# Nevada SB391: AN ACT relating to real property; limiting, with certain exceptions, the total aggregate number of units of residential real property in this State that may be purchased in any 1 calendar year by certain corporate investors; requiring, with certain exceptions, certain corporate investors in residential real property in this State to register with the Securities Division of the Office of the Secretary of State each time before purchasing a unit of residential real property; authorizing the Attorney General to bring certain actions; requiring the Secretary of State to establish requirements for the form and contents of an instrument that creates a life estate; prohibiting a county recorder from recording certain deeds and documents under certain circumstances; and providing other matters properly relating thereto. Nevada SB391, AN ACT relating to real property; limiting, with certain exceptions, the total aggregate number of units of residential real property in this State that may be purchased in any 1 calendar year by certain corporate investors; requiring, with certain exceptions, certain corporate investors in residential real property in this State to register with the Securities Division of the Office of the Secretary of State each time before purchasing a unit of residential real property; authorizing the Attorney General to bring certain actions; requiring the Secretary of State to establish requirements for the form and contents of an instrument that creates a life estate; prohibiting a county recorder from recording certain deeds and documents under certain circumstances; and providing other matters properly relating thereto., is a 83rd Regular Session (2025) Senate bill sponsored by Dina Neal (Democratic); status failed, last action 2025-06-03 ((No further action taken.)) (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/NV-SB391-83rd2025 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Nevada SB391 - State: Nevada - Session: 83rd Regular Session (2025) - Title: AN ACT relating to real property; limiting, with certain exceptions, the total aggregate number of units of residential real property in this State that may be purchased in any 1 calendar year by certain corporate investors; requiring, with certain exceptions, certain corporate investors in residential real property in this State to register with the Securities Division of the Office of the Secretary of State each time before purchasing a unit of residential real property; authorizing the Attorney General to bring certain actions; requiring the Secretary of State to establish requirements for the form and contents of an instrument that creates a life estate; prohibiting a county recorder from recording certain deeds and documents under certain circumstances; and providing other matters properly relating thereto. - Status: failed - Chamber: Senate - Introduced: 2025-03-17 - Last action: 2025-06-03, (No further action taken.) - Sponsor: Dina Neal (Democratic) - Cosponsors: 0 - Subjects: BDR 10-84 - Touches household money: no - Roll calls: 1 (13 yes, 8 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - Corporate buyers face annual home purchase limits: cost, medium. Beginning January 1, 2026, covered corporations, limited-liability companies, and their affiliates together face a 100-unit annual purchase cap in Nevada. The cap excludes transfers within a company, newly built units, mobile homes, manufactured homes, and apartment buildings. Family trust companie… - Homeowners face new life estate paperwork rules: cost, low. The Nevada Secretary of State must set rules for the form and contents of papers creating a life estate. Beginning January 1, 2026, county recorders cannot record those papers unless they meet the state’s requirements. This affects owners using life estates in estate planning. The law does not spec… - Corporate homebuyers face registration and paperwork rules: mixed, low. Beginning January 1, 2026, covered corporate buyers must register with Nevada’s Securities Division before each residential property purchase. The state maintains a public online registry of covered companies that buy or own residential property. County recorders cannot record a purchase deed unles… ## Sponsors and cosponsors - Sponsor: Dina Neal (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-05-27 | Senate | Final Passage - Senate (2nd Reprint) | pass | 13 | 8 | | ## Actions (20) - 2025-06-03: (No further action taken.) (Senate) - 2025-05-28: From printer. To re-engrossment. Re-engrossed. Second reprint. To Secretary's desk. (Senate) - 2025-05-27: To printer. (Senate) - 2025-05-27: Taken from General File. (Senate) - 2025-05-27: Action reconsidered. (Senate) - 2025-05-27: Read third time. Lost. (Yeas: 13, Nays: 8.) (Senate) - 2025-05-27: Reprinting dispensed with. (Senate) - 2025-05-27: Read third time. Amended. (Amend. No. 783.) (Senate) - 2025-05-26: Taken from General File. Placed on General File for next legislative day. (Senate) - 2025-05-26: Placed on General File. (Senate) - 2025-05-26: From committee: Amend, and do pass as amended. (Senate) - 2025-04-22: To committee. (Senate) - 2025-04-22: From printer. To engrossment. Engrossed. First reprint. (Senate) - 2025-04-21: Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer. (Senate) - 2025-04-21: Notice of eligibility for exemption. (Senate) - 2025-04-21: Read second time. Amended. (Amend. No. 257.) (Senate) - 2025-04-21: Placed on Second Reading File. (Senate) - 2025-04-21: From committee: Amend, and do pass as amended. (Senate) - 2025-03-18: From printer. To committee. (Senate) - 2025-03-17: Read first time. Referred to Committee on Judiciary. To printer. (Senate) ## Bill text - As Introduced: [PDF](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB391.pdf) - Reprint 1: [PDF](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB391_R1.pdf) - Reprint 2: [PDF](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB391_R2.pdf) ## Related bills - SB217: AN ACT relating to health care; prohibiting a governmental entity from substantially burdening certain activity relating to assisted reproduction under certain… (vetoed) - AB499: AN ACT relating to elections; requiring, with certain exceptions, a registered voter show photo identification to vote in person; requiring the Department of M… (vetoed) - AB397: AN ACT relating to higher education; revising provisions governing certain waivers of fees provided by the Board of Regents of the University of Nevada; revisi… (vetoed) - AB259: AN ACT relating to health care; prohibiting certain actions related to pricing and reimbursement for certain drugs; creating a cause of action for violating su… (vetoed) - AB188: AN ACT relating to the Public Employees' Benefits Program; requiring the Board of the Public Employees' Benefits Program to report certain information relating… (vetoed) - SB376: AN ACT relating to industrial insurance; authorizing an injured employee with a claim for an occupational lung disease or occupational heart disease to seek tr… (signed) ## Sources - [As Introduced (PDF)](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB391.pdf) - [Reprint 1 (PDF)](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB391_R1.pdf) - [Reprint 2 (PDF)](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB391_R2.pdf) ## Related - [SB217: AN ACT relating to health care; prohibiting a governmental entity from substant…](https://policyrisk.com/state-bill/NV-SB217-83rd2025) - [AB499: AN ACT relating to elections; requiring, with certain exceptions, a registered…](https://policyrisk.com/state-bill/NV-AB499-83rd2025) - [AB397: AN ACT relating to higher education; revising provisions governing certain waiv…](https://policyrisk.com/state-bill/NV-AB397-83rd2025) - [AB259: AN ACT relating to health care; prohibiting certain actions related to pricing…](https://policyrisk.com/state-bill/NV-AB259-83rd2025) - [AB188: AN ACT relating to the Public Employees' Benefits Program; requiring the Board…](https://policyrisk.com/state-bill/NV-AB188-83rd2025) - [SB376: AN ACT relating to industrial insurance; authorizing an injured employee with a…](https://policyrisk.com/state-bill/NV-SB376-83rd2025) - [Nevada bills](https://policyrisk.com/states/nevada/bills) - [Nevada state hub](https://policyrisk.com/states/nevada) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/NV-SB391-83rd2025 (as of 2026-11-01).