Nevada § 40.507 - Right of entry and inspection of real collateral
Full text of Nevada Nevada Revised Statutes § 40.507 — Right of entry and inspection of real collateral, with citation guidance and answers to common questions.
§ 40.507. Right of entry and inspection of real collateral
1. A secured lender may enter and inspect real collateral for the purpose of determining
the existence, location, nature and magnitude of any past, present or threatened release
or presence of a hazardous substance from, in, into or onto it: (a) Upon reasonable belief of the existence of a past, present or threatened release
or the presence of any hazardous substance from, in, into or onto it not previously
disclosed in writing to the secured lender in conjunction with the making, renewal
or modification of a loan, extension of credit, guaranty or other obligation involving
the debtor; or (b) After the commencement of a trustee's sale or judicial foreclosure proceedings
against the real collateral. 2. A secured lender shall not abuse the right of entry and inspection or use it to
harass the debtor or tenant of the property. Except in case of an emergency, when the debtor or tenant of the property has abandoned
the premises, or if it is impracticable to do so, a secured lender shall give the
debtor or tenant of the property reasonable notice of intent to enter, and enter only
during the debtor's or tenant's normal business hours. Twenty-four hours' notice is presumed to be reasonable in the absence of evidence
to the contrary. 3. If a secured lender is refused the right of entry and inspection by the debtor
or tenant of the property, or is otherwise unable to enter and inspect the property
without a breach of the peace, the secured lender may, upon petition, obtain an order
from a court of competent jurisdiction to exercise the secured lender’s rights under
subsection 1.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 40.507
What does Nevada Revised Statutes § 40.507 cover?
Section 40.507 ("Right of entry and inspection of real collateral") 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 § 40.507?
A common citation format is "Nevada Revised Statutes § 40.507" (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 § 40.507 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.