Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
DEFERRED MORTGAGE LOANS FOR DOWN PAYMENTS AND CLOSING COSTS
Section 319.564 - "Deferred mortgage loan" defined
Universal Citation: NV Admin Code 319.564
Current through September 16, 2024
"Deferred mortgage loan" means a loan, the repayment of which is deferred, that is:
1. Made to an eligible applicant for the payment of the down payment or the closing costs, or both, for an eligible residence;
2. Evidenced by a deferred loan agreement; and
3. Secured by a second deed of trust.
Added to NAC by Housing Div. by R136-03, eff. 11-26-2003
NRS 319.140, 319.145, 319.210
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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