NRS106.400. Advances made after notice of termination.

Latest version.

Future advances of principal made to a borrower after the receipt of the notice of termination by the lender are not secured by the instrument. The principal amount of indebtedness secured by the instrument is limited to the amount stated by the lender in the lender’s recorded statement.

(Added to NRS by 1985, 726; A 1989, 493)

                    
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