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Current as of January 01, 2025 | Updated by Findlaw Staff
Future advances of principal made to a borrower after the receipt of the notice of termination by the lender are not secured by the instrument. The principal amount of indebtedness secured by the instrument is limited to the amount stated by the lender in the lender’s recorded statement.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 9. Security Instruments of Public Utilities; Mortgages; Deeds of Trust; Other Liens § 106.400. Advances made after notice of termination - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-9-security-instruments-of-public-utilities-mortgages-deeds-of-trust-other-liens/nv-rev-st-106-400/
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