Nevada Administrative Code
Chapter 375 - Taxes on Transfers of Real Property
Section 375.120 - "Right of redemption" defined
Universal Citation: NV Admin Code 375.120
Current through February 27, 2024
"Right of redemption" means the right to disencumber property or to free it from a claim or lien, specifically, the right, granted by statute only, to free property from the encumbrance of a foreclosure or other judicial sale or to recover the title passing thereby, by paying what is due, with interest and other costs.
Tax Comm'n, Real Property Transfer Tax Ruling part No. 1, eff. 1-1-68
NRS 360.090, 375.015
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