Nevada Code § 104.9607

Collection and enforcement by secured party
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1. If so agreed, and in any event after
default, a secured party:
(a) May notify an account debtor or other person
obligated on collateral to make payment or otherwise render performance to or
for the benefit of the secured party;
(b) May take any proceeds to which the secured
party is entitled under NRS 104.9315 ;
(c) May enforce the obligations of an account
debtor or other person obligated on collateral and exercise the rights of the
debtor with respect to the obligation of the account debtor or other person
obligated on collateral to make payment or otherwise render performance to the
debtor, and with respect to any property that secures the obligations of the
account debtor or other person obligated on the collateral;
(d) If it holds a security interest in a deposit
account perfected by control under paragraph (a) of subsection 1 of NRS 104.9104 , may apply the balance of the
deposit account to the obligation secured by the deposit account; and
(e) If it holds a security interest in a deposit
account perfected by control under paragraph (b) or (c) of subsection 1 of NRS 104.9104 , may instruct the bank to pay
the balance of the deposit account to or for the benefit of the secured party.
2. If necessary to enable a secured party
to exercise under paragraph (c) of subsection 1 the right of a debtor to
enforce a mortgage nonjudicially, the secured party may record in the office in
which the mortgage is recorded:
(a) A copy of the security agreement that creates
or provides for a security interest in the obligation secured by the mortgage;
and
(b) The secured partys sworn affidavit in
recordable form stating that:
(1) A default has occurred with respect to
the obligation secured by the mortgage; and
(2) The secured party is entitled to
enforce the mortgage nonjudicially.
3. A secured party shall proceed in a
commercially reasonable manner if the secured party:
(a) Undertakes to collect from or enforce an
obligation of an account debtor or other person obligated on collateral; and
(b) Is entitled to charge back uncollected
collateral or otherwise to full or limited recourse against the debtor or a
secondary obligor.
4. A secured party may deduct from the
collections made pursuant to subsection 3 reasonable expenses of collection and
enforcement, including reasonable attorneys fees and legal expenses incurred
by the secured party.
5. This section does not determine whether
an account debtor, bank or other person obligated on collateral owes a duty to
a secured party.

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