Reverse mortgage defined.
Nev. Rev. Stat. § 645F.720
in effectReverse mortgage means a loan collateralized by real estate that:
1. Does not require contractual monthly payments; and
2. Is typically repaid upon the death of the borrower through the sale of the home or refinance by the heirs of the deceased borrower.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-645F.htmlFetched: 10/4/2026