NAC319.567. “Second deed of trust” defined.

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“Second deed of trust” means an instrument, including, without limitation, a deed of trust, mortgage deed or other mortgage, that secures a deferred mortgage loan and a deferred loan agreement and creates a second lien, which is junior to a first lien, on a fee interest in real property located within this State.

(Added to NAC by Housing Div. by R136-03, eff. 11-26-2003)

                    
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