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Statute 106 400 — Nevada Law | CourtGPT
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Nevada Legal Code

Statute 106 400

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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)