Nevada § 40.475 - Remedy against mortgagor or grantor; assignment of creditor's rights to guarantor, surety or obligor
Full text of Nevada Nevada Revised Statutes § 40.475 — Remedy against mortgagor or grantor; assignment of creditor's rights to guarantor, surety or obligor, with citation guidance and answers to common questions.
§ 40.475. Remedy against mortgagor or grantor; assignment of creditor's rights to guarantor, surety or obligor
Upon full satisfaction by a guarantor, surety or other obligor, other than the mortgagor
or grantor of a deed of trust, of the indebtedness secured by a mortgage or lien upon
real property, the paying guarantor, surety or other obligor is entitled to enforce
every remedy which the creditor then has against the mortgagor or grantor of the mortgage
or lien upon real property, and is entitled to an assignment from the creditor of
all of the rights which the creditor then has by way of security for the performance
of the indebtedness.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 40.475
What does Nevada Revised Statutes § 40.475 cover?
Section 40.475 ("Remedy against mortgagor or grantor; assignment of creditor's rights to guarantor, surety or obligor") 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 § 40.475?
A common citation format is "Nevada Revised Statutes § 40.475" (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 § 40.475 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.