Nev. Admin. Code § 361.865 - Certificate of eligibility: Effects of recordation and filing

1. The recordation of a copy of a certificate of eligibility pursuant to NRS 361.7386 does not:

(a) Confer upon the claimant a right to a refund of property taxes already paid.

(b) Waive the duties of the county treasurer of the county in which the single-family residence is located to:

(1) Mail a notice of delinquency as required by NRS 361.5648; or

(2) Issue a trustee's certificate as required by NRS 361.570.

(c) Change the date upon which the property taxes become delinquent or the period of redemption set forth in NRS 361.570.

2. If a certificate of eligibility is filed, the county treasurer of the county in which the single-family residence is located may postpone the publication of the notice of delinquency required by NRS 361.565 during the period for which the payment of the property tax will be postponed. If the publication of the notice of delinquency is postponed, the county treasurer shall not charge the claimant with the cost of publication until such notice is published.

3. If the property taxes for a single-family residence for which a certificate of eligibility is recorded are paid by a mortgage company, the claimant is responsible for making arrangements with the mortgage company for the postponement of the payment of the taxes and for any adjustments that may be needed to an impound account for the payment of the taxes.

Notes

Nev. Admin. Code § 361.865

Added to NAC by Dep't of Taxation by R225-03, eff. 2-18-2004

NRS 361.7374, 361.7386