"Commercial mortgage loan" defined. [Effective through December 31, 2019.]

Checkout our iOS App for a better way to browser and research.

"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 1999, 3744; A 2017, 3597; R 2017, 3106, effective January 1, 2020)


Download our app to see the most-to-date content.