Action to recover money deposited in escrow; discharge from further responsibility for holder of escrow; right of holder to bring action for interpleader.

  1. Law
  2. Nevada Revised Statutes
  3. Escrow Agencies and Agents
  4. Action to recover money deposited in escrow; discharge from further responsibility for holder of escrow; right of holder to bring action for interpleader.

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1. If an action is filed to recover money deposited in an escrow established for the sale of real property, the holder of the escrow may deposit the money, less any fees or charges owed to the holder of the escrow, with the court in which the action is filed.

2. A holder of an escrow who complies with the provisions of subsection 1 is discharged from further responsibility for the money which the holder of the escrow deposits with the court.

3. This section does not limit the right of the holder of the escrow to bring an action for interpleader pursuant to N.R.C.P. 22 to determine the rightful claimant of the money deposited in the escrow.

(Added to NRS by 1995, 1527)


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