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Summary Of First Financial Bank, N.A. V. Lane, 130 Nev. Adv. Op. 96, Patrick Phippen
Summary Of First Financial Bank, N.A. V. Lane, 130 Nev. Adv. Op. 96, Patrick Phippen
Nevada Supreme Court Summaries
The Court determined that (1) the limitation in the second sentence of NRS 40.451 simply means a lender cannot recover in deficiency judgment actions for future advances secured but not paid at the time of default and (2) NRS 40.451 by itself does not contemplate successors in interest.
Summary Of First Financial Bank V. Lane, 130 Nev. Adv. Op. 96, Joseph Meissner
Summary Of First Financial Bank V. Lane, 130 Nev. Adv. Op. 96, Joseph Meissner
Nevada Supreme Court Summaries
The Court determined whether the definition of “indebtedness,” found in NRS 40.451, in conjunction with NRS 40.459, limits the amount a successor lienholder can recover in a deficiency judgment.