NRS116.31166. Foreclosure of liens: Effect of recitals in deed; purchaser not responsible for proper application of purchase money; title vested in purchaser without equity or right of redemption.

      1.  The recitals in a deed made pursuant to NRS 116.31164 of:

      (a) Default, the mailing of the notice of delinquent assessment, and the recording of the notice of default and election to sell;

      (b) The elapsing of the 90 days; and

      (c) The giving of notice of sale,

Ê are conclusive proof of the matters recited.

      2.  Such a deed containing those recitals is conclusive against the unit’s former owner, his or her heirs and assigns, and all other persons. The receipt for the purchase money contained in such a deed is sufficient to discharge the purchaser from obligation to see to the proper application of the purchase money.

      3.  The sale of a unit pursuant to NRS 116.31162, 116.31163 and 116.31164 vests in the purchaser the title of the unit’s owner without equity or right of redemption.

      (Added to NRS by 1991, 570; A 1993, 2373)