Nevada Revised Statutes 645B.01047 – ‘Commercial property’ defined
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‘Commercial property’ means any real property which is located in this State and which is neither used as a dwelling nor upon which a dwelling is constructed or intended to be constructed. For the purposes of this section, ‘dwelling’ has the meaning ascribed to it in section 103(v) of the federal Truth in Lending Act, 15 U.S.C. § 1602(w).
Terms Used In Nevada Revised Statutes 645B.01047
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC