Nevada Revised Statutes 645B.0132 – ‘Residential mortgage loan’ defined
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‘Residential mortgage loan’ means any loan primarily for personal, family or household use that is secured by a mortgage, deed of trust or other equivalent consensual security interest on a dwelling or residential real estate upon which is constructed or intended to be constructed a dwelling.
Terms Used In Nevada Revised Statutes 645B.0132
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- mortgage: includes a deed of trust. See Nevada Revised Statutes 0.037