Nev. Rev. Stat. » NRS: CHAPTER 106 - REAL MORTGAGES
Nevada Revised Statutes

Nev. Rev. Stat. § 106.400 (2026)

Advances made after notice of termination

✓ current as of July 2026
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NRS 106.400  Advances made after notice of termination.  Future advances of principal made to a borrower after the receipt of the notice of termination by the lender are not secured by the instrument. The principal amount of indebtedness secured by the instrument is limited to the amount stated by the lender in the lender’s recorded statement.

      (Added to NRS by 1985, 726; A 1989, 493)

TERMINATION OF EQUITY LINES OF CREDIT

     

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2006–2023 · leading case: Wishengrad v. Carrington Mortg. Servs., 529 P.3d 880 (Nev. 2023).
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Wishengrad v. Carrington Mortg. Servs., 529 P.3d 880 (Nev. 2023). · cites it 2× “300 to NRS 106.400 because it is not an encumbrance to secure future advances.”
J.A. Jones Constr. Co. v. Wilmington Trust Co., 127 P.3d 1076 (Nev. 2006). “300 to NRS 106.400, that party must expressly state that it is governed by the statutory scheme.”
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