Legal Alert - Nevada Foreclosure Law Changes
By Patricia J. Curtis, Ray C. Jones and Alison Tashima
The Nevada Legislature recently passed amendments to the Nevada Revised Statutes (NRS) that appear to be intended to ease the nonjudicial foreclosure process for lenders and provide meaningful disclosure of what borrowers need to pay to prevent foreclosure.
These legislative changes were contained in Assembly Bill 300 and signed into law by Governor Brian Sandoval effective as of June 1, 2013. Due to their complexity, this legal alert will provide only a brief summary of the revised law’s provisions.