Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE54 PROFESSIONS, OCCUPATIONS AND BUSINESSES |
CHAPTER645B. Mortgage Brokers and Mortgage Agents |
CONDITIONS AND LIMITATIONS ON CERTAIN MORTGAGE TRANSACTIONS |
NRS645B.353. Mortgage broker prohibited from releasing borrower or guarantor from personal liability without certain approval.
Latest version.
- Except as otherwise permitted by law, a mortgage broker shall not release a borrower or guarantor from personal liability for a loan unless a majority of the investors approve such a release.
(Added to NRS by 2011, 3604)