"Commercial mortgage loan" defined. [Effective January 1, 2020.]

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"Commercial mortgage loan" means a loan primarily for a business, commercial or agricultural purpose that:

1. Directly or indirectly, is secured by a lien on commercial property; and

2. Is created with the consent of the owner of the commercial property.

(Added to NRS by 2017, 3035, effective January 1, 2020)


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