“Foreclosure prevention alternative” defined.

NRS 107.420 “Foreclosure prevention alternative” defined. “Foreclosure prevention alternative” means a modification of a loan secured by the most senior residential mortgage loan on the property or any other loss mitigation option. The term includes, without limitation, a sale in lieu of a foreclosure sale. (Added to NRS by 2013, 2185; A 2015, 3345; 2019, 1371)