Nevada § 645B.310 Requirements for mortgage company to assign interest in loan

Nevada Statutes

§ 645B.310 — Requirements for mortgage company to assign interest in loan

Nevada § 645B.310

Title 54PROFESSIONS, OCCUPATIONS AND BUSINESSES

Ch. 645BMortgage

CONDITIONS AND LIMITATIONS ON CERTAIN MORTGAGE TRANSACTIONS

This text of Nevada § 645B.310 (Requirements for mortgage company to assign interest in loan) 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. § 645B.310 (2026).

Text

A mortgage company shall not assign all or a part of his or her interest in a loan secured by a lien on real property, unless the mortgage company:

1.Obtains a policy of title insurance for the real property;

2.Obtains the approval of the assignment from each investor who has acquired ownership of or a beneficial interest in the loan if, at the time of the assignment, the debtor on the loan has defaulted in making a payment required for the loan or any portion of the loan; and

3.Records the assignment in the office of the county recorder of the county in which the real property is located.

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A mortgage company shall not assign all or a part of his or her interest in a loan secured by a lien on real property, unless the mortgage company:
1. Obtains a policy of title insurance for the real property;
2. Obtains the approval of the assignment from each investor who has acquired ownership of or a beneficial interest in the loan if, at the time of the assignment, the debtor on the loan has defaulted in making a payment required for the loan or any portion of the loan; and
3. Records the assignment in the office of the county recorder of the county in which the real property is located.