NRS 106A.140 Applicability.

158 words·~1 min read·/nv/chapter-106a-mortgage-modifications-uniform-act/106a-140·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. Except as provided in subsection 3, this chapter applies to a mortgage modification.

2. This chapter does not affect:

(a)Law governing the required content of a mortgage;

(b)A statute of limitations or other law governing the expiration or termination of a right to enforce an obligation or a mortgage;

(c)A recording statute;

(d)A statute governing the priority of a tax lien or other governmental lien;

(e)A statute of frauds or the provisions of chapter 719 of NRS; or

(f)Except as provided in paragraph

(h)of subsection 2 of NRS 106A.150 , law governing the priority of a future advance.

3. This chapter does not apply to any of the following modifications:

(a)A release of, or addition to, property encumbered by a mortgage;

(b)A release of, addition of, or other change in an obligor; or

(c)An assignment or other transfer of a mortgage or an obligation.