“Foreclosure prevention alternative” defined.

Nev. Rev. Stat. § 107.420
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
“Foreclosure prevention alternative” means a modification of a loan secured by the most senior residential mortgage loan on the property or any other loss mitigation option. The term includes, without limitation, a sale in lieu of a foreclosure sale.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-107.htmlFetched: 10/4/2026

Starting a business in Nevada? Nevada LLC guide: costs and requirements