1. An owner of property may redeem a tax lien assigned pursuant to the provisions of NRS 361.7303 to 361.733 , inclusive, without a prepayment penalty at any time after the assignment by paying the amounts owed to the assignee under the agreement entered into pursuant to NRS 361.7311 . 2. If an owner who redeems the tax lien has been served with a summons pursuant to NRS 361.670 , the owner must pay the costs incurred by the assignee to commence the action. 3. Within 20 business days after the redemption of the tax lien, the assignee shall issue a release of the lien to the owner. 4. A release issued pursuant to subsection 3 must include: (a) The legal description and parcel number of the property which is the subject of the tax lien; (b) The year or years for which the taxes related to the lien were assessed on the parcel; (c) The recording information for the documents recorded pursuant to subsection 3 of NRS 361.7311 ; and (d) The date the tax lien is redeemed. 5. The assignee shall: (a) Cause the release to be recorded in the office of the county recorder of the county in which the property is located; and (b) Cause a copy of the release to be sent to the county treasurer of that county.
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