Nev. Rev. Stat. § 672.740
Security for loans
Nevada · Nevada Revised Statutes Chapter 672 — Credit Unions · Status: effective
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- Citation
- Nev. Rev. Stat. § 672.740, Security for loans, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2144284
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Full text
1. In addition to generally accepted types of security, the endorsement of a note by a guarantor or assignment of shares or wages, in a manner consistent with the laws of this state, shall be deemed security within the meaning of this chapter.
2. The credit committee or loan officer, subject to the provisions of this chapter and the bylaws, is responsible for determining the adequacy of security for any loans.