NRS
112.170 Value; reasonably equivalent value; present value.
1. Value is given for a transfer or an
obligation if, in exchange for the transfer or obligation, property is
transferred or an antecedent debt is secured or satisfied, but value does not
include an unperformed promise made otherwise than in the ordinary course of
the promisor’s business to furnish support to the debtor or another person.
2. For the purposes of paragraph (b) of
subsection 1 of NRS 112.180 and NRS 112.190, a person gives a reasonably
equivalent value if the person acquires an interest of the debtor in an asset
pursuant to a regularly conducted, noncollusive foreclosure sale or execution
of a power of sale for the acquisition or disposition of the interest of the
debtor upon default under a mortgage, deed of trust or security agreement.
3. A transfer is made for present value if
the exchange between the debtor and the transferee is intended by them to be
contemporaneous and is in fact substantially contemporaneous.
(Added to NRS by 1987,
710)
Notes of Decisions
Wells Fargo Bank, N.A. v. Radecki, 426 P.3d 593 (Nev. 2018).
· cites it 6× “However, Wells Fargo ignores NRS 112.170(2), which provides in pertinent part: a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of…”
First Interstate Bank of California v. H.C.T., Inc., 828 P.2d 405 (Nev. 1992).
· cites it 2× “NRS 112.170). 3 In the case at hand, HCT assigned Independence Bank its interest in the CD for the antecedent debt of $350,000 owed by *247 HCT to Independence Bank.”
Wells Fargo Bank, N.A. Vs. Radecki, 2018 NV 74 (Nev. 2018).
· cites it 10× “However, Wells Fargo ignores NRS 112.170(2), which provides in pertinent part: a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of…”
Wells Fargo Bank, N.A. Vs. Radecki, 2018 NV 74 (Nev. 2018).
· cites it 10× “However, Wells Fargo ignores NRS 112.170(2), which provides in pertinent part: a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of…”
NewRez LLC v. Haddad (D. Nev. 2024).
· cites it 2× “20 at 8 (quoting Nev. Rev. Stat. § 112.170 (2)). 23 Id. 23 24 Id.”
— Nev. Rev. Stat. § 112.170(2) — 3 cases
Wells Fargo Bank, N.A. v. Radecki, 426 P.3d 593 (Nev. 2018).
“However, Wells Fargo ignores NRS 112.170(2), which provides in pertinent part: a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of…”
Wells Fargo Bank, N.A. Vs. Radecki, 2018 NV 74 (Nev. 2018).
“However, Wells Fargo ignores NRS 112.170(2), which provides in pertinent part: a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of…”
Wells Fargo Bank, N.A. Vs. Radecki, 2018 NV 74 (Nev. 2018).
“However, Wells Fargo ignores NRS 112.170(2), which provides in pertinent part: a person gives a reasonably equivalent value if the person acquires an interest of the debtor in an asset pursuant to a regularly conducted, noncollusive foreclosure sale or execution of a power of…”
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