NRS40.511. Exceptions to applicability of NRS 40.507 and 40.508.

Latest version.

NRS 40.507 and 40.508 do not apply if the real collateral is a unit put to residential use in a common-interest community or is real property upon which:

      1. The owner maintains the owner’s principal residence;

      2. There is not more than one residential structure; and

      3. Not more than four families reside.

(Added to NRS by 1993, 155; A 1995, 510)

                    
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