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Current as of January 01, 2025 | Updated by Findlaw Staff
“Blanket encumbrance” means any mortgage, deed of trust, option to purchase, mechanic's lien, vendor's lien or interest under a contract or agreement for sale, judgment lien, federal or state tax lien or other lien or encumbrance which secures or evidences an obligation to pay money or to sell or convey any property made available to purchasers by the developer or any portion thereof and which authorizes, permits or requires the foreclosure or other disposition of the property affected. The term does not include a lien for taxes or assessments levied by any public authority which are not due.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 10. Property Rights and Transactions § 119A.033. “Blanket encumbrance” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-10-property-rights-and-transactions/nv-rev-st-119a-033/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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