections
Nevada Revised Statutes
Title 9
Chapter 107
Nev. Rev. Stat. ch. 107
Deeds of Trust
107.015
Definitions
107.020
Transfers in trust of real property to secure obligations
107.025
Estate for years: Encumbrance by deed of trust; foreclosure by exercise of power of sale
107.026
Priority of certain deeds of trust over other liens
107.027
Lease of unit of cooperative: Ownership interest and votes in cooperative association appurtenant to proprietary lease; encumbrances
107.028
Trustees: Qualifications; limitations on powers; appointment of new trustee; duties; immunity from liability for certain good faith errors; damages in certain civil actions
107.029
Trustees: Declaration of nonmonetary status; objection to declaration
107.030
Adoption of covenants by reference
107.040
Adoption of covenants by reference in instrument
107.050
Parties may enter into different or additional covenants
107.055
Amount must be stated in instrument
107.070
Recording of assignments of beneficial interests and instruments subordinating or waiving priority of deeds of trust
107.071
Request by grantor of deed of trust for certified copy of note, deed of trust and assignments
107.073
Marginal entries; reconveyance must be recorded if deed of trust recorded by photographic process; presentation of certificate executed by trustee or trustee’s personal representative or assignee
107.077
Delivery of documents by beneficiary to trustee; recording by trustee; liability for failure to deliver or record documents; requirements for release of deed of trust when reconveyance not recorded; liability for improperly recording deed of trust; criminal penalty
107.078
Partial discharge: Delivery of documents by beneficiary to trustee; recording by trustee; liability for failure to deliver or record documents; requirements for partial release of deed of trust when reconveyance not recorded; criminal penalty
107.079
Reconveyance when beneficiary cannot be located or refuses to execute and deliver request for reconveyance; recording of surety bond and declaration required in certain circumstances; fees; liability of trustee for reconveyance; remedy
107.080
Trustee’s power of sale: Power conferred; required notices; effect of sale; circumstances in which sale must be declared void; civil actions for noncompliance with certain requirements; duty to post; duty to record; fees
107.0805
Trustee’s power of sale: Requirements and conditions; contents of notarized affidavits; circumstances in which sale must be declared void
107.081
Time and place of sale; agent holding sale not to be purchaser
107.082
Oral postponement of sale
107.083
Proceedings after purchaser refuses to pay amount bid
107.084
Penalty for removing or defacing notice of sale
107.085
Restrictions on trustee’s power of sale concerning certain deeds of trust: Applicability; service of notice; scheduling of date of sale; form of notice; judicial foreclosure not prohibited; “unfair lending practice” defined
107.086
Additional requirements for sale of owner-occupied housing: Notice; form; petition for mediation; election to waive mediation; adoption of rules concerning mediation; applicability
107.0865
Mediation to negotiate loan modification
107.087
Notice of default and election to sell in residential foreclosure: Requirements
107.090
Request for notice of default and sale: Recording and contents; mailing of notice; request by association; effect of request
107.095
Notice of default: Mailing to guarantor or surety of debt; effect of failure to give
107.100
Receiver: Appointment after filing notice of breach and election to sell
107.140
Sale in lieu of foreclosure sale: Limitations
107.200
Contents of statement regarding debt secured by deed of trust
107.210
Contents of statement of amount necessary to discharge debt secured by deed of trust
107.220
Persons authorized to request statement from beneficiary; proof of identity of successor in interest
107.230
Proof of authorization to request statement
107.240
Grounds for refusal to deliver statement
107.250
Reliance upon accuracy of statement and amended statement; notification of amended statement; recovery of money by beneficiary if statement is deficient
107.260
Copy of note or deed of trust for authorized requester
107.270
Address to which request for statement must be mailed
107.280
Debt to which information contained in statement is applicable
107.290
Unclear request for statement deemed to be request for amount necessary to discharge debt
107.300
Penalty for failure to deliver statement; bar to recovery of certain damages
107.310
Fee for furnishing statement
107.311
Applicability of NRS 107.310
107.400
Definitions
107.410
“Borrower” defined
107.420
“Foreclosure prevention alternative” defined
107.430
“Foreclosure sale” defined
107.440
“Mortgage servicer” defined
107.450
“Residential mortgage loan” defined
107.460
Applicability
107.470
Right of borrower to pursue more than one foreclosure prevention alternative
107.480
Restrictions on trustee’s power of sale and civil actions for foreclosure sales
107.490
Duties of mortgage servicer
107.500
Requirements before recording of notice of default and election to sell or commencing civil action for foreclosure sale: Notice; contents
107.510
Recording of notice of default and election to sell or commencing civil action for foreclosure sale prohibited in certain circumstances; mortgage servicer required to contact borrower; exceptions
107.520
Application for foreclosure prevention alternative; acknowledgment of receipt required; contents of acknowledgment; deficiencies in application
107.530
Effect of submitting application for foreclosure prevention alternative; offer, acceptance and rejection of foreclosure prevention alternative; denial of application; appeal; fees prohibited
107.540
Single point of contact required to be established by mortgage servicer for foreclosure prevention alternative; responsibilities
107.550
Dismissal of civil action for foreclosure sale, rescission of notice of default and election to sell or notice of sale and cancellation of pending foreclosure sale required in certain circumstances; effect on mortgagee or beneficiary of deed of trust
107.560
Injunctive relief for violation; civil action to recover economic damages; award of costs and attorney’s fees to prevailing party