Document Update: MT Acknowledgment that Real Property is Not Exempt From Execution (Cx1412)
Jul 14, 2021
Nevada law requires security instruments to contain “[t]he mailing address of the grantee or, if there is no grantee, the mailing address of the person who is requesting the recording of the document;”(NRS 111.312). This requirement is satisfied by adding the grantee name and address in the recording information section at the top of page 1 of the security instrument. Typically, the “grantee” is the person receiving the benefit of the Deed of Trust. However, there are situations when another entity could be the grantee, such as a designated beneficiary. To accommodate this situation we have added logic to our Nevada first lien and FHA deeds of trust, Cx342 and Cx19386, respectively) to allow clients to send beneficiary information to be contained in the document. If this information is not sent, we will continue to populate the lender information.
This change will be in effect on July 21, 2021 and is now available for testing on Stage servers. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
DR 348434
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.