NRS 360.475 Department may release or subordinate lien; evidentiary effect of certificate of release or subordination.
133 words·~1 min read·
/nv/chapter-360-general-provisions/360-475A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 360.475 Department may release or subordinate lien; evidentiary effect of certificate of release or subordination.
1. The Department may release all or any portion of the property subject to a lien imposed by the Department or subordinate the lien to other liens and encumbrances if it determines that the amount, interest and penalties are secured sufficiently by a lien on other property or that the release or subordination of the lien will not jeopardize the collection of the amount, interest and penalties.
2. A certificate by the Department stating that any property has been released from the lien, or that the lien has been subordinated to other liens and encumbrances, is conclusive evidence that the property has been released, or that the lien has been subordinated.
Priority of Taxes and Related Liens