Nevada Revised Statutes
Chapter 107A - Assignment of Rents (Uniform Act)
NRS 107A.310 - Application of proceeds.

Unless otherwise agreed, an assignee that collects rents under this chapter or collects upon a judgment in an action under subsection 3 of NRS 107A.330 shall apply the sums collected in the following order to:
1. The assignee’s reasonable expenses of enforcing its assignment of rents, including, without limitation, to the extent provided for by agreement and not prohibited by law of this State other than this chapter, reasonable attorney’s fees and costs incurred by the assignee;
2. Reimbursement of any expenses incurred by the assignee to protect or maintain the real property subject to the assignment;
3. Payment of the secured obligation;
4. Payment of any obligation secured by a subordinate security interest or other lien on the rents if, before distribution of the proceeds, the assignor and assignee receive a notification from the holder of the interest or lien demanding payment of the proceeds; and
5. The assignor.
(Added to NRS by 2007, 305)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 107A - Assignment of Rents (Uniform Act)

NRS 107A.010 - Short title.

NRS 107A.020 - Definitions.

NRS 107A.030 - "Assignee" defined.

NRS 107A.040 - "Assignment of rents" defined.

NRS 107A.050 - "Assignor" defined.

NRS 107A.060 - "Cash proceeds" defined.

NRS 107A.070 - "Day" defined.

NRS 107A.080 - "Deposit account" defined.

NRS 107A.090 - "Document" defined.

NRS 107A.100 - "Notification" defined.

NRS 107A.110 - "Person" defined.

NRS 107A.120 - "Proceeds" defined.

NRS 107A.130 - "Purchase" defined.

NRS 107A.140 - "Rents" defined.

NRS 107A.150 - "Secured obligation" defined.

NRS 107A.160 - "Security instrument" defined.

NRS 107A.170 - "Security interest" defined.

NRS 107A.180 - "Sign" defined.

NRS 107A.190 - "State" defined.

NRS 107A.200 - "Submit for recording" defined.

NRS 107A.210 - "Tenant" defined.

NRS 107A.220 - Manner of giving notification.

NRS 107A.230 - Security instrument creates assignment of rents; assignment of rents creates security interest.

NRS 107A.240 - Recordation; perfection of security interest in rents; priority of conflicting interests in rents.

NRS 107A.250 - Enforcement of security interest in rents.

NRS 107A.260 - Enforcement by appointment of receiver.

NRS 107A.270 - Enforcement by notification to assignor.

NRS 107A.280 - Enforcement by notification to tenant.

NRS 107A.290 - Notification to tenant: Form.

NRS 107A.300 - Effect of enforcement.

NRS 107A.310 - Application of proceeds.

NRS 107A.320 - Application of proceeds to expenses of protecting real property; claims and defenses of tenant.

NRS 107A.330 - Turnover of rents; commingling and identifiability of rents; liability of assignor.

NRS 107A.340 - Perfection and priority of assignee’s security interest in proceeds.

NRS 107A.350 - Priority subject to subordination.

NRS 107A.360 - Uniformity of application and construction.

NRS 107A.370 - Relation to Electronic Signatures in Global and National Commerce Act.