Prohibition on advancing payments to investor on behalf of debtor in default; exceptions.

Nev. Rev. Stat. § 645B.250
in effect
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Except pursuant to a contract for the collection or servicing of a loan which is governed by the requirements established by the Government National Mortgage Association, Federal Home Loan Mortgage Corporation or Federal National Mortgage Association, a mortgage company or mortgage loan originator shall not advance payments to an investor on behalf of a person who has obtained a loan secured by a lien on real property and who has defaulted in his or her payments.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-645B.htmlFetched: 10/4/2026

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