"Principal" means the money a lender advances to a borrower as a loan which, separately or together with other advances, is intended to be evidenced by the face amount of a note, bond or other similar document. The term does not include any interest, advances made to protect security or advances which would not have been made if the borrower and all other parties to the agreement relating to the loan or future advances had complied with its terms even if the obligations contained in the agreement were secured by an instrument.
(Added to NRS by 1989, 492)
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.