Title: Anthony S. Noonan IRA, LLC v. U.S. Bank National Ass'n EE
Citation: 137 Nev. Adv. Op. No. 15
Docket Number: 
State: Nevada
Issuer: Nevada Supreme Court
Date: April 15, 2021

Anthony S. Noonan IRA, LLC v. U.S. Bank National Ass'n EE Annotate this Case Justia Opinion Summary In this case concerning the correct interpretation of Nev. Rev. Stat. 116.3116(2), Nevada's "superpriority lien" statute, the Supreme Court affirmed the order of the district court granting summary judgment for Respondents, holding that the district court's construction of the statute was correct. Section 116.3116(2) gives a homeowners association's lien priority over a first deed of trust with respect to the HOA's assessments for common expenses based on the periodic budget adopted by the HOA "which would have become due in the absence of acceleration during the [nine] months immediately preceding institution of an action to enforce the lien." Respondents' predecessor tendered a check equaling nine months' worth of assessments in an attempt to satisfy the HOA's superpriority lien, but the HOA had imposed a yearly assessment so that the entire assessment became due during the nine months immediately preceding when the HOA brought this action to enforce its liens. The district court granted summary judgment for Respondents. The Supreme Court affirmed, holding that the district court correctly reasoned that the HOA's imposition of an annual assessment accelerated the assessments' due date such that Respondents were not required to tender more than nine months of assessments to satisfy the superpriority portion of the HOA's 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 In this case concerning the correct interpretation of Nevada's "superpriority lien" statute, the Supreme Court affirmed the order of the district court granting summary judgment for Respondents, holding that the district court's construction of the statute was correct. 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. Anthony S. Noonan IRA, LLC v. U.S. Bank National Ass'n EE Primary Holding In this case concerning the correct interpretation of Nevada's "superpriority lien" statute, the Sup... Read the full annotations for this case. Webinars You Might Like: Please visit individual webinar pages for more information about CLE accreditation.