Nevada § 361.7314 - Posting of bond by assignee; exception
Full text of Nevada Nevada Revised Statutes § 361.7314 — Posting of bond by assignee; exception, with citation guidance and answers to common questions.
§ 361.7314. Posting of bond by assignee; exception
1. Except as otherwise provided in subsection 4, an assignee shall post a cash bond
or surety bond: (a) In the penal sum of $500,000; and (b) Conditioned to provide indemnification to any owner of real property in this State
with respect to which a tax lien is assigned to the assignee if the owner is determined
to have suffered damage as a result of the assignee's wrongful failure or refusal
to perform the obligations of the assignee under an agreement entered into pursuant
to NRS 361.7311 . 2. No part of the bond required by this section may be withdrawn while any agreement
entered into pursuant to NRS 361.7311 , to which the assignee is a party, remains in effect with respect to real property
in this State. 3. Except as otherwise provided in subsection 4, each assignee shall annually submit
to the Secretary of State a written statement, made under penalty of perjury: (a) That the assignee has posted the bond required by this section; and (b) Stating the name and business address of the surety or person with whom the bond
has been posted. Any assignee or other person who knowingly makes or causes to be made a false statement
to the Secretary of State pursuant to this subsection is guilty of a misdemeanor. 4. The provisions of this section do not apply to any assignee who is related within
the third degree of consanguinity to the owner of the real property that is the subject
of the assignment.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 361.7314
What does Nevada Revised Statutes § 361.7314 cover?
Section 361.7314 ("Posting of bond by assignee; exception") 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 § 361.7314?
A common citation format is "Nevada Revised Statutes § 361.7314" (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 § 361.7314 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.