Nevada § 279A.050 Loan for rehabilitation: Duties of agency

Nevada Statutes

§ 279A.050 — Loan for rehabilitation: Duties of agency

Nevada § 279A.050

Title 22COOPERATIVE AGREEMENTS BY PUBLIC AGENCIES; REGIONAL

Ch. 279ARehabilitation

This text of Nevada § 279A.050 (Loan for rehabilitation: Duties of agency) 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. § 279A.050 (2026).

Text

1. Upon receiving an application for a loan for the rehabilitation of residential property, the agency shall:

(a)Inspect the property to determine if rehabilitation of the property is feasible; and

(b)Determine the amount of the loan that the condition of the property justifies. 2. After inspection of the property, the agency shall interview the applicant or, if the applicant is an organization described in paragraph (b) of subsection 1 of NRS 279A.040 , the representative of the organization, to determine if the applicant satisfies the criteria for eligibility for a loan and, if the applicant satisfies those criteria, the amount, terms and conditions of the loan. 3. The agency shall recommend to the governing body the amount of the loan, if any, and the terms and conditions of the loan.

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1. Upon receiving an application for a loan for the rehabilitation of residential property, the agency shall:
(a) Inspect the property to determine if rehabilitation of the property is feasible; and
(b) Determine the amount of the loan that the condition of the property justifies.
2. After inspection of the property, the agency shall interview the applicant or, if the applicant is an organization described in paragraph (b) of subsection 1 of NRS 279A.040 , the representative of the organization, to determine if the applicant satisfies the criteria for eligibility for a loan and, if the applicant satisfies those criteria, the amount, terms and conditions of the loan.
3. The agency shall recommend to the governing body the amount of the loan, if any, and the terms and conditions of the loan.