Nevada § 319.210 - Investment in mortgages
Full text of Nevada Nevada Revised Statutes § 319.210 — Investment in mortgages, with citation guidance and answers to common questions.
§ 319.210. Investment in mortgages
1. The Division may: (a) Invest in, purchase or make commitments to purchase, and take assignments from
lending institutions of mortgage loans and promissory notes accompanying such mortgage
loans, including mortgage loans or participations with lending institutions in such
promissory notes and mortgage loans, for the construction, rehabilitation, purchase,
leasing or refinancing of residential housing within this state. (b) Sell, at public or private sale, with or without public bidding, any mortgage
or other obligation held by the Division. 2. At or before the time of purchase, the lending institution shall certify to the
Division with respect to all mortgage loans transferred to the Division: (a) That the mortgage loans transferred to the Division are for residential housing
for eligible families within this state; or (b) That the proceeds of sale or its equivalent will be reinvested in mortgage loans
for residential housing for eligible families within this state in an aggregate principal
amount equal to the amount of such sale proceeds.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 319.210
What does Nevada Revised Statutes § 319.210 cover?
Section 319.210 ("Investment in mortgages") 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 § 319.210?
A common citation format is "Nevada Revised Statutes § 319.210" (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 § 319.210 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.