Mortgage company prohibited from releasing borrower or guarantor from personal liability without certain approval.

NRS 645B.353 Mortgage company prohibited from releasing borrower or guarantor from personal liability without certain approval. Except as otherwise permitted by law, a mortgage company shall not release a borrower or guarantor from personal liability for a loan unless a majority of the investors approve such a release. (Added to NRS by 2011, 3604; A 2017, 3066)