Temporary Agreements or Agreements to Relinquish; Expiration Date

Foreclosure Mediation Rules

Rule: 18

Jurisdiction: NV

Bluebook Citation: FMR 18

1. The parties may enter into a temporary modification agreement to modify any term(s) of the loan agreement as a result of mediation under these rules. Temporary agreements include those where the owner-occupant agrees to retain the home or relinquish the home after a measurable time frame. The temporary agreement must be in writing and signed by the parties. The temporary agreement must also include an “expiration date.” The expiration date is a date certain, and upon which the parties shall have complied with their obligations under the agreement. 2. Any agreement to relinquish the home must include a date or measureable time frame on which the certificate will issue. The date or measurable time frame, so identified shall be herein referenced as the “Certificate Issuance Date.” The District Court may issue an order allowing for the certificate on the day of the certificate issuance date. Nothing herein prevents a party from invoking Rule 24. (a) “Vacate Date” shall be defined as the date, agreed upon by the parties, by which the homeowner will leave the premises. (b) “Certificate Issuance Date” shall be defined as the date on which the program may issue a certificate. 3. If either party to a temporary modification agreement described in this rule fails to fulfill the obligations of that agreement, the aggrieved party may file an appeal. The appeal must be filed within 30 days following the expiration date of the temporary modification agreement, and regardless of whether the mediation has been concluded. [Added; effective June 1, 2010; amended; effective August 31, 2017.]

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