Nevada § 40.475 Remedy against mortgagor or grantor; assignment of creditor’s rights to guarantor, surety or obligor

Nevada Statutes

§ 40.475 — Remedy against mortgagor or grantor; assignment of creditor’s rights to guarantor, surety or obligor

Nevada·Title 3 REMEDIES; SPECIAL ACTIONS AND PROCEEDINGS·Ch. 40 Actions· Rights of Guarantor, Surety or Obligor in Real Property

Upon full satisfaction by a guarantor, surety or other obligor, other than the mortgagor or grantor of a deed of trust, of the indebtedness secured by a mortgage or lien upon real property, the paying guarantor, surety or other obligor is entitled to enforce every remedy which the creditor then has against the mortgagor or grantor of the mortgage or lien upon real property, and is entitled to an assignment from the creditor of all of the rights which the creditor then has by way of security for the performance of the indebtedness.

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Upon full satisfaction by a guarantor, surety or other obligor, other than the mortgagor or grantor of a deed of trust, of the indebtedness secured by a mortgage or lien upon real property, the paying guarantor, surety or other obligor is entitled to enforce every remedy which the creditor then has against the mortgagor or grantor of the mortgage or lien upon real property, and is entitled to an assignment from the creditor of all of the rights which the creditor then has by way of security for the performance of the indebtedness.

Nevada § 40.475 (Remedy against mortgagor or grantor; assignment of creditor’s rights to guarantor, surety or obligor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.