reglab/housing_qa huggingface dataset:
NV Rev Stat § 107.460 (2021)
2021 Nevada Revised Statutes|Chapter 107 - Deeds of Trust|NRS 107.460 - Applicability.

The provisions of NRS 107.400 to 107.560, inclusive, do not apply to a financial institution, as defined in NRS 660.045, that, during its immediately preceding annual reporting period, as established with its primary regulator, has foreclosed on 100 or fewer real properties located in this State which constitute owner-occupied housing.  (Added to NRS by 2013, 2185; A 2015, 3327; 2017, 4105, 4106; 2019, 1371)
NV Rev Stat § 107.470 (2021)
2021 Nevada Revised Statutes|Chapter 107 - Deeds of Trust|NRS 107.470 - Right of borrower to pursue more than one foreclosure prevention alternative.

The provisions of NRS 107.400 to 107.560, inclusive, must not be construed to authorize a mortgage servicer, a mortgagee or a beneficiary of a deed of trust to restrict a borrower from pursuing concurrently more than one foreclosure prevention alternative.  (Added to NRS by 2013, 2185)
NV Rev Stat § 107.480 (2021)
2021 Nevada Revised Statutes|Chapter 107 - Deeds of Trust|NRS 107.480 - Restrictions on trustee’s power of sale and civil actions for foreclosure sales.

  1. In addition to the requirements of NRS 40.439, 40.4395, 107.085 and 107.086, the exercise of a trustee’s power of sale pursuant to NRS 107.080 with respect to a deed of trust securing a residential mortgage loan is subject to the provisions of NRS 107.400 to 107.560, inclusive.  2. In addition to the requirements of NRS 40.430 to 40.4639, inclusive, a civil action for a foreclosure sale pursuant to NRS 40.430 involving a failure to make a payment required by a residential mortgage loan is subject to the requirements of NRS 107.400 to 107.560, inclusive.  (Added to NRS by 2013, 2186; A 2015, 3327; 2017, 1116, 4105, 4106; 2019, 3181)
NV Rev Stat § 107.490 (2021)
2021 Nevada Revised Statutes|Chapter 107 - Deeds of Trust|NRS 107.490 - Duties of mortgage servicer.

  1. Any duty of a mortgage servicer to maximize net present value under a pooling and servicing agreement is owed to all parties in a loan pool, or to all investors under a pooling and servicing agreement, not to any particular party in the loan pool or investor under a pooling and servicing agreement.  2. A mortgage servicer acts in the best interests of all parties to the loan pool or investors in the pooling and servicing agreement if the mortgage servicer agrees to or implements a foreclosure prevention alternative for which both of the following apply:  (a) The residential mortgage loan is in payment default or payment default is reasonably foreseeable.  (b) Anticipated recovery under the foreclosure prevention alternative exceeds the anticipated recovery through foreclosure on a net present value basis.  (Added to NRS by 2013, 2186)
NV Rev Stat § 107.520 (2021)
2021 Nevada Revised Statutes|Chapter 107 - Deeds of Trust|NRS 107.520 - Application for foreclosure prevention alternative; acknowledgment of receipt required; contents of acknowledgment; deficiencies in application.

  1. Not later than 5 business days after receiving an application for a foreclosure prevention alternative or any document in connection with such an application, a mortgage servicer, mortgagee or beneficiary of the deed of trust shall send to the borrower written acknowledgment of the receipt of the application or document.  2. The mortgage servicer, mortgagee or beneficiary of the deed of trust shall include in the initial acknowledgment of receipt of an application for a foreclosure prevention alternative:  (a) A description of the process for considering the application, including, without limitation, a statement that:  (1) The mortgage servicer, mortgagee or beneficiary must either deny the application for a foreclosure prevention alternative or submit a written offer for a foreclosure prevention alternative within 30 calendar days after the borrower submits a complete application for a foreclosure prevention alternative; and  (2) If the mortgage servicer, mortgagee or beneficiary submits to the borrower a written offer for a foreclosure prevention alternative, the borrower must accept or reject the offer within 14 calendar days after the borrower receives the offer, and the offer is deemed to be rejected if the borrower does not accept or reject the offer within 14 calendar days after the borrower receives the offer;  (b) A statement of any deadlines that affect the processing of an application for a foreclosure prevention alternative, including, without limitation, the deadline for submitting any missing documentation; and  (c) A statement of the expiration dates for any documents submitted by the borrower.  3. If a borrower submits an application for a foreclosure prevention alternative but does not initially submit all the documents or information required to complete the application, the mortgage servicer must:  (a) Include in the initial acknowledgment of receipt of the application required by subsection 2 a statement of any deficiencies in the borrower’s application; and  (b) Allow the borrower not less than 30 calendar days to submit any documents or information required to complete the application.  (Added to NRS by 2013, 2189)
NV Rev Stat § 107.540 (2021)
2021 Nevada Revised Statutes|Chapter 107 - Deeds of Trust|NRS 107.540 - Single point of contact required to be established by mortgage servicer for foreclosure prevention alternative; responsibilities.

