Nev. Admin. Code § 375.040

Current through November 8, 2024

Section 375.040 - "Deed of trust" and "trust deed" defined

"Deed of trust" or "trust deed" means an instrument taking the place and serving the uses of a common-law mortgage, by which legal title to real property is placed in one or more trustees, to secure the repayment of a sum of money or the performance of other conditions.

Tax Comm'n, Real Property Transfer Tax Ruling part No. 1, eff. 1-1-68

NRS 360.090, 375.015