Exceptions to applicability of NRS 40.507 and 40.508.

  1. Law
  2. Nevada Revised Statutes
  3. Actions and Proceedings in Particular Cases Concerning Property
  4. Exceptions to applicability of NRS 40.507 and 40.508.

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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

3. Not more than four families reside.

(Added to NRS by 1993, 155; A 1995, 510)


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