Nevada § 32.360 - Effect of enforcement by mortgagee
Full text of Nevada Nevada Revised Statutes § 32.360 — Effect of enforcement by mortgagee, with citation guidance and answers to common questions.
§ 32.360. Effect of enforcement by mortgagee
1. A request by a mortgagee for the appointment of a receiver, the appointment of
a receiver or the application by a mortgagee of receivership property or proceeds
to the secured obligation does not: (a) Make the mortgagee a mortgagee in possession of the real property; (b) Make the mortgagee an agent of the owner; (c) Constitute an election of remedies that precludes a later action to enforce the
secured obligation; (d) Make the secured obligation unenforceable; (e) Limit any right available to the mortgagee with respect to the secured obligation; (f) Constitute an action within the meaning of subsection 1 of NRS 40.430 ; or (g) Except as otherwise provided in subsection 2, bar a deficiency judgment pursuant
to law of this State other than NRS 32.100 to 32.370 , inclusive, governing or relating to a deficiency judgment. 2. If a receiver sells receivership property that pursuant to subsection 2 of NRS 32.315 is free and clear of a lien, the ability of a creditor to enforce an obligation that
had been secured by the lien is subject to law of this State other than NRS 32.100 to 32.370 , inclusive, relating to a deficiency judgment.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 32.360
What does Nevada Revised Statutes § 32.360 cover?
Section 32.360 ("Effect of enforcement by mortgagee") 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 § 32.360?
A common citation format is "Nevada Revised Statutes § 32.360" (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 § 32.360 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.