Home / News / Foreclosure / Nevada Law Makes Foreclosure Property Damage a Crime
Print This Post Print This Post

Nevada Law Makes Foreclosure Property Damage a Crime

in Foreclosure, Government August 11, 2011 761 Views

The Nevada legislature has set an October 1 effective date ""for a new law"":http://www.leg.state.nv.us/Session/76th2011/Bills/AB/AB373_EN.pdf aimed at dissuading homeowners facing foreclosure from vandalizing the property.

The law ""prohibits the destruction of real property that is subject to foreclosure with the intent to defraud.""

A person who intentionally removes, conceals, or destroys any real property and causes the secured party or lender to suffer a financial loss as a result is guilty of a misdemeanor crime, according to the legislation.

Such an offense could carry with it up to six months in jail and a $1,000 fine.

Nevada has the highest foreclosure rate in the country, and it's held that title for four-and-a-half years now.

[COLUMN_BREAK] [IMAGE]

Tagged with:

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
DSNews.com copyright 2024 is a registered trademark of The Five Star Institute
x

Check Also

Real Estate Investor Activity Down in Q4

Investor market shares fell relative to the previous year from February to August 2023, but increased year-over-year by the end of Q3. However, how do these numbers fit into the big picture?