Nev. Admin. Code § 319.539 - "Second mortgage loan" defined

Current through March 28, 2022

"Second mortgage loan" means a loan that is:

1. Made to a qualified applicant for the payment of the down payment or closing costs, or both, for a qualified residence;
2. Evidenced by a second deed of trust note; and
3. Secured by a second deed of trust.

Notes

Nev. Admin. Code § 319.539
Added to NAC by Housing Div. by R166-99, eff. 6-15-2000

NRS 319.140, 319.210

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