Mortgage company prohibited from releasing borrower or guarantor from personal liability without certain approval.

Nev. Rev. Stat. § 645B.353
in effect
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Except as otherwise permitted by law, a mortgage company shall not release a borrower or guarantor from personal liability for a loan unless a majority of the investors approve such a release.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-645B.htmlFetched: 10/4/2026

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