Nevada Revised Statutes 598D.020 – ‘Borrower’ defined
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‘Borrower’ means a natural person who is a mortgagor, grantor of a deed of trust or other debtor of a home loan.
Terms Used In Nevada Revised Statutes 598D.020
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Grantor: The person who establishes a trust and places property into it.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039