Nevada § 459.646 - Limitations on liability of lenders and persons with security interest in property
Full text of Nevada Nevada Revised Statutes § 459.646 — Limitations on liability of lenders and persons with security interest in property, with citation guidance and answers to common questions.
§ 459.646. Limitations on liability of lenders and persons with security interest in property
1. A person who, without participating in the management of a parcel of real property,
holds or is the beneficiary of evidence of title to the property primarily to protect
a security interest in the property is not a responsible party with respect to a release
of a hazardous substance on the property if: (a) The owner of the property is relieved from liability under NRS 459.610 to 459.658 , inclusive, with respect to the release; (b) The owner or holder of evidence of title did not cause the release; and (c) The owner or holder of evidence of title does not participate actively in decisions
concerning hazardous substances on the property. 2. A lender to a prospective purchaser who has filed an application to participate
in the program pursuant to NRS 459.634 or a lender who forecloses his or her security interest in property pursuant to NRS 40.430 to 40.450 , inclusive, or 107.080 to 107.140 , inclusive, and within a reasonable period after the foreclosure, not to exceed 2
years, sells, transfers or conveys the property to a prospective purchaser who has
filed an application to participate in the program pursuant to NRS 459.634 is not a responsible party solely as a result of: (a) Foreclosing a security interest in the property; or (b) Making a loan to the prospective purchaser if the loan: (1) Is to be used for acquiring property or removing or remediating hazardous substances
on property; and (2) Is secured by the property that is to be acquired or on which is located the hazardous
substances that are to be removed or remediated.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 459.646
What does Nevada Revised Statutes § 459.646 cover?
Section 459.646 ("Limitations on liability of lenders and persons with security interest in property") 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 § 459.646?
A common citation format is "Nevada Revised Statutes § 459.646" (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 § 459.646 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.