Title: U.S. Bank, N.A. v. Thunder Properties, Inc.
Citation: 138 Nev. Adv. Op. No. 3
Docket Number: 
State: Nevada
Issuer: Nevada Supreme Court
Date: February 3, 2022

U.S. Bank, N.A. v. Thunder Properties, Inc. Annotate this Case Justia Opinion Summary The Supreme Court held that declaratory relief actions are not categorically exempt from statutes of limitations, that the four-year statute of limitations applies to an action like this one to determine the validity of a lien under Nev. Rev. Stat. 40.010, and that the statute of limitations does not begin to run until the titleholder affirmatively repudiates the lien. In this declaratory relief and quiet title matter arising out of a homeowners association (HOA) foreclosure sale, the United States Court of Appeals for the Ninth Circuit as the questions leading to this opinion. The Supreme Court held (1) City of Fernley does not hold that declaratory relief actions are categorically exempt from statutes of limitations; (2) this is a quiet title action under Nev. Rev. Stat. 40.010; (3) the four-year catch-all statute of limitations applies; and (4) the four-year limitations period is not triggered until the titleholder repudiates the lien. Read more Want to stay in the know about new opinions from the Supreme Court of Nevada? Sign up for free summaries delivered directly to your inbox. Learn More › You already receive new opinion summaries from Supreme Court of Nevada. Did you know we offer summary newsletters for even more practice areas and jurisdictions? Explore them here . Opinion Annotation Download PDF Primary Holding The Supreme Court held that declaratory relief actions are not categorically exempt from statutes of limitations, that the four-year statute of limitations applies to an action like this one to determine the validity of a lien under Nev. Rev. Stat. 40.010, and that the statute of limitations does not begin to run until the titleholder affirmatively repudiates the lien. Disclaimer: Justia Annotations is a forum for attorneys to summarize, comment on, and analyze case law published on our site. Justia makes no guarantees or warranties that the annotations are accurate or reflect the current state of law, and no annotation is intended to be, nor should it be construed as, legal advice. Contacting Justia or any attorney through this site, via web form, email, or otherwise, does not create an attorney-client relationship. U.S. Bank, N.A. v. Thunder Properties, Inc. Primary Holding The Supreme Court held that declaratory relief actions are not categorically exempt from statutes of... Read the full annotations for this case. Webinars You Might Like: Please visit individual webinar pages for more information about CLE accreditation.