2001 REGULAR SESSION (71st)                                                                         A SB83 R1 613

Amendment No. 613

 

Senate Amendment to Senate Bill No. 83 First Reprint                                                            (BDR 10‑4)

Proposed by: Senators James, O’Connell, Schneider and Carlton

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:              Title:              Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend sec. 6, page 3, line 3, by deleting “subsection 4,” and inserting:

“[subsection 4,]subsections 4 and 5,”.

     Amend sec. 6, page 3, by deleting lines 11 through 14 and inserting:

“deed restriction, restrictive covenant or equitable servitude, [specifically including any lien in favor of an association pursuant to NRS 116.3116 or 117.070,]

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by both husband and wife, when that relation exists.”.

     Amend sec. 6, page 3, by deleting lines 23 through 26 and inserting:

“deed restriction, restrictive covenant or equitable servitude, [specifically including any lien in favor of an association pursuant to NRS 116.3116 or 117.070,]

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unless a waiver for the specific obligation to which the judgment relates”.

     Amend sec. 6, page 3, line 28, after “5.” by inserting:

“The exemption provided in subsection 1 extends to process to enforce the payment of any obligation secured by a lien in favor of an association pursuant to NRS 116.3116 or 117.070, regardless of whether allodial title has been established and not relinquished.

     6.”.

     Amend sec. 6, page 3, line 31, by deleting “6.” and inserting “[6.]7.”.

     Amend the title of the bill, second line, after “acreage;” by inserting:

“providing that the homestead exemption extends to certain liens pertaining to common-interest communities and condominiums;”.

     Amend the summary of the bill to read as follows:

“SUMMARY¾Changes homestead exemption from exemption based on equity to exemption based on acreage and provides that homestead exemption extends to certain liens pertaining to common-interest communities and condominiums. (BDR 10‑4)”.