NAC319.536. “Second deed of trust note” defined.

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“Second deed of trust note” means a promissory note that:

1. Evidences a second mortgage loan issued by a qualified participating lending institution to a qualified applicant; and

2. Is secured by a second deed of trust.

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

                    
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