NAC319.390. “Mortgage loan” defined.

Latest version.

“Mortgage loan” means a loan that is:

     1. Made to an eligible borrower to finance the acquisition cost of a qualified residence;

     2. Evidenced by a deed of trust note; and

     3. Secured by a deed of trust.

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

                    
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