NAC319.325. “Deed of trust note” defined.

Latest version.

“Deed of trust note” means a promissory note that:

1. Evidences a mortgage loan issued by a participating lending institution to an eligible borrower; and

2. Is secured by a deed of trust.

(Added to NAC by Housing Div. by R166-99, eff. 6-15-2000)

                    
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