Nevada Revised Statutes 645B.01043 – ‘Commercial mortgage loan’ defined
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‘Commercial mortgage loan’ means a loan primarily for a business, commercial or agricultural purpose that:
Terms Used In Nevada Revised Statutes 645B.01043
- Lien: A claim against real or personal property in satisfaction of a debt.
1. Directly or indirectly, is secured by a lien on commercial property; and
2. Is created with the consent of the owner of the commercial property.