  1. If a borrower requests a foreclosure prevention alternative, the mortgage servicer must promptly establish a single point of contact and provide to the borrower one or more direct means of communication with the single point of contact.  2. A single point of contact is responsible for:  (a) Communicating the process by which a borrower may apply for an available foreclosure prevention alternative and the deadline for any required submissions to be considered for the foreclosure prevention alternatives.  (b) Coordinating receipt of all documents associated with the available foreclosure prevention alternatives and notifying the borrower of any missing documents necessary to complete an application for a foreclosure prevention alternative.  (c) Having access to current information and personnel sufficient to timely, accurately and adequately inform the borrower of the current status of the foreclosure prevention alternative.  (d) Ensuring that the borrower is considered for all foreclosure prevention alternatives offered by, or through, the mortgage servicer and for which the borrower is or may be eligible.  (e) Having access to a person or persons with the ability and authority to stop the foreclosure process when necessary.  3. A single point of contact must remain assigned to the borrower’s account until the mortgage servicer determines that all foreclosure prevention alternatives offered by, or through, the mortgage servicer have been exhausted or the borrower’s account becomes current.  4. The mortgage servicer shall ensure that a single point of contact refers and transfers a borrower to an appropriate supervisor upon request of the borrower, if the single point of contact has a supervisor.  5. If the responsibilities of a single point of contact are performed by a team of personnel, the mortgage servicer must ensure that each member of the team is knowledgeable about the borrower’s situation and current status in the process of seeking a foreclosure prevention alternative.  6. As used in this section, "single point of contact" means a natural person or a team of personnel each of whom has the ability and authority to perform the responsibilities described in this section.  (Added to NRS by 2013, 2192)
NV Rev Stat § 107.550 (2021)
2021 Nevada Revised Statutes|Chapter 107 - Deeds of Trust|NRS 107.550 - Dismissal of civil action for foreclosure sale, rescission of notice of default and election to sell or notice of sale and cancellation of pending foreclosure sale required in certain circumstances; effect on mortgagee or beneficiary of deed of trust.

  1. A civil action for a foreclosure sale pursuant to NRS 40.430 involving a failure to make a payment required by a residential mortgage loan must be dismissed without prejudice, any notice of default and election to sell recorded pursuant to subsection 2 of NRS 107.080 or any notice of sale recorded pursuant to subsection 4 of NRS 107.080 must be rescinded, and any pending foreclosure sale must be cancelled, if:  (a) The borrower accepts a permanent foreclosure prevention alternative;   (b) A notice of sale is not recorded within 9 months after the notice of default and election to sell is recorded pursuant to subsection 2 of NRS 107.080; or  (c) A foreclosure sale is not conducted within 90 calendar days after a notice of sale is recorded pursuant to subsection 4 of NRS 107.080.  2. The periods specified in paragraphs (b) and (c) of subsection 1 are tolled:  (a) If a borrower has filed a case under 11 U.S.C. Chapter 7, 11, 12 or 13, until the bankruptcy court enters an order closing or dismissing the bankruptcy case or granting relief from a stay of foreclosure or trustee’s sale;  (b) If mediation pursuant to NRS 107.086 is required, until the date on which Home Means Nevada, Inc., or its successor organization, issues the certificate pursuant to NRS 107.086 that mediation has been completed in the matter;  (c) If mediation pursuant to NRS 40.437 is required or if a court orders participation in a settlement program, until the date on which the mediation or participation in a settlement program is terminated; or  (d) If a borrower has submitted an application for a foreclosure prevention alternative, until the date on which:  (1) A written offer for a foreclosure prevention alternative is submitted to the borrower;  (2) A written statement of the denial of the application has been submitted to the borrower pursuant to subsection 4 of NRS 107.530, and any appeal period pursuant to subsection 5 of NRS 107.530 has expired; or  (3) If the borrower has appealed the denial of an application for a foreclosure prevention alternative, a written offer for a foreclosure prevention alternative or a written denial of the appeal is submitted to the borrower.  3. If, pursuant to subsection 1, a civil action is dismissed, a notice of default and election to sell recorded pursuant to subsection 2 of NRS 107.080 or any notice of sale recorded pursuant to subsection 4 of NRS 107.080 is rescinded, or any pending foreclosure sale is cancelled, the mortgagee or beneficiary of the deed of trust is thereupon restored to its former position and has the same rights as though an action for a judicial foreclosure had not been commenced or a notice of default and election to sell had not been recorded.  (Added to NRS by 2013, 2193; A 2015, 3328; 2017, 4098, 4105, 4106)
NV Rev Stat § 107A.010 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.010 - Short title.

