Nev. Rev. Stat. § 682A.055

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 682A.055 - "Credit tenant loan" defined

"Credit tenant loan" means a mortgage loan which is made primarily in reliance on the credit standing of a major tenant, structured with an assignment of the rental payments to the lender with real estate pledged as collateral in the form of a first position lien.

NRS 682A.055

Added to NRS by 2015, 3418
Added by 2015, Ch. 522,§63, eff. 7/1/2015.