Nev. Rev. Stat. § 40.4638

This is the official text of Nev. Rev. Stat. § 40.4638, 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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Circumstances under which action to enforce obligation is prohibited

Official statutory text

1. A person to whom an obligation secured by a junior mortgage or lien on real property is owed may not bring any action to enforce that obligation after a foreclosure sale of the real property which secured that obligation or a sale in lieu of a foreclosure sale if: (a) The person is a financial institution; (b) The real property which secured the obligation is a single-family dwelling and the debtor or grantor was the owner of the real property at the time of the foreclosure sale or sale in lieu of a foreclosure sale; (c) The debtor or grantor used the amount of the obligation to purchase the real property; (d) The debtor or grantor continuously occupied the real property as the debtor's or grantor's principal residence after securing the obligation; and (e) The debtor or grantor did not refinance the obligation after securing it.

2. As used in this section, “financial institution” has the meaning ascribed to it in NRS 363A.050 .

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.