Nev. Admin. Code § 319.563 - "Deferred loan agreement" defined

"Deferred loan agreement" means an agreement that:

1. Evidences a deferred mortgage loan issued to an eligible applicant; and
2. Is secured by a second deed of trust.

Notes

Nev. Admin. Code § 319.563
Added to NAC by Housing Div. by R136-03, eff. 11-26-2003

NRS 319.140, 319.145, 319.210

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