Nevada § 107.250 - Reliance upon accuracy of statement and amended statement; notification of amended statement; recovery of money by beneficiary if statement is deficient
Full text of Nevada Nevada Revised Statutes § 107.250 — Reliance upon accuracy of statement and amended statement; notification of amended statement; recovery of money by beneficiary if statement is deficient, with citation guidance and answers to common questions.
§ 107.250. Reliance upon accuracy of statement and amended statement; notification of amended statement; recovery of money by beneficiary if statement is deficient
1. A person who receives a statement pursuant to NRS 107.200 or 107.210 may rely upon the accuracy of the information contained in the statement. If the beneficiary notifies the person who requested the statement of any amendment
to the statement, the amended statement may be relied upon by that person in the same
manner as the original statement. 2. If notification of an amendment to a statement is not given in writing, a written
amendment to the statement must be delivered to the person who requested the original
statement not later than the next business day after notification. 3. If a statement prepared by the beneficiary pursuant to NRS 107.200 does not contain the entire amount necessary to discharge the debt secured by the
deed of trust and: (a) A transaction has occurred which has resulted in the transfer of title or recordation
of a lien; or (b) A trustee's sale or a sale supervised by a court has taken place, the beneficiary may recover that money as an unsecured debt of the grantor pursuant
to the terms of the note.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 107.250
What does Nevada Revised Statutes § 107.250 cover?
Section 107.250 ("Reliance upon accuracy of statement and amended statement; notification of amended statement; recovery of money by beneficiary if statement is deficient") 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 § 107.250?
A common citation format is "Nevada Revised Statutes § 107.250" (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 § 107.250 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.