NRS 106A.060 “Mortgage” defined.
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/nv/chapter-106a-mortgage-modifications-uniform-act/106a-060·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 106A.060 “Mortgage” defined.
1. “Mortgage” means an agreement that creates a consensual interest in real property to secure payment or performance of an obligation, regardless of:
(a)How the agreement is denominated, including a mortgage, deed of trust, trust deed, security deed, indenture and deed to secure debt; and
(b)Whether the agreement also creates a security interest in personal property; and
2. The term does not include an agreement that creates a consensual interest to secure a liability owed by a unit owner to a condominium association, owners’ association or cooperative housing association for association dues, fees or assessments.