NRS 111.311
Conveyance of real property pursuant to agreement for deed in lieu of foreclosure must be recorded by deed

  • civil liability for failure to record deed.

1.

After the conveyance of real property pursuant to an agreement for a deed in lieu of a foreclosure sale, the grantee shall, within 30 days after the date of the conveyance, record the conveyance by recording a deed in the office of the county recorder of the county in which the property is located.

2.

If the grantee fails to record a deed pursuant to subsection 1, the grantee is liable in a civil action:

(a)

To a grantor of the deed in lieu of foreclosure or any party that is a senior lienholder against the property that is the subject of the sale in a sum of up to $500 and for reasonable attorney’s fees and the costs of bringing the action; and

(b)

For any actual damages caused by the failure to comply with the provisions of subsection 1 and for reasonable attorney’s fees and the costs of bringing the action.

Source: Section 111.311 — Conveyance of real property pursuant to agreement for deed in lieu of foreclosure must be recorded by deed; civil liability for failure to record deed., https://www.­leg.­state.­nv.­us/NRS/NRS-111.­html#NRS111Sec311.

Last Updated

Jun. 24, 2021

§ 111.311’s source at nv​.us