Except as otherwise permitted by law, a mortgage company shall not release a borrower or guarantor from personal liability for a loan unless a majority of the investors approve such a release.
NRS 645B.353
Mortgage company prohibited from releasing borrower or guarantor from personal liability without certain approval
(Added to NRS by 2011, 3604; A 2017, 3066)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.