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Nevada Revised Statutes Title 22. Cooperative Agreements by Public Agencies; Regional Transportation Commissions; Planning and Zoning; Development and Redevelopment § 279A.070. Duties of natural person or organization to whom loan is made; deferment of repayment of loan

Current as of January 01, 2025 | Updated by Findlaw Staff

1. A natural person to whom a loan is made pursuant to this chapter shall:

(a) Maintain the property in a decent, safe and sanitary condition; and

(b) Reside, or have a member of his or her family reside, on the property.

2. An organization to which a loan is made pursuant to this chapter shall maintain the property in a decent, safe and sanitary condition.

3. If the natural person or organization to whom a loan is made is unable to repay in accordance with the established schedule, the governing body may defer, upon good cause shown, repayment of the amount of the loan until the sale of the rehabilitated property.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 22. Cooperative Agreements by Public Agencies; Regional Transportation Commissions; Planning and Zoning; Development and Redevelopment § 279A.070. Duties of natural person or organization to whom loan is made; deferment of repayment of loan - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-22-cooperative-agreements-by-public-agencies-regional-transportation-commissions-planning-and-zoning-development-and-redevelopment/nv-rev-st-279a-070/

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