Nevada Revised Statutes Title 55. Banks and Related Organizations § 673.332. Property acquired at or by foreclosure or developed by savings bank

1. A savings bank may hold, manage and convey real property, including apartments and other buildings:

Unless the savings bank has received a written waiver from the Commissioner, the total of money which it has advanced or committed for property which it has developed or built may not exceed twice the sum of its capital, surplus, undivided profits, loan reserve, federal insurance reserve and any other reserves specified by the Commissioner.

2. When a savings bank acquires title to any real property pursuant to subsection 1, the document representing the transaction must be recorded. This subsection does not require recordation of the evidences of any transfer of stock resulting from foreclosure of an interest in a cooperative housing corporation.