Nevada Revised Statutes 40.511 – Exceptions to applicability of NRS 40.507 and 40.508
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and 40.508. NRS 40.507 and 40.508 do not apply if the real collateral is a unit put to residential use in a common-interest community or is real property upon which:
Terms Used In Nevada Revised Statutes 40.511
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
1. The owner maintains the owner’s principal residence;
2. There is not more than one residential structure; and
3. Not more than four families reside.