Nevada Administrative Code
Chapter 375 - Taxes on Transfers of Real Property
Section 375.040 - "Deed of trust" and "trust deed" defined
Universal Citation: NV Admin Code 375.040
Current through February 27, 2024
"Deed of trust" or "trust deed" means an instrument taking the place and serving the uses of a common-law mortgage, by which legal title to real property is placed in one or more trustees, to secure the repayment of a sum of money or the performance of other conditions.
Tax Comm'n, Real Property Transfer Tax Ruling part No. 1, eff. 1-1-68
NRS 360.090, 375.015
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