Nev. Admin. Code § 561.020

Current through December 31, 2024

Section 561.020 - "Agricultural debt" defined

"Agricultural debt" means money a borrower owes to a creditor which is secured by:

1. Personal property used in or relating to the operation of a farm or ranch; or

2. A parcel of land which is:

(a) More than 20 acres;

(b) Not located in an incorporated city, including Carson City; and

(c) Used in farming or ranching operations by the owner or operator during the 3 years immediately preceding a request for mediation.

The term includes a debt secured by wasteland lying within or contiguous to and in common ownership with a parcel of land described in this subsection.

Nev. Admin. Code § 561.020

Added to NAC by Dep't of Agriculture, eff. 10-30-90

NRS 561.247