This chapter may be cited as the Uniform Assignment of Rents Act.  (Added to NRS by 2007, 297)
NV Rev Stat § 107A.020 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.020 - Definitions.

As used in this chapter, unless the context otherwise requires, the words and terms defined in NRS 107A.030 to 107A.210, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.030 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.030 - "Assignee" defined.

Assignee means a person entitled to enforce an assignment of rents.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.040 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.040 - "Assignment of rents" defined.

Assignment of rents means a transfer of an interest in rents in connection with an obligation secured by real property located in this State and from which the rents arise.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.050 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.050 - "Assignor" defined.

Assignor means a person that makes an assignment of rents or the successor owner of the real property from which the rents arise.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.060 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.060 - "Cash proceeds" defined.

Cash proceeds means proceeds that are money, checks, deposit accounts or the like.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.070 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.070 - "Day" defined.

Day means calendar day.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.080 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.080 - "Deposit account" defined.

Deposit account means a demand, time, savings, passbook or similar account maintained with a bank, savings bank, savings and loan association, credit union or trust company.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.090 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.090 - "Document" defined.

Document means information that is inscribed on a tangible medium or that is stored on an electronic or other medium and is retrievable in perceivable form.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.100 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.100 - "Notification" defined.

Notification means a document containing information that this chapter requires a person to provide to another, signed by the person required to provide the information.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.110 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.110 - "Person" defined.

Person means an individual, corporation, business trust, estate, trust, partnership, limited-liability company, association, joint venture, public corporation, government or governmental subdivision, agency or instrumentality or any other legal or commercial entity.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.120 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.120 - "Proceeds" defined.

Proceeds means personal property that is received or collected on account of a tenant’s obligation to pay rents.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.130 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.130 - "Purchase" defined.

Purchase means to take by sale, lease, discount, negotiation, mortgage, pledge, lien, security interest, issue or reissue, gift or any other voluntary transaction creating an interest in property.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.140 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.140 - "Rents" defined.

Rents means:  1. Sums payable for the right to possess or occupy, or for the actual possession or occupation of, real property of another person;  2. Sums payable to an assignor under a policy of rental interruption insurance covering real property;  3. Claims arising out of a default in the payment of sums payable for the right to possess or occupy real property of another person;  4. Sums payable to terminate an agreement to possess or occupy real property of another person;  5. Sums payable to an assignor for payment or reimbursement of expenses incurred in owning, operating and maintaining, or constructing or installing improvements on, real property; or  6. Any other sums payable under an agreement relating to the real property of another person that constitute rents under law of this State other than this chapter.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.150 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.150 - "Secured obligation" defined.

Secured obligation means an obligation the performance of which is secured by an assignment of rents.  (Added to NRS by 2007, 298)
NV Rev Stat § 107A.160 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.160 - "Security instrument" defined.

Security instrument means a document, however denominated, that creates or provides for a security interest in real property, whether or not it also creates or provides for a security interest in personal property.  (Added to NRS by 2007, 299)
NV Rev Stat § 107A.170 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.170 - "Security interest" defined.

Security interest means an interest in property that arises by agreement and secures performance of an obligation.  (Added to NRS by 2007, 299)
NV Rev Stat § 107A.180 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.180 - "Sign" defined.

Sign means, with present intent to authenticate or adopt a document:  1. To execute or adopt a tangible symbol; or  2. To attach to or logically associate with the document an electronic sound, symbol or process.  (Added to NRS by 2007, 299)
NV Rev Stat § 107A.190 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.190 - "State" defined.

State means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands or any territory or insular possession subject to the jurisdiction of the United States.  (Added to NRS by 2007, 299)
NV Rev Stat § 107A.200 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.200 - "Submit for recording" defined.

