Nevada Supreme Court
Ldg Golf, Inc. v. Bank of America, N.A.
October 11, 2022
Summary
The Nevada Supreme Court affirmed summary judgment against the quiet-title plaintiff, concluding that the July 2009 Notice of Default did not clearly and unequivocally accelerate the loan for purposes of the statutory ten-year period. Because the notice contained conflicting language permitting cure without payment of amounts that would not otherwise be due, it did not trigger the limitations period. The court also clarified that recording a Notice of Default is not categorically effective to accelerate a loan.