At a sale of real property that is subject to a mortgage or lien, the holder of the mortgage or lien may become the purchaser. The receipt for the amount owed to the holder from the proceeds of the sale is a payment pro tanto.
NRS 159.1375
Sale of real property of protected person to holder of mortgage or lien on such property
Known as the Uniform Adult Guardianship and Protective Proceedings Jurisdiction Act
The act spans §§ 159–159 (203 sections).
(Added to NRS by 2003, 1760)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.