Nevada § 673.279 Purchases of real property contracts; conditions

Nevada Statutes

§ 673.279 — Purchases of real property contracts; conditions

Nevada § 673.279

Title 55BANKS AND RELATED ORGANIZATIONS; OTHER FINANCIAL

Ch. 673Savings

INVESTMENTS AND BORROWING

This text of Nevada § 673.279 (Purchases of real property contracts; conditions) 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. § 673.279 (2026).

Text

A savings bank may invest its funds in the purchase of real property contracts under the following conditions only:

1.That it must acquire the merchantable title to the property covered by such contracts.

2.That the type of property be such as would be eligible for a mortgage or deed of trust loan under this chapter.

3.Before making any such purchase, the property shall be appraised or evaluated and the purchase approved in the same manner as in the case of the purchase of loans secured using a mortgage or deed of trust on real estate.

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A savings bank may invest its funds in the purchase of real property contracts under the following conditions only:
1. That it must acquire the merchantable title to the property covered by such contracts.
2. That the type of property be such as would be eligible for a mortgage or deed of trust loan under this chapter.
3. Before making any such purchase, the property shall be appraised or evaluated and the purchase approved in the same manner as in the case of the purchase of loans secured using a mortgage or deed of trust on real estate.