1. Any mortgage or lien, that has been or may hereafter be recorded, may be discharged or assigned by an entry on the margin of the record thereof, signed by the mortgagee or the mortgagee’s personal representative or assignee, acknowledging the satisfaction of or value received for the mortgage or lien and the debt secured thereby, in the presence of the recorder or the recorder’s deputy, who shall subscribe the same as a witness, and such entry shall have the same effect as a deed of release or assignment duly acknowledged and recorded. Such marginal discharge or assignment shall in each case be properly indexed by the recorder.
2. In the event that the mortgage or lien has been recorded by a microfilm or other photographic process, a marginal release may not be used and a duly acknowledged discharge or release of such mortgage or lien must be recorded.
[35:9:1861; A 1881, 23; 1935, 253; 1953, 79]—(NRS A 1965, 925)
Structure Nevada Revised Statutes
NRS 106.020 - Adoption by reference before March 1, 1967.
NRS 106.025 - Adoption by reference on and after March 1, 1967.
NRS 106.030 - Mortgage secures performance of covenants adopted by reference.
NRS 106.040 - Adoption by reference in instrument.
NRS 106.050 - Parties may enter into different or additional covenants.
NRS 106.195 - Mortgage of estate for years.
NRS 106.200 - Effect of recorded mortgage upon possessory claims to public lands or mining claims.
NRS 106.240 - Extinguishment of lien created by mortgage or deed of trust upon real property.
NRS 106.270 - Discharge of mortgages on filing of certificates specifying satisfaction or payment.
NRS 106.280 - Certificates of discharge: Recording.
NRS 106.295 - Request by mortgagor for certified copy of note, mortgage and assignments.
NRS 106.310 - "Borrower" defined.
NRS 106.320 - "Future advance" defined.
NRS 106.330 - "Instrument" defined.
NRS 106.340 - "Lender" defined.
NRS 106.345 - "Principal" defined.
NRS 106.360 - Execution, enforceability, contents and amendment of instrument.
NRS 106.370 - Priority of lien.
NRS 106.390 - Effect of notice of termination.
NRS 106.400 - Advances made after notice of termination.
NRS 106.500 - Borrower’s instruction to suspend and close equity line of credit: Form; effect.