678.740 - Security for loans. - Nevada Statutes

678.740  Security for loans.

      1.  In addition to generally accepted types of security, the endorsement of a note by a guarantor or assignment of shares or wages, in a manner consistent with the laws of this state, shall be deemed security within the meaning of this chapter.

      2.  The credit committee or loan officer, subject to the provisions of this chapter and the bylaws, is responsible for determining the adequacy of security for any loans.

      (Added to NRS by 1975, 390)