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Financial Services Law Insights and Observations

Nevada imposes moratorium on foreclosures and evictions

State Issues Covid-19 Nevada Mortgages

State Issues

On March 29, the governor of Nevada issued an emergency directive suspending evictions and foreclosures based on mortgagee or tenant default on both residential and commercial real estate. The suspension took effect on March 29, and lasts until Nevada terminates its Covid-19-related state of emergency. The declaration contains exceptions for cases of criminal activity and property damage, among other things. 

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