Nevada § 107A.270 - Enforcement by notification to assignor

§ 107A.270. Enforcement by notification to assignor

1. Upon the assignor's default, or as otherwise agreed by the assignor, the assignee

may give the assignor a notification demanding that the assignor pay over the proceeds

of any rents that the assignee is entitled to collect under NRS 107A.250 . The assignee shall also give a copy of the notification to any other person that,

10 days before the notification date, held a recorded assignment of rents arising

from the real property. 2. If an assignee enforces an assignment of rents under this section, the date of

enforcement is the date on which the assignor receives a notification under subsection

1. 3. An assignee's failure to give a notification under subsection 1 to any person holding

a recorded assignment of rents does not affect the effectiveness of the notification

as to the assignor, but the other person is entitled to any relief permitted under

law of this State other than this chapter. 4. An assignee that holds a security interest in rents solely by virtue of subsection

1 of NRS 107A.230 may not enforce the security interest under this section while the assignor occupies

the real property as the assignor's primary residence.