Submit for recording means to submit a document complying with applicable legal standards, with required fees and taxes, to the appropriate governmental office pursuant to NRS 111.310 to 111.3655, inclusive.  (Added to NRS by 2007, 299; A 2015, 476; 2017 3033)
NV Rev Stat § 107A.210 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.210 - "Tenant" defined.

Tenant means a person that has an obligation to pay sums for the right to possess or occupy, or for possessing or occupying, the real property of another person.  (Added to NRS by 2007, 299)
NV Rev Stat § 107A.220 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.220 - Manner of giving notification.

  1. Except as otherwise provided in subsections 3 and 4, a person gives a notification or a copy of a notification under this chapter:  (a) By depositing it with the United States Postal Service or with a commercially reasonable delivery service, properly addressed to the intended recipient’s address as specified in subsection 2, with first-class postage or cost of delivery provided for; or  (b) If the recipient agreed to receive notification by facsimile transmission, electronic mail or other electronic transmission, by sending it to the recipient in the agreed manner at the address specified in the agreement.  2. The following rules determine the proper address for giving a notification under subsection 1:  (a) A person giving a notification to an assignee shall use the address for notices to the assignee provided in the document creating the assignment of rents, but if the assignee has provided the person giving the notification with a more recent address for notices, the person giving the notification shall use that address.  (b) A person giving a notification to an assignor shall use the address for notices to the assignor provided in the document creating the assignment of rents, but if the assignor has provided the person giving the notification with a more recent address for notices, the person giving the notification shall use that address.  (c) If a tenant’s agreement with an assignor provides an address for notices to the tenant and the person giving notification has received a copy of the agreement or knows the address for notices specified in the agreement, the person giving the notification shall use that address in giving a notification to the tenant. Otherwise, the person shall use the address of the premises covered by the agreement.  3. If a person giving a notification pursuant to this chapter and the recipient have agreed to the method for giving a notification, any notification must be given by that method.  4. If a notification is received by the recipient, it is effective even if it was not given in accordance with subsection 1 or 3.  (Added to NRS by 2007, 299)
NV Rev Stat § 107A.230 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.230 - Security instrument creates assignment of rents; assignment of rents creates security interest.

  1. An enforceable security instrument creates an assignment of rents arising from the real property described in the security instrument, unless the security instrument provides otherwise.  2. An assignment of rents creates a presently effective security interest in all accrued and unaccrued rents arising from the real property described in the document creating the assignment, regardless of whether the document is in the form of an absolute assignment, an absolute assignment conditioned upon default, an assignment as additional security or any other form. The security interest in rents is separate and distinct from any security interest held by the assignee in the real property.  (Added to NRS by 2007, 300)
NV Rev Stat § 107A.240 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.240 - Recordation; perfection of security interest in rents; priority of conflicting interests in rents.

  1. A document creating an assignment of rents may be submitted for recording in the office of the recorder of the county in which the real property is located in the same manner as any other document evidencing a conveyance of an interest in real property.  2. Upon recording, the security interest in rents created by an assignment of rents is fully perfected, even if a provision of the document creating the assignment or law of this State other than this chapter would preclude or defer enforcement of the security interest until the occurrence of a subsequent event, including, without limitation, a subsequent default of the assignor, the assignee’s obtaining possession of the real property or the appointment of a receiver.  3. Except as otherwise provided in subsection 4, a perfected security interest in rents takes priority over the rights of a person that, after the security interest is perfected:  (a) Acquires a judicial lien against the rents or the real property from which the rents arise; or  (b) Purchases an interest in the rents or the real property from which the rents arise.  4. A perfected security interest in rents has priority over the rights of a person described in subsection 3 with respect to future advances to the same extent as the assignee’s security interest in the real property has priority over the rights of that person with respect to future advances.  (Added to NRS by 2007, 300)
NV Rev Stat § 107A.250 (2021)
2021 Nevada Revised Statutes|Chapter 107A - Assignment of Rents (Uniform Act)|NRS 107A.250 - Enforcement of security interest in rents.

  1. An assignee may enforce an assignment of rents using one or more of the methods specified in NRS 107A.260, 107A.270 and 107A.280 or any other method sufficient to enforce the assignment under law of this State other than this chapter.  2. From the date of enforcement, the assignee or, in the case of enforcement by appointment of a receiver under NRS 107A.260, the receiver is entitled to collect all rents that:  (a) Have accrued but remain unpaid on that date; and  (b) Accrue on or after that date, as those rents accrue.  (Added to NRS by 2007, 300)