“Foreclosure prevention alternative” means a modification of a loan secured by the most senior residential mortgage loan on the property or any other loss mitigation option. The term includes, without limitation, a sale in lieu of a foreclosure sale.
NRS 107.420
“Foreclosure prevention alternative” defined
(Added to NRS by 2013, 2185; A 2015, 3345; 2019, 1371)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.