Nev. Rev. Stat. § 40.451
This is the official text of Nev. Rev. Stat. § 40.451, 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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“Indebtedness” defined
Official statutory text
As used in NRS 40.451 to 40.463 , inclusive, “ indebtedness ” means the principal balance of the obligation secured by a mortgage or other lien on real property, together with all interest accrued and unpaid prior to the time of foreclosure sale, all costs and fees of such a sale, all advances made with respect to the property by the beneficiary, and all other amounts secured by the mortgage or other lien on the real property in favor of the person seeking the deficiency judgment. Such amount constituting a lien is limited to the amount of the consideration paid by the lienholder.
Status: in_force · Read it on the official government site
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