Nevada § 107A.230 Security instrument creates assignment of rents; assignment of rents creates security interest

Nevada Statutes

§ 107A.230 — Security instrument creates assignment of rents; assignment of rents creates security interest

Nevada § 107A.230

Title 9SECURITY INSTRUMENTS OF PUBLIC UTILITIES; MORTGAGES;

Ch. 107AAssignment

ASSIGNMENT OF RENTS

This text of Nevada § 107A.230 (Security instrument creates assignment of rents; assignment of rents creates security interest) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 107A.230 (2026).

Text

1.An enforceable security instrument creates an assignment of rents arising from the real property described in the security instrument, unless the security instrument provides otherwise.

2.An assignment of rents creates a presently effective security interest in all accrued and unaccrued rents arising from the real property described in the document creating the assignment, regardless of whether the document is in the form of an absolute assignment, an absolute assignment conditioned upon default, an assignment as additional security or any other form. The security interest in rents is separate and distinct from any security interest held by the assignee in the real property.

Free access — add to your briefcase to read the full text and ask questions with AI

1. An enforceable security instrument creates an assignment of rents arising from the real property described in the security instrument, unless the security instrument provides otherwise.
2. An assignment of rents creates a presently effective security interest in all accrued and unaccrued rents arising from the real property described in the document creating the assignment, regardless of whether the document is in the form of an absolute assignment, an absolute assignment conditioned upon default, an assignment as additional security or any other form. The security interest in rents is separate and distinct from any security interest held by the assignee in the real property.