Nev. Admin. Code § 375.120

Current through October 11, 2024

Section 375.120 - "Right of redemption" defined

"Right of redemption" means the right to disencumber property or to free it from a claim or lien, specifically, the right, granted by statute only, to free property from the encumbrance of a foreclosure or other judicial sale or to recover the title passing thereby, by paying what is due, with interest and other costs.

Tax Comm'n, Real Property Transfer Tax Ruling part No. 1, eff. 1-1-68

NRS 360.090, 375.015