Nev. Rev. Stat. § 361.7311 — Agreements for assignment of tax liens

1.  If any taxes assessed against a parcel
of real property pursuant to this chapter are delinquent and the requirements
of NRS 361.7316 are otherwise
satisfied, an owner of the property may authorize the county treasurer of the
county in which the property is located to assign to an assignee the tax lien
on the property. Any such authorization must be in writing and acknowledged by
the owner before a notary public.
2.  An authorization given pursuant to this
section must be made pursuant to a separate written agreement between the owner
and the assignee. The agreement:
(a) Must provide that:
(1) The owner may redeem the tax lien by
paying to the assignee the amounts required by the agreement, in the manner
provided by the agreement; and
(2) The assignee is required to issue a
release of the tax lien to the owner within 20 business days after the owner
pays in full the amounts required by the agreement and otherwise fully performs
the owner’s obligations under the agreement.
(b) May provide for payment by the owner to the
assignee of:
(1) The amount paid by the assignee to the
county treasurer pursuant to NRS 361.7312
as consideration for the assignment;
(2) Fees for recording and other expenses
incurred by the assignee in connection with the authorization and assignment,
the total of which must not exceed $600 if the property is a single-family
residence occupied by the owner;
(3) Interest on the foregoing amounts,
until paid as provided by the agreement, at a rate not to exceed 15 percent per
annum; and
(4) Any costs reasonably and necessarily
incurred by the assignee to enforce the agreement or the tax lien, including,
without limitation, attorney’s fees and costs of suit, if the owner does not
redeem the lien or otherwise does not perform in accordance with the agreement.
(c) May provide for either or both of the
following remedies if the owner fails to redeem the tax lien or otherwise fails
to perform in accordance with the agreement:
(1) An action by the assignee for
collection of the amounts due pursuant to the agreement, as provided by law for
the enforcement of contracts in writing; and
(2) An action by the assignee for
collection of the taxes, penalties, interest, fees and costs relating to the
tax lien, in the manner provided by NRS
361.625 to 361.730 , inclusive,
except insofar as any provision of those sections applies only to the district
attorney of the county or an action commenced by the district attorney.
3.  The assignee shall cause the agreement
described in subsection 2, with the certificate of assignment of the tax lien
issued pursuant to NRS 361.7318 , to be
recorded in the office of the county recorder of the county in which the property
is located.