NRS 107.420
“Foreclosure prevention alternative” defined.


“Foreclosure prevention alternative” means a modification of a loan secured by the most senior residential mortgage loan on the property or any other loss mitigation option. The term includes, without limitation, a sale in lieu of a foreclosure sale.

Source: Section 107.420 — “Foreclosure prevention alternative” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-107.­html#NRS107Sec420.

Last Updated

Jun. 24, 2021

§ 107.420’s source at nv​.us