Nevada § 106.370 - Priority of lien
Full text of Nevada Nevada Revised Statutes § 106.370 — Priority of lien, with citation guidance and answers to common questions.
§ 106.370. Priority of lien
1. The priority of a lien for future advances dates from the time that the instrument
is recorded in the office of the county recorder of the county in which the property
is located, whether or not the: (a) Future advances are obligatory or at the option of the lender; or (b) Lender has notice of an intervening lien. 2. If an amendment to an instrument is recorded which increases the maximum amount
of indebtedness secured by the instrument, the priority of any lien for future advances
of principal thereafter which exceed the maximum amount of principal of the original
indebtedness dates from the time the amendment is recorded in the office of the county
recorder of the county in which the property is located.
Frequently Asked Questions About Nevada § 106.370
What does Nevada Revised Statutes § 106.370 cover?
Section 106.370 ("Priority of lien") 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 § 106.370?
A common citation format is "Nevada Revised Statutes § 106.370" (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 § 106.370 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.