645B.01305 - “Private investor” defined. - Nevada Statutes

645B.01305  “Private investor” defined.  “Private investor” means:

      1.  An investor who is a natural person and who provides his or her own money for investment in a loan secured by a lien on real property; and

      2.  Two or more investors who are relatives and who jointly provide their own money for investment in a loan secured by a lien on real property, unless the investors are acting on behalf of a partnership, a corporation or some other separate legal entity.

      (Added to NRS by 2001, 2463)