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NRS 106A.050

“Modification” defined

Known as the Uniform Mortgage Modification Act

The act spans §§ 106A.010 to 106A.170 (16 sections).

(Added to NRS by 2025, 615) (Added to NRS by 2025, 615)

“Modification” includes change, amendment, revision, correction, addition, supplementation, elimination, waiver and restatement.

1. “Mortgage” means an agreement that creates a consensual interest in real property to secure payment or performance of an obligation, regardless of:

(a) How the agreement is denominated, including a mortgage, deed of trust, trust deed, security deed, indenture and deed to secure debt; and

(b) Whether the agreement also creates a security interest in personal property; and

2. The term does not include an agreement that creates a consensual interest to secure a liability owed by a unit owner to a condominium association, owners’ association or cooperative housing association for association dues, fees or assessments.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.