Nevada Revised Statutes
Nev. Rev. Stat. § 41.590 (2026)
Lender not liable for defects in property acquired with borrowed money
✓ current as of July 2026
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NRS 41.590 Lender not liable for defects in property acquired with borrowed
money. A lender who makes a loan
of money, the proceeds of which are used or may be used by the borrower to
finance the design, manufacture, construction, repair, modification or
improvement of real or personal property, shall not be held liable to the
borrower or to third persons for any loss or damage occasioned by any defect in
the real or personal property so designed, manufactured, constructed, repaired,
modified or improved or for any loss or damage resulting from the failure of
the borrower to use due care in the design, manufacture, construction, repair,
modification or improvement of such real or personal property, unless the loss
or damage is the result of some other action or activity of the lender than the
loan transaction.
(Added to NRS by 1973, 1189)
FRAUD UPON PURCHASERS; MISREPRESENTATION
Notes of Decisions
Cited in 3
cases, 1978–1988 · leading case: Davis v. Nevada Nat'l Bank, 737 P.2d 503 (Nev. 1987).
Davis v. Nevada Nat'l Bank, 737 P.2d 503 (Nev. 1987). “Nevada’s immunity statute, NRS 41.590, 1 does not dictate a contrary holding.”
Cent. Bank, N.A. v. Baldwin, 583 P.2d 1087 (Nev. 1978). “The issue before us is whether the trial court erred in finding that Central Bank was a joint venturer and thus liable to suit.”
Nevis v. Fid. New York, F.A., 763 P.2d 345 (Nev. 1988). “*580 Consequently, we need not consider the district court’s alternative conclusion that NRS 41.590 bars recovery for damages caused by loan disbursements.”
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