Nev. Rev. Stat. § 111.311
This is the official text of Nev. Rev. Stat. § 111.311, part of Nevada’s Rev. Stat — part of the compiled statutory law of Nevada, published by the state as "Rev. Stat." Browse the sections below, each linked to its official government source.
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Conveyance of real property pursuant to agreement for deed in lieu of foreclosure must be recorded by deed; civil liability for failure to record deed
Official statutory text
1. After the conveyance of real property pursuant to an agreement for a deed in lieu of a foreclosure sale, the grantee shall, within 30 days after the date of the conveyance, record the conveyance by recording a deed in the office of the county recorder of the county in which the property is located.
2. If the grantee fails to record a deed pursuant to subsection 1, the grantee is liable in a civil action: (a) To a grantor of the deed in lieu of foreclosure or any party that is a senior lienholder against the property that is the subject of the sale in a sum of up to $500 and for reasonable attorney's fees and the costs of bringing the action; and (b) For any actual damages caused by the failure to comply with the provisions of subsection 1 and for reasonable attorney's fees and the costs of bringing the action.
2. If the grantee fails to record a deed pursuant to subsection 1, the grantee is liable in a civil action: (a) To a grantor of the deed in lieu of foreclosure or any party that is a senior lienholder against the property that is the subject of the sale in a sum of up to $500 and for reasonable attorney's fees and the costs of bringing the action; and (b) For any actual damages caused by the failure to comply with the provisions of subsection 1 and for reasonable attorney's fees and the costs of bringing the action.
Status: in_force · Read it on the official government site
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