598D.130 - Required provisions in instrument that secures certain home loans. - Nevada Statutes

598D.130  Required provisions in instrument that secures certain home loans.  If:

      1.  A mortgage, deed of trust or other instrument encumbers home property as security for repayment of a home loan; and

      2.  The home loan is subject to the provisions of § 152 of the Home Ownership and Equity Protection Act of 1994, 15 U.S.C. § 1602(aa), and the regulations adopted by the Board of Governors of the Federal Reserve System pursuant thereto, including, without limitation, 12 C.F.R. § 226.32,

Ê the mortgage, deed of trust or other instrument must expressly indicate in writing in a size equal to at least 14-point bold type on the front page of the mortgage, deed of trust or other instrument that the home loan is a home loan as defined in NRS 598D.040 and is subject to the provisions of § 152 of the Home Ownership and Equity Protection Act of 1994, 15 U.S.C. § 1602(aa), and the regulations adopted by the Board of Governors of the Federal Reserve System pursuant thereto, including, without limitation, 12 C.F.R. § 226.32.

      (Added to NRS by 2003, 2892; A 2005, 1710; 2009, 1895)