Relevant:
- What Happens in Nevada with Foreclosures, Ends Up on Mandelman Matters - Mandelman Matters
- Nevada Legislature Considers Passing its Own Homeowner Bill of Rights
- Nevada Makes Illegal Foreclosures Felony
- Nevada Foreclosure Filings Dry Up After ‘Robo-Signing' Law
- Legislators hope new laws slow Nevada foreclosures
2013-01-07 — ml-implode.com
``In October of 2011, the State of Nevada made national news when it passed a law related to foreclosures known as Assembly Bill 284. It was often referred to as Nevada's "robo-signing law," because among other things, the law made it a felony for loan servicers to sign documents without "personal knowledge" of who owns the note, and it further required lenders to provide an affidavit showing they have the authority to foreclose.
Nevada was one of 11 states that enacted legislation to protect homeowners and regulate illegal foreclosure activity following the subprime mortgage crisis, but its law would have to be considered #1 in terms of its effectiveness... it put foreclosures in a sort of a deep freeze.''
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