Nevada Revised Statutes

Nev. Rev. Stat. § 40.050 (2026)

Mortgage not deemed conveyance

✓ current as of July 2026
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NRS 40.050  Mortgage not deemed conveyance.  A mortgage of real property shall not be deemed a conveyance, whatever its terms, so as to enable the owner of the mortgage to take possession of the real property in the absence of a foreclosure sale or in accordance with NRS 32.100 to 32.370, inclusive, NRS 107.100 or chapter 107A of NRS.

      [1911 CPA § 576; RL § 5518; NCL § 9065]—(NRS A 2019, 1372)

     

Notes of Decisions
Cited in 4 cases, 1967–2016 · leading case: Jordan v. Nationstar Mortg., LLC, 374 P.3d 1195 (Wash. 2016).
Jordan v. Nationstar Mortg., LLC, 374 P.3d 1195 (Wash. 2016). “§ 6-104 ; Nev. Rev. Stat. § 40.050 ; Okla. Stat. Ann.”
Young v. Embley, 143 P.3d 936 (Alaska 2006). “§ 76-276 (2005); Nev.Rev.Stat. Ann. § 40.050 (West 2006); N.”
Nee v. L. C. Smith, Inc., 624 P.2d 4 (Nev. 1981). “By NRS 40.050, “A mortgage of real property shall not be deemed a conveyance, whatever its terms, so as to enable the owner of the mortgage to take possession of the real property without a foreclosure and sale.”
Robinson v. Durston, 432 P.2d 75 (Nev. 1967). “Irwin antedated the California Code provision (Section 2924 Civil Code) of 1872 like our NRS 40.050, in effect, that every transfer of an interest in property, made only as a security for the performance of another is to be deemed a mortgage.”
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