Nevada § 106.360 - Execution, enforceability, contents and amendment of instrument
Full text of Nevada Nevada Revised Statutes § 106.360 — Execution, enforceability, contents and amendment of instrument, with citation guidance and answers to common questions.
§ 106.360. Execution, enforceability, contents and amendment of instrument
1. A borrower may execute an instrument encumbering the borrower's real property to
secure future advances from a lender within a mutually agreed maximum amount of principal. The instrument or an amendment to the instrument is enforceable only if the instrument
or the amendment is recorded in the office of the county recorder of the county in
which the real property is located and the party seeking to enforce the instrument
or the amendment is an original party to the instrument or amendment or the current
assignee of record. 2. The instrument must state clearly: (a) That it secures future advances; and (b) The maximum amount of principal to be secured. 3. The maximum amount of advances of principal to be secured by the instrument may
increase or decrease from time to time by amendment of the instrument.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 106.360
What does Nevada Revised Statutes § 106.360 cover?
Section 106.360 ("Execution, enforceability, contents and amendment of instrument") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 106.360?
A common citation format is "Nevada Revised Statutes § 106.360" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 106.360 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.