705.060 - Contract recorded with Secretary of State; recording of declaration of full payment; fees. - Nevada Statutes

705.060  Contract recorded with Secretary of State; recording of declaration of full payment; fees.

      1.  The contracts authorized by NRS 705.030 to 705.070, inclusive, shall be filed with the Secretary of State and recorded by the Secretary of State in a book of records to be kept for that purpose. On payment in full of the purchase money and the performance of the terms and conditions stipulated in any such contract, a declaration in writing to that effect shall be made by the vendor, lessor or bailor, or the assignee of the vendor, lessor or bailor, by a separate instrument, to be acknowledged by the vendor, lessor or bailor, or assignee, and recorded as aforesaid.

      2.  The Secretary of State shall collect and pay into the State Treasury $5 for filing each of such contracts or declarations and 20 cents per folio for recording the same.

      [2:278:1913; 1919 RL p. 2983; NCL § 6301]

      NRS 705.070  NRS 705.030 to 705.060, inclusive, not to invalidate contracts made before March 27, 1913.  NRS 705.030 to 705.060, inclusive, shall not be held to invalidate or affect in any way any contract of the kind referred to in NRS 705.030 to 705.050, inclusive, made prior to March 27, 1913, and any such contract made prior to March 27, 1913, may, upon compliance with the provisions of NRS 705.030 to 705.060, inclusive, be recorded as provided in NRS 705.060.

      [3:278:1913; 1919 RL p. 2983; NCL § 6302]