“Recognized index” means an index to which changes in the interest rate may be linked that is:
1. Readily available to, and verifiable by, the obligor; and
2. Beyond the control of the person to whom the obligation is owed.
NRS 106A.110
“Recognized index” defined
Known as the Uniform Mortgage Modification Act
The act spans §§ 106A.010 to 106A.170 (16 sections).
(Added to NRS by 2025, 615